NAEPC Webinar: Subchapter J (Income Tax of Trusts and Estates) - The Forgotten Tax

Date: Wednesday, October 14, 2015
Time: 12:00pm - 1:00pm
Location: 3270 Inland Empire Blvd., Ste. 300, Ontario, CA 91764
Speaker: Jeffrey N. Pennell, JD

The income taxation of trusts, estate, grantors, and beneficiaries (Subchapter J) is an odd backwater for estate planners because it is at once the tax that affects most estate plans, the one the government seems to ignore in the main, and (perhaps therefore) the one that we hardly ever teach or study. Fiduciary entities are subject to the highest income tax rates and enjoy the lowest exemptions, yet there are few "experts" among us and even less planning devoted to these realities. This session will focus first on the basics of Subchapter J and then delve a bit more into specifics of planning with intentionally defective grantor trusts, especially including the myths and hype surrounding them.  This is an intermediate/advanced program.

About the Speaker

Jeffrey N. Pennell is the Richard H. Clark Professor of Law at Emory University School of Law in Atlanta. He is a member of the American Law Institute and an advisor for theRestatements of Wills and Other Donative Transfers, and of Trusts, a former member of the council of the Real Property, Trust Estate Section of the American Bar Association, an academic fellow and former regent of ACTEC, and an academician of The International Academy of Estate and Trust Law. His various publications include student and practitioner texts, tax management portfolios, articles, institute chapters, and he is the successor author of Casner Pennell on Estate Planning (6th ed.).

Continuing Education Credit

Continuing education credit will be available at each webinar for Accredited Estate Planner® designees.  In addition, a general certificate of completion will be made available for those professionals who feel the program satisfies their continuing education requirements and are able to self-file.  It is the responsibility of the attendee to determine whether their state, discipline, or designation will allow one to self file for a distance-learning program.  Councils may also file the program in their home state for programs offered in a group setting.

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