Do You Have Clients
Living In a High State Income Tax
Jurisdiction?

(Then listen to this!)

Earlier this month, the IRS issued Private Letter Ruling 201310002 which allowed a so-called “Nevada Incomplete Gift Non-Grantor Trust”, otherwise known as “NING”.  This is a special type of trust set up by a resident of a state with a high income tax in order to reduce or even eliminate his or her state income taxes.

This type of trust had been marketed heavily in the State of Delaware as a “DING” Trust, which now would be considered risky to do under Delaware law based on a 2012 IRS Ruling regarding gift tax issues.  With this new ruling, it now seems that Nevada is the jurisdiction of choice.   Whether you’re an attorney, an accountant, a financial planner, a life insurance advisor or a trust officer, this teleconference will give you a new tool to implement in your practice - - that almost no one else knows about and will set you apart from the competition!

Join us and two great guest speakers for a very special teleconference.  Estate planning guru William (“Bill”) Lipkind, the attorney who drafted the actual NING Trust examined by the IRS and applied for and obtained the actual PLR, will be speaking along with nationally renowned estate and asset protection planning attorney Steve Oshins (who Bill hired for the Nevada state law review of this NING Trust). Join us for a plain-English, straightforward presentation titled, “The NING Trust: Saving Significant State Income Taxes for Your Clients in High State Income Tax Jurisdictions”.

On this 60-minute program, you will learn…

  • The history of the NING Trust, including old Private Letter Ruling references and IRS problem areas
  • The basic fact pattern of the March 8th Private Letter Ruling, straight from the attorney who obtained it
  • How a NING Trust works and which clients are candidates
  • Why the NING Trust must provide protection from creditors in order to save state income taxes
  • Why there are no adverse gift taxes to the client who funds the trust
  • How the client’s existing wealth advisors can continue to invest the trust assets
  • A plain-English breakdown of the essential terms of the NING Trust so you can explain this to a potential client
  • Program Title: The NING Trust: Saving Significant State Income Taxes for Your Clients in High State Income Tax Jurisdictions
  • Speaker: ,
  • Duration: 60 minutes

Steven J. Oshins

Esq., AEP (Distinguished)
Steven J. Oshins

Steven J. Oshins, Esq., AEP (Distinguished) is a member of the Law Offices of Oshins & Associates, LLC in Las Vegas, Nevada. He was inducted into the NAEPC Estate Planning Hall of Fame® in 2011.  He has been named one of the 24 “Elite Estate Planning Attorneys” in America by The Trust Advisor and one of the Top 100 Attorneys in Worth. He is listed in The Best Lawyers in America® and was named the Las Vegas Trusts and Estates Lawyer of the Year in 2012, 2015 and 2018 and the Las Vegas Tax Law Lawyer of the Year in 2016.

Steve has been very active in helping get some of the most valuable trust and creditor protection laws passed in Nevada including the 365-year Nevada dynasty trust law, the charging order laws for Nevada limited liability companies, limited partnerships and corporations and the Restricted LLC and Restricted LP laws allowing for larger valuation discounts than any other state allows.

William D. Lipkind

J.D., LL.M. (Taxation)
William D. Lipkind

William D. Lipkind is a founding member of Lampf, Lipkind, Prupis & Petigrow specializing in taxation and estate planning. Bill was admitted to the New Jersey bar in 1967 and was admitted to the U.S. Tax Court in 1971. He served as the Law Secretary to Justice Nathan Jacobs, Supreme Court of New Jersey, 1967-1968.  Bill is a member of the Essex County, New Jersey State and American Bar Associations.  He is also a member of the Offshore Institute.  Bill’s practice areas include Estate Planning; Taxation; International Taxation; Corporate Law.

Bill authored “Protecting Assets from Creditors,” in The CPA Journal, September, 1993; “On The Road Offshore: The Struggle Between Protection of Assets and Fraudulent Conveyances,” for the N.J. Lawyer, July/August 1992; “Gallagher Revisited: The Functionally Unrelated Corporate Reorganization,” 13 Villanova Law Review 487, 1968.

Bill received his Bachelors from Cornell University in 1964, his J.D. from Harvard University in 1967, and his LL.M. in Taxation from New York University in 1972.

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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