Name
Tax Implications of Irrevocable Trust Modifications and Early Terminations
Date & Time
Thursday, April 10, 2025, 5:00 PM - 6:00 PM
Speakers
Edwin Morrow III - Kelleher + Holland, LLC
Description
This session will discuss the transfer tax and unsettled income tax ramifications of early terminations of irrevocable trusts, whether through a nonjudicial settlement agreement, decanting, or court reformation, and when a substantial modification that changes the parties’ beneficial interests implicates the same (or worse) risks. Most importantly, we will discuss how we can get the same result with less risk and avoid being the low-hanging fruit for the Internal Revenue Service auditor.
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Course Level
Advanced
Course Focus
Trusts & Estates
Credit Type
General
Eligible CLE Credits
1.00
CLE Eligibility
Eligible for CLE credit