Unexpected Complexity of Marital Deductions

CD & Manual
  384722TMX $199.00 USD Add to Cart
Credit Details
 82 Min. Audio MP3 - No shipping cost
   384722POD $219.00 USD Add to Cart
Credit Details
What is a Podcast?

Benefits

The marital deduction is simple in concept, but often proves complex in application, particularly in the arena of trusts and their administration. This live audio conference helps the trusts and estates practitioner have a better understanding of the intricacies of marital deduction planning in offsetting the gift and estate tax, and also in the context of the generation-skipping transfer tax, and fiduciary income taxation. The audio conference also addresses the types of trust and estate administration expenses and their effect on the calculation of the marital deduction. Additionally, the selection of marital deduction formula for trust allocation purposes is discussed. Failure to understand the requirements of the marital deduction and its complex interaction with other tax concepts can result in unintended and severe gift, estate, GST, and income tax consequences. This audio conference is a launching point for the attorney who wishes to expand his or her practice into the realm of advanced estate planning and administration.


Agenda

Prerequisite Federal Tax Concepts
Marital Deduction Formula Planning
  • Pecuniary vs. Fractional Dispositions
  • Pecuniary Amount Formula
  • Fractional Share Formula
Preserving the GST Tax Exemption in Marital Deduction Trust Funding
  • Drafting Strategies
  • Powers of Appointment and Third-Party Powers
  • Severances and Marital Deduction Formula Selection
    • Valuation Issues
    • Income Tax Consequences
Related Tax Issues in Trust and Estate Administration
  • Impact of Management vs. Transmission Expenses on the Marital Deduction
  • Section 67(e) Expenses
  • IRD Issues
Examples and Conclusions

Faculty

T. James Lee, Esq., Fennemore Craig, P.C.

T. James Lee, Esq.
  • Partner and director in the Phoenix office of Fennemore Craig, P.C.
  • Practice emphasizes all aspects of trusts and estates
  • Conducts regular seminars and workshops on estate planning, tax and probate topics
  • Writer of several articles related to estate planning
  • Member of ACTEC and the ABA, Taxation Committee, and listed in Best Lawyers
  • J.D. and B.S. degrees, with honors, Brigham Young University
  • Can be contacted at jlee@fclaw.com





These Materials are Designed For

This live audio conference is designed for attorneys, presidents, vice presidents, accountants, finance directors, controllers, CFOs, financial planners and estate planners.

CD & Manual - CD Set with bound 44 page manual
Podcast - 82 Minute MP3 with 44 page electronic manual - Immediate Access and No Shipping Cost