Utilizing Lifetime QTIP Trusts in Estate Planning: Tax Issues, State Limitations, Key Provisions, and Options
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide guidance to trusts and estates counsel on utilizing lifetime qualified terminable interest property (QTIP) trusts in estate planning under current tax law. The panel will discuss critical issues and pitfalls to avoid in relation to income, gift, estate and GST taxes, state law issues, key drafting considerations, and other items to minimize tax liability and ensure multi-generational gifting and flexible long-term planning.
- Considerations for the use of QTIP trusts in estate planning
- Tax considerations under current tax law
- Potential state law challenges
- Other alternative methods for gifting and long-term planning
The panel will review these and other high-priority issues:
- What are the key considerations for the use of QTIP trusts in estate planning?
- What are the state law challenges?
- What are the critical elements when structuring QTIP trusts, and what are the pitfalls to avoid?
- What tax issues arise in the use of QTIP trusts under current tax law?
- What other methods are available for gifting and long-term planning?
James R. Daneri
Blanchard Krasner & French
Mr. Daneri focuses his practice in the areas of estate planning, taxation, and business law. His estate planning... | Read More
Mr. Daneri focuses his practice in the areas of estate planning, taxation, and business law. His estate planning practice includes formation of complex irrevocable and revocable trusts, probate, and trust administration. His taxation practice includes corporate, partnership, and individual wealth and tax planning, complex tax transactions, income and employment tax audit defense, and tax-exempt entities. His business law practice includes representation of shareholders, contracts, mergers, labor disputes, succession planning, entity maintenance, and formations.Close
John M. Hemenway
Bivins and Hemenway
Mr. Hemenway is a founding partner of Bivins & Hemenway, P.A. His educational background included substantial... | Read More
Mr. Hemenway is a founding partner of Bivins & Hemenway, P.A. His educational background included substantial coursework in computer programming and systems design at both the undergraduate and graduate levels. Mr. Hemenway serves as a trusted legal advisor to business owners, real estate investors, and families seeking to preserve and pass down their wealth and values. His practice focuses on estate planning and probate, small and closely held businesses, and real estate.Close