Structuring Joint Exempt Step-Up Trusts: Evolving Tool to Maximize Step Up in Basis
Leveraging Opportunities, Navigating Complexities, and Preserving the Estate Tax Exemption With Tax-Advantaged JESTs
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE course will prepare estate planning counsel to use an estate planning tool specifically for estate tax exemption and income tax basis step-up preservation. Our experienced panelists will outline practical drafting techniques and explain ambiguities and risks in taking advantage of stepped-up basis.
- Basis step up preservation techniques
- Exemption preservation techniques
- Applicability of IRS Technical Advice Memorandum
- Applicability of IRS Private Letter Rulings
The panel will review these and other key questions:
- What are the best practices for structuring a JEST?
- What drafting techniques must be implemented to maximize basis step up at both the first-to-die and surviving spouse’s deaths?
- What is the IRS guidance on this tool offered through the Technical Advice Memorandum and Private Letter Rulings?
- Under what circumstances is the JEST most appropriate?
Christopher J. Denicolo
Gassman Law Associates
Mr. Denicolo is a Florida State Bar Certified Legal Specialist in Estate Planning and a member of the Florida State Bar... | Read More
Mr. Denicolo is a Florida State Bar Certified Legal Specialist in Estate Planning and a member of the Florida State Bar Association and the Clearwater Bar Association. He is a contributing author to Leimberg Information Services and for The Florida Bar Journal.Close
Alan S. Gassman
Gassman Law Associates
Mr. Gassman is a Florida State Bar Certified Legal Specialist in Wills, Trusts and Estates Law and a member of the... | Read More
Mr. Gassman is a Florida State Bar Certified Legal Specialist in Wills, Trusts and Estates Law and a member of the National Association of Estate Planners and Councils. He has authored more than 200 articles in national publications, symposia and law school text books on physician planning, estate tax planning and income tax issues, problems and solutions. He is a contributing author for Leimberg Information Services and the National Association of Estate Planners and Councils.Close
Edwin P. Morrow, III, Esq.
Director, Wealth Transfer Planning and Tax Strategies
Key Private Bank Family Wealth Advisory Services
Mr. Morrow advises high net worth private banking clients on tax, trust and estate planning matters. He previously... | Read More
Mr. Morrow advises high net worth private banking clients on tax, trust and estate planning matters. He previously maintained a private law practice in Cincinnati and Springboro, Ohio, working in taxation, probate, estate and business planning. He is a certified specialist in estate planning, probate and trust law through the Ohio State Bar Association. Mr. Morrow frequently contributes his expertise to lectures and publications analyzing estate planning issues.Close