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Description
In the wake of the OBBBA Act, estate planning strategy discussions are expected to shift away from a focus on estate tax avoidance to other benefits of estate planning. This session explores the use of non-grantor trusts to reduce taxable income, enhance access to deductions, and optimize charitable giving for clients who may not otherwise benefit from traditional estate tax strategies. Through practical examples and advanced planning insights, financial advisors will learn how to integrate these tools into their planning toolkit and apply them for clients at a broad range of wealth levels. Special attention is given to tax bracket management, the 199A QBI deduction, SALT deduction maximization, charitable strategies, and the importance of post-OBBBA planning collaboration among advisors, attorneys, and CPAs.
Learning Objectives
• Identify the characteristics and tax treatment of non-grantor trusts compared to grantor trusts.
• Explain how non-grantor trusts can be used to enhance the SALT deduction, QBI deduction, and other tax provisions post-OBBBA and reduce income taxes.
• Analyze how charitable giving strategies can be optimized using non-grantor trusts under OBBBA rules.
• Evaluate client suitability and practical implementation considerations for non-grantor trust strategies, including cost, complexity, and compliance.
• Collaborate with clients, estate planning attorneys, and CPAs to evaluate or implement the inclusion of a non-grantor trust in a client’s estate plan.