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Marriage and Divorce in Estate Planning: Impact of Tax Reform, Planning Techniques for Counsel

Post-Divorce Treatment of Trusts, Tax Considerations in Negotiating Prenups and Divorce Settlements

Note: CPE credit is not offered on this program

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 11, 2019

Recorded event now available

or call 1-800-926-7926

This CLE course will guide estate planners, tax counsel, and advisers on the complex tax challenges for estate planning when there is a marriage or divorce. The panel will discuss a variety of tax consequences, the impact of tax reform, post-divorce treatment of trusts, and tax considerations in negotiating prenuptial agreements and divorce settlements.

Description

The tax issues that arise for estate planners and advisers of clients planning to marry or divorce can result in unintended consequences if not adequately addressed. Unique challenges, such as the implications of tax reform, treatment of trusts and other planning items, may require estate planners and advisers to amend or replace the current estate plan to reflect the client's new marital status.

When addressing any changes in the marital status of a client, practitioners must consider a variety of estate planning methods in conjunction with any issues that may arise from divorce-related documents that may derail the client's goals. Tax reform eliminated both the deduction and income inclusion of alimony payments. Also, the enactment of the new tax law also brought about indirect and less obvious changes that may affect planning for divorced or divorcing clients.

Estate planners and advisers must be knowledgeable of the impact of the application new tax rules along with their effect on trusts and negotiations of prenuptial, postnuptial and divorce settlements.

Listen as our panel discusses the application of new tax rules for estate planning for soon to be married or divorced clients, provides a critical analysis of the treatment of trusts after a divorce, and outlines essential considerations in negotiating marital agreements and divorce settlements in regards to estate planning.

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Outline

  1. Key tax considerations for estate planning for divorced or soon to be married clients
  2. Impact of tax reform: alimony, exemptions, trusts and more
  3. Negotiating prenuptial agreements and divorce settlements
  4. Post-divorce treatment of trusts and other planning items
  5. Best practices for estate planners to avoid unintended tax consequences

Benefits

The panel will review these and other key issues:

  • What tax issues can arise for estate planning purposes for soon to be married or divorced clients?
  • What is the impact of tax reform?
  • What are the key negotiating points and provisions for prenuptial agreements and divorce settlements?
  • How are trusts and other planning items treated after a divorce?
  • What are the most effective estate planning techniques for soon to be married and divorced clients?

Faculty

Goldstein, Kenneth
Kenneth A. Goldstein
Partner
Horwood Marcus & Berk

Mr. Goldstein focuses his practice on trust and estate planning for individuals and sophisticated tax planning for...  |  Read More

Handa, Christin
Christin A. Handa
Partner
Horwood Marcus & Berk

Ms. Handa concentrates her practice on estate planning and estate and trust administration.

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