Selecting Trustees and Structuring Trustee Powers: Guidance for Estate Planners on Tax and Non-Tax Consequences
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE course will explain key tax and non-tax issues estate planning counsel must consider in advising clients on trustee selection. The panel will review the trustee’s legal and fiduciary duties, explore the optimal qualities a trustee should possess, and discuss the estate, gift and income tax implications of structuring trust powers and choosing a grantor, beneficiary or other individual or entity to serve as trustee.
Outline
- Trustee selection
- Non-tax considerations
- Tax considerations
- Trustee powers
- Trustee removal and succession
Benefits
The panel will review these and other key issues:
- What tax consequences can result from naming a beneficiary as trustee?
- What limits on powers will allow a grantor to serve as trustee without causing adverse estate tax consequences?
- What are the benefits and drawbacks of corporate trustees?
- What effect does trust situs have on trustee selection?
Faculty
Sasha A. Klein, JD, LLM
Senior Vice President, Director of Trusts & Wealth Services
Sabadell Bank & Trust
Ms. Klein is an estate and trust attorney and tax attorney focusing on fiduciary risk management and trust... | Read More
Ms. Klein is an estate and trust attorney and tax attorney focusing on fiduciary risk management and trust management for high net worth individuals and families, in her position as senior vice president and director of trusts and wealth services for Sabadell Bank and Trust. She oversees the bank’s estate planning and fiduciary services group for Southeast Florida. She is a national lecturer and frequent published author on taxation, estate planning, trust law, digital assets and wealth management.
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Mark R. Parthemer
Managing Director and Senior Fiduciary Counsel, Southeast Region
Bessemer Trust
Mr. Parthemer oversees Bessemer Trust’s legacy, estate planning and fiduciary services from the Miami through... | Read More
Mr. Parthemer oversees Bessemer Trust’s legacy, estate planning and fiduciary services from the Miami through Washington, DC offices. He leads the firm's Advanced Implication Modeling Team and a planning think tank group. Mr. Parthemer has served on the faculty for the University of Miami’s Heckerling Institute, as an adjunct professor at the Widener University School of Law, and as a guest lecturer at the University of Miami School of Law’s LLM program. He is a frequent national lecturer and published author on taxation, estate planning, trust law and wealth management.
CloseJordan D. Veurink
Atty
Lindquist & Vennum
Mr. Veurink focuses his practice on all aspects of estate planning, including developing estate plans that minimize... | Read More
Mr. Veurink focuses his practice on all aspects of estate planning, including developing estate plans that minimize estate tax liability, drafting business succession agreements to implement such plans, drafting agreements as part of the formation, management, and ownership succession of limited liability companies, partnerships and corporations, and counseling clients regarding the administration and tax aspects of such entities. He also drafts South Dakota-sitused trusts, including asset protection trusts, intentionally defective grantor trusts, and beneficiary defective trusts, and amending, reforming, and decanting existing trusts.
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