Planning for Larger Estates, Additional Trust Planning, Practice Safer

Monday, October 28, 2019, 12pm EDT

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Speakers: Jonathan G. Blattmachr, Esq.Sandra Glazier, Esq.Joy Matak, JD, LLM and  Martin Shenkman, Esq.


Course Description:

In this world of constant uncertainty, only one thing is clear, planners need a roadmap in order to be successful in crafting strategies to preserve and protect their clients’ wealth.

Planning for Larger Estates:

Enhanced Note Sales to Grantor Trusts (“IDITs”) for UHNW Client Wealth Transfers; Consider “Stepped” or Deferred Interest to Facilitate a Larger Sale than Current Cash Flow May Permit; Be Wary of the Hart Scott Rodino Act Requirements; Differentiate Collateral on Note Sale to Possibly Break IRS Challenges of a Retained Interest on a Note Sale; Defined Value Mechanisms Might be Enhanced and Modified for New Planning; Is Wandry King? What Type of Price Adjustment Mechanism Might You Use?; Consider a Two-Tiered Wandry Approach to Deflect a Powell Challenge; Incorporate an Economic Adjustments Mechanism in Your Defined Value Technique; Consider Using a Two Tier Defined Value Adjustment on Sales to Non-Grantor Trusts; Divide a QTIP to Possibly Contain the Risk of a 2519 Challenge; Use of an Independent Escrow Agent; Use Non-Grantor Trusts to Save Net Investment Income Tax (“NIIT”); Schedule Annual Trust Meetings: Proper Trust Operation is Vital to Achieving Intended Income Tax Status; Consider Downstream Planning (not Upstream) for UNHW Clients.

Additional Trust Planning:

Consider Structuring a Community Property Trust for Basis Step-up on First Death; Be Wary of Risks of Upstream Planning; Credit Shelter Basis Planning Risk; Maximize GST Tax Planning Before Potential Changes; Grantor Retained Annuity Trusts (“GRATs”); Crummey Powers, Powers of Attorney and Insurance Trusts.

Practice Safer Estate Planning:

Modify retainer agreements, disclaimers, and more.


 Webinar Speakers:

Jonathan G. Blattmachr, Esq., InterActive Legal Founder ^

Jonathan G. Blattmachr has over 35 years of experience in trusts and estates law and is currently a Principal at Pioneer Wealth Partners, LLC. He is a retired member of Milbank Tweed Hadley & McCloy and the Alaska, California and New York Bars. Mr. Blattmachr writes and lectures extensively on estate and trust taxation and charitable giving and has authored or co-authored eight books and over 500 articles on estate planning topics. He also co-developed Wealth Transfer Planning™, an InterActive Legal software system published for lawyers that provides specific client advice and automated document assembly for wills, trusts, powers of attorney, and other estate planning documents.

Sandra D. Glazier, Esq.  ^

Sandra D. Glazier is an equity shareholder with Lipson Neilson P.C. in its Bloomfield Hills, Michigan law firm office. Sandy concentrates her practice in the areas of family law; probate litigation; estate planning; and, probate and trust administration. With over 35 years of experience, she has handled a multitude of complex cases in the probate litigation arena, representing parties in some of the largest estates subjected to litigation in Michigan. Her experience includes, but is not limited to, complex litigation relating to claims of breach of fiduciary duty, will and trust contests, and claims of undue influence or lack of capacity.

Sandy has presented on estate planning and probate litigation issues at Bloomberg BNA Estate and Gift Tax Advisory Board, Notre Dame Tax and Estate Planning Institute, Kansas City Estate Planning Symposium, ABA, WealthManagement.com., Institute for Continuing Legal Education (ICLE), OCBA, STEP-Orange County, Johns Hopkins All Children’s Hospital Annual Estate, Tax, Legal & Financial Planning Seminar and Wilmington Trust’s New York Trust Symposium. She is the author of Electronic Wills: Revolution, Evolution, or Devolution, Tax Management Estates, Gifts and Trusts Journal, Bloomberg Tax.

Joy Matak, JD, LLM  ^

Joy Matak, JD, LLM, is a principal at CohnReznick and Co-Leader of the Firm’s Trusts and Estates Practice. She has more than 20 years of diversified experience as a wealth transfer strategist with an extensive background in providing tax services to multi-generational wealth families, owners of closely-held businesses, and high-net-worth individuals and their trusts and estates.

Joy provides clients with wealth transfer strategy planning to accomplish estate planning and business succession goals. She also performs tax compliance including gift tax, estate tax, and income tax returns for trusts and estates as well as consulting services related to generation skipping including transfer tax planning, asset protection, life insurance structuring, and post-mortem planning.

Before joining CohnReznick, Joy was a senior tax manager at a Top 20 accounting firm. Early in her career, she was a principal in a Virginia-based law firm and also worked as a senior associate in the growing trusts and estates groups of one of the leading commercial law firms in New Jersey.

Martin M. Shenkman, Esq., InterActive Legal Advisor ^

Martin M. Shenkman is an attorney in private practice in Fort Lee, NJ, and New York City.  His practice concentrates on estate and tax planning, planning for closely held business, and estate administration. Mr. Shenkman is an author of over 40 books and more than 800 articles.  He is an editorial board member of Trusts & Estates Magazine and the Matrimonial Strategist, and an advisor for InterActive Legal. He is the recipient of many awards including being a 2013 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels.  Mr. Shenkman was named Financial Planning Magazine 2012 Pro-Bono Financial Planner of the Year for his efforts on behalf of those living with chronic illness and disability. Investment Adviser Magazine featured him on the cover of its April 2013 issue naming as the lead of their “all-star lineup of tax experts.”


Webinar Sponsors

CLE Credits:

Event sponsors are not approved Continuing Education Sponsors. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by InterActive Legal, Peak Trust Company, or Shenkman Law.


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