Top Tax Techniques, Traps, Trip Cords and Rip Cords With Multistate Trusts

Overview

Clients rely on their advisers more heavily to provide perspective and clarity as legislation and regulations evolve. Gain in-depth understanding, effective strategies and connections with expert professionals who specialize in this area.

Highlights

• New developments: Federal and California update • IRS audits of estate tax returns • New RMD rules, Roth conversions and estate planning for large retirement plans • Update from Washington regarding tax law changes • Helping your clients reduce, defer or eliminate capital gains taxes • Trust reformation and decanting update • Hot topics in international tax and estate planning and considerations for transfers to non-U.S. citizen spouses • Valuation of notes • The feasibility of using IDGTs and how you use it • Planning for changing exemption in 2025 • Flow-through entities and impact on trusts • Changing exemption panel discussion • Charitable planning • Special needs trusts

Objectives

• Understand the legal and constitutional bases upon which states tax fiduciaries • Identify key state tax liability traps for fiduciaries • Understand common multi-state planning opportunities • Evaluate and respond to proposed legislative changes