WESTERN MICHIGAN ESTATE PLANNING COUNCIL

Presentation:
Mr. Berry will discuss helpful and interesting charitable planning strategies that may help families achieve their individual giving goals while also advancing their family estate planning objectives.  Audit proofing family gifts and sales, and estates, with charitable pour-over clauses and disclaimers provisions are hot topics for discussion, as are using gift annuities as charitable bequest substitutes and providing for the payment of estate income to obtain income tax deductions for non-taxable estates.

For many taxpayers, charitable distributions from irrevocable trusts are more efficient than income distributions to a beneficiary followed by a charitable contribution, and we will explore strategies to enable trusts to take those deductions.  With rising interest rates, another popular transaction is the gift of a remainder interest in a house or farm to charity, sometimes with a family buy-back of that interest.  The Biden Administration Green Book issued March 9 wants to eliminate back-loaded charitable lead annuity trusts, so they must be beneficial!  We’ll discuss whether they are, and how, as interest rates rise and fall. 

Two other topics will round out the hour – using section 501(c)(4) organizations to avoid the private foundation rules, and transfers of minority interests to charity which can sometimes produce amazing results.

Speaker's Biography:
Turney P. Berry is with the Louisville Office of Wyatt, Tarrant & Combs, LLP and the leader of the firm’s Tax, Business & Personal Planning Service Team.  Mr. Berry concentrates his practice in the areas of estate and business planning, estate and trust administration, and charitable planning. 

Mr. Berry is past Regent of the American College of Trust and Estate Counsel (better known as ACTEC), has been President of the ACTEC Foundation, Kentucky State Chair, and chair of the Charitable Committee and the Estate and Gift Committee, and is currently Chair of the State Laws Committee.  He is a Uniform Law Commissioner and a member of the Joint Editorial Board for Trusts and Estates.  He is a Fellow of the American College of Tax Counsel, a member of the American Law Institute, and serves on the Heckerling Institute Advisory Committee, the Advisory Committee for Bloomberg/BNA, and the Advisory Committee for Trusts and Estates monthly. 

Mr. Berry is a frequent lecturer and writer, teaches Business Succession Planning in the University of Miami Estate Planning LLM program, and has been an adjunct professor at the Vanderbilt University School of Law, the University of Louisville Brandeis School of Law, and the University of Missouri School of Law.

Thank you to our Event Sponsors!

Parking: Miller Johnson will validate parking in their ramp.

Cost: There is no charge for this event but space is limited.
 

Registration for this event is at capacity. Please email admin@westernmichiganepc.org to be added to the waiting list.