Leveraging Defined Value Clauses to Mitigate Estate and Gift Tax
Drafting Formula Clauses and Donee Selection Post-Petter
Recording of a 110-minute CLE/CPE webinar with Q&A
This CLE course will provide guidance on using defined-value clauses in estate planning, estate administration, and intra-family sales, offer examples of Petter-type clauses, analyze pros and cons of alternative recipients for excess value, and discuss strategies for dealing with risks of IRS challenges.
- Defined value clauses
- Case law
- Statutes and regulations
- Uses of defined value clauses
- Alternative recipients for excess value under Petter-type formula allocation
- Public charity
- Donor advised fund
- Private foundation
- Intervivos QTIP
- Strategies for dealing with IRS challenges
- Documenting transactions
- Decisions about reporting transactions on gift tax returns
The panel will review these and other key questions:
- How can defined-value clauses best be used in estate, gift and inter-family sale transactions?
- What are the best strategies to avoid invalid disclaimers?
- What provisions should be included in trust agreements and purchase agreements?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
He concentrates his practice in estate planning, taxation, and estate and trust administration. He is a Fellow of the... | Read More
He concentrates his practice in estate planning, taxation, and estate and trust administration. He is a Fellow of the American College of Trust and Estate Counsel, and serves on the American Bar Association Section Council. He recently served as Chair of the Wealth Planning and Nontax Issues Group of the Probate and Trust Division of the Section of Real Property, Probate and Trust Law.Close
Susan M. Holzman
Orloff Lowenbach Stifelman & Siegel
Her focus is on tax and estate planning, including business succession planning, generation-skipping transfer tax... | Read More
Her focus is on tax and estate planning, including business succession planning, generation-skipping transfer tax planning, and the implementation of gift programs, life insurance arrangements, and intra-family sales. She is a Fellow of the American College of Trust and Estate Counsel and is on the Board of Consultors of the New Jersey Bar Association Real Property, Trust and Estate Law Section.Close
David J. Slenn
He is Co-Chair of the ABA's Asset Protection Planning Committee. He speaks nationally on the topic of asset protection... | Read More
He is Co-Chair of the ABA's Asset Protection Planning Committee. He speaks nationally on the topic of asset protection planning and was featured in publications such as Bloomberg Law Reports, Leimberg Information Services and the ABA's Probate & Property magazine. He has more than eight years of experience in estate planning, life insurance planning, trust and estate settlement, and taxation.Close