Tax Apportionment in Estate Planning: Drafting Clauses to Preserve Dispositive Provisions
Navigating Techniques for Estate, Gift, Income, Generation Skipping Taxes and Retirement Assets
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE course will prepare estate planning counsel to draft tax apportionment clauses that preserve dispositive provisions in the client’s estate plan. Our experienced panelists will outline specific techniques for designing apportionment clauses within all tax frameworks and for retirement assets.
Outline
- Source of law
- Federal
- State
- Drafting considerations
- Estate tax
- Gift tax
- Income tax
- Generation skipping tax
- Apportionment clauses and retirement assets
Benefits
The panel will review these and other key issues:
- What drafting techniques should be implemented when creating tax apportionment clauses within the estate, gift, income and generation skipping tax regimes?
- How must state estate tax regimes be considered when drafting tax apportionment clauses?
- How do tax apportionment clauses affect retirement plan assets and what drafting techniques should be considered?
- What are the sources of law for tax apportionment?
- how does portability and/or marital trusts effects tax clauses and apportionment?
- how does distribution to grandchildren, specific bequests or charities effect tax clauses and apportionment?
Faculty
Gary D. Altman
Principal and Founder
Altman & Assoc.
Mr. Altman's practice focuses on estate planning. He is a nationally recognized estate, legacy and business... | Read More
Mr. Altman's practice focuses on estate planning. He is a nationally recognized estate, legacy and business planning authority. He is recognized by Washingtonian magazine as among the DC region’s “Best Estate Planners”. He has also been repeatedly honored as a “Top 100 Attorney” by Worth magazine and likewise recognized as a Maryland and Washington, DC “Super Lawyer”.
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David A. Berek
Partner
Handler Thayer
Mr. Berek focuses his practice on family office structuring and administration, wealth transfer planning, income tax... | Read More
Mr. Berek focuses his practice on family office structuring and administration, wealth transfer planning, income tax planning, and trusts & estates. Prior to joining his current firm, he was a Director at Credit Suisse, acting as a Family CFO in their family office group and ran their wealth planning group for the US Central Region advising clients of the private bank on family office and wealth transfer techniques. He is the editor of the two-volume treatise “Illinois Estate Planning, Will Drafting and Estate Administration Forms with Practical Commentary” and the author of “Federal Income Taxation of Decedents, Estates and Trusts”.
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Scott K. Tippett
Atty
The Tippett Law Firm
Mr. Tippett's practice focuses on wealth law, as a comprehensive and integrated approach to domestic and... | Read More
Mr. Tippett's practice focuses on wealth law, as a comprehensive and integrated approach to domestic and international estate planning, asset protection planning, business matters, and tax issues. He is the principal author of The North Carolina Wealth Law Counselor and The Wealth Lawyer, informative blogs dedicated to wealth law, estate planning, and asset protection planning issues.
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