Why You Should Attend
Decanting an irrevocable trust (distributing property from one irrevocable trust to another) is an increasingly popular strategy among estate planners, yet many do not fully understand the income, gift, estate, and generation-skipping transfer (GST) tax consequences of decanting. And while a number of states have recently enacted decanting statutes, the Internal Revenue Service has still not issued formal guidance on decanting. Decanting, thus, is an area that has yet to be clearly delineated and refined.
If you advise trustees in your practice, you must attend this 90-minute CLE on decanting irrevocable trusts so that you can be thoroughly informed as to the issues, strategies, and best practices of restructuring otherwise irrevocable trusts to accomplish a variety of tax and non-tax objectives for your clients.
What You Will Learn
Expert faculty will discuss the practical and jurisdictional issues in decanting, including:
principal circumstances in which decanting is an appropriate strategy
using decanting to avoid or resolve trust disputes among trust beneficiaries
alternatives where decanting is not an available option
tax consequences of decanting based upon the most recent compelling commentaries submitted to the IRS
decanting trusts from high income tax states to low - or no-income tax states
Who Should Attend
This accredited continuing legal education program from ALI CLE is designed for attorneys who practice tax and estate planning law.
Nancy G. Henderson, Henderson Caverly Pum & Charney LLP, San Diego
Kristin E. Caverly, Henderson Caverly Pum & Charney LLP, San Diego
William R. Burford, Executive Director, J.P. Morgan, Los Angeles
Michael M. Gordon, Gordon, Fournaris & Mammarella, P.A., Wilmington, Delaware
All Times Eastern
12:00 p.m. Program Begins
1:30 p.m. Adjournment
Total 60-minute hours of instruction: 1.5 hours; total 50-minute hours: 1.8 hours.
Level of Instruction: Intermediate to Advanced
Here's what registrants have said about this course:
"Well organized. good balance of state law and federal tax law discussion."
"Very good program.......informative. Michael Gordon did a great job."
"Very good program. Organization good and the presentation was quite clear."
"Very informative program without being long-winded."
"I very much enjoyed the program and how prepared the instructors were."
Eastern 12:00 pm – 1:30 pm
Central 11:00 am – 12:30 pm
Mountain 10:00 am – 11:30 am
Pacific & Arizona 9:00 am – 10:30 am
Alaska 8:00 am – 9:30 am
Hawaii 6:00 am – 7:30 am