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Trust and Estate Planning for Second Marriages (Live Replay from April 13, 2021)


Second marriages pose a wide range of planning challenges. Planning for the equitable distribution of property in "blended" families – children or grandchildren from a prior marriage, a second spouse, and perhaps children from the second marriage – is fraught with legal and emotional landmines well beyond customary tax planning. Failure to carefully consider objectives and consequences and to communicate and execute plans can easily leave a client's estate exposed to open and raw disputes among competing heirs and eventually to destructive fiduciary litigation.

This program provides a guide to the practical, substantive and tax aspects of planning for clients with second marriages and blended families.

  • Emotional context of planning for remarried clients and blended families
  • Use of pre-martial agreements to spot contentious issues, align interests, and decrease post-mortem litigation
  • Income tax planning issues for the second marriage, including exemptions and credits
  • Use of trusts and gifting to prevent unjust enrichment of one branch of a blended family
  • Traps and opportunities with retirement benefits
  • Post-mortem planning techniques when the first spouse dies – and issues on the "second death"

DETAILS
Phone/Audio
Wednesday, July 21, 2021
1:00–2:00 PM

SPEAKERS

  • Michael Sneeringer, Porter Wright Morris & Arthur LLP, Naples, FL
  • Missia H. Vaselaney, Taft, Stettinius & Hollister LLP, Cleveland, OH

PRODUCED
April 13, 2021

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.