Continuing Legal Education

TELESEMINAR: Liquidity Planning in Estates and Trusts – A National Perspective (Live Replay from 2/8/13)

June 10, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours


Obtaining liquidity in an estate, both during the life of a client and after his or her death, is a major challenge for estate planners and administrators, particularly in an environment where asset values are only now stabilizing and credit is still exceptionally tight. Pre-mortem, a client with illiquid assets – an interest in a closely held company, real estate, artwork or other property without a regular market – may need liquidity to support themselves or pursue other ventures. Post-mortem, the client’s estate will need cash to pay federal and state tax liabilities, and pay other final expenses. This program – which was originally presented on February 8, 2013* – will provide you with a practical guide to obtaining liquidity in a client’s estate, pre- and post-mortem, including elections to defer estate taxes, the use of Graegin notes, redemptions, buy-sell agreements and more.


  • Estate planning and administration to obtain liquidity for illiquid assets
  • Liquidity to fund tax liabilities, trust distributions, administrative expenses, and more
  • Mechanics of electing a deferral of estate tax under IRC Section 6166
  • Use and advantages of using Gaegin notes to obtain liquidity
  • Advantages and disadvantages of use of redemptions and buy-sell agreements
  • Techniques to use life insurance products to obtain liquidity


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Program Speakers:
Daniel L. Daniels
, Wiggin and Dana, LLP, Connecticut
David T. Leibell, Wiggin and Dana, LLP, Connecticut

Daniel L. Daniels is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families.  A Fellow of the American College of Trust and Estate Counsel, he is listed in “The Best Lawyers in America,” and has been named by “Worth” magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in “Trusts and Estates” magazine.  Mr. Daniels received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.

David T. Leibell is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where he has an extensive estate, trust and charitable giving practice. He previously worked in the financial services industry, specializing in the financial aspects of estate planning.  Mr. Leibell is a frequent lecturer on fiduciary topics throughout the United States, and has authored many articles on charitable, estate and tax planning topics.  He is the author of a monthly column in “Trusts & Estates” magazine.  He also authors a column for “Registered Representative Magazine.”  Mr. Leibell received his B.A. from Trinity College and his J.D. from Fordham Law School.



*Please Note: Attorneys may not receive credit for viewing the same program more than once within a 12 month period.