Charitable Remainder Trusts (“CRTs”) have become a common planning discussion topic lately, perhaps in large part to the consideration of using CRTs as beneficiaries of IRAs now that the Secure Act has eliminated the stretch IRA for most beneficiaries. But planners need to understand how CRTs work, the many variations of CRTs (CRATs, CRUTs, NI-CRUTs, NIM-CRUTs, Flip-CRUTs), and how to plan and administer CRTs.), How to plan and administer CRTs.
CRTs can be a powerful tool for retirement plan assets, but for many other planning techniques as well. For example, the use of a CRT in planning the sale of a closely held business (charitable bailout), the use of life insurance to replace the wealth a charity will receive on the backend of a CRT (wealth replacement trust) and other techniques, should be part of the practitioners planning tool-kit. If the election results in a change in Washington and higher income tax and capital gains rates, the use of CRTs will grow.
This webinar will provide an overview of CRT planning, including CRT basics, and a discussion of the advanced application of CRT techniques.
Evan is a recognized expert and sought-after speaker in the field of charitable planning, and CRTs in particular. He speaks widely to a variety of audiences including attorneys, accountants and financial advisors, primarily on the sale of income interests in CRTs, CRT rollovers, tax implications of CRTs, and the role CRTs play in the estate and wealth planning of affluent clients.
Evan's articles have appeared in publications such as Estate Planning, NAEPC’s Journal of Tax & Estate Planning, Wealth Strategies Journal and Atlantic Trust’s Trusted Advisor. He was also the lead editor of Managing Foundations and Charitable Trusts (Bloomberg Press), which is largely regarded as the definitive guide to managing charitable entities.
Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Fort Lee, New Jersey, and New York City, New York with Shenkman Law. His practice focuses on estate and tax planning as well as planning for closely-held businesses and estate administration. Throughout his career, Mr. Shenkman received awards and acknowledgments from the New Jersey Bar Association, Worth Magazine, CPA Magazine, the American Cancer Society, and the AICPA. Mr. Shenkman holds a Bachelor of Science from the Wharton School at the University of Pennsylvania, an MBA from the University of Michigan, a law degree from Fordham University School of Law and is admitted to the bar in New York, New Jersey, and Washington D.C.