Name
QPRTs, FLP, and Trust Taxes- Oh My!
Date & Time
Saturday, June 22, 2019, 9:00 AM - 10:30 AM
Speakers
Description
Qualified Personal Residence Trusts (QPRTs) (30 min)
Learn why Whitney Sorrell loves QPRTs for higher net worth and asset protection clients. This program reviews how and why QPRTs work and the rules for what to do and what not to do.
Family Limited Partnerships (FLPs) (30 min)
This program will review the court cases telling us what to do and what not to do when designing FLPs; bad fact cases are the problem so don’t be that bad fact case; design the client FLP plan for a win from the ground up.
Learn why Whitney Sorrell loves QPRTs for higher net worth and asset protection clients. This program reviews how and why QPRTs work and the rules for what to do and what not to do.
Family Limited Partnerships (FLPs) (30 min)
This program will review the court cases telling us what to do and what not to do when designing FLPs; bad fact cases are the problem so don’t be that bad fact case; design the client FLP plan for a win from the ground up.
Taxation of Trusts and Estates (30 min)
This section will give a light overview of how trusts and estates are taxed, the difference between simple and complex trusts, the difference between accounting income v. taxable income v. distributable net income, and the opportunity to make a section 645 election to treat a trust as part of the estate for tax purposes.
This section will give a light overview of how trusts and estates are taxed, the difference between simple and complex trusts, the difference between accounting income v. taxable income v. distributable net income, and the opportunity to make a section 645 election to treat a trust as part of the estate for tax purposes.
Meeting Location
Marina Room