EVENT CALENDAR

Since the SECURE Act arrived in December of 2019, planners have been awaiting regulations to clarify a variety of open issues.  Proposed regulations were released in late February, ending the long wait.  Although the proposed regulations answer many questions, they also raise a few new wrinkles, and include some perhaps surprising provisions.  

How can practitioners (CPAs, wealth advisers, attorneys, and 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?  How can advisers facilitate more accurate and efficient trust administration?  In this webinar, specific practical steps practitioners can use will be illustrated and explained.

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. It will provide guidance as to when it should or should not be used and will explain why it almost never will be the magic bullet for avoiding estate tax.

InterActive Legal, Peak Trust Company, and Shenkman Law invite you to a complimentary webinar on “Flexible Beneficiary Trusts” – a trust design strategy for keeping assets protected from creditors and potential spendthrift beneficiaries while still taking advantage of the generally lower income taxes resulting if trust income can be taxed to beneficiaries.

Chief Counsel Advice 202152018 (“the CCA”), released on December 30, 2021, has a 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, to a binding contract, etc. Where the business is on this continuum will affect how an appraiser evaluates the possible implications of the potential sale.