Charitable Remainder Trusts: Income Tax, Inherited IRAs, Key Considerations for Trust and Estates Counsel
Mechanics of CRTs Under Current Tax Law, Deduction of Interest, Estate Tax Impact, CRAT, CLAT
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will provide trust and estates counsel guidance on utilizing charitable remainder trusts (CRTs) for income tax and estate planning. The panel will discuss the mechanics of CRTs under current tax law, deduction of the charitable remainder interest, impact on the estate tax, and key challenges for counsel. The panel will also discuss the possibility of utilizing CRTs to stretch inherited IRAs and other planning techniques.
Outline
- Applicable rules and legal framework
- Key elements of CRTs
- Types of CRTs
- Income and estate tax planning
Benefits
The panel will review these and other key issues:
- What are the legal framework and applicable rules for CRTs?
- What are the key elements of CRTs?
- What are the various types of CRTs, and what factors must be considered in determining which will provide the most benefit to clients?
- How can you properly structure a CRT for an income tax deduction and timing of trust income?
- How can you ensure gift tax efficient transfers to remainder beneficiaries?
- How can CRTs be utilized to stretch inherited IRAs?
Faculty
Andrea L. Kushner, J.D., LL.M.
Director—Wealth Strategies Group
AllianceBernstein
Ms. Kushner is a Senior Vice President and Director of the Wealth Strategies Group and is located in Bernstein’s... | Read More
Ms. Kushner is a Senior Vice President and Director of the Wealth Strategies Group and is located in Bernstein’s Los Angeles office. She works with Bernstein clients and their professional advisors to develop comprehensive wealth management and wealth transfer strategies. Before joining the firm in 2015, Ms. Kushner was a shareholder at Weinstock Manion, ALC, and a partner at Karlin & Peebles LLP, advising high-net-worth clients on estate, tax and charitable planning. She is a member of the State Bar of California, by which she has been certified as a specialist in both taxation law and estate planning, trust and probate law. Ms. Kushner was named a Southern California Rising Star and a Super Lawyer by Super Lawyers Magazine. She currently serves on the executive committee (trusts and estates section) of the Beverly Hills Bar Association and is a member of both the taxation and trusts and estates sections of the Los Angeles County Bar Association. Ms. Kushner has also served on the executive committee (taxation section) of the State Bar of California and was a former chair of the taxation section of the Beverly Hills Bar Association. She holds a BA (cum laude) in political science from the University of California at Los Angeles; a JD from the University of Southern California at Los Angeles; and an LLM in taxation law from Loyola Law School of Los Angeles.
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Mark E. Powell
Partner
Holland & Knight
Mr. Powell is an attorney and a certified specialist in Estate Planning, Trust and Probate Law with the California Bar... | Read More
Mr. Powell is an attorney and a certified specialist in Estate Planning, Trust and Probate Law with the California Bar Board of Legal Specialization in Holland & Knight's Los Angeles and Orange County offices.
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