Generation-Skipping Trusts in Estate Planning

Crafting Dynasty Trusts for Tax Savings, Providing Income to Future Family Generations and Protection from Creditors

Recording of a 90-minute CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, June 19, 2012

Recorded event now available

or call 1-800-926-7926
Course Materials

This CLE course will prepare estate planning attorneys to identify estate planning opportunities associated with generation-skipping trusts. The panel will outline the asset protection and tax savings benefits, how to structure and fund the trust, and identify provisions to consider.

Description

Generation-skipping trusts (dynasty trusts) provide important estate planning benefits. The assets that fund the trust can be protected from estate taxes and creditors. The generation-skipping transfer tax exemption can also be maximized.

Funding the trust with specific types of assets allows for the potential of tax-free growth. Life insurance should also be considered to fund the dynasty trust to provide beneficiaries with a death benefit that may not be subject to estate and other transfer taxes.

Listen as our authoritative panel of estate planning attorneys discusses best practices for maximizing the benefits of dynasty trusts, identifying the advantages of these trusts, drafting techniques and funding options.

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Outline

  1. Advantages of dynasty trusts
  2. Structuring dynasty trusts
  3. Funding options
  4. Recent strategies
    1. Sub-S corporations
    2. Crummey powers

Benefits

The panel will review these and other key questions:

  • What assets should be considered to fund a dynasty trust?
  • What tax benefits do generation-skipping trusts offer?
  • What best practices should counsel consider in drafting dynasty trust provisions?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Jackson, Donna
Donna J. Jackson
Attorney
Donna J. Jackson & Associates

Ms. Jackson's practice focuses on estate planning, trusts and estates, wills, and probate law. She is a member of...  |  Read More

Karen L. Brady
Karen L. Brady
Atty
Brady, McFarland & Lord

Her practice focuses on legacy planning, including planning for the succession of estates and businesses and protection...  |  Read More

Mary A. Akkerman
Mary A. Akkerman
Partner
Lindquist & Vennum

She practices in the areas of estate planning, wills and trusts, estate and trust litigation, guardianship and...  |  Read More

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