Fundamentals of Beneficiary Defective Inheritor’s Trust (OnDemand Webinar)

$199.00

SKU: 405509EAU

Description

Understand how to transfer business operations to future generations without overpaying the Internal Revenue Service using the Beneficiary Defective Inheritor Trust.
Many wealthy clients that have developed and run a family business are concerned with the transfer of that business to future generations without enriching the Internal Revenue Service because of the transfer. By using the Beneficiary Defective Inheritor Trust (BDIT), this can be accomplished using legal drafting techniques in conjunction with current law, regulations, and case rulings. The client would not lose control of their business that is required in many other planning techniques. The techniques involved require coordination between the lawyer, CPA, financial advisor, valuation expert, and the client. They are all working to affect the transfer of the business in a manner that will not expose the current and future generations to creditor problems because of lawsuits or divorce. The BDIT also has provisions which will allow for changes in the document to deal with changes in future family dynamics.

Date: 2019-05-22 Start Time: End Time:

Learning Objectives

Client’s Wish List

Set up of BDIT
• Gift by Non-Beneficiary
• Sale of Business and Trust
• Grantor Trust Rules for Taxes
• Asset Protection
• Dynasty Trust

Basis Planning

Seed Money vs. Guarantees
• 10% Rule
• Guarantees

Advantages
• Control
• Estate Tax Avoidance
• Asset Protection
• Situs Choice

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Michael W. Halloran, CFP, AEP, ChFC, CLU-Northwestern Mutual