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Estate Planning With Charitable Lead Trusts: CLATs, CLUTs, Income Taxes, GST Issues, Deductions, and More

Recording of a 90-minute CLE/CPE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
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Conducted on Thursday, July 7, 2022

Recorded event now available

or call 1-800-926-7926

This CLE/CPE course will provide guidance to estate planners on key planning strategies utilizing charitable lead trusts (CLTs). The panelist will discuss key methods for incorporating a charitable split-interest trust in an estate plan, the advantages and challenges of charitable lead annuity trusts (CLATs) and charitable lead unitrusts (CLUTs), determining when to use a grantor or nongrantor CLT, methods to maximize charitable deductions for donors, GST tax issues, and other key items.

Description

CLTs can provide significant income and estate tax advantages while also satisfying charitable intent. To ensure these advantages for clients, trusts and estate counsel must have a complete understanding of the legal framework and tax rules applicable to CLTs.

A CLT is a planning tool that can be a tax-efficient way to provide for charitable giving while also maintaining family wealth upon transfer. CLTs is a charitable split-interest trust whereas income interest is paid to a charitable organization, and the remainder interest is transferred to the donor or the donor's family.

The use of CLTs is determined based on client needs and circumstances. In addition, structuring CLTs for income tax deduction and gift-tax efficient transfers requires in-depth knowledge of complex tax rules.

Listen as William R. Hayes, Partner at Hayes & Wilson, discusses the mechanics of CLTs under current tax law and challenges for counsel, key methods for incorporating a charitable split-interest trust in an estate plan, the advantages and challenges of CLATs and CLUTs, and determining when to use a grantor or nongrantor CLT. The panel will also discuss methods to maximize charitable deductions for donors, GST tax issues, and other key items.

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Outline

  1. Applicable rules and legal framework
  2. Key elements of CLTs
  3. Types of CLTs
  4. Income and estate tax planning

Benefits

The panelist will review these and other key issues:

  • What are the legal framework and applicable rules for CLTs?
  • What are the key elements of CLTs?
  • What are the differences and challenges of CLATs and CLUTs, and what factors must be considered in determining which will provide the most benefit to clients?
  • How can you properly structure a CLT for an income tax deduction and timing of trust income?
  • How can you ensure gift tax-efficient transfers to beneficiaries?

Faculty

Hayes, William
William R. Hayes
Partner
Hayes & Wilson

Mr. Hayes is board certified in Estate Planning and Probate by the Texas Board of Legal Specialization and is a partner...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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