Non Grantor Trusts, Sec 68e, and Other Post OBBBA Planning Considerations

OBBBA made a myriad of changes to the tax law. The indirect planning implications are quite significant. This webinar assumes attendees are already familiar with the basic OBBBA changes and will build on that with a discussion of how and when non-grantor trusts may be used, sometimes differently, in planning post-OBBBA. In particular, we will cover the repeal of Code Section 68(e) and the application of the new 2/37ths reduction in charitable contribution deductions to trusts. What impact will that change have on existing trusts that have charitable beneficiaries? How will charitable lead trusts be affected? What should trustees of such trusts consider? The use of non-grantor trusts to enhance charitable contribution deductions will still make sense for many taxpayers, but practitioners should caution clients pursuing that planning of the implications of the new 2/37 reduction. For some clients using QCDs, bunching, or other planning techniques may be preferable.

Speakers: Jonathan G. Blattmachr, Alan S. Gassman, and Martin Shenkman, Esq.