Arizona Estate Planning – Income, Estate, Gift, and GST Taxation: Forms and Practice Manual

T. James Lee, Esq., a Shareholder and Director in the Phoenix office of Fennemore Craig, P.C., and serves as Chair of the Family Office and Private Client group. Certified as a Trust and Estate Specialist by the Arizona Board of Legal Specialization, Mr. Lee counsels clients on estate planning, charitable giving, business formation, and business succession planning, and advises trustees and executors on their fiduciary responsibilities in the administration and distribution of trusts and probate estates, and on tax matters. He is a member of the American Bar Association, the State Bar of Arizona, and the Utah State Bar, and is past Chair of the Executive Council of the Probate and Trust Section and past Chair of the Estate and Trust Advisory Commission for the State Bar of Arizona. Mr. Lee received his B.S. from Brigham Young University and his J.D. from Brigham Young University (with honors). Mr. Lee is rated AVPreeminent by Martindale-Hubbell, is listed in Best Lawyers in America under Tax Law and Trusts and Estates (named as Lawyer of the year in 2017 and 2021 for Arizona), Chambers and Partners (HNW, Private Wealth Law), has been listed for multiple consecutive years in Southwest Super Lawyers in Estate Planning and Probate, and is admitted to Arizona's Finest Lawyers.

Stephanie Ford Tribe, Esq., is a Director in the Phoenix office of Fennemore Craig, P.C., and Chairs the firm's Trust, Estate, and Wealth Preservation practice group. Ms. Tribe practices law in the areas of estate planning, estate and trust administration, charitable giving, and wealth preservation. She has served on numerous charitable boards, including the Children’s Museum of Phoenix. She regularly lectures on the topics of estate planning, trust administration, and wealth transfer techniques. Ms. Tribe earned a B.A. from Brigham Young University and a J.D., with honors, from the University of Utah. She has been listed in Southwest Rising Stars for Estate Planning and Probate for years 2012 through 2018.

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SUMMARY TABLE OF CONTENTS

Chapter 1: Introduction
Chapter 2: Overview of the Federal Transfer Tax System and Related Income and Property Tax Provisions
Chapter 3: Transfers Subject to the Gift Tax
Chapter 4: Planning For the Marital Deduction
Chapter 5: Irrevocable Transfers In Trust And Use of Similar Vehicles
Chapter 6: Foreign Matters
Chapter 7: Disclaimer Planning
Chapter 8: Valuation Issues
Chapter 9: Business Entities in the Estate Planning Context
Chapter 10: Retirement Plans in Estate Planning
Chapter 11: Estate, Gift and Generation-Skipping Tax Liability and Apportionment
Chapter 12: Estate Planning With Life Insurance
Chapter 13: Charitable Gift Planning

Appendix A: Economic Growth and Tax Relief Reconciliation Act of 2001
Appendix B: Internal Revenue Code - Estate and Gift Taxes
Appendix C: Treasury Regulations - Estate and Gift Provisions (Under Subtitle B)
Appendix D: Will: Unmarried Testator/Testatrix, Simple - Optional Trust For Minors - Optional Provision For Appointing Guardian and Conservator
Appendix E: Will: Married Testator/Testatrix, Simple - Comfirmation of Spousal Interest In Community Property - Optional Trusts For Minors - Optional Provision For Appointing Guardian and Conservator
Appendix F: Will: Unmarried Testator/Testatrix, Pourover
Appendix G: Will: Married Testator/Testatrix, Pourover - Comfrimation of Spousal Interest In Community Property
Appendix H: Revocable Trust: One Trustor (Unmarried), Simple
Appendix I: Revocable Trust: Two Trustors (Married), Fractional Marital Deduction Formula - Survivor's And Bypass Trusts
Appendix J: Revocale Trust: Two Trustors (Married), Pecuniary Marital Deduction Formula - Survivor's Bypass, and QTIP Trusts With GST Planning
Appendix K: Revocable Trust: Pecuniary Bypass Formula - Survivor's and Bypass Trusts
Appendix L: Irrevocable Trust: One Trustor (Married), Surviving Spouse and Children Beneficiaries - Present Interest Withdrawal Power For Annual Gift Tax Exclusion
Appendix M: Irrevocable Trust: One Trustor, One Child Beneficiary - Present Intrest Withdrawal Power For Annual Gift Tax Exclusion - Distribution of Prinicipal at ages 25,30, and 35
Appendix N: Irrevocable Trust: One Trustor, Multiple Children Beneficiaries (Group Trust) - Present Interest Hanging Withdrawal Powers For Annual Gift Tax Exclusion - Final Distribution of Principal When Youngest Child Attains Age 25
Appendix O: Irrevocable Trust: One Trustor, One Grandchild Beneficiary (Generation Skip) - Present Interest Withdrawal Power For Annual Gift Tax Exclusion, And Qualifying For GST Annual Exclusion - Distribution of Prinicpal at Ages 25, 30 and 35

Indices