Understand how to transfer business operations to future generations without overpaying the Internal Revenue Service using the Beneficiary Defective Inheritor Trust.
Many wealthy clients that have developed and run a family business are concerned with the transfer of that business to future generations without enriching the Internal Revenue Service because of the transfer. By using the Beneficiary Defective Inheritor Trust (BDIT), this can be accomplished using legal drafting techniques in conjunction with current law, regulations, and case rulings. The client would not lose control of their business that is required in many other planning techniques. The techniques involved require coordination between the lawyer, CPA, financial advisor, valuation expert, and the client. They are all working to affect the transfer of the business in a manner that will not expose the current and future generations to creditor problems because of lawsuits or divorce. The BDIT also has provisions which will allow for changes in the document to deal with changes in future family dynamics.
Agenda
Faculty
Michael W. Halloran, CFP, AEP, ChFC, CLU
Northwestern Mutual
- Wealth Management Advisor at Northwestern Mutual
- Enjoys working with high net worth clients in growing and protecting their estate
- Awarded admission into the Estate Planning Hall of Fame in 2015
- Speaks around the country talking in estate, insurance, and investment planning
- Professional designations; AEP (Distinguished), CFP, CLU, ChFC, RHU, REBC, RICP, & LITCF
- Featured in publications including; National Underwriter, Capital Executive, New York University Review, Money, Life Association News, Life Insurance Selling, USA TODAY, New York Times, Chicago Tribune, Congressional Quarterly, Dow Jones and News Wire
- Member of the National Association of Estate Planners and Councils (NAEPC), National Association of Insurance and Financial Advisors (NAIFA), and the Society of Financial Service Professionals
- B.S. degree, Florida State University; M.S.F.S. degree, American College of Financial Services; M.S.M. degree, American College of Financial Services
- Can be contacted at [email protected] or 904-399-8308
Richard A. Oshins, Esq.
Oshins & Associates, LLC
- Shareholder of the Las Vegas law firm of Oshins & Associates, LLC where he concentrates in tax and estate planning with a substantial emphasis on multi-generational wealth planning particularly with regard to closely held businesses
- One of America’s top estate planning lawyers advising wealthy clients throughout the United States
- Listed in both The Best Lawyers in America and Martindale-Hubbell’s list of Preeminent Lawyers from their inception
- Served as a law clerk for the United States Court of Claims in Washington, D.C. and as an Attorney Advisor in the Office of Tax Legislative Counsel, U.S. Treasury Department, in Washington, D.C.
- Advisory board of the NYU Institute on Federal Taxation, the Editorial Board of Estate Planning Magazine and the Attorney Advisory Board for Merrill Lynch Trust
- Lectured extensively on innovative tax and estate planning strategies and is the author or co-author of many articles including; Journal of Taxation, Trusts and Estates, The Tax Executive, Estate Planning, C.L.U. Journal, Real Property Probate & Trust Journal, NYU Institute on Federal Taxation, Southern California Institute on Federal Taxation, CCH Financial and Estate Planning, Community Property Journal and Tax Notes
- J.D. degree, St. John’s School of Law; M.B.A. degree in taxation, with honors, University of California at Berkeley; LL.M degree in taxation, with honors, George Washington University School of Law
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
