Join us as four members of the T&E Editorial Advisory Board discuss trending topics that are top of mind with estate planners:
Pending Bills on Estate and Wealth Tax
From Bernie Sanders’ “For the 99.5% Act,” to Elizabeth Warren’s Ultra-Millionaire Tax Act, there are bills pending in Congress that have a direct effect on estate planning. James Dougherty will give an overview of the pending bills and what they mean for high-net-worth clients.
Trusts and Millennials
Millennials are projected to number 73 million, overtaking Baby Boomers as the largest adult segment of the U.S. population. But many existing trusts may not be drafted to best accommodate Millennial beneficiaries and their desires. Al W. King III will discuss how to reform/modify or decant these trusts so that their administrative aspects are properly coordinated with not only the desires of the grantor and grantor’s spouse but also the Millennial and other beneficiaries.
A Brief Guide to Special Purpose Acquisition Companies (SPACs)
SPACs have proliferated recently in both in financial circles as well as in popular culture. They provide clients with the opportunity to invest a relatively small amount of capital in sponsor shares in a SPAC in exchange for an interest in a vehicle that potentially could have explosive growth in the future, which makes this asset a good candidate for wealth transfer. Todd Angkatavanich will give an overview of SPACs and their role in estate planning.
Legislative Changes Affecting Charitable Giving
Proposed changes in the tax laws may have a significant impact on philanthropic planning. Some of these changes include the end of the $10,000 limit on the state and local tax deduction, increasing the estate and gift tax and lowering the exemption amounts. Robert Sharpe will discuss how some of these changes may require a reassessment of gift planning vehicles.
CFP, CIMA®, CPWA®, and AEP® CE Credits have been applied for and are pending approval.
Ernst & Young
James I. Dougherty
Dungey Dougherty PLLC
Al W. King III
Co-Founder & Co-Chief Executive Officer
South Dakota Trust Company, LLC
Robert F. Sharpe, Jr.
Susan Lipp - Moderator
Editor in Chief
Trusts & Estates