Finding Basis--It's Not Always Where You Thought It Was

Date: Monday, May 18, 2020
Time: 12:00pm - 1:15pm
Location: Missouri Athletic Club 405 Washington Avenue St. Louis, MO 63102
Speaker: Howard M. Zaritsky

About the talk:

Design a non-marital trust that can be included in surviving spouse's gross estate in order to increase basis;
 
Get a basic increase for an irrevocable trust when an older-generation family member dies, even if they do not have a beneficial interest in the trust; 

Cause an extant irrevocable trust to be included in the grantor's gross estate so as to increase basis.

Speaker bio:

Howard M. Zaritsky is a retired partner in the law firm of Zaritsky & Zaritsky, in Fairfax, Virginia, where his practice was limited to estate planning and administration and related tax matters.  He has been a lecturer at most major tax and estate planning institutes, including the University of Miami (Heckerling) Estate Planning Institute, where he is a member of the advisory committee.  He is the author or co-author of numerous articles and treatises, including: Tax Planning for Family Wealth Transfers During Life and Tax Planning for Family Wealth Transfers at Death both published by Thomson-Reuters/WG&L.  He is a Fellow of the American College of Trust and Estate Counsel, a member of the Virginia State Bar, and former Chair of the Virginia Bar Association Section on Wills, Trusts & Estates.  Mr. Zaritsky lives on a farm with his wife and several groundhogs, near the thriving metropolis of Rapidan, Virginia.

CE

CPE Learning Objectives

  • Design a non-marital trust that can be included in surviving spouse's gross estate in order to increase basis;
  • Get a basic increase for an irrevocable trust when an older-generation family member dies, even if they do not have a beneficial interest in the trust; 
  • Cause an extant irrevocable trust to be included in the grantor's gross estate so as to increase basis.

Delivert Method Live

Earn 1 CPE Credits for this session. Number of credit hours earned based on 50 minutes of talk. Change if more than one hour.

Field of Study:  Specialized knowledge.

Program -  Advanced

Prerequisites – There are no prerequisites or advanced preparation for this session.

Who should attend? Everyone at all levels

CFP 

Program Summary: A discussion of various ways in which one can manipulate basis within an estate plan in order to reduce income taxes without increasing estate taxes.

Learning Objective(s): 

Learn about planning techniques to integrate basis increase into an estae plan.

Level of Complexity Advanced

 

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