The document discusses the benefits of making substantial gifts in 2012 due to the high gift tax credit and GST exemption. It addresses the potential 'claw back' issue and provides strategies to overcome reluctance in making gifts, including the use of trusts and LLCs. It also introduces the Intentionally Busted 2701 Transaction (IBT) as a method to retain control over assets while achieving tax savings.
documents/EFTA00589225.pdf
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