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Tax and Estate Planning: Impact of the Anticipatory Assignment of Income Doctrine

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.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, August 8, 2023

Recorded event now available

or call 1-800-926-7926

This CLE/CPE webinar will provide tax counsel and estate planners guidance on the impact of the anticipatory assignment of income doctrine on tax and estate planning and strategies to minimize adverse tax consequences. The panel will discuss recent cases, applicable tax rules, key issues for gifting of stocks and other interests, timing of transactions, and pitfalls to avoid for tax counsel and estate planners.

Description

The anticipatory assignment of income doctrine applies to a variety of income shifting transactions often implemented as part of an estate plan. Tax counsel and estate planners must ensure that these transactions do not run afoul of the anticipatory assignment of income doctrine.

Generally, a taxpayer cannot avoid tax liability by assigning a right to income to someone else. The anticipatory assignment of income doctrine can result in significant tax implications for transfers involving estates and trusts. Any income shifting strategies must align with the anticipatory assignment of income doctrine and not result in the reconfiguration of the transaction by the IRS to reflect the taxpayer's actual income.

Transactions of property, partnership interests, gifts of appreciated stocks, charitable gifting, and other income and tax shifting strategies must involve a careful analysis of the application of the anticipatory assignment of income doctrine and other tax rules.

Listen as our panel discusses recent cases, applicable tax rules, key issues for gifting stocks and other interests, timing of transactions, and pitfalls to avoid for tax counsel and estate planners.

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Outline

  1. Overview of the anticipatory assignment of income doctrine
  2. Challenges for trust and estate planners
  3. Income and tax shifting strategies
  4. Best practices for tax counsel and pitfalls to avoid

Benefits

The panel will discuss these and other key issues:

  • Application of the anticipatory assignment of income doctrine to various transactions
  • Impact on trust and estate planning
  • Issues for transfers of partnership interests and gifts of appreciated stocks
  • Available income and tax shifting strategies and pitfalls to avoid

Faculty

Hegji, Aaron
Aaron Hegji
Wealth Strategist/Chief Fiduciary Officer
Wealthgate Trust

Mr. Hegji assists families and their advisors in developing, implementing, and properly administering unique estate...  |  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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