Virtual
Estate Planning Strategies Using Irrevocable Trusts 2023
Date: June 7, 2023
Time: 8 a.m. – 2 p.m. PT
Overview
With 2026 just around the corner, one of our clients’ top concerns is the possible reduction of the $12.92 million transfer tax exclusion to a lower amount. Many advisers are turning to irrevocable trusts to take advantage of the currently high exclusion and freeze their estates. This course will analyze the advantages and disadvantages of using a wide variety of noncharitable trusts, such as spousal lifetime access trusts (SLATs), grantor retained interest trusts (GRATs and GRUTs), qualified personal residence trusts (QPRTs), life insurance trusts (ILITs), domestic asset protection trusts (DAPTs), dynasty trusts, and retirement trusts.
Product Code
1000001631-116034
Credit Type
CPE: 6CFP: 6CPE-Technical: 6Accessibility
Closed Captioning Available
Intended Audience
CPAs, attorneys, CFPs, trust officers and other financial professionals.
NASBA Field of Study
Taxes
Level of Difficulty
Advanced
Prerequisites
Basic knowledge of the taxation of estates, gifts, and trusts
Advance Preparation
None
Learning Objectives
Major Subjects
- President Biden’s campaign promises and historical positions on estate planning
- The gift, estate, and income tax treatment of irrevocable trusts
- The benefits of spousal lifetime access trusts (SLATs), grantor retained interest trusts (GRATs and GRUTs), qualified personal residence trusts (QPRTs), life insurance trusts (ILITs), domestic asset protection trusts (DAPTs), dynasty trusts, and retirement trusts
Faculty
Additional Details
This course was recorded on 05/15/2023. The instructor will be available via the chat feature to answer questions during the presentation.