Gain a better understanding of the fundamentals of Dynasty Trusts in Estate Planning.
Clients who have wealth that exceeds the Applicable Exclusion Amount, currently $13.61 per person ($27.22 for a married couple), often desire their wealth to last several generations. Estate planning practitioners need to understand how best to accomplish that goal while ensuring that each generation has access to the family wealth. In the first half of the 20th century, trusts and estate attorneys devised trusts that would provide each generation with use of the assets without the inclusion of those assets in the estate of each generation for estate tax purposes.
Learning Objectives
- You will be able to define a direct skip, a taxable distribution, and a taxable termination.
- You will be able to describe the impact that a Dynasty Trust has on an estate plan.
- You will be able to discuss the benefits of creating a Dynasty Trust.
- You will be able to recognize situations for which a Dynasty Trust makes sense.
Agenda
Speakers
Tereina Stidd, J.D., LL.M.,
American Academy of Estate Planning Attorneys, Inc.- Attorney with Cole Schotz P.C.
- Associate attorney in the tax, trusts, and estates department in an AM Law Top 200 firm with a focus on income, estate, gift, and generation-skipping transfer tax planning
- Joined the American Academy of Estate Planning Attorneys (a national organization dedicated to promoting excellence in estate planning) as the Associate Director of Education in July 2021
- Co-author of the chapter “Homestead” in Basic Estate Planning in Florida, 6th, 7th, and 8th ed. published by the Florida Bar
- Contributor to Estate, Gift, Trust, and Fiduciary Tax Returns Planning and Preparation published by Thomson Reuters
- Recognized many years as a Super Lawyers Florida Rising Star
- Regular speaker on estate planning, retirement, homestead, and trust and estate administration topics
- Licensed to practice law in both Florida and North Carolina (inactive status)
- J.D. degree, the Claude W. Petit College of Law at Ohio Northern University; LL.M. degree in taxation, the University of Miami School of Law; B.A. degree in political science, cum laude, St. Bonaventure University
Who Should Attend
This live webinar is designed for attorneys, estate planners, accountants, presidents, vice presidents, CFOs, controllers, finance directors, business owners and managers, tax managers, financial planners, enrolled agents, and lenders.
