CLE on Basis and the By-Pass Trust

The ABA Section of Real Property and Trust and Estate Law  is presenting a CLE entitled, Basis and the By-Pass Trust, on Tuesday, December 10, 2013 1:00 – 2:30 pm ET.  Provided below is a description of the event:

During this program our panelists discuss how reducing capital gains tax by obtaining a basis step-up on the death of either spouse may now be more important than estate tax savings. This program will be a detailed discussion of how the enlarged estate tax exemption and portability have changed the objectives in estate planning for most clients.

The panelists will discuss:

• If a Qtipable by-pass trust is a good idea (or possible);
• How to draft formula general powers of appointment to selectively obtain a new basis on the second spouse?s death, including forms;
• The meaning of the Kurz decision, including acts of independent significance and Section 2041; and
• Modifying pre-existing by-pass trusts to obtain basis adjustments.

Register now for this program using your ABA ID (00954888).