Many of us see the trust protector as a panacea for any current and future problems in an existing trust. While this may be true to an extent, serious questions remain as to a trust protector’s best use and the powers we give them.

This Summit session will review the current law and relevant cases regarding trust protectors, offer a sound basis for deciding whether to declare fiduciary status, and discuss important drafting issues to keep in mind to ensure flexibility in your document and avoid common pitfalls.
 

Recent tax reform complicates strategies for tax-efficient charitable contributions. Using actual client experiences, this presentation explores practical solutions and innovative ways to help donors evaluate their options and make good decisions about tax-effective giving. During this Summit session, you will get an in-depth look at charitable individual retirement account (IRA) rollovers, legacy IRAs, lifetime charitable remainder annuity trusts, charitable gifts from trusts and estates, private foundation investment tax, donor-advised fund distribution requirements, program-related and socially responsible investments, and charitable limited liability companies.
 

Modern estate planning should include a focus on income tax planning. This Summit session will address how to create irrevocable trusts that treat the beneficiary as the grantor for income tax purposes, the so- called beneficiary deemed owner trust provisions, and how to draft an irrevocable trust to save thousands of dollars of income tax each year.
 

This session will discuss the basic rules for establishing a grantor retained annuity trust (GRAT); the use of long-term versus short-term GRATs, including short-term rolling GRATS and zeroed-out GRATs; GRATs with increasing annuities; what types of assets are most effective with GRATs; and GRAT asset allocation. The income, estate, gift, and generation-skipping aspects of GRATs will also be discussed.
 

This complimentary webinar highlights key features and best practices for drafting with Wealth Docx® , WealthCounsel’s estate planning solution.