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Stacy Eastland: Two of My Favorite 2012 Planning Ideas – The Leveraged GRAT and the Remainder Purchase Marital Trust



Tuesday, March 27, 2012
Product Code - TMA87
Speaker(s): Stacy Eastland, Investment Management Division of Goldman Sachs & Company (Houston) and Alan S. Gassman, Gassman Law Associates, P.A.
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The current federal estate and gift tax laws have created an unprecedented opportunity for clients to engage in significant transfers of wealth without incurring gift taxes. Clients and their advisors can choose from myriad planning vehicles to transfer wealth before the current favorable federal estate and gift tax laws are scheduled to sunset on January 1, 2013.

Join Stacy Eastland and Alan Gassman on Tuesday, March 27, 2012 to learn about two of Mr. Eastland’s favorite estate planning vehicles that can be used to not only transfer significant wealth to future generations, but to also provide flexibility to address the client’s consumption needs and possible changes in future circumstances: the Leveraged Grantor Retained Annuity Trust and the Remainder Purchase Marital (“RPM”) Trust.

During the 90 minute presentation, Mr. Eastland will describe these two estate planning strategies, and how they can be extremely effective to transfer wealth, to address client needs and to provide flexibility, and Mr. Gassman will pose questions often asked by clients and practitioners with respect to this type of planning.

Discussion will also include coverage of the following topics:

  • The basics of the Leveraged Grantor Retained Annuity Trust and the Remainder Purchase Marital Trust;
  • How these strategies work to reduce estate and gift tax exposure;
  • Specialized language to enhance results using these strategies;
  • Risks to consider, and the situations for which these strategies are best suited;
  • Alternative strategies to consider; and
  • How basic and intermediate estate tax planning laws affect these techniques and other alternatives.

Mr. Eastland will provide outline materials and very informative power points. The speakers encourage attendees to provide questions. Mr. Gassman’s partners, Christopher J. Denicolo and Kenneth J. Crotty, will also join the presentation to ask questions.

Please plan to join us for this presentation on Friday, March 27, 2012, at 3:30 PM, ET.

Educational Objectives

  • Understand the techniques described above, and the associated estate tax and estate planning rules and practical considerations.
  • Review pertinent recent estate tax planning cases and IRS Rulings, and discuss the evolution and possible direction of the law affecting these strategies.
  • Understand the various alternatives for making best use of the temporary $5,120,000 gift tax exemption.
  • Become conversant with the primary rules, opportunities and limitations with respect to trust and wealth protection choices.
  • Evaluate potential jurisdictions in which to situs trusts, and the advantages of particular jurisdictions.
  • Understand the important considerations to address when drafting irrevocable trusts to receive large gifts in 2012, and the primary kinds of irrevocable trusts used for gifting and family wealth preservation.
  • Learn how the current estate tax law presents new opportunities for irrevocable trusts and other estate planning vehicles.

Stacy Eastland, Investment Management Division of Goldman Sachs & Company (Houston) and Alan S. Gassman, Gassman Law Associates, P.A.

 Stacy Eastland is Managing Director of the Investment Management Division of Goldman Sachs & Company (Houston). He joined the firm to expand the advisory team working with PWM private clients. He currently works with private clients and their own advisors with their strategic wealth management plans, combining a variety of income tax, estate planning and gifting techniques. Prior to joining Goldman Sachs in October 2000, Stacy was a senior partner with Baker Botts, L.L.P. in Houston, Texas. Stacy received his B.S. (with Honors) from Washington and Lee and his J.D. from The University of Texas (with Honors). Stacy's professional associations include: Member of the International Academy of Estate and Trust Law; Fellow of the American College of Trust and Estate Counsel (Regent for 1992/1998 term); Member of the American Bar Association (Supervisory Council Member of the Real Property, Probate and Trust Law Section from 1990-1998); Member of the Texas Bar Association (Texas Bar Foundation Fellow); Member of the Houston Bar Association (Houston Bar Foundation Fellow). Stacy is listed in Who's Who in America and The Best Lawyers in America (Woodard, White). Stacy has also been listed in Town & Country and in Bloomberg Personal Finance as one of the top trust and estate lawyers in the U.S. Articles about Stacy's planning ideas have also been featured in Forbes and Fortune magazines. Stacy is a prominent lecturer throughout the country.

Alan S. Gassman, J.D., LL.M. practices law in Clearwater, Florida. Each year he published numerous articles in publications such as BNA Tax & Accounting, Estate Planning, Trusts and Estates, and Steve Leimberg’s Asset Protection Planning Newsletters. Mr. Gassman is a fellow of the American Bar Foundation, a member of the Executive Council of the Tax Section of the Florida Bar, and has been quoted on many occasions in publications such as The Wall Street Journal, Forbes Magazine, Medical Economics, Modern Healthcare, and Florida Trend magazine. He is an author, along Kenneth Crotty and Christopher Denicolo, of the Bloomberg BNA Tax & Accounting book, Estate Tax Planning in 2011 and 2012, and an author of the book, Creditor Protection for Florida Physicians, published by Haddon Hall Publishing. He is the senior partner at Gassman Law Associates, P.A. in Clearwater, Florida, which he founded in 1987.