NAEPC Journal of Estate & Tax Planning – Issue 38 – November 2021

The NAEPC (National Association of Estate Planning Councils) has issued its November 2021 Journal of Estate & Tax Planning. The summary of articles and links are as follows:

Features

Editor’s Note: Bracing for Changes…Still
Author: Ryan P. Laughlin, CPA, MST, JD, AEP®

How Your Estate Plan May be Affected by Potential Changes (PDF)
Three national experts provide a sample client letter to help explain how potential changes could affect your clients’ estate plans.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Barry A. Nelson, JD, LL.M., Jennifer E. Okular, JD, LL.M., and Cassandra S. Nelson, JD

What the Build Back Better Act Could Mean for Life Insurance Trusts (PDF)
Pending tax changes could have significant impact on a bedrock planning technique used by clients for ages.
Authors: Lawrence Brody, Senior Counsel, and Charles L. Ratner, JD, CLU®, ChFC®, AEP® (Distinguished)

Recission – Considerations and Applications for Planning in 2021 (PDF)
This article discusses an often-overlooked provision in tax law that could become more popular than ever if tax changes are made retroactive at some point.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Thomas A. Tietz, JD, Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished), and Jonathan G. Blattmachr, Esq., AEP® (Distinguished)

Family Business Succession Planning – It’s a Contact Sport!!! (PDF)
L. Paul Hood draws on 30+ years of experience and shares his thoughts and suggestions on one of the most common and important discussions that estate planners have with their clients.
Author: L. Paul Hood, Jr., JD, LL.M., CFRE, FCEP

A Comparison of Planning Tools for Disabled Individuals (PDF)
This article addresses traditional and new techniques available when planning for those with disabilities.
Author: Karen Dunivan Konvicka, JD

House Estate Tax Proposal Requires Immediate Action (PDF)
Marty provides a thorough yet practical summary of the proposed changes we all face.
Initially published on Forbes.com
Author: Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished)

Proposal to Eliminate Discounts for Passive Real Estate Owned by Entities is Plain Nuts (PDF)
The author discusses pending changes to rules related to valuation discounts with passive real estate.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Keith Schiller, Esq.

A Novel SECURE Design for a Tax-Deferred Retirement Accounts Conduit Trust (PDF)
This article addresses a novel written irrevocable trust planning option under the SECURE Act.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: James M. Kane, JD

What Part of Disregarded Did You Inadvertently Disregard (PDF)
This article discusses pending tax law changes with disregarded trusts and options to consider for clients.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Alan S. Gassman, JD, LL.M. (taxation), AEP® (Distinguished) and Brandon L. Ketron, JD, LL.M.

News Nook: A Compendium of Current Affairs

Using the Florida Irrevocable Community Property Trust to Protect an Elderly Couple from Abuse (PDF)
The authors discuss how a new FL trust law can be used to protect the elderly.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Alan S. Gassman, JD, LL.M. (taxation), AEP® (Distinguished), Jonathan G. Blattmachr, Esq., AEP® (Distinguished), and Brock Exline

Mary Vandenack’s Notes from the NYU Advanced Trusts and Estates Conference (PDF)
A review of items discussed at the NYU conference this summer.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Mary E. Vandenack, JD, CAP® , COLPM

NAEPC Monthly Technical Newsletter
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)

Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.

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