Financial Assets Series
This year’s Institute features a series of programs on Financial Assets. The series will examine planning strategies that can lower potential transfer taxes and reduce the net tax effect of a sale of assets, explore the use of life insurance as an asset class, compare planning with SCINs and private annuities, and focus on planning for retirement benefits.
Tuesday, January 13, 2015 (10:55 – 11:45 a.m.)
Planning for the 0.2% as if They Were Part of the 99.8%: Some of the Best Planning Strategies We See that Reduce Both Income Taxes and Estate Taxes
S. Stacy Eastland
The presentation will focus on planning strategies that lower the taxpayer’s potential transfer taxes and reduce the net tax effect a sale of any assets subject to estate planning may have, including: various borrowing, location, disregarded entity, grantor trust, QSST, DSUE, mixing bowl and charitable planning strategies. The presentation will also explore various strategies that reduce a complex trust’s income taxes, indirectly benefit grantor GST trusts with a Roth IRA conversion, and enhance the basis of a surviving spouse’s assets.
Tuesday, January 13, 2015 (2:00 – 2:50 p.m.)
SCINs and Private Annuities: Disappearing Value or Disappearing Strategies?
Steve R. Akers
For clients with “shortened” life expectancies, planners often consider sales for self-canceling installment notes (SCINs) or private annuities. Both of these strategies have come under IRS attack in recent cases. The underlying viability of these strategies, the tax effects (income, gift and estate tax) of these strategies, and practical planning considerations are addressed.
Wednesday, January 14, 2015 – Special Session I-B (2:00 – 3:30 p.m.)
Planning with SCINs and Private Annuities – Seizing Opportunities While Navigating Complications
Steve R. Akers, N. Todd Angkatavanich, Melissa J. Willms
SCINs and private annuities offer tremendous potential opportunities, in light of taxpayers’ ability to “self-select” when to use these strategies and various planning flexibilities. But these strategies also involve a host of complicated tax rules and requirements through which the planner must navigate. The panel will focus on practical planning issues and strategies.
Wednesday, January 14, 2015 – Special Session II-A (3:50 – 5:20 p.m.)
Planning Strategies That Reduce Both Income Taxes and Estate Taxes
S. Stacy Eastland, Steven B. Gorin, Ellen K. Harrison
If a basis enhancing strategy is not used, the panel will explore the break-even growth rate that is required before it is more advantageous to give away a low basis asset. The panel will also focus on the advantages and considerations of different basis enhancing strategies that could be used with estate planning including: various borrowing, disregarded entity, grantor trust, QSST, DSUE, mixing bowl and charitable planning strategies. The panel will also explore strategies that reduce a complex trust’s income taxes and enhance the basis of a surviving spouse’s assets.
Wednesday, January 14, 2015 – Special Session II-D (3:50 – 5:20 p.m.)
Life Insurance as an Asset Class
Lawrence Brody, Mary Ann Mancini, Charles L. Ratner
This panel will discuss planning with life insurance in a post-ATRA world, including life insurance as an investment, reassessing the need for estate liquidity, techniques for paying large premiums on trust-owned policies, managing existing policies and programs, and addressing issues with existing policies in ILITs.
Thursday, January 15, 2015 – Fundamentals Program (2:00 – 5:20 p.m.)
The 201 Best & Worst Planning Ideas for Your Client’s Retirement Benefits
Natalie B. Choate
Our clients are bombarded with schemes to reduce the taxes on their retirement plans. Some are tried and true techniques that should not be overlooked. Others are off the wall and should be avoided. Some definitely don’t work, some definitely do work, and some are yet to be tested...and they’re all here!