Grantor Retained Annuity Trusts: Tax-Efficient Estate Planning Techniques
Leveraging GRATs to Preserve and Transfer Assets
Recording of a 110-minute CLE teleconference with Q&A
Conducted on Tuesday, January 31, 2012
Recorded event now available
This teleconference will prepare estate planning attorneys to identify estate planning opportunities in GRATs. The panel will outline how to structure GRATs and teach skills for evaluating various tax impacts of GRATs as tax and investment planning vehicles.
Description
A grantor retained annuity trust (GRAT) is an effective vehicle to transfer assets and property that will likely appreciate in value to children. When set up correctly, these trusts afford their grantors reduced tax liability for gifts to children, while the underlying assets continue to grow in value.
When the trust term ends, the remainder interest passes to the grantor’s children. So long as the grantor survives the GRAT term, the amount that passes to the children is not subject to estate tax.
Although the grantor survivorship requirement suggests GRAT terms of short duration—often just two years, recent trends favor longer-term GRATs that allow the trust to lock in current low interest rates or values. Current low interest rates make GRATs particularly advantageous at this time.
Listen as our panel of experienced estate planning attorneys discusses best practices for maximizing the benefits of grantor retained annuity trusts.
Outline
- Structuring GRATs
- Regulatory and statutory requirements
- Impact of low interest rates
- Threat of statutory changes
- Tax consequences for GRATs
- Gift tax implications
- Estate tax implications
- Generation-skipping transfer tax implications
- Income tax implications
Benefits
The panel will review these and other key questions:
- What are the statutory and regulatory requirement for structuring GRATs?
- How do the current interest rates impact the viability of GRATs?
- What are effective planning approaches for using GRATs?
Upon completing this seminar, you will be able to identify estate planning opportunities in GRATs. You will understand how to structure GRATs and learn skills for evaluating various tax impacts of GRATs as tax and investment planning vehicles. You will learn the statutory and regulatory requirements for structuring GRATS and how current interest rates impact their viability.
Faculty
James A. Carolan,
Vice President, Trust and Estate Advisor
Comerica Bank Wealth Management, Grosse Pointe Woods, Mich.
He has more than 20 years of experience in estate planning, including planning for non-U.S. citizens or assets. He now works with high net worth clients across the country. He previously worked for another financial institution and for 16 years in private law practice.
Elisabeth H. Gregory,
Asst. Vice President, Trust & Estate Advisor
Comerica Bank Wealth Management, Grosse Pointe Woods, Mich.
She works with high net worth clients, addressing financial, retirement, charitable and estate planning issues and managing personal trusts. Prior to joining Comerica Bank Wealth Management, she was in private law practice for over 20 years, concentrating in the areas of estate planning & probate, closely held and nonprofit business, residential real estate and tax related matters.
Ordering
CPE on Live Event
Continuing Professional Education credit processing is available for an additional fee per person. You may register for CPE credit processing at any time before or after the program.
Field of Study: Taxes. Prerequisite: Basic knowledge of taxation. Level of Knowledge: Intermediate. Advance Preparation: None. Teaching Method: Seminar/Lecture. Delivery Method: Group-Live.
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Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CPE: Self-study CPE is not offered on online webinars.
CLE:
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Online CLE Audio $127.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CPE: Self-study CPE is not offered on recorded events.
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.
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CLE on Live Teleconference
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Program Materials
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Program Materials
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Strafford is a NASBA CPE sponsor and our live seminars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.
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