Planning for Deductions in Trusts and Estates: Excess Losses on Termination, Distributions, Charitable Contributions
Recording of a 110-minute CPE webinar with Q&A
This webinar will explain how planning for deductions of trusts and estates can significantly reduce taxes paid by these entities and their beneficiaries. Our panel of trust and estate attorneys will guide trust and estate advisers through planning for distributions, charitable deductions, and excess deductions on termination, focusing on allocating and timing these valuable deductions to minimize tax liability.
Outline
- Planning for deductions in trusts and estates: introduction
- Distributions
- Charitable deductions
- Excess losses on termination
- Trusts
- Estates
- Reporting deductions
Benefits
This webinar will review these and other critical issues:
- Planning for excess deductions on termination to maximize tax savings
- Steps to ensure a trust's or estate's charitable contribution is deductible
- Reporting excess deductions on termination
- Allowable deductions under IRC Section 67(e)
Faculty
Gregory V. Gadarian
Partner
Gadarian & Cacy
Mr. Gadarian's practice focuses on tax strategy, estate planning and asset protection law. Previously, he was a... | Read More
Mr. Gadarian's practice focuses on tax strategy, estate planning and asset protection law. Previously, he was a Legislation Attorney on the staff of the Joint Committee on Taxation, U.S. Congress. Before that, he was an Attorney-Advisor to Judge Cynthia H. Hall of the U.S. Tax Court. He is the former Arizona State Chair of the American College of Trust and Estate Council, and is an Adjunct Professor at the University of Arizona College of Law.
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T. James Lee
Director
Fennemore Craig
Mr. Lee advises clients in estate planning, private wealth law, tax and business law, international matters, and real... | Read More
Mr. Lee advises clients in estate planning, private wealth law, tax and business law, international matters, and real estate and commercial transactions. He also counsels business founders and their families on matters of family governance, privacy, and issues of especial importance to high-profile and ultra-high net worth families and individuals.
Mr. Lee leads our family office and private client attorneys, a specialized group of advisors providing multidisciplinary resources and bespoke solutions for sensitive and pressing family concerns, values-based wealth transfer, and business succession. Leveraging his background in business, economics, and accounting, he assists clients with the structuring and implementation of trusts (such as dynastic IDGTs, GRATs, DAPTs, INGs, QPRTs, CRTs, CLTs, silent/quiet trusts, and aircraft trusts), family offices, private trust companies, family limited partnerships, LLCs, corporations, private foundations, and other sophisticated tax and investment vehicles and techniques. Coming full circle, he advises trustees and executors on their fiduciary responsibilities and tax implications in the administration and distribution of trusts and probate estates.
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