Basis Planning Post OBBBA

OBBBA changes how advisers should look at estate planning. Many clients will no longer face a Federal estate tax with the new $15M permanent exemption. As a result, income tax planning, and in particular maximizing income tax basis, may be a focus of increased attention.  In addition to upstream planning with GPOAs, what about downstream planning with gifts? Basis step up planning may conflict with traditional planning strategies of keeping assets in trust for a surviving spouse and others. What can be done with existing credit shelter trusts, SLATs, and other irrevocable trusts that are outside of anyone’s gross estate?   Can – and should – existing estate tax plans be unraveled? How can powers of appointment be effectively used to increase options for basis step up? Can upstream as well as downstream planning be used? How will gift planning be different, after OBBBA?  Join us for an online webinar to consider these questions and the post-OBBBA planning shift.

Speakers: Jonathan G. Blattmachr, Robert S. Keebler and Martin M. Shenkman