2010 Planning Ideas

1. Using Roth IRA conversions to increase overall wealth
2. Selling highly-appreciated assets in 2010 to take advantage of the all-time low capital gains tax rates before they sunset in 2011
3. Taking distributions of employer stock from qualified retirement plans to reduce overall income taxes during retirement
4. Funding multi-generational trusts to take advantage of the gap in the estate/generation-skipping transfer (GST) tax law
5. Utilizing Grantor Retained Annuity Trusts (GRATs) and Charitable Lead Annuity Trusts (CLATs) to take advantage of currently low interest rates and the gap in the estate/generation-skipping transfer (GST) tax law
6. Selling highly-appreciating closely-held family business interests to an Intentionally Defective Grantor Trust (IDGT) to “supercharge” wealth transfers to future generations