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Estate Freeze Due Diligence

Learn to recognize the techniques in which it should be applied in relation to different types of estate freezes. An estate freeze is a power strategy for wealth management - but you don't have to be an insider to identify whether it's right for you or your clients. Practitioners must be diligent in utilizing this estate planning tool, however, because even the most basic estate freeze can create a minefield of potentially negative estate, income tax, and family problems. This material will outline practical applications of estate freeze techniques and their benefits, which should be weighed in light of one's expectations and business, financial, and personal goals. This content will also provide an understanding of the common implementation challenges and pitfalls that can accompany an estate freeze strategy and, just as important, ways in which those dangers can be avoided and addressed.


Runtime: 89 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of an Estate Freeze

  • Definition
  • Goals of an Estate Freeze
  • Types of Estate Freezes

Grantor Retained Annuity Trust (GRAT)

  • GRATs 101 and Example
  • Advantages and Disadvantages
  • Rolling GRATs, Staggered GRATs, Diversified GRATs

Installment Sale to a Defective Grantor Trust (IDGT)

  • IDGT 101, an Example
  • Advantages and Disadvantages
  • Income Ax Freeze Nature of the Trust

Partnership Freeze Strategies

  • Description of Technique/Example
  • Advantages and Disadvantages
  • Valuation Issues, Retained Interests

Other Considerations

  • Annual Maintenance
  • Multigenerational Dynastic Advantage
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on November 9, 2017.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

John O. McManus

McManus & Associates

  • John O. McManus' law firm celebrates its silver anniversary and was named, for the second time in four years, Boutique Firm of the Year Finalist by the Society of Trust and Estate Practitioners (STEP) – the most prominent global estate planning organization of 20,000 members
  • Received the highest rating with Martindale-Hubbell Law Directory as a practicing attorney for nearly 20 years and is named to The National Bar Register of Preeminent Lawyers for legal capability and ethical standards
  • Mr. McManus is regularly quoted as an expert in well-known publications such as the Wall Street Journal, New York Times, Forbes, Bloomberg and Trusts & Estates magazine
  • He was named one of “New York’s Leading Lawyers” by New York magazine in 2017 and New Jersey's Top Lawyers by The Star-Ledger and the New Jersey Law Journal
  • Mr. McManus is Vice Chairman of the Board of the Somerset County YMCA, one of the most prominent YMCA's in New Jersey. He is Chairperson of the Finance Council for St. James Church, among the largest parishes in the diocese. He is past Chairperson to the Estate Planning Council of Northern New Jersey, and Past Board Member for 10 years of the Harlem Dowling - West Side Center for Children and Family Services
  • Mr. McManus received his Juris Doctor from Fordham University School of Law and was associated with two of the most recognized law firms in the country, Dewey Ballantine and Jones Day
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Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 401069
Published 2017
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