Post H.R. 1 Charitable and Trust Planning Strategies

Overview

H.R. 1, commonly referred to as OBBBA, made sweeping changes to tax law. 

The indirect planning implications are significant for both income and estate planning. 

This webinar assumes attendees are already familiar with the basic H.R. 1 changes and builds on that foundation with a discussion of how and when to use non-grantor trusts in post-H.R. 1 planning, especially in charitable strategies.

With the high exemption now permanent, estate planning will shift from minimizing estate taxes to using trusts to reduce income taxes. Non-grantor trusts will play a central role in that shift.

Prerequisites

Fundamental knowledge of the new H.R. 1 tax bill, commonly referred to OBBBA.

Objectives

• Distinguish the application of the 2/37th reduction in charitable contribution deductions on trusts.
• Determine the impact the new limit will have on trusts' charitable beneficiaries. 
• Analyze how charitable lead trusts will be affected.
• Determine responsibilities of trustees for various trusts in light of H.R. 1 changes.
• Differentiate when non-grantor trusts benefit versus when using QCDs, bunching, or other planning techniques may be preferable.

Highlights

• OBBBA, HR 1, charitable planning, Trusts, Non-Grantor trusts, deductions, Lead trusts, trustees