Post-Mortem Trust & Estate Planning - 2019

Originally presented on October 31, 2019

The death of a client does not bring an end to estate planning.  Post-mortem estate planning tools and techniques allow practitioners to shape the way an estate is treated for income, estate and gift tax purposes, and impact the way property is distributed.  Using a variety of tax elections, planners can respond to changed law and factual circumstances, errors in planning, and help reduce the tax liability of an estate. There are also important but often overlooked issues of protecting the fiduciary from liability.  This program will provide you with a practical guide to interrelated post-mortem planning tools and techniques available to planners and administrators. 

• Use of elections – estate’s fiscal year, administrative expenses, alternate valuation, in-kind distributions
• Portability issues post-mortem
• QTIP election & QDOT planning
• Effective use of disclaimers – complete and partial 
• Death of a partner & special S Corp stock issues 
• Qualified revocable trusts and Section 645 elections
• Deferral of estate tax and Section 6166 elections

Speaker: Jeremiah W. Doyle, IV, BNY Mellon Wealth Management, Boston, MA

NOTE: This program was originally produced as a telephone seminar and is available on demand in streaming audio. This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics or elimination of bias credit.