Hide Assignment InformationTurnitin®This assignment will be submitted to Turnitin®.Instructions
Submit a memo describing how you will incorporate trusts into the estate plan you started in Milestone One. Include a quantitative model (in Excel) explaining how the use of the trusts and the family limited partnership can reduce the family’s estate tax over time. Show how the transfer of ownership in the present via gifts or the formation of trusts will ensure a greater appreciation in value of the younger generation’s ownership interests in the family enterprise over time. Conclude whether or not the strategy is worthwhile and is ethically sound.
Cite appropriate statutory authority, case law, and/or AICPA Code of Conduct or ABA Model Rules of Professional Conduct to support your conclusions.
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