Estate Planning for Unmarried Cohabiting Couples: Legal and Tax Issues, Best Practices for Estate Planners
Income, Gift, and Estate Tax Implications and Planning; Revocable Trusts; Retirement Accounts; Beneficiary Designations
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide estate planners a detailed analysis of key legal and tax considerations for structuring estate plans for unmarried cohabiting couples. The panel will discuss strategies to reduce income, gift, and estate tax liability and provide an analysis of key issues that arise as well as offer strategies to ensure the best results. The panel will provide guidance for using gifting, trusts, title transfers, and other options to pass assets to desired beneficiaries and the necessary directives that unmarried couples should have in place.
Outline
- Overview of planning challenges for unmarried couples
- Tax implications
- Income taxes
- Gift taxes
- Estate and inheritance taxes
- Legal considerations
- Retirement accounts
- Beneficiary designations
- Wills and trusts
- Incapacity
- State considerations
Benefits
The panel will review these critical issues:
- What are the estate planning challenges for unmarried couples?
- What are the income, gift, and estate tax implications?
- What gifting strategies are available to transfer assets to desired beneficiaries?
- What are the inequities between married and unmarried taxpayers in the estate and gift tax regime?
- Best practices for estate planners when establishing plans for unmarried cohabiting couples
Faculty
Bryan D. Kirk
Managing Director and Trust Counsel
Fiduciary Trust International of California
Mr. Kirk provides guidance on all aspects of estate planning and trust and estate administration. He has broad... | Read More
Mr. Kirk provides guidance on all aspects of estate planning and trust and estate administration. He has broad experience in multi-generational asset management and transfer planning, including estate, gift, generation-skipping transfer and income tax planning, charitable giving, philanthropy, real property matters and complex assets, such as private equity and debt. He also serves Chief Fiduciary Officer for Fiduciary Trust International of California. He regularly writes and presents on topics related to fiduciary law and estate planning.
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Anna Soliman, LL.M.
Managing Director and Trust Counsel
Fiduciary Trust International of California
Ms. Soliman most recently practiced in the tax and wealth department at Venable LLP in Los Angeles. She is experienced... | Read More
Ms. Soliman most recently practiced in the tax and wealth department at Venable LLP in Los Angeles. She is experienced in designing and preparing complex estate plans and business succession plans for high-net-worth individuals. Ms. Soliman also assisted clients in matters ranging from trust administration and probate to Internal Revenue Service audits.
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