While no one can predict the 2020 election, there is a possibility of a shift of control in Washington to consider.
In addition, changes in demographic trends, and increasing elder financial abuse, the challenges to estate planners have become ever more complex. This Webinar will explore various planning strategies that practitioners may employ to help clients capitalize on the estate tax environment created by the 2017 tax act, with consideration of these newer developments and trends affecting income tax planning, asset protection planning, drafting conventions and more.
Planning before 2020 Election
Consider Modifying Planning in Light of Possible Democratic Estate Tax ; Use Temporary Exemptions Before they Disappear; No Clawback; Perhaps, Only One (Not Both) Spouses Should Make Gifts?; Variations of Domestic Asset Protection Trusts (“DAPTs”) May Be Vital for Moderate Wealth Clients to Preserve Exemption; Create New Grantor Trusts to Freeze Estate Values and Enhance GST Benefits; Use Non-Grantor Trusts for Planning Benefits; Use Non-Grantor Trust for Asset Protection Planning for Moderate Wealth Physician Clients; Create a Non-Grantor Trust for Charitable Contribution Deductions for Moderate Income Client; Converting/Toggling from Grantor to Non-Grantor Status; Non-Grantor Trusts with Spousal Access Without Tainting Non-Grantor Status; Don’t Dismiss Using Non-Grantor Trusts to Enhance 199A; Not Every Trust Should be a Non-Grantor Trust.
State Income Taxation of Trusts
Reconsider Existing and Future Trust Planning in Light of the Broader Implications of Kaestner; Create a Non-Grantor Trust in a Trust Friendly State to Save State Income Taxes; Proactively Restructure Trusts and Fiduciary Positions; New Spin on the Beneficiary Defective Irrevocable Trust (“BDIT”) to Save State Income Taxes.
Aging and Longevity
Factor Life Expectancy of Wealthy Clients into planning.
Speakers
Michael L. Graham is Chairman of InterActive Legal and practices law with the Houser Firm in Dallas, Texas.
Mike has been continuously Board Certified in Estate Planning and Probate by the Texas Board of Legal Specialization for 40 years. He became a full partner at age 30 in one of the largest, most respected law firms in the US, Baker & Botts, and became a Fellow of the American College of Trust and Estate Counsel at age 34. MIke has served as Chair of the Texas Bar Association’s Real Property, Probate and Trust Law Section, the Houston Bar Association’s Probate Section, and the Dallas Bar Association’s Probate Section. Other professional contributions include Supervisory Council Member of the American Bar Association’s Real Property, Probate and Trust Law Section and President of the Texas Academy of Probate and Trust Lawyers.
In his practice at the Houser Law Firm, Mike limits his current focus to matters involving business and estate planning, administration of estates and trusts, and fiduciary based litigation. He has practiced at both large, international firms and small boutique firms over the last 44 years. He received his J.D., cum laude, from Baylor School of Law (1972), and his BBA from Baylor University (1971).
Sean P. Healy, Esq. is an attorney in private practice. He has presented numerous continuing legal education seminars on Firearms Law and National Firearms Act Trusts to both judges and lawyers, and has given televised interviews on firearms matters and other subjects. He is also a concealed handgun instructor and an NRA-Certified Instructor and Training Counselor, with multiple certifications.
Mr. Healy’s law practice focuses on business law, civil litigation, family law, representation of property owners’ associations, and firearms and aviation matters. He is a co-author of The Legal Guide to NFA Firearms and Gun Trusts: Keeping Safe at the Range and in the Courtroom – The Definitive Guide to Forming and Operating a Gun Trust, and a co-author of InterActive Legal’s Firearms Trust Planning drafting system.
