Choosing the right trust for a client’s needs is a balance of finding the right vehicle for the client’s specific goals, obtaining maximum tax efficiency and yet maintaining as much flexibility as possible over time. It can be a daunting process, including working through a wide variety of sophisticated trust planning techniques and their tradeoffs under federal and state law. The process has grown even more complicated as the estate and gift tax law has shifted widely in the last several years, putting a premium on flexibility.
This program will provide you with a framework for assessing the different alternatives and decision-tree for determining which is best for your client’s specific circumstances. Practical decision-tree for finding the best trust alterative for your clients Revocable v. irrevocable trusts – balancing flexibility against tax benefits Trusts alternatives for passing and preserving value of family businesses or property Special purpose trusts – special needs trusts, exclusion trusts, life insurance trusts Charitable trusts – options for separating and allocating income and principal for benefit of charity and benefactor Limits of trust planning and integration into larger estate plans
Blanche Lark Christerson is a managing director at Deutsche Bank Private Wealth Management in New York City, where she works with clients and their advisors to help develop estate, gift, tax, and wealth transfer planning strategies. Earlier in her career she was a vice president in the estate planning department of U.S. Trust Company. She also practiced law with Weil, Gotshal & Manges in New York City. Ms. Christerson is the author of the monthly newsletter “Tax Topics." She received her B.A. from SarahLawrence College, her J.D. from New York Law School and her LL.M. in taxation from New York University School of Law.