Description

With 2026 just around the corner, one of our clients’ top concerns is the possible reduction of the $13.61 million transfer tax exclusion to a lower amount. Many advisers are turning to irrevocable trusts to take advantage of the currently high exclusion and freeze their estates. This course will analyze the advantages and disadvantages of using a wide variety of noncharitable trusts, such as spousal lifetime access trusts (SLATs), grantor retained interest trusts (GRATs and GRUTs), qualified personal residence trusts (QPRTs), life insurance trusts (ILITs), domestic asset protection trusts (DAPTs), dynasty trusts, and retirement trusts.

Target Audience

CPAs, attorneys, CFPs, trust officers and other financial professionals.

Course Objectives

• Determine the changing estate and trust planning environment
• Recognize the opportunities in the gift, estate, and income tax treatment of irrevocable trusts
• Identify the benefits of a deeper understanding of advanced trust planning

Subjects

• President Biden’s campaign promises and historical positions on estate planning
• The gift, estate, and income tax treatment of irrevocable trusts
• The benefits of spousal lifetime access trusts (SLATs), grantor retained interest trusts (GRATs and GRUTs), qualified personal residence trusts (QPRTs), life insurance trusts (ILITs), domestic asset protection trusts (DAPTs), dynasty trusts, and retirement trusts

Prerequisites

Basic knowledge of the taxation of estates, gifts, and trusts