GRATs in Estate Planning Under Current Tax Law: Structuring Considerations, Income, Gift, Estate and Generation-Skipping Transfer Tax Consequences
Opportunities and Challenges Presented by Low Interest Rates and Depressed Asset Values
Note: CPE credit is not offered on this program
A live 90-minute CLE video webinar with interactive Q&A
This CLE webinar will offer a comprehensive guide to the structuring of grantor retained annuity trusts (GRATs) under current tax law. The panel will go beyond the basics to provide specific drafting tools to avoid potentially costly mistakes and maximize GRATs' benefits. The panel will discuss client circumstances that benefit most from GRATs, tax consequences, and opportunities and challenges presented by a downed economy and depressed asset values. The panel will also discuss sample language for relevant clauses such as self-correcting features, asset substitution powers, term selection, and other key components of a successful GRAT.
Outline
- Structuring GRATs
- Regulatory and statutory requirements
- Impact of low interest rates and depressed assets
- Tax consequences for GRATs
- Gift tax implications
- Estate tax implications
- Generation-skipping transfer tax implications
- Income tax implications
Benefits
The panel will review these and other key issues:
- What are the statutory and regulatory requirements for structuring GRATs?
- How do the current interest rates and low asset values impact the viability of GRATs?
- What are effective planning approaches for using GRATs?
Faculty

Daniel R. Cooper
Partner
Morgan, Lewis & Bockius
Mr. Cooper helps individuals and families develop plans for estate and gift taxes, family business succession, and... | Read More
Mr. Cooper helps individuals and families develop plans for estate and gift taxes, family business succession, and philanthropy. Additionally, he provides counsel on the management of personal financial interests on a national and international scale. Before he came to Morgan Lewis, Mr. Cooper worked at a wealth management firm, where he advised ultra-high-net-worth individuals and their advisers. He was also a real estate attorney, providing counsel on complex commercial real estate transactions.
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Ellen J. Deringer
Of Counsel
Morgan, Lewis & Bockius
Ms. Deringer advises high-net-worth individuals on all aspects of estate planning, including federal income, estate,... | Read More
Ms. Deringer advises high-net-worth individuals on all aspects of estate planning, including federal income, estate, and gift taxation. Her practice includes advising family business owners on creative and tax-efficient family business succession planning. Ms. Deringer also advises clients on charitable giving planning.
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Emily B. Pickering
Attorney
Morgan, Lewis & Bockius
Ms. Pickering represents individuals and families in planning related to estate and gift taxes, family business... | Read More
Ms. Pickering represents individuals and families in planning related to estate and gift taxes, family business succession, philanthropy, and management of personal financial interests on a national and international scale. Prior to joining Morgan Lewis, she was an attorney advising high-net-worth clients at another firm.
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