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BNA Audioconference Evaluates the Impact of Grantor Trusts on Competing Strategies to Transfer Wealth

NEWS RELEASE

Contacts:
Mark Carrington
(703) 341.5880
mcarrington@bna.com

Arlington, Va. (March 23, 2009) – Driven by increased attention from the IRS and a Congress looking to introduce restrictive legislation, busy tax planners are scrambling to find an IRS-approved method for transmitting wealth at a low tax cost.  “Look to the impact of grantor trusts,” says BNA Tax & Accounting Portfolio author and University of Miami adjunct law professor, Jerry Hesch.  Hesch will be sharing his expertise in Competing Strategies to Transfer Wealth, a BNA audioconference on March 30th at 12:30 pm.

“Since many common transfer tax techniques use grantor trusts, the grantor's payment of the income taxes on the trust's income can have a far greater impact on tax savings than valuation discounts and rates of return greater than the Code's minimum rates,” says Hesch.

By analyzing the impact of grantor trust status on outright gifts in trust, GRATs, installment sales, private annuity sales, SCINs and CLATs, and sensitizing the tax advisor to factors often ignored, estate planners can best choose the appropriate strategy for a particular client.

Participants will learn the following:

• Shifting more wealth free of transfer taxes: grantor trust status vs. valuation discounts vs. estate freezes
• Continuation of grantor trust status in the long run
• Techniques
• Gifts to irrevocable trusts
• GRATs
• Installment sales to grantor trusts
• Private annuity sales to grantor trusts for healthy individuals
• SCIN sales to grantor trusts
• Charitable lead trusts
1. Inter vivos CLATS
2. Testamentary CLATS
3. What powers can be used to create a grantor CLAT
• The credit shelter trust for the benefit of the surviving spouse
• Communicating Complex Tax Planning Techniques Simply
• A spreadsheet analysis
• Comparing the results of the alternative techniques
• Satisfying the five minute test

Harold W. Pskowski, BNA’s senior tax analyst on Estates, Gifts and Trusts, seconded the importance of understanding the role of grantor trusts in effective estate planning: “With increased IRS attention to valuation discounts and the likelihood that Congress will restrict discounts through legislation, tax planners should review their options carefully.”

To register for this audioconference and obtain further information about CLE and CPE credits, go to: http://tmstore.bna.com/Pagemanager.aspx?pageId=8275 or call 1-800-372-1033, menu Option 6, then Option 1. The fee is $249 for BNA subscribers, $295 for nonsubscribers.

To receive automatic, email notification of upcoming BNA audioconferences that may be of interest to you, go to: http://www.bna.com/emailsignup.htm

About BNA Tax & Accounting Audioconferences
Designed for today's busy practitioners, BNA Tax & Accounting Audioconferences offer the same expertise and relevance that are the hallmark of BNA Tax Management resources. In just 60-90 minutes, practitioners gain in-depth knowledge on a current tax or accounting topic from experts in that area -- and benefit from practical applications that can be put to work immediately. Conference attendees have the opportunity to ask the speakers questions, and may be eligible to earn CLE or CPE credits - all from the convenience of their own office or conference room.

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BNA is the leading independent publisher of print and electronic news and information for professionals in business and government. BNA produces more than 300 news services, including the highly respected Daily Labor Report, U.S. Law Week,and Daily Report for Executives. Visit BNA online at www.bna.com