The latest updates and important topics that impact estate and trust planning will be explored. We will delve into different key areas of interest including Secure Act 2.0; proposed regs on 706 deductions; unsettled litigation after death; and Corporate Transparency Act. You will gain practical insights, strategies, and best practices to better serve your clients and navigate the evolving landscape of estate and gift tax planning and compliance.

This Program will recognize the increasing interest rates in the economy over the past few years and address the effect that these changes have on income, gift and estate planning.

Among the Issues to be Discussed:

• The moving IRC 7520 Rate

• Charitable planning – Remainder Trust vs. Lead Trust

• Are GRATs and IDGTs still good techniques?

• Welcome Back QPRTs

• How to address intra-family loans

By attending this session, you will gain valuable insights into portability and its impact on estate and gift tax planning. You will leave with a deeper understanding of how to navigate the complexities of filing Form 706, make informed decisions about taking advantage of the 5-year extension period, compare different filing options, and utilize shortcuts to enhance efficiency. 

This session will discuss some of the practical issues practitioners encounter when dealing with the income taxation of estates and trusts including an overview of the calculation of distributable net income (DNI), how capital gains may be included in DNI, handling passive activity losses, allocating DNI on the death of a beneficiary, allocating expenses, handling retirement plan distributions and claiming an income tax charitable deduction.

We will explore the critical aspects of trust administration, with a particular focus on tax issues and funding decisions. Attendees will deepen your knowledge of trust administration, particularly in relation to tax issues and funding decisions. You will leave with a thorough understanding of marital deduction formulas, effective funding techniques for sub-trusts, insights into related tax and accounting issues, and guidance on filing a 706 for estates within a specific asset range. 

In this insightful session, we will explore the intricacies of drafting trust documents and the importance of avoiding potential pitfalls. Attendees will leave equipped with a better understanding of how to effectively read and interpret trust documents, strategies to prevent ambiguities, and insights into common drafting traps. 

In this session, we will explore the unique challenges and considerations that arise when dealing with cross-border estate planning. Attendees will gain a better understanding of the effects of domicile, navigate the differences in laws across countries, and access a curated list of resources to aid you in your international estate planning endeavors.