This program is designed to provide sophisticated and practical advice to attorneys advising family offices and other ultra-high-net-worth clients. Advising UHNW clients and family offices requires more than just expertise. It demands advanced strategies tailored to safeguard their wealth. Attendees will learn comprehensive estate-planning strategies to help their clients make the best possible choices to meet family needs across generations. The program's presenters are nationally known ACTEC fellows.

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This session will examine key considerations and best practices for using gift and generation-skipping transfer tax exemptions to create spousal lifetime access trusts ("SLATs"), leveraging the grantor trust rules, maximizing future flexibility and optionality through thoughtful trust design, and addressing issues that arise in the context of divorce.

Asset protection has become an important aspect of estate planning for ultra-wealthy clients who sometimes feel like they have a target on their back. This session will discuss the use of self-settled asset protection trusts. The speaker will provide an overview of how these trusts work, when such trusts might be desirable for an UHNW client, and how self-settled asset protection trusts can be designed to achieve certain tax benefits in the current estate planning environment.

This session will address issues for significant closely held businesses, including family dynamics, generational challenges, and insurance-funded buy-sells post-Connelly.

This presentation will cover the basics of qualified small business stock (QSBS) under section 1202, address changes after the One Big Beautiful Bill Act, show you how founders can “stack” multiple capital gain exclusions among family members, examine how non-grantor trusts can be the ultimate tool for QSBS planning to protect family members and minimize state income taxes, and discuss the challenges in non-grantor trust drafting compared to the more commonly used irrevocable grantor trusts.

This session will discuss hot topics relating to generation skipping transfer taxes such as:

Increasingly planners are including charities as potential beneficiaries of both old and new family trusts. Making distributions to charities from these trusts can help manage income taxation, correct for overly successful trust planning, and provide alternative vehicles for family philanthropy. However, continued IRS hostility to the 642(c) deduction, as well as recent changes in tax law, may cause unexpected headaches for trustees and beneficiaries. The speakers will discuss possibilities and pitfalls in utilizing the 642(c) deduction, as well as alternatives for trustees and beneficiaries looking for options to allow their trusts to have impact beyond family wealth.