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INCREASING TRUST INCOME TAX EFFICIENCY AFTER ATRA WITH BETTER BYPASS TRUST OPTIONS [Ohio]
By Edwin P. Morrow III; JD LL.M, MBA CFP® RFC® CMP® [Hon]
Dave, Ann and ME-P Readers,
Many doctors are flummoxed with whether they need any “AB” trust in light of the new tax laws.
I’ve written quite a lot on this and have attached a short and a long version to review:
VIEW: Ohio Law
VIEW: Optimal Basis Increase Trust Sept 2013
You could delete the outdated ME-P sections on EGTTRA and replace them with some of this (although it may be too much for doctors and laypeople, so I’ve also toned-it-down similar to the shorter version above).
- Economic Growth and Tax Relief Reconciliation Act of 2001 …
- ATRA Urges Final Senate Passage of ‘Transparency’ Bill | ATRA
Assessment
Also, you should cover captive insurance companies if you have not already. Which physician/practice owners should consider it? How do you start? How do you choose a captive manager and attorney? What should you watch out for? I could do that too, I think I have some material.
More on Alternative Insurance Companies:
- Is a Captive Insurance Company (CIC) Right for Your Medical Practice?
- Alternative Solutions to Medical Malpractice Insurance
More on Asset Protection:
ABOUT THE AUTHOR:
Mr. Edwin P. Morrow III, a friend of the Medical Executive-Post, is a Wealth Specialist and Manager, Wealth Strategies Communications Ohio State Bar Association Certified Specialist, Estate Planning, Probate and Trust Law Key Private Bank Wealth Advisory Services. 10 W. Second St., 27th Floor Dayton, OH 45402. He is an ME-P “thought leader”.
This essay is based on presentation by the author at the Wealth Management Conference at Columbus on June 13, 2013.
Conclusion
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Filed under: Accounting, Estate Planning, Experts Invited, Risk Management, Taxation | Tagged: "AB" trust, ATRA, bypass trust, Captive Insurance Companies, Ed Morrow JD, EGTTRA, marital trust, Probate Law | 1 Comment »
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