Don’t Let the Sun Go Down on Me – Planning Ahead of the Scheduled Exemption Decreases

Many advisors believe that the current razor thin margins in Congress, paired with the recent acrimony between the political parties, will lead to an expiration of many important taxpayer friendly provisions of the Tax Cuts and Jobs Act on December of 31 of next year. The session will address that possibility in the context of certain estate tax planning strategies, which maximizing the client’s permissible retained flexibility and control.

Learning Objectives:

• Attendees will learn how a trust can be crafted to maximize the client’s permissible retained flexibility and control so as to ensure the client’s maximum possible comfort in the gifting of a substantial amounts of his or her assets into trust to utilize his or her current exemption.
• This session will examine the important question of how to best fund a gift so as to maximize the value of the transfer and minimize the risk of an audit (and a potential adjustment adverse to the donor).