Total Credits: 1.2 Self Study
Originally presented on June 20, 2019
Trust and estate planning for real estate and real estate entrepreneurs is full of special challenges. Real estate is illiquid, its value can swing wildly, and it can be difficult to value. Commercial real estate may be owned in an LLC or subject to complex contractual relationships that make transferring it difficult. There are also the challenges of transferring a unique family property – a personal residence, or family vacation property, a farm or ranch. Ensuring liquidity, obtaining tax savings, restructuring and facilitating the transfer of property, and possibly making charitable donations are the interconnected and substantial challenges of planning with real estate. This program will provide you a detailed guide to trust and estate planning for real property assets and for real estate entrepreneurs.
• Unique challenges of planning for liquidity with illiquid assets
• Valuation discount issues and planning in a rising but volatile market
• Value freezing techniques using LLCs
• Grantor Retained Annuity Trust (GRAT), sales to defective grantor trusts, and sales of self-cancelling installment notes
• Charitable giving techniques for real estate
Speakers: Missia H. Vaselaney, Taft, Stettinius & Hollister, LLP, Cleveland, OH and Michael Sneeringer, Porter Wright Morris & Arthur LLP, Naples, FL
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.
Course materials.pdf (808.1 KB) | Available after Purchase |
MCLE Form 6-20-19.pdf (87.2 KB) | Available after Purchase |