Saturday, July 30, 2011
The American Bar Association is sponsoring a 90-minute teleconference and live audio webcast on August 2 entitled More Than Just Asset Protection: How to Get Other Benefits From Asset Protection Trusts. The program information is below:
This program will address how traditional uses of asset protection trusts can be expanded to provide enhanced services to estate planning clients. Our panelists will focus on the use of completed gift trusts as an estate planning technique in light of PLR 200944002. Attention will also be given to the use of Delaware Incomplete Gift Non-Grantor Trust ("DING") and how such trusts could potentially avoid state income tax. Finally, the panel will discuss how tenancy by entirety property can be preserved and held in a trust structure under Delaware Statutory Tenancy by Entirety Trust ("STET").
Our speakers will provide:
- The basics on the tax consequences of complete and incomplete trusts.
- Expert commentary from the creator of the STET (Delaware Statutory Tenancy by Entirety Trust "STET") and how the STET can be used to provide another layer of protection while preserving the tenancy by entirety in a flexible trust structure.
- Expert commentary from the co-creator of the DING (Delaware Incomplete Gift Non-Grantor Trust "DING") and how the DING's qualification as a nongrantor, incomplete gift trust can benefit your clients.
This program is essential for estate planners ranging from beginner to advanced.