Early Termination of Charitable Remainder Trusts: Tax Consequences and Planning Opportunities
Drafting Provisions That Allow Termination; Navigating Methods of Termination, State Law Considerations and Tax Complexities
Recording of a 90-minute premium CLE/CPE webinar with Q&A
This CLE/CPE course will provide tax counsel and advisers with a detailed and practical guide to the early termination of charitable remainder trusts (CRTs). The panel will discuss the reasons for terminating a CRT early, drafting questions and provisions that allow for early termination of a CRT, methods of termination, state law considerations, and tax consequences and planning opportunities arising from termination of a CRT.
- Reasons to consider termination
- Forms of terminations (assignment termination vs. actuarial split)
- State law factors and restrictions
- IRS position on terminations
The panel will discuss these and other key questions:
- When is it appropriate to consider early termination of a CRT?
- What are the available methods for terminating a CRT?
- What types of terminations will run afoul of IRS regulations?
- What are the state law considerations in terminating a CRT?
Seth R. Kaplan
Mr. Kaplan concentrates his practice in the areas of personal tax, planned giving, and estate planning for high... | Read More
Mr. Kaplan concentrates his practice in the areas of personal tax, planned giving, and estate planning for high net worth individuals. He has been involved in planning and coordinating charitable gifts, and works with family businesses dealing with issues including family succession planning, post-mortem planning and securities issues as they relate to estate planning. He lectures on topics that focus on high impact charitable planning and cross border estate planning.Close
Brian M. Sweet, Esq.
Patterson Belknap Webb & Tyler
Mr. Sweet counsels clients on the design and implementation of sophisticated estate plans, includingdrafting... | Read More
Mr. Sweet counsels clients on the design and implementation of sophisticated estate plans, includingdrafting wills, trusts and other entities designed to accomplish lifetime transfers in a tax-efficient manner. His practice encompasses a wide range of issues relating to charitable giving, developing and negotiating planned gifts and bequests (including gifts through charitable lead and remainder trusts), counseling fiduciaries in the administration of estates with substantial charitable interests (including interests of private foundations), and advising charitable organizations with respect to their restricted gifts. He also structures innovative solutions to help donors, fiduciaries and family offices accomplish both tax and non-tax goals in the administration of estates and family trusts.Close