Below is a brief glance at what you’ll find in the March/April 2014 issue of The Estate Planner.
Link to the issue. March/April 2014

Private annuities can offer big tax savings
A private annuity can be a powerful strategy for passing assets to heirs in a tax-efficient manner. It involves transferring property to children or others in exchange for their unsecured promise to make annual payments to the transferor for the rest of his or her life. This article examines both the benefits and risks of private annuities, while a sidebar looks at a case in which the U.S. Tax Court approved a deferred private annuity, which, under the right circumstances, can minimize the risk.
5 tips for donating artwork
Valuable works of art may be ideal candidates for charitable donation. Generally, it’s advantageous to donate appreciated property to avoid capital gains taxes. Because the top capital gains rate for art and other “collectibles” is 28%, donating art is particularly effective. This article offers five tips to keep in mind, including getting an appraisal, being cognizant of the related-use rule, and considering a fractional donation.
A successful family business requires strong governance
For a family business to provide financial security for current family members and future generations, the company must have strong governance. It starts with the initial organization (or reorganization) of a business into a corporation, partnership or LLC. This article focuses on the corporation, which is required by law to have a board of directors and officers and to observe certain other formalities. The article also looks at estate planning strategies, including having a well-designed buy-sell agreement.
Estate Planning Red Flag: You haven’t planned for long-term care
The high cost of long-term care (LTC) — which may include an assisted living facility, nursing home or home health care — can quickly devour resources needed to maintain one’s lifestyle during retirement and provide for children or other heirs. This issue’s “Estate Planning Red Flag” discusses what to consider in an LTC insurance policy.