The Effect of Changes in Income Tax Rates on Estate Planning
Cost: Members $25, Guests $50
Speaker: Steven B. Gorin
Topic: The Effect of Changes in Income Tax Rates on Estate Planning
About the talk: We will discuss how to make trusts more income tax-efficient, including ways to shift income from trusts to beneficiaries when beneficiaries have lower rates, with or without making distributions to them. Learn how to obtain a basis step-up on an existing value while shifting growth – or perhaps get a basis step-up on growth while controlling estate tax exposure. Hear how life insurance on a child can help a parent benefit from tax-free growth while obtaining a basis step-up at death.
CPE
For information regarding program complaint or cancellation policies, please contact our offices at 314-520-3564
Members will register by accepting the electronic invitation. If you are unable to attend please decline the electronic invitation.
Estate Planning Council of St. Louis is a registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Learning Objectives
Upon completion of this course you should be able to:
- Make trusts more income tax-efficient, including ways to shift income from trusts to beneficiaries when beneficiaries have lower rates, with or without making distributions to them.
- Know how to obtain a basis step-up on an existing value while shifting growth – or perhaps get a basis step-up on growth while controlling estate tax exposure.
- Use life insurance on a child to help a parent benefit from tax-free growth while obtaining a basis step-up at death.
Deliver Method: Group-live setting
Earn 1 CPE credit for this session
Field of Study: Taxes
Program Level: Intermediate
Who should attend? Everyone at all levels should attend.
Speaker bio: Steven B. Gorin is a partner at Thompson Coburn LLP. He practices trust & estate law and helps owners structure their closely-held businesses. Gorin has practiced law for over 21 years and practiced accounting for 8 years before that. He is a member of the Business Planning Committee and the Employee Benefits in Estate Planning Committee of the American College of Trust & Estate Counsel, is vice chair of the Committee on Governmental Submissions for the American Bar Association’s Real Property, Trust & Estate Law Section, and is a member of the Professional Learning & Networking Committee of the St. Louis Chapter of the Missouri Society of CPAs. Attendees are welcome to email Gorin at sgorin@thompsoncoburn.com to obtain a PDF of over 850 pages of materials on income tax and estate planning for business owners, including significant portions devoted to the 3.8% tax on net investment income, fiduciary income taxation, and the trade-off between income and estate tax. For more details on Gorin, see www.thompsoncoburn.com/people/find-a-professional/steven-gorin.aspx.
