Tax and Estate Planning With SLATs, GRATs, and IDGTs: Key Drafting Considerations for Counsel
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide estate planners a detailed analysis of key challenges and pitfalls to avoid when drafting SLATs, GRATs, IDGTs, and other irrevocable trusts. The panel will discuss the legal framework and key considerations for irrevocable trusts, the pros and cons of trust protectors, beneficiary control and distribution provisions, retaining settlor flexibility and access, redirecting trust assets, and other key considerations.
- IDGT advantages and applications
- Structuring the trust
- Structuring the transaction
- Structuring GRATs
- Regulatory and statutory requirements
- Impact of interest rates
- Considerations for the use of SLATs in estate planning
- Access to trust assets
- Choice of trustee
- Impact of joint property
- Building in substitution powers and options
- Tax consequences for SLATs, GRATs, and IDGTs
The panel will review these and other key issues:
- What are practical planning approaches for using SLATs, GRATs, and IDGTs?
- What drafting strategies should be used in creating GRATs, SLATs, and IDGTs?
- What seed money requirements should estate planning counsel consider?
Diedre Wachbrit Braverman
Braverman Law Group
Ms. Braverman practices in the areas of estate planning, special needs planning, asset protection, elder law and... | Read More
Ms. Braverman practices in the areas of estate planning, special needs planning, asset protection, elder law and business planning.Close
Dhar Kalsi, CPA, ABV
CPA, ABV, Managing Director, Valuation Advisory Services
Mr. Kalsi provides valuation advisory services for gift and estate tax, financial reporting, litigation support,... | Read More
Mr. Kalsi provides valuation advisory services for gift and estate tax, financial reporting, litigation support, strategic planning, and other purposes. His focus includes preparing valuations of debt and equity investments in partnerships engaged in the business of developing real estate projects financed with tax credits (e.g., Low Income Housing Tax Credits – IRC Section 42, New Market Tax Credits -IRC Section 45D, Historic Tax Credits – IRC Section 47, etc.).Close
Lawrence M. Lipoff, CPA, TEP, CEBS
With more than 30 years of experience, Mr. Lipoff specializes in the delivery of domestic and international private... | Read More
With more than 30 years of experience, Mr. Lipoff specializes in the delivery of domestic and international private client services to enable high net worth individuals and families to maximize their new or generational wealth. He provides strategic advice to his clients and their closely-held businesses in the areas of income tax planning and compliance, estate planning and administration services, consultation regarding formation of family trusts and philanthropic structures. He is a frequent lecturer and author of articles published through professional forums on topics that include preparation of 1040/1041 & 706/709 returns, IRA/pension distribution, domestic and international asset protection, business succession, generation-skipping transfers, S corporation and fiduciary taxation including foreign trusts, alternative minimum tax, Chapter 14, family limited partnerships, international estate planning and administration, grantor charitable lead trusts, captive insurance companies, private placement life insurance and carried interest estate planning for private equity and hedge fund principals.Close