Gifting Strategies: Leveraging Your Clients' Gift Tax Exemption Now and Planning for 2026 and Beyond

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Tuesday, November 1, 2022

Recorded event now available

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Course Materials

This webinar will take a fresh look at gifting strategies that will help clients maximize the use of their gift tax exemption in the current estate planning environment. Our expert panelists will provide an overview of gifting methods, including using the annual exclusion, gift-splitting, GRATS, net and net-net gifts, gifting-up, and gifting a deceased spouse's unused exemption, as well as discuss planning for 2026 when the gift tax exemption may return to $5 million.

Description

For high net worth individuals, gifting is critical to an estate planning strategy. With the federal gift tax exemption at an all-time high of $12.06 million (2022), now is the time to leverage the heightened gift tax exemption.

Lifetime gifting removes future appreciation from an estate, protects creditors, and allows the taxpayer to transfer assets to desired beneficiaries. Estate planning advisers must weigh the trade-offs between gifting and achieving a basis step-up at death, including how to accomplish both. Significant tax savings may be achieved when these strategies are correctly implemented in the right situation.

Listen as our expert panel explains various gifting strategies, when to implement each, and the risks and rewards of each option.

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Outline

  1. Gifting strategies: introduction
  2. Gifting vs. achieving step-up in basis
  3. Proposed clawback regulations
  4. Annual exclusion and gift-splitting (including 529s and 2642(c) trusts)
  5. Net and net-net gifts
  6. How to structure and maximize the use of GRATs
  7. Gifting-up and other transfers
  8. Gifts to lifetime QTIP trusts
  9. Planning with grantor trusts

Benefits

The panel will review these and other essential issues:

  • Recognizing clients who will benefit from gifting strategies
  • Proposed clawback regulations
  • Implementing GRAT strategies
  • Benefits of net and net-net gifting

Faculty

Curatolo, Kristen
Kristen A. Curatolo
Partner
Kirkland & Ellis

Ms. Curatolo focuses her practice on wealth transfer planning, business succession planning, and charitable giving. She...  |  Read More

Handler, David
David A. Handler, P.C.
Partner
Kirkland & Ellis

Mr. Handler concentrates his practice on trust and estate planning and administration, representing owners of closely...  |  Read More

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