Potpourri of Estate Planning Topics For Upcoming Holiday Party Conversations

This program will provide a review of practical current issues and planning ideas including: King Clauses versus Wandry pros/cons and practical suggestions. Issues that arise on administration of adjustment clauses. Why to give to charity this year to avoid the .5% and 2/37ths reductions next year. Use of Non-Grantor trust that uses income for property taxes and charity to secure deductions not available on a personal return. Powers of appointment to get new basis from death of older relatives. The Hart-Scott-Rodino Antitrust Improvements Act of 1976, may require parties to certain mergers, acquisitions, or transfers of securities or assets to file premerger notifications with the Federal Trade Commission and the Department of Justice. This can apply to estate planning transactions and presents a trap for the unwary if assets exceed $126.4 million. Most seniors (85–93%) live with at least one chronic disease; more than half have multiple. This has to be considered when evaluating the planning structures to be used. A SPAT or hybrid DAPT may be a safer approach if the client develops health issues. Why Roth conversions should not be used without consideration of future health care costs. And more!

Speakers: Alan S. Gassman and Martin Shenkman, Esq.