Given the current size of the estate tax exemption, many trust and estate attorneys must shift their focus from estate tax planning to income tax minimization for trust beneficiaries. This presentation will cover the income tax aspects and effects of both revocable and irrevocable trusts from the perspective of trust beneficiaries. The presenter will explain planning options for both grantor and nongrantor trusts and cover how planning changes after a grantor’s death. He will also discuss planning strategies—from the relatively simple to the complex—that you can implement for your current and future clients.