With the much higher estate tax exemption, you need to…
Re-Tool Your New Planning
(and Re-Write Many Old Plans)!
The drastically increased exemption ($5-34 million single, $10.68 married) has radically changed the way you should now be planning for 95% of your clients - -- those with estates under $10 million and there are two pieces of good news that accompany this change. First, the “new” planning only requires you to tweak or “re-tool” what you’re already doing. Second, once you re-purposed your old planning, you’ll have a tremendous opportunity - - to rewrite many existing plans out.
You’ll need to know:
- How traditional Bypass/QTIP trust planning has been turned on its head
- How to evaluate the trade-off of basis stepup vs. estate tax savings
- What new provisions you should include in Bypass trusts
- What new features you should now include in Durable Powers of Attorney and Health
- Including overlooked planning for non-tax, religious, and health issues.
- How Crummey powers should now be handled (or even eliminated!)
- Why to use a multi-purpose ILIT or “MILIT” as the keystone of many estate plans
- New and creative ways to approach planning in decoupled states
- Non-qualified disclosures, 2519 disclosures, gifts to DAPTs and more!
Join us and Martin Shenkman, JD, CPA, MBA for a special 90-minute program, entitled “Planning for the Under $10M Estate: The New Paradigm Will Be Different than the Traditional Bypass/QTIP Planning”.