Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, December 26, 2008

Planning during difficult economic times CLE


The American Bar Association Section of Real Property, Trust and Estate Law and the ABA Center for Continuing Legal Education are sponsoring a teleconference and live audio webcast on January 21, 2009 entitled Estate and Related Planning During Economic Turmoil.

Here is a description of this program:

The markets are in turmoil. Daily Dow movements make roller coasters look tame. Tax, business, economic, and investment matters have all become extraordinarily uncertain. Every aspect of estate planning has been affected, as well as ancillary planning implications.

There are, however, always silver linings in difficult times.  Now is the time to rethink your clients’ needs and plans to position them for future success. All aspects of estate planning should be reevaluated in the current environment.  This program will provide a review of various points and discuss several related topics and their impact on estate planning. No one program can be complete, but this one will at least stimulate ideas about addressing the issues estate planning attorneys currently face in helping their clients. Listeners will learn how to help their clients take control of their affairs in the current economic climate and be at a better place in the months and years ahead.

The program will highlight: estate planning, charitable planning, closely held business planning, financial planning, special needs planning, and matrimonial planning.

The program will cover the following topics:

  • Short-term rolling versus long-term GRATs and the implications to GRAT immunization
  • Late allocations of GST Exemption
  • Valuation and discounts – impact of market conditions and whipsaw on distributions from GRATs/IDITs
  • Power to adjust – issues when addressing trust portfolio declines.
  • How to control what can be controlled, instead of worrying about what cannot.
  • The necessity of a team approach – involving multiple advisers to achieve better results, especially since the playing field has changed in so many disciplines so rapidly.


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