ESTATE PLANNING STRATEGIES

1.     WILL WITH A/B TRUST, DESCENDANT¡¦S TRUST AND CONTINGENT TRUST.

¡P       Purposes:

(1)   Prevent intestacy (Without Will);

(2)   Client can decide how and how much of his assets are to be distributed;

(3)   Reduce Probate Costs;

(4)   Reduce Time For Administering the Estate;

(5)   Prevent conflicts between family members;

(6)   Reduce Estate Taxes (Utilizing $1.5M estate tax exemption by putting $1.5M into B Trust, and the rest of estates into A-Marital Trust)

(7)   Prevent escheat to State of Texas;

(8)   Age distribution on B Trust as Testamentary Trust;

(9)   Set up Contingent Trust for the ward;

         (10)Set up Contingent Beneficiary;

(11)Allow Co-Trustee;

(12)Allow Charity beneficiaries or Family heirship;

(13)No Contest clause;

(14)Spend thrift clause.

2.     LIFE INSURANCE TRUST (LIT)

¡P     Put all or most of life insurance policy into the Life Insurance Trust à Client may save certain estate tax.(H¡¦s LIT, W¡¦s LIT & Last to Die LIT)

3.     OTHER LEGAL INSTRUMENTS

¡P       Durable Power of Attorney

¡P       Health Power of Attorney

                    (Combo of Health Directive and Living Will)

¡P       Declaration of Guardian

4.     FAMILY LIMITED PARTNERSHIP

¡P           Under Family Limited Partnership, Client can transfer her assets to her children or beneficiaries gradually. à May save estate tax.

5.     TITLE CLARIFIACTION

¡P       To help divide their assets lawfully.