How to Plan Bequests or Gifts to Grandchildren
Low-cost and easy-to-implement strategies to complex trusts and creative approaches
- Product Number: 2210139P01
CLE Credits, earn up to:
1 substantive credits, 0 ethics credits CLE Credit Note
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There has never been a more important time to focus on grandparent inter-generational legacy giving. In 60 minutes, the faculty review a full spectrum of grandparent bequest and lifetime giving options, from low-cost and easy-to-implement strategies like direct and pre-payment of medical and educational expenses, setting up a grandchild 529 plan for college expenses, and the creation of an organized annual exclusion giving program, to complex trusts which take full advantage of the Generation-Skipping Transfer Tax exemption. Hear guidance for counseling clients at all income and assets levels, and learn about some overlooked and creative strategies. The program concludes with some thoughtful ideas about non-financial legacy documents that grandparent clients can create and share with grandchildren and the whole family.
Agenda & Materials
12:00 - 12:25 pm
The Ground Rules for Grandparent Gifts and BequestsThe Lifetime Exemption, the Annual Exemption, and the GST Exemption
12:25 - 12:30 pm
Easy and Low-Cost Gift Strategies for Clients at All Income and Asset Levels: UTMA Accounts, and Direct Payment of Medical and Education/Enrichment Costs
12:30 - 12:35 pm
A Creative Strategy That Encourages Good Financial Housekeeping SkillsThe Teenage Roth IRA and the Grandparent "Match"
12:35 - 12:40 pm
529 PlansPractical Tips and Best Practices
12:40 - 12:50 pm
When a Trust Is Appropriate2503(c) Trusts, "Crummey" Trusts, and Incorporating GST Planning in the Grandparent's Revocable Trust
12:50 - 12:55 pm
A Non-Financial Legacy for GrandchildrenGrandparent Legacy Letters, "Ethical Wills," and Personal Histories
MCLE webcasts are delivered completely online, underscoring their convenience and appeal. There are no published print materials. All written materials are available electronically only. They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.