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About the Teleseminar 

There is a bewildering array of estate planning vehicles available to clients who want to provide for the educational expenses of children or others.  They range from state-sponsored plans that are comparatively inflexible but tax-favored to private plans that are more flexible but might carry fewer financial incentives.  The tax treatment of these vehicles – form statutorily-defined plans to various forms of trusts to custodial accounts – vary widely.  There are also issues of control (how soon does a child or other beneficiary gain control of the funds, if ever?), the eligibility of beneficiaries, and what type of expenses may be covered. In each alternative, there are sophisticated tax, financial control and other tradeoffs.  This program will provide you with a framework for understanding the range of alternatives and the practical financial, tax and control tradeoffs of each alternative. 

  •          Detailed review of alternatives for funding the educational expenses of children or others
  •          How the “kiddie tax” impacts the use of various education funding plans
  •          State-sponsored v. Independent 529 Plans – tax and control tradeoffs of each
  •          Coverdell Education Savings Accounts (ESAs) – option for college and K-12 expenses
  •          Use of custodial accounts under UTMA and UGMA
  •          2503(c) Trusts and the annual exclusion
  •          Crummey Trusts for multiple beneficiaries and children who are not minors
  •          Integration with larger estate plans

 

About the Speaker

Blanche Lark Christerson is a managing director at Deutsche Bank Private Wealth Management in New York City, where she works with clients and their advisors to help develop estate, gift, tax, and wealth transfer planning strategies.  Earlier in her career she was a vice president in the estate planning department of U.S. Trust Company.  She also practiced law with Weil, Gotshal & Manges in New York City.  Ms. Christerson is the author of the monthly newsletter “Tax Topics."  She received her B.A. from Sarah Lawrence College, her J.D. from New York Law School and her LL.M. in taxation from New York University School of Law.

Mandatory MCLE Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour, including up to1.0 Estate Planning & Probate Law Specialty Credit Hour. (Tentative)