Sales to Intentionally Defective Trusts
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Title: Sales to Intentionally Defective Trusts
Date: March 31, 2025
Time: 11:45am to 1:15pm
Speakers: Jeremiah W. Doyle IV Senior Director BNY Wealth Management
Duration: 60 minutes
About the presentation: – this program discusses the advantage of selling assets to an intentionally defective grantor trust including the four-step process used in structuring a sale to a defective grantor trust. The program walks through the basic steps necessary to establish the sale, what powers will cause grantor trust status without causing estate tax inclusion and which assets are the most efficient assets to use to achieve an estate tax freeze. After reviewing the structure of the transaction, the income, gift, estate and generation skipping consequences of using a sale to a defective grantor trust will be reviewed as well as issues that may arise in the administration of the trust.
To register for this session, go to www.epcstlouis.org and click the link for the session. CPAs - In order to be awarded the full credits, you must be responding to all three polling questions asked during the program.
The sponsor assures that the program content and program level is appropriate for the intended participants.
CE Details
Field of Study: Specialized Knowledge
Who Should Attend: Presentation is aimed at lawyers, accountants, trust officers and any other estate planning professionals who work with client families?
Program Level: Basic/Intermediate
Delivery Method: Group Live/Group Internet Based
Refunds and Cancellations: All attendees are required to register in advance. In person $25-member, $50-guest. Zoom - $20-member, $45 guest. If you reserve and are unable to attend, please cancel your reservation at least 24 hours in advance of the meeting to receive a refund or a credit for a future meeting. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 314-520-3564.
Learning Objectives CPE and CFP:
1. Learn how the lack of symmetry between the estate tax and income tax provisions of the Internal Revenue Code allow a taxpayer to freeze the value of an appreciating asset in his/her estate.
2. Learn how to achieve grantor trust status for a trust while avoiding estate tax inclusion.
3. Learn how to structure a sale to a grantor trust, what interest rate to charge on a promissory note, the gift and generation skipping tax consequences and the documents required to structure the transaction.
The sponsor assures that the program content and program level is appropriate for the intended participants.
Estate Planning Council of St. Louis is 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.nasbaregistry.org.
National Registry of CPE Sponsors Number 109467
Speaker Bio:
Jeremiah W. Doyle, IV, Esq.
Senior Director, BNY Wealth Management
Jere Doyle is an estate planning strategist and Senior Director for BNY Wealth Management. Jere is admitted to practice law in the Commonwealth of Massachusetts and before the United States District Court, United States Court of Appeals (First Circuit), United States Tax Court. He formerly served as a member of the Massachusetts Joint Bar Committee on Judicial Appointments. He is the editor and co-author of the of Preparing Fiduciary Income Tax Returns, a contributing author of Preparing Estate Tax Returns, a contributing author of Understanding and Using Trusts, a contributing author of Drafting Irrevocable Trusts in Massachusetts, all published by Massachusetts Continuing Legal Education, and a reviewing editor of the 1041 Deskbook published by Practitioner’s Publishing Company. He is also a co-author of the leading law school casebook, The Income Taxation of Trusts and Estates, published by Carolina Academic Press. Jere is a Fellow of the American College of Trust and Estate Counsel (ACTEC) and an adjunct professor of law in the Graduate Tax Program at Boston University School of Law. He is also a member of the Wolters Kluwer Financial and Estate Planning Advisory Board. Jere received a LL.M. in banking law from Boston University Law School, a LL.M. in taxation from Boston University Law School, a Juris Doctor from Hamline University Law School and a BS in accounting from Providence College. He served as president of the Boston Estate Planning Council and formerly served as a member of its Executive Committee and was a 20-year member of the Executive Committee of the Essex County Bar Association. He was named as the “Estate Planner of the Year” in 2009 by the Boston Estate Planning Council.
EPCSTL has requested approval for continuing education in the following areas: Banking, CLE, CPE, CFP
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