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Webinar │ Opportunities for the CRT in Prenuptial and Divorce Planning
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Webinar │ Opportunities for the CRT in Prenuptial and Divorce Planning

When: Tuesday, February 18, 2020
12 noon Pacific | 1 pm Mountain | 2 pm Central | 3 pm Eastern
Where: United States

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About the webinar... 

Opportunities for the CRT in Prenuptial and Divorce Planning

By now you will have heard that the 2017 tax bill permanently repealed the alimony deduction. And you probably thought, divorce lawyers will have to do some calculations differently, maybe shift their focus to the division of property. But what has that to do with me?

If you also heard that the repeal has completely upended the tax treatment of a trust for the benefit of a former spouse, even if the trust was not intended as a substitute for alimony, you may have wondered how this might affect all these intricate transfer tax and creditor protection strategies you have sort of heard about, involving inter vivos QTIP trusts.

And then you may have asked yourself whether there might be an opportunity here for the gift planner to bring something to the table for a prospective donor who is negotiating a prenuptial agreement, or a divorce settlement, or who is simply making provision for a less wealthy spouse.

The answer is yes, there is.

The inter vivos QTIP trust has always had some vulnerabilities in the event of a divorce, and the repeal of section 682 has only exacerbated these. A charitable remainder trust for the benefit of a spouse or former spouse has always offered flexibilities the inter vivos QTIP cannot. With the repeal of section 682, the CRT may finally come into its own as a preferred vehicle for prenuptial, postnuptial, and divorce settlement planning.

Let's talk for an hour about how we can make this happen. 

About the presenter...


Russell A. Willis, III, J.D., L.L.M.

Russ Willis is a freelance writer and a consultant in transfer tax planning. For ten years, he wrote for a subscription website that provided daily coverage and in-depth analysis of developments in tax law affecting charitable gift planning. A practicing lawyer in St. Louis, Missouri for more than 20 years, Mr. Willis chaired the Steering Committee of the Probate and Trust Law Section of the local bar association and served for years on a legislative drafting subcommittee of the Probate and Trust Law Committee of the State Bar. As an adjunct member of the faculty at the St. Louis University School of Law, he taught courses in future interests and tax-driven estate planning. Mr. Willis has written numerous articles for law journals and publications serving the charitable planned giving profession, and he has been a frequent speaker at seminars for lawyers and for charitable gift planners. Mr. Willis has a law degree from St. Louis University and a master’s degree in Taxation law from Washington University in St Louis. His undergraduate degree in English Literature is from Indiana University, Bloomington, and he has a master’s degree in English from the University of Chicago.

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