Experts Show How to Design, Explain and Implement Dynasty Trusts and Maximize Benefits Under Current Federal and State Tax Law
ARLINGTON, Va., July 15, 2011 /PRNewswire-USNewswire/ -- Planners and their clients are adapting to the significant opportunities provided by the 2010 Estate Tax changes and state law developments to protect their wealth both from estate tax and potential creditor claims. A new webinar from BNA on July 26th, How to Design, Explain and Implement Dynasty Trusts and Asset Protection Trusts and Maximize Benefits Under Current Federal and State Law, offered by two of the nation's leading estate tax practitioners, provides tax advisors with very interesting opportunities, and a new synergism between business and tax purposes that can cause exiting opportunities for all concerned.
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In 60-90 minutes, Alan S. Gassman and Steven J. Oshins will cover:
- Advising Clients on Optimum Use of the $5,000,000 Gift Exclusion.
- Using Income Tax Disregarded Trusts.
- How and When to Make a Grantor a Beneficiary.
- Complete Gift Versus Incomplete Gift Trusts.
- Learn why asset protection planning is so important.
- When to use home state trusts, out-of-state trusts and offshore trusts and why.
- Hear about the differences among the state laws so you know which jurisdiction to select for your trusts.
- Go through the Nevada Asset Protection Trust and Double Nevada LLC strategy to create belt and suspenders structuring for potential creditors.
- Converting Traditional Asset Protection Trusts into Completed Gift Trusts.
- Designing Subsidiary Entity Structures, Including Limited Partnerships, LLC's and Recent State Law Planning Opportunities.
Educational Objectives
- Review the primary kinds of irrevocable trusts used for gifting and family wealth preservation.
- Become conversant with the primary rules, opportunities and limitations with respect to trust and wealth protection choices
- Know how to convert "asset protection" trusts to gift and estate tax complete dynasty trusts, and what jurisdictions work best for this.
- Understand the mechanics of the Double Nevada LLC strategy and other effective wealth protection techniques and how they dovetail with estate tax planning under the temporary $5,000,000 gifting exemption.
About the Speakers
Steven J. Oshins is a member of the Law Offices of Oshins & Associates, LLC in Las Vegas, Nevada. He was voted into the NAEPC Estate Planning Hall of Fame® and will be inducted in 2011. He has authored numerous estate planning and asset protection articles in magazines including Tax Management Estates, Gifts and Trusts Journal, Estate Planning, Trusts & Estates, Probate & Property, and many others. He is also a frequent lecturer nationally on advanced estate planning and asset protection techniques, including lecturing at the Heckerling Institute on Estate Planning.
Steve has been very active over the past decade in helping get some of the most valuable trust and creditor protection laws passed in the state of Nevada. In the 2001 legislative session, he co-authored Nevada's charging order law for limited liability companies and limited partnerships, making the charging order the exclusive remedy for a judgment creditor under Nevada law. In the 2005 legislative session, he authored Nevada's 365-year rule against perpetuities law that now allows people to set up 365-year dynasty trusts in Nevada. Most recently he authored a law creating a new form of business entity called the Restricted LLC and Restricted LP in the 2009 legislative session making Nevada the first state to offer these favorable laws that allow for significantly higher valuation discounts than are allowed under any other state law.
Steve has been featured and/or quoted in many media publications including, among others, The Wall Street Journal, Forbes, Bloomberg, Financial Times, and Kiplinger's. He was interviewed by former Good Morning America Co-Host Joan Lunden for a dynasty trust DVD that has been distributed nationally by financial planners and life insurance agents since early 2009.
Alan S. Gassman, J.D., LL.M. practices law in Clearwater, Florida. Each year he published numerous articles in publications such as BNA Tax & Accounting, Estate Planning, Trusts and Estates, The Journal of Asset Protection, and Steve Leimberg's Asset Protection Planning Newsletters. Mr. Gassman is a fellow of the American Bar Foundation, a member of the Executive Council of the Tax Section of the Florida Bar, and has been quoted on many occasions in publications such as The Wall Street Journal, Forbes Magazine, Medical Economics, Modern Healthcare, and Florida Trend magazine. He is the senior partner at Gassman, Bates & Associates, P.A. in Clearwater, Florida, which he founded in 1987.
How to Design, Explain and Implement Dynasty Trusts and Asset Protection Trusts and Maximize Benefits Under Current Federal and State Law will take place July 26, 2011, from 12:30 PM - 2:00 PM, ET. To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bna.com/domestic-asset-protection-w12884902432/?open&cmpid=tmtxpr2011 or call 1-800-372-1033, menu Option 6, then Option 1.
To receive automatic, email notification of upcoming BNA webinars that may be of interest to you, go to: http://www.bna.com/emailsignup.htm
About BNA Tax & Accounting Webinars
BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. Designed for today's busy practitioners, our webinars offer the same expertise and relevance that are the hallmark of all BNA Tax & Accounting resources. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits - all from the convenience of their own office or conference room.
SOURCE BNA Tax & Accounting
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