Powers of appointment should be near the top of our checklist when designing trust instruments. When used properly, they are often a great technique to inject flexibility into a long-term trust while at the same time not forfeiting otherwise available tax benefits. As with most estate planning tools, however, a thorough understanding of the proper design of powers of appointment is necessary to avoid negative or even disastrous tax and non-tax consequences. The following common issues will be discussed:
- Achieving Basis Step-Up Through Powers of Appointment
- Non-Tax Uses for Powers of Appointment
- Issues Addressed by the Uniform Powers of Appointment Act
- Avoiding Ambiguity and Disputes in Drafting Language Conferring and Exercising Powers of Appointment
If you wish to cancel your teleconference registration prior to the time the program Materials (Intellectual Property)/Pin are sent out by BSe, then you will be allowed a full refund of your registration fee. If you wish to cancel your teleconference registration AFTER the program Materials (Intellectual Property)/Pin are sent out by BSe, then you will be charged a $100 cancellation/materials fee.
Archive Note:CE credits available for event recordings are CTFA, CWS and AFIM. No other CE credits are approved for recordings. Your archive will be available within 5 days of the live event.
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