Irrevocable Trusts: Who Is the Taxpayer?
Blank Rome associate Kyle G. Durante will present “Irrevocable Trusts: Who Is the Taxpayer?,” a myLawCLE program being held Thursday, August 17, 2023, from 1:00 to 2:40 p.m. EDT, as a live online webinar.
ABOUT THE PROGRAM
This CLE will provide an in-depth analysis of federal income taxation of irrevocable trusts, including, but not limited to, whether a trust is a separate independent taxpayer or a disregarded entity, what causes a trust to be a separate independent taxpayer, and what the implications are of such classifications. This program will also discuss certain estate planning strategies that can be deployed depending on how the trust is structured for income tax purposes and provide an overview of the federal income tax ramifications of establishing foreign trusts.
Key topics include:
- The primary classifications of irrevocable trusts for income tax purposes—grantor trusts vs. non-grantor trusts
- What causes a trust to be a grantor trust?
- Estate planning strategies
- Overview of sub-classifications—domestic trusts vs. foreign trusts
MCLE credit is available.
For more information, the full agenda, and to register, please visit the event webpage.