ESTATE PLANNING COUNCIL OF EASTERN NEW YORK, INC.

The Alchemist's Cookbook: Income Tax Planning with Grantor and Non Grantor Trusts

Trusts can be designed as separate taxpayers, as transparent entities, and sometimes even as tax-exempt entities. Each status is governed by a unique set of rules. This presentation will discuss some lesser known income tax planning strategies with trusts.

Learning Objectives:

1) Review the variety of tax regimes that govern trusts;

2) Review the rules of each regime;

3) Identify planning strategies suitable for a variety of client situations.