This program, sponsored by the Estate Planning and Probate Law Section, features updates on legislation, proposed legislation, highlights of cases decided that affect wills, trusts and many other areas, as well as income tax planning for estates and charitable planning after the 2017 Tax Act. Participants will also learn about different types of trusts that can be used for reducing income tax concerns.
With the dramatically increased estate tax exemption, less and less planning revolves around the estate tax since it now affects so few people. As such, income tax planning for estates is now the most important planning for the majority of estate planning clients and we will cover some of the most common issues and solutions.
Integrating estate planning with long-term care planning for trusts that are not just for the rich. Different types of trusts that can be used for reducing income tax concerns. This session will focus on tips and strategies regarding the various options for your clients.
The Tax Cuts and Jobs Act of 2017 made major changes to the country’s tax laws. While the legislation will potentially simplify the filing process for millions of Americans, it may also complicate giving strategies for many who have historically deducted charitable contributions. This session will provide an in-depth look at topics affecting these contributions such as charitable IRA rollovers, legacy IRAs, lifetime CRATs, charitable gifts from trusts and estates, the private foundation investment tax and donor-advised funds in context of the new legislation to help advisors align donor’s philanthropic desires with new giving strategies and opportunities.
This session will feature updates on legislation enacted within the last year, proposed legislation for the current legislative session and highlights of cases decided that affect the wills, trust, guardian, conservator, probate and trust administration areas.