Thursday, November 14, 2024
10:15 AM
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11:15 AM
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Estates and Probate Track
Presented by the Estates and Probate, Tax, and Business Law Sections
About the Program
Modifying a trust may seem like a simple exercise under state law, but it can present very complex income, estate, and generation skipping tax concerns. The cost of these taxes can be very substantial. In this seminar we will discuss why what may seem like a simple exercise may not be so and issues to look out for before potentially stepping off the edge with a decanting or other trust modification.
You Will Learn
To prepare and equip practitioners to better spot tax issues in trust modifications (including state law decantings) and settlement agreements.
Who Should Attend
Practitioners interested in learning more about modifying trusts.
Credit
CT: 1.0 CLE Credit (General)
NY: 1.0 CLE Credit (AOP)
The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. This program qualifies for newly admitted and experienced attorneys CLE credits.
Attorneys seeking NY CLE credit who have been admitted to the New York State Bar for two years or less must attend the live seminar for skills or ethics credit, a fully interactive videoconference, or simultaneous transmission with synchronous interactivity. Diversity, Inclusion and Elimination of Bias CLE credits are only available as non-transitional credits. For further information please see the NYCourts.gov page on CLE: http://ww2.nycourts.gov/attorneys/cle/index.shtml.