The so-called "HEET" is a potentially multi-generational trust that is exempt from the generation-skipping transfer tax, not because the settlor has allocated exemption amounts to the transfer, but because the trust can make distributions only for educational or medical expenses of the beneficiaries who are skip persons, or to nonskip persons, wh...

Single member LLC sounds like a good first step, but you will still have the problem of holding or disposing of these notes.  You might want to give a call to Bryan Clontz at CharitableSolutionsLLC.com.  They handle "problem" assets at a modest fee.

I have a donor that is interested in paying for her grandkids college education.  Has anyone heard of a Health and Education Exclusion Trust - how do they work and is there a minimum amount that has to be left to charity?

Any information on how these work, how much they are required to pay out, etc.

We have an estate holding partial interests in notes backed by real estate. They've tried to sell them. I have a hunch they'd like to explore an in-kind distribution so they can finally wrap things up.

I believe it is too late to disclaim, and we probably don't want to go that route anyway given the family situation.

Thoughts?
Single member LLC? (pros, cons,...

I recommend Bryan Clontz at www.charitablesolutionsllc.com.  Brief advice on reinsurance: consider only for large CGAs that pose a general risk in your pool. Reinsuring all contracts is too expensive and a great way to guarantee minimal residuums in your pool. Two good ways to dramatically reduce your exposure are: 1) offer immediate payment CGAs on...

We are reviewing our current CGA program and exploring our options going forward. We are considering a new firm to work with to write our CGAs, as well as options around reinsurance. I'm looking for feedback on firms (local and direct experience if possible) we might work with regarding our CGA program as well as thoughts on pros/cons from your experience...