Community Property Rules in Estate Planning: Trusts and Third-Party Transactions
Transfers of Property to Avoid Community Property Issues, Partition Transactions and Funding of Trusts, Crummey Provisions
Recording of a 90-minute CLE video webinar with Q&A
This CLE webinar will provide estate planners guidance on utilizing trusts and third-party transactions to avoid the application of community property laws. The panel will discuss types of trusts, recent court cases, powers of appointment, agreements for periodic partition and funding, and Crummey provisions, as well as consider key issues for community property rules in estate planning.
Outline
- Types of trusts
- Recent court cases
- Trusts and third-party transactions and agreements
- Best practices for estate planners
Benefits
The panel will discuss these and other key issues:
- What are the key estate planning considerations involving community property?
- What are the benefits and challenges of the characterization of assets?
- What states have community property rules or elections?
- How can trust and third-party transactions be used to avoid community property rules?
- What are the challenges of periodic partition and funding agreements?
Faculty
Jessica Kaplan
Attorney
Withersworldwide
Ms. Kaplan focuses her practice in estate planning for high net worth clients, families and multiple-adult households,... | Read More
Ms. Kaplan focuses her practice in estate planning for high net worth clients, families and multiple-adult households, including lifetime and post-mortem gifting, wealth transfer planning and employing estate, gift and generation-skipping transfer tax saving techniques. She also advises clients on all aspects of trust administration and probate matters. Prior to joining Withers, Ms. Kaplan was an associate attorney with a local San Francisco boutique law firm specializing in estate planning, family law, trust administration and probate.
Close
Naomita Yadav
Partner
Withersworldwide
Ms. Yadav has a diverse and well-rounded tax background, including experience in both income tax and estate and gift... | Read More
Ms. Yadav has a diverse and well-rounded tax background, including experience in both income tax and estate and gift tax matters, which makes her particularly suited for families with existing complex trust structures. She also has experience with cross-border families as well as nuances of visa designations and the interplay with tax laws. Interestingly, her own family is situated in three continents. Ms. Yadav advises families with generational wealth in the context of changing circumstances and passage of time such as multi-generation wealth planning for family members who are beneficiaries of trusts settled by prior generations. This particular mix of experiences and knowledge enables her to act as a proficient adviser for the globally mobile high net worth family.
Close