The Increased Estate and Gift Tax Exclusions
Are Now Permanent, and the JEST Might
Be the Perfect Revocable Trust Planning
Structure for Many Clients!

Many married clients in non-community property states may wish to use a Joint Exempt Step-Up Trust (JEST) to lock up considerable wealth preservation and income tax planning benefits.

The JEST may not only cause a step-up in income tax basis of all of the couple’s assets on the death of the first spouse, it may cause an additional step-up in income tax basis upon the death of the surviving spouse.  The JEST structure also preserves the assets of both spouses upon the death of the first spouse by protecting against undue influence, creditor claims and possible future estate tax liability.

Learn the nuances and advantages of the JEST structure by joining us and nationally-renowned estate planning attorneys, Alan S. Gassman and Christopher J. Denicolo, for a straightforward and practical presentation entitled, “The Joint Exempt Step-Up Trust: Wealth Protection and Income Tax Benefits for Non-Community Property State Clients”.

During this 60-minute program, you will find out:

  • Which clients should consider implementing a JEST structure
  • How does the JEST work?
  • What are the tax advantages associated with the JEST?
  • IRS guidance and Rulings regarding joint trusts
  • Other considerations in drafting joint trusts
  • How the JEST Trust provides for unique situations
  • And much more!
  • Program Title: The Joint Exempt Step-Up Trust: Wealth Protection and Income Tax Benefits for Non-Community Property State Clients
  • Speaker: ,
  • Duration: 60 minutes

Alan S. Gassman

J.D., LL.M. (Taxation), Florida State Bar Certified Specialist in Wills, Trusts & Estates, AEP (Distinguished)
Alan S. Gassman

Alan S. Gassman, J.D., LL.M. (Taxation) is a partner of Gassman Law Associates in Clearwater, Florida.  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.

Mr. Gassman graduated from Rollins College with a B.A., with distinction, in Business Administration and Accounting.  He went on to earn both his J.D., with honors, and LL.M. in Taxation from the University of Florida.  He is currently licensed to practice law in the state of Florida.  Mr. Gassman is currently a Fellow of the American Bar Association, a member of the National Association of Estate Planners and Councils, and a member of the Florida State Bar Association.  He is a former member of the Board of Advisors of the Journal of Asset Protection, a former Law and Leading Attorney, and the past President of Pinellas County Estate Planning Council.

Mr. Gassman has received numerous awards and honors, including an AV® Preeminent Peer Review RatingSM by Martindale-Hubbell® a Who’s Who in Science and Industry and Law and Leading Lawyers, and a Who’s Who in American Law.  He is also rated as a Florida Super Lawyer, a Tampa Bay Top Lawyer, and a Florida’s Trend Top 1.8% of the Best Lawyers in Florida.

Mr. Gassman 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.  He was also a contributing author for the American Law Institute-American Bar Association Practice Checklist Manual on Advising Business Clients.

Mr. Gassman is also a frequent lecturer and was the co-chairman and presenter for the Florida Bar’s annual Physician Representation seminar and the vice-chairman and presenter for the Florida Bar’s annual Wealth Conversation seminar.

Christopher J. Denicolo

J.D., LL.M. (Estate Planning), Florida State Bar Certified Specialist in Estate Planning
Christopher J. Denicolo

Christopher J. Denicolo, J.D., LL.M. (Estate Planning), MBA is a partner of Gassman Law Associates in Clearwater, Florida.  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.

Mr. Denicolo graduated from Florida State University in 2004, he earned both his M.B.A. and J.D. from Stetson University in 2007, and then earned his LL.M. in Estate Planning from University of Miami in 2008.

Mr. Denicolor is a contributing author to Leimberg Information Services and for The Florida Bar Journal.

IMPORTANT NOTICE REGARDING CE CREDIT

The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.

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