Estate Planning for Your Client's Biggest Assets: Personal Residences and Vacation Homes CLE

Estate Planning for Your Client's Biggest Assets: Personal Residences and Vacation Homes

July 2012

Estate Planning for Your Client's Biggest Assets: Personal Residences and Vacation Homes

Convenient, timely, reliable, and affordable...

Teleseminars are midday continuing legal education conferences broadcast over the telephone. From the convenience of your office or home, you are able to dial into an 800 number, and hear nationally recognized practice leaders speak on important issues in the law. You are also able to ask them your

LINK:http://www.cobar.org/cle/item.cfm?eventid=TS070313L

How to Register

For course details or to register online, go to course of interest link above.

There are 2 easy ways to register:

1. CALL us! (303) 860-0608, or toll free (888) 860-2531

2. Or REGISTER ONLINE NOW by using the corresponding course links above.

Program Description:

Despite recent years of volatility in the real estate market, the most valuable asset of most people is still their personal residence or a family vacation property. Even modest properties, bought decades ago, have grown dramatically in value and represent a substantial share of the estates of many clients. Planning for these properties can be an equally substantial challenge - liquidity issues, integration with larger estate plans, family squabbles over emotionally important properties, income tax issues, and potentially issues involving conservation easements and charitable giving. This program will provide you with a practical guide to estate planning for personal residences and vacation properties, including uses of Qualified Personal Residence Trusts and LLCs.

- Use of Qualified Personal Residence Trusts (QPRTs) for transferring personal residences and vacation homes

- Traps in determining the donor's reserved interest in the property and the necessity of maintaining formality

- Tax rules involved with renting out the vacation home or property

- Non-QPRT transfer techniques - LLCs, non-QPRT trusts and more

- Conservation easements and protecting unique or distinctive family properties

- Issues arising when the property must be sold due to economic distress

- Techniques for keeping the residence or vacation property in the family and children from fighting over it

Faculty:

David T. Leibell is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where he has an extensive estate, trust and charitable giving practice. He previously worked in the financial services industry, specializing in the financial aspects of estate planning. Mr. Leibell is a frequent lecturer on fiduciary topics throughout the United States, and has authored many articles on charitable, estate and tax planning topics. He is the author of a monthly column in “Trusts & Estates” magazine. He also authors a column for “Registered Representative Magazine.” Mr. Leibell received his B.A. from Trinity College and his J.D. from Fordham Law School.