How can practitioners (CPAs, wealth advisers, attorneys, insurance consultants) assist clients in the operation and administration of irrevocable trusts? What preliminary steps might be helpful to take to guide clients on proper trust administration steps? How can advisers help facilitate more accurate and efficient trust administration? Specific practical steps practitioners can use will be illustrated…
Life Insurance is a ubiquitous asset that has unique features and is uniquely (and favorable) treated under many legal systems, including for bankruptcy and for tax purposes. It is also one of the least understood properties with which Americans and their advisors face. This webinar with cover how life insurance is structured, priced and taxed….
CCA 202152018, released on December 30, 2021 has critical impact on grantor retained annuity trusts (GRATs). The CCA addresses a common valuation challenge: what consideration should be given to a potential sale in valuing an asset? Often there is a long continuum from: no sale, to discussions with potential buyers, to a letter of intent,…
Speakers: Henry Montag and Martin Shenkman Approximately 55-60% of existing life Ins purchased over the last 40 years is Not Guaranteed. 35-40% of that coverage is anticipated to expire prematurely. Learn why. Handouts One Slide Per Page
Speakers: Henry Montag and Martin Shenkman Are you better off with a traditional long term care Insurance policy, or the new Combo/Linked policies? Discover the important points that must be considered. Handouts One Slide Per Page
A recent Tax Court Case, Smaldino V. Commissioner Of Internal Revenue, T.C. Memo. 2021-127, November 10, 2021 has lots of important lessons on how to do an estate plan properly. These lessons are particularly important for those that did planning in a rush in 2020 and 2021 fearing dramatic changes in the tax laws. Even…
Podcast discussion of estate and related planning in Mid-November 2021. Host: Mary Vandenack, Esq. Speakers: Jonathan G. Blattmachr, Esq. and Martin Shenkman, Esq. *There are no professional advancement credits (CPE, CLE, etc.) offered for viewing this podcast.
The House Democrats are proposing a $3.5 trillion spending plan. To support that package, the Democrats have proposed tax increases to fund a large portion of the plan. The House Ways and Means Committee recently issued statutory language for the tax increase proposal, including dramatic changes to the transfer tax system. While the tax legislative…
The House Democrats are proposing a $3.5 trillion spending plan. To support that package the Democrats have proposed tax increases to fund a large portion of that plan. The House Ways and Means Committee just issued statutory language for the tax increase proposal. While the tax legislative process will no doubt evolve with many twists…
This will be a fast-paced review of a wide range of practical planning ideas including: Freeze planning for GST exposed trust and QTIP trusts; Installment sales to non-grantor trusts; Mathematics of charitable planning; Creative planning considering the changing political landscape; Beneficial interests in trusts and dissolution of marriage; Strategies to avoid ethical issues in estate…