Estate Planning Strategies Using Irrevocable Trusts WEBCAST

Overview

With Democrats in control of Congress and 2026 just around the corner, one of our clients’ top concerns is the possible reduction of the $12.06 million transfer tax exclusion to a lower amount. To take advantage of the currently high exclusion and freeze their estates, many advisers are turning to irrevocable trusts. 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.

Highlights

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.

Designed For

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

Objectives

Review the changing estate and trust planning environment. Summarize the gift, estate, and income tax treatment of irrevocable trusts. Dive deep into the benefits of advanced trust planning.