NAEPC Webinar – Longevity Changes Everything (Video)
Increasing longevity, the recent increase in the estate tax exemption, and other disruptive factors are changing the face of life insurance valuation. Fiduciaries and financial professionals are demanding a more defensible determination of fair market value for estate and tax planning with senior clients. These issues are discussed in this intermediate level presentation, which originally aired January 2018. Learn more about the Robert G. Alexander Webinar Series.
Estate of Cahill v. Commissioner, T.C. Memo. 2018-84 (June 18, 2018) (PDF)
Planners have been concerned that the Tax Court’s reasoning in Estate of Powell, applying §2036(a)(2) because the partners could unanimously agree to terminate the partnership, may be extended to other situations involving multi-party transactions in which the parties could agree to “undo” the deal. Just a little over a year later, Cahill has indeed applied that same reasoning in a different context. Author: Steve Akers, JD, AEP® (Distinguished)
Clients and Cannabis: Do Not Let An Estate Plan Go Up In Smoke (PDF)
An issue that more and more estate planners are dealing with – conflicts among state and federal law require special planning for the administration and distribution of trusts and estates that hold this asset.
Originally published in the May 2018 edition of Estate Planning, a Thomson Reuters publication. Reprinted by permission. Author: Wendy S. Goffe, JD
Steve Oshins’ 9th Annual DAPT State Rankings Chart (PDF)
Another cool tool in the series – Provides hot links to state statutes, the criteria and the weight attributed to each in determining the overall rank. Author: Steven J. Oshins, JD, AEP® (Distinguished)
DAPTs & Klabacka – At the Intersection of Estate Planning and Family Law (PDF)
DAPTs can be an important part of marital planning – a potential backstop to the uncertainty of pre- and post-marital agreements to bolster separate property status. Also a critical topic for advisors to clients who are concerned about making transfers of a significant portion of their wealth into trust to take advantage of the high exemption amounts.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI) Authors: Sandra Glazier, Esq., Martin M. Shenkman, CPA, MBA, PFS, AEP® (Distinguished), JD, & Alan Gassman, Esq.
Toni 1 Trust v. Wacker – Reports of the Death of DAPTs for Non-DAPT Residents is Exaggerated (PDF)
And never the twain shall meet – The authors provide an analysis of the impact of the recent Alaska Supreme Court decision pertaining to jurisdiction over disputes relating to the transfer of assets to an Alaska self-settled trust. The authors conclude that interpretations claiming that only residents of DAPT states can benefit from creditor protection are erroneous.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI) Authors: Jonathan Blattmachr, Esq., AEP® (Distinguished), Matthew Blattmachr, CFP, Martin M. Shenkman, CPA, MBA, PFS, AEP® (Distinguished), JD & Alan Gassman, Esq.
Tax Cuts and Jobs Act: 529 Plans Expanded (PDF)
Great news for parents and grandparents – Qualified education expense has been expanded to include K-12. Further, 529 plans can be rolled over to fund ABLE accounts through 2025. Learn how these provisions work and use the handy links to compare and contrast specific plans offered by different states. Author: Bronwyn L. Martin, MBA, ChFC®, CLU®, CRPC®, CFS®, CMFC®, AEP®, CLTC, LACP
Using Trust and Tax Solutions in Divorce Mediation (PDF)
This entertaining piece illustrates the use of trusts in divorce mediation, the use of specialized mediators, how to avoid gift tax traps and four basic trust types that lend themselves well to divorce mediation.
This article’s original format was published in the Oklahoma Bar Journal, Vol. 89, No 7 (March 2018), and content is used with permission from the Oklahoma Bar Association. Authors: Gale Allison, JD, LLM (Taxation) and Vale Gonzalez
Private Placement Life Insurance Primer (PDF)
This piece offers a high-level overview of PPLI and outlines how ultra-affluent families are utilizing this strategy to minimize the impact of income taxes on investment returns.
Originally published in the May 8, 2018 online edition of Trusts & Estates. Reprinted by permission of WealthManagement.com. Authors: Brian Gartner, Director, and Matthew Phillips, Principal, Winged Keel Group
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