TELESEMINAR: Trust Alternatives – A National Perspective
August 14, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
There are many reasons clients may choose not to use a trust to transfer property. The costs of forming and administering the trust may be too much in relation to the client’s estate. Tax benefits may be too insubstantial for the effort. Family or other personal circumstances may make trusts the wrong choice. Still, clients want a mechanism for efficiently passing property at death outside of formal legal proceedings. Clients may also want to retain income or some measure of control over the property during the lifetimes. This program will provide you with a range of trust alternatives, including the use of custodial accounts to pass financial assets, gifting techniques for tangible property, using insurance products, forms of ownership, and more.
- Alternatives to trusts in estate planning
- Use of custodial accounts, including bank, brokerage and retirement accounts
- Using beneficiary designations – and common (and costly) traps
- Sophisticated gifting techniques for tangible and intangible property
- Use of insurance products and plans to pass wealth
- Forms of ownerships – including joint tenancy with right of survivorship and traps
Blanche Lark Christerson, Deutsche Bank Private Wealth Management, New York
Missia H. Vaselaney, Taft, Stettinius & Hollister, LLP, Ohio