Planning for the Freeze: Trust & Estate Planning to "Freeze" Asset Values Out of Stock
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About the Seminar - Computer Based Audio ONLY programs (No Video) - DOES NOT QUALIFY FOR CLE BIG TICKET
Asset freezes transfer future appreciation in a closely-held company or other asset from a senior generation to a junior generation, reducing the tax exposure of the senior generation and providing that any appreciation will be taxable at the generally lower rates of beneficiaries. Asset freezes use a variety of trusts and techniques to achieve this shift in taxable appreciation. Because freezes are subject to abuse, they are frequently challenged by the IRS. If carefully planned, drafted, and administered, however, asset freeze platforms are effective tools for tax reduction while the senior generation still retains income from the asset. This program will provide you with a practical guide to the techniques, risks and opportunities of asset freezes.
Use of retained interest trusts to shift asset appreciation - GRATs, GRITs, GRUTs
Installment note sales of closely-held companies to heirs
Use of self-cancelling installment notes and private annuities
Qualified Personal Residence Trusts
Income tax consequences of asset freezes
Speaker:
Missia H. Vaselaney is a partner in the Cleveland office of Taft, Stettinius & Hollister, LLP, where her practice focuses on estate planning for individuals and businesses. She also represents clients before federal and state taxing authorities. Ms. Vaselaney is a member of the American Institute of Certified Public Accountants and has been a member of the Steering Committee for AICPA's National Advanced Estate Planning Conference since 2001. Ms. Vaselaney received her B.A. from the University of Dayton and her J.D. from the Cleveland-Marshall College of Law.
Michael Sneeringer an attorney in the Naples, Florida office of Porter Wright Morris & Arthur LLP, where his practice focuses on trust and estate planning, probate administration, asset protection planning, and tax law. He has served as vice chair of the asset protection planning committee of the ABA's Real Property, Trust and Estate Section and is an official reporter of the Heckerling Institute. Mr. Sneeringer received his B.A. from Washington & Jefferson College, his J.D., cum laude, St. Thomas University School of Law, and his LL.M. from the University of Miami School of Law.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2020, please use this course code: 201881ADT.
Note: When submitting your compliance reports to the SC Commission on CLE and Specialization, if you completed this in 2021, please use this course code: 213082ADT.