Trusts, Estates & Probate

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Dynasty Trusts and GST Tactics: Generational Estate Planning After OBBBA

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Pending 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Upon Request 7 Total
Kentucky CLE Upon Request 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Pending 6 Total
North Carolina CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Arizona CPE for Accountants Approved 7 Total
New York CPE for Accountants Approved 7 Total
Washington CPE for Accountants Approved 7 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Live Online
6 hours
Eraka Childs
Tod Leaven
With Margaret B. Rahner from Ruskin Moscou and Faltischek, P.C. + 2 others

Mon, Nov 09, 00:00 AM – 00:00 PM

Product ID 102659

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$429

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Overview

Your Multi-Generational Playbook Just Changed

The planning landscape changed twice in two years. First, the long-anticipated TCJA sunset that would have halved the exemption at the end of 2025 was cancelled. Second, OBBBA didn't merely extend the prior amount - it reset the exemption upward to $15M/$30M and removed the sunset, indexing it to inflation from 2027 forward. The result is the highest transfer-tax exemption in U.S. history and a real shift in what "good" multi-generational planning looks like.

For most families, the dominant question is no longer "how do we avoid estate tax?" It is "how do we move wealth across generations and preserve income-tax basis, and keep optionality given that 'permanent' is a political term, and govern the trust well for 100+ years?" This course is built around that reframed problem. It moves from the GST tax framework that makes multi-generational planning necessary, through the dynasty-trust vehicle and the jurisdictions that house it, into funding leverage, drafting, administration, basis optimization, and the distinct ethical hazards of representing a family across generations. Hone your edge - register today!

  • Identify the three GST taxable events and correctly assign generations.
  • Calculate and apply the inclusion ratio and explain how automatic allocation defaults operate (and fail).
  • Advise on situs selection among the leading dynasty-trust jurisdictions and articulate the trade-offs.
  • Structure exemption-leveraging transactions (IDGT sales, SLATs, etc.) and recognize their GST-specific pitfalls.
  • Draft core multi-generational provisions that balance transfer-tax efficiency against income-tax basis, flexibility, and asset protection.
  • Manage the professional-responsibility issues unique to multi-generational, multi-beneficiary representation.

Abbreviated Agenda

  1. The GST Tax Framework: Why Multi-Generational Planning Exists
  2. Ethics and Professional Responsibility in Multi-Generational Representation
  3. GST Exemption, Allocation Mechanics and the Post-OBBBA Landscape
  4. Dynasty Trusts: Design and Jurisdiction Selection
  5. Funding the Dynasty Trust: Leverage and Advanced Transfer Techniques
  6. Drafting and Administration That Lasts

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Related Topics

Product ID 102659

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Pending 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Upon Request 7 Total
Kentucky CLE Upon Request 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Pending 6 Total
North Carolina CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Arizona CPE for Accountants Approved 7 Total
New York CPE for Accountants Approved 7 Total
Washington CPE for Accountants Approved 7 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Select Jurisdiction
CLE
Other

Agenda

All times are shown in

  1. The GST Tax Framework: Why Multi-Generational Planning Exists

    1. The Three-Tax System
    2. The 3 Taxable Events: Direct Skip, Taxable Termination, Taxable Distribution
    3. Skip Persons and Generation Assignment
    4. Introducing the Inclusion Ratio

  2. Ethics and Professional Responsibility in Multi-Generational Representation

    1. Who is the Client?
    2. Conflicts Across Generations
    3. Confidentiality and the Flow of Family Information
    4. Capacity and Undue Influence
    5. The Lawyer as Fiduciary or Beneficiary of the Engagement

  3. GST Exemption, Allocation Mechanics and the Post-OBBBA Landscape

    1. The Current Numbers and "Permanency"
    2. The GST Exemption is Separate - and NOT Portable
    3. The Inclusion Ratio, in Full
    4. Automatic Allocation (§2632)
    5. Fixing Mistakes

  4. Dynasty Trusts: Design and Jurisdiction Selection

    1. What a Dynasty Trust Is and Why It Works
    2. The Rule Against Perpetuities, Abolished and Extended
    3. Jurisdiction Comparison
    4. Choosing Situs in Practice
    5. Moving an Existing Trust

  5. Funding the Dynasty Trust: Leverage and Advanced Transfer Techniques

    1. Gift vs. Leverage
    2. Why GRATs are GST-Unfriendly
    3. The IDGT Installment Sale - The Workhorse
    4. SLATs
    5. Valuation Discounts and Defined-Value Clauses
    6. Life Insurance, ILITs, and Charitable Overlays

  6. Drafting and Administration That Lasts

    1. Distribution Standards and Trustee Architecture
    2. Basis Planning in the High-Exemption World
    3. Powers of Appointment and Class Definitions
    4. Asset Protection and Spendthrift Drafting
    5. Administering Exempt vs. Non-Exempt Shares
    6. Modifying Old Trusts: Decanting, NJSAs, etc.

Who Should Attend

This course is designed for trusts and estates attorneys, and private-client and tax counsel, and fiduciary practitioners who draft or administer long-term trusts and want to modernize their approach for the post-OBBBA landscape. Accountants and tax managers will benefit, as will estate-planning generalists looking to move confidently into sophisticated multi-generational work, though a working knowledge of the federal transfer-tax system is assumed.

Speakers

MR
Margaret B.
Rahner
Ruskin Moscou and Faltischek, P.C.
Eraka L Childs
Eraka L.
Childs
The Childs Legacy Law Firm P.C.
Tod M Leaven
Tod M.
Leaven
Leaven Law Firm
Speaker bio
MR

Margaret B. Rahner

Ruskin Moscou and Faltischek, P.C.
Margaret Rahner

is of counsel at Ruskin Moscou Faltischek, P.C., where she is a member of the firm's Trusts & Estates, Real Estate, and Corporate & Securities departments. Her practice focuses on trust and estate administration representing individuals in an estate or trust of a deceased loved one. This includes all manner of Surrogate's Court proceedings throughout the five boroughs, such as Probate, Administration, Miscellaneous, Accounting, and Ancillary Proceedings, as well as preparation of fiduciary accountings, and preparation of New York State and Federal estate tax returns. In addition to working in the administration of an estate or trust, Ms. Rahner focuses on trust and estate planning, where she works with clients to create an optimal plan to best suit their current and future needs while keeping potential income or estate tax consequences in mind. She is a member of the New York State Bar Association Trusts and Estates Law Section, and Elder Law Section, as well as a member of the Nassau County Bar Association Surrogate's Court Estates and Trusts Committee and the Suffolk County Bar Association. Ms. Rahner is admitted to practice in the State of New York and the United States District Court of the Eastern District of New York. She earned her B.A. degree from Villanova University and her J.D. degree from Hofstra University School of Law.

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Speaker bio
Eraka L Childs

Eraka L. Childs

The Childs Legacy Law Firm P.C.
Eraka Childs

is a business, estate planning, probate, guardianship and family law attorney at The Childs Legacy Law Firm P.C. As an experienced trial attorney, her practice emphasizes helping people to build, preserve and pass on their wealth. Ms. Childs has more than 20 years of experience advising business owners regarding their human resources practices and other business matters. She works with her clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes. Ms. Childs earned her B.A. degree from Southwestern University and her J.D. degree from South Texas College of Law Houston. She is licensed to practice law in Texas.

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Speaker bio
Tod M Leaven

Tod M. Leaven

Leaven Law Firm
Tod Leaven

is a partner at Leaven Law Firm, where he focuses his practice on Veterans law and firearms law. He served in the United States Army from 1998 to 2004, including the initial Kosovo Occupation with the 501st Military Intelligence Battalion, 1st Armored Division, and the Iraq War with the 3rd Squadron of the 7th Cavalry Regiment, 3rd Infantry Division. After his years of service, Mr. Leaven received his bachelor’s degree, summa cum laude, from the University of North Carolina at Asheville and his J.D. from the University of North Carolina School of Law, and is now an adjunct professor. He is admitted to practice law in North Carolina, Georgia, and Tennessee.

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