Estate Planning After the American Tax Payer Relief Act of 2012 Out of Stock
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About the Seminar
Join G.P. Diminich on his discussion of Estate Planning in a Post-ATRA World. The American Taxpayer Relief Act of 2012 created supposedly “permanent” high federal estate and gift tax exemptions. This CLE studies how to estate plan in the current high federal estate and gift tax environment. In particular, the presentation focuses on non-estate and gift tax motivations for using credit shelter trusts, and examining the positive and negative aspects of utilizing them. Additionally, the material critiques on whether to draft credit shelter trusts for clients or whether to rely on electing portability when the first spouse passes, and provides an analysis framework for the estate planner to utilize when deciding on whether to draft credit shelter trusts. Finally, the seminar addresses the important issue of how to mitigate one drawback of the use of credit shelter trusts - the lack of step up income tax basis on the surviving spouse's death - by discussing various techniques to mitigate such an impact.
Speaker: G.P. Diminich
Mandatory MCLE Credit Hours