About the Course
Introduction
This CLE/CPE webinar will provide trusts and estates attorneys and advisers with critical planning considerations in light of the recent changes and expansions of the Tax Cuts and Jobs Act (TCJA) by the One Big Beautiful Bill Act (OBBBA). The panel will discuss the impact of the OBBBA, planning for gift and estate tax exemption changes, estate planning strategies to consider, and other key issues.
Description
Under current tax law, individuals can leave their heirs and other non-spousal beneficiaries up to $15 million at death for 2026 as provided under the recently enacted OBBBA, minus any prior gifts made during life, without federal estate tax liability. Counsel must carefully consider planning strategies and estate plan modifications under current gift and estate tax exemptions.
Trusts and estates counsel must revisit clients' estate plans to ensure the implementation of strategies to achieve their goals. Clients can accomplish this by a variety of methods, such as making gifts to utilize the current estate/gift tax exemption, using the unlimited marital deduction, charitable bequests, and other options. The goal is to reduce the value of the estate to minimize or avoid estate taxes. Generally, lifetime gifts are more tax efficient than transfers at death.
Many estate planning strategies for high net worth clients seek further tax savings by reducing the amount of the gift for tax purposes. The use of "net, net gift," GRATs, IDGTs, or other tools may produce substantial estate tax savings.
Listen as our panel discusses key considerations under OBBBA, estate planning strategies to consider, and other key issues.
Presented By
Mr. Campbell focuses his practice on representing individuals and families in strategic planning related to estate and gift taxes, philanthropy, family business succession, and management of personal financial interests on a national and international scale. Prior to joining Morgan Lewis, he worked as a law clerk for a boutique firm specializing in estate planning for international clients in Washington, DC.
Ms. Daly represents high-net-worth individuals and families, owners of privately held businesses, and executives of public companies in matters involving complex estate, trust, tax, and business succession planning. Prior to joining Morgan Lewis, she worked at a large New York law firm, counseling some of the largest and most well-known private equity fund sponsors on the formation, operation, marketing, and regulatory compliance of US and offshore investment vehicles.
Ms. Kallabat provides personal legal services to individual and corporate clients in the areas of estate planning, tax and business planning, as well as probate and trust administration. She works with individuals, families, and business owners in connection with wealth preservation and transfers, charitable giving, and business succession planning. Ms. Kallabat guides clients through the complexities of incapacity and estate planning. She also helps fiduciaries and beneficiaries navigate through the sometimes-overwhelming trust and estate administration processes.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Thursday, January 29, 2026
- schedule
1:00 p.m. ET./10:00 a.m. PT
I. Estate tax considerations for planners
II. Impact of estate tax exemptions under OBBBA
A. Planning for those without available exemptions
B. Gift vs. estate tax effective rates
C. Net, net gifts
D. GRATs and IDGTs
III. State law considerations
IV. Planning tips and best practices for trusts and estates counsel
The panel will review these and other key issues:
- What gifting strategies are available to limit or minimize gift and estate taxes?
- How can net, net gifts be used as a planning tool?
- What are the challenges of using GRATs and IDGTs?
