Lifetime transfers of wealth to reduce future estate taxes often require the donor to give up benefits and control over the transferred wealth. However, some trusts allow a grantor or their spouse or both to retain at least an economic interest and possibly some level of control. 

In this session, we will discuss the forms of noncharitable trusts commonly used for this purpose. Attendees will learn about gift tax issues with retained interest trusts; risks of estate tax inclusion; generation-skipping transfer tax implications; types and forms of trusts; and broader income tax implications, especially in the wake of recent tax law changes.