Step-Up to Take Advantage of These New Laws for Your Clients.

Five common law states have enacted community property opt-in trusts for your clients to achieve a complete step-up in tax cost basis upon the death of the first spouse. Better yet – your clients don’t have to be a resident of one of these states to create a trust. Does the IRS have any issue with the strategy?  Learn the whos, whats, hows, whys – and when to use this valuable tool.

We’ll review together:

• What do these laws have in common, and what don’t they?
• Drafting tips – and pitfalls to avoid
• When should you use a community property opt-in, and when you shouldn’t
• How will the IRS react?
• Asset Allocation strategies
• What happens if the parties divorce?