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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Estate Planning

Date & Time
  • event Date

    Tuesday, June 9, 2020

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

$297.00

This course is $0 with these passes:

CLE
ALL

This CLE course will guide trusts and estates counsel on critical estate planning challenges and opportunities in light of the coronavirus (COVID-19) pandemic. The panel will discuss key provisions of the CARES Act, potential opportunities as a result of the decline in asset values, tax planning strategies, gifting, intra-family transactions, promissory notes, and other items to consider in creating or reexamining estate plans amid COVID-19 and the CARES Act.

Faculty

Brad Dillon
Executive Director
RBS

Mr. Dillon works with ultra-high net worth families, helping them achieve their tax, estate planning, and philanthropic objectives. He focuses on developing and implementing creative and comprehensive wealth transfer strategies that align with clients' wishes. Mr. Dillon reviews clients' tax and estate planning documents to ensure that each plan accurately and holistically reflects the family's philosophy and needs while maximizing tax efficiency.

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Shaina S. Kamen
Senior Counsel
Holland & Knight LLP

Ms. Kamen concentrates her practice on sophisticated trusts and estates matters for individuals and families. She advises clients on all aspects of estate, gift and generation-skipping transfer tax planning, and works with clients and family offices to create estate and business succession plans consistent with family goals. In addition, Ms. Kamen works with clients to build their charitable legacies by developing and administering charitable giving programs through the use of entities such as private foundations and charitable trusts. Her practice also encompasses all aspects of estate and trust administration in New York and Florida.

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Jinsoo J. Ro
Director│Wealth Planner
Citi Private Bank, LLP

Mr. Ro helps clients navigate the complexities of legacy preservation and estate planning through the use of customized wealth plans.

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Description

The spread of COVID-19 is creating unique estate planning and legal challenges. In addition, trusts and estates counsel must consider the decline in the financial markets, values of estate assets, and tax planning options when creating or reexamining estate plans to take advantage of planning opportunities in light of COVID-19.

The current state of the economy provides an opportune time to implement certain estate and tax planning techniques. Historically low interest rates make the use of GRATs, CLATs, and promissory notes more effective. Furthermore, low interest rates and reduced asset values coupled with high gift, estate, and generation-skipping transfer tax exemption levels, can result in significant tax savings with the right structures in place.

The CARES Act provides some relief related to retirement plans and the deductibility of charitable contributions. Trusts and estates counsel must understand the application of these provisions to the circumstances and current estate planning needs of clients.

Listen as our panel discusses key estate and tax planning considerations in light of COVID-19 and the CARES Act and offers planning tactics for optimum tax savings.

Outline

  1. Reexamining current estate plans in light of COVID-19
  2. Relief under the CARES Act
  3. Estate and tax planning opportunities
  4. Other issues and best practices for trusts and estates counsel

Benefits

The panel will review these and other key issues:

  • What are the primary considerations when creating or reexamining estate plans in light of COVID-19?
  • What challenges and opportunities are presented by the CARES Act?
  • What estate and tax planning techniques are available?
  • What are the legal challenges and pitfalls to avoid in creating or modifying estate plans in light of the coronavirus pandemic?