CLE on Divorce After Tax Reform: A Whole Lot More Taxing
Why You Should Attend
Recent legislation makes divorce a more expensive proposition. For post-2018 “divorce or separation instruments,” the alimony deduction has been eliminated, but the IRS definition of these instruments does not include pre-nuptial agreements. As a result, the tax consequences of existing pre-nuptials could be substantially different from what the spouses initially agreed or intended post-2018. Similarly, elimination of the Section 682 relief from grantor trust treatment for income payable to a former spouse could produce tax consequences significantly different than intended.
So what does all of this mean for clients facing divorce proceedings in 2019? Join us for this informative webcast and be better positioned to advise your clients by learning about the key tax changes impacting divorces and separations.
What You Will Learn
The faculty, both Fellows of The American College of Trust and Estate Counsel and highly-experienced estate and tax planning practitioners, will discuss:
the impact of the new rules on divorce settlements and any remedies available to restore originally intended economic consequences
recent ACTEC comments on the grantor trust rules after a divorce
IRS Notice 2018-37 and the IRS’s intent to issue regulations under Section 682 concerning trust income payable to a former spouse under pre-2019 instruments
Questions submitted during the program will be answered live by the faculty. All registrants will receive a set of downloadable course materials to accompany the program.
Who Should Attend
Estate planners and family lawyers will benefit from this CLE on the new tax implications of divorce, jointly offered by the American Law Institute CLE and ACTEC.