The Nuts and Bolts of Formula Clauses: Planning, Drafting, Reporting, and Defending Them

Description

A properly drafted and followed formula clause in a will or gift transfer document can limit liability for estate or gift taxes. If the IRS or a court later redetermines the value of the transfer, the formula clause acts to adjust the amount of assets transferred to correspond to a specified dollar value. Review the specifics of clauses in this session.

Megan Wernke, Esq. &  Melissa Wiley, Esq., Caplin & Drysdale

Course Level
TBD
Professional Area of Focus
Estate and Trust Law
Elder Law
Disability Law
Tax Law
CLE Field of Study
Continuing Education Legal Credit
1
Instructor(s)
Megan Wernke Melissa Wiley
Event Information
When
Available 24/7
Location
Online
Total CLE Credits
1
Format
On-Demand

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The Nuts and Bolts of Formula Clauses: Planning, Drafting, Reporting, and Defending Them