CHAPTER 15: COMMON ESTATE PLANNING TOOLS§ 15.1 Introduction
§ 15.2 Planning for Disability
§ 15.2.1 Powers of Attorney
§ 15.2.2 Durable Powers of Attorney for Health Care Decisions
§ 15.2.3 Living Wills
§ 15.3 Lifetime Gifts
§ 15.3.1 Gifts to Minors
§ 15.4 Non-Probate Transfer Devises
§ 15.4.1 Joint Tenancy
§ 15.4.2 Beneficiary Designations; “Payable on Death” Designations
§ 15.4.3 Beneficiary Deeds
§ 15.5 Tools for Business Owners
§ 15.5.1 Choice of Business Entity
§ 15.5.2 Buy-Sell Agreements
§ 15.5.3 Lifetime Transfers of Business Interests
§ 15.5.4 Discounting
§ 15.5.5 Family Limited Partnerships (FLPs) and Limited Liability Companies (LLCs)
§ 15.5.6 Grantor Retained Annuity Trusts (GRATs)
§15.6 Trusts
