Gifts to Minors Out of Stock
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Clients wish to make gifts to minors for many reasons, including setting aside funds to pay for college, reducing the size of their estates for estate tax purposes by making annual exclusion gifts, or simply making an outright gift to help children and grandchildren.
This half-day seminar will give practitioners an overview of several commonly used alternatives for making gifts to minors.
Overview of Gifts to Minors and Colorado Uniform Transfers to Minors Act
- Pros/cons regarding the most common methods of gifting to minors
- Overview of the Colorado Uniform Transfers to Minors Act
- Mechanics of making a gift under UTMA
- Who can serve as custodian
- How successor custodians are appointed or designated
- Custodian's powers and duties
- Beneficiary rights
- Income, gift and estate tax implications of UTMA gifts
Presented by Laurie A. Hunter
529 College Savings Plans
- Planning for higher education
- 529 federal tax benefits
- Colorado income tax deduction
Presented by Kaylynn Hemlock
Crummey Trusts and 2503(c) Trusts, and Estate Transfers
- Requirements under the Internal Revenue Code
- Sample language
- Options for Distributions to Minors from Estates
Presented by Laurie A. Hunter
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $199.00 USD
- Member Price $179.00 USD
- General Credits 3.00
- Ethics Credits 0.00
- EDI Credits