Materials prepared by Wendy S. Goffe and Gideon Rothschild, Esq. for the March, 2007 Annual Meeting of the American College of Trust and Estate Counsel (reproduced with permission):

• Wendy Goffe’s Outline
• Wendy Goffe’s Tenancy In Common Agreement
• Gideon Rothschild’s Family Compound Trust

Materials relating to Joseph F. McDonald, III’s Family Land Preservation Trust:

• ACTEC Notes Article
• Specimen Family Land Preservation Trust Agreement
• Summary of FLPT Provisions

Draft “Articulated,” Layered Qualified Personal Residence Trusts:

• QPRT I: 50% Interest in Property, QPRT term equal to Grantor’s Actuarial Life Expectancy
• QPRT II: Remaining 50% fractional interest, QPRT term equal to half of Grantor’s Actuarial Life Expectancy

Materials relating to “Split Purchase QPRT” Strategy:

• Specimen Cover Letter to Hypothetical Client
• Split Purchase QPRT Client Memorandum
• Owner’s Manual
• Split Purchase QPRT Document

Miscellaneous Materials Relating to Structures/Structuring:

• Using a “Qualified Personal Residence Trust” May Provide Tax Benefits and Protect Your Residence From Creditors
• Sample Land Trust Provisions for Inclusion in Revocable Trust Agreement
• Flowcharts Illustrating Mom’s Pop’s Fractional Interest Discounted Gifts:
  • Flowchart #1 – Illustrating Mom and Pop’s Funding of Trusts and Trusts’ Purchase of Jointly Owned Policy
  • Flowchart #2 – Illustrating Cash Flows During Mom and Pop’s Lifetimes
  • Flowchart #3 – Illustrating Flow of Assets After First Death
  • Flowchart #4 – Illustrating Flow of Assets After Second Death
• Flowcharts Illustrating Tiered Structure
  • Flowchart #1 – Illustrating Mom and Pop’s Capitalization of LLC
  • Flowchart #2 – Illustrating Mom and Pop’s Lifetime Gifts of Discounted Member Interests to Irrevocable Trust
  • Flowchart #3 – Illustrating Purchase of Life Insurance Policy to “Seed” Endowment, and Cash Flows During Mom and Pop’s Lifetimes
  • Flowchart #4 – Illustrating Cash Flows On and After Second Death
• Grid Summarizing Strengths and Weaknesses of Available Structures

Estate Planning for Second Homes and “Heirloom” Real Estate

• Online Presentation
• Download PowerPoint file (93 KB – right click and Save Target As...)
• Download zipped PowerPoint file (17 KB)

List of Published Articles on Various Land Succession Planning Topics

• List of Published Articles on Various Land Succession Planning Topics
• Governance Structures for Family Vacation Properties