Powers of Appointment Explained

$99.00

In this webinar, presenter Edwin Morrow will explain powers of appointment and their uses in estate planning, including the following:

How to differentiate trustee and fiduciary powers from nonfiduciary powers of appointment, and how to recognize them
How to best exercise powers of appointment and the dangers of appointing to revocable trusts
How lifetime powers of appointment can be used to shift income tax liability and avoid compressed tax brackets, including how beneficiary deemed owner trusts (BDOTs) work
When such powers can affect see-through trust status (and when they don’t) for trusts receiving individual retirement accounts after the Secure Act
How targeted and formula testamentary powers of appointment can be used to achieve a step up in basis for the most advantageous assets at death, without causing estate tax to be due
How upstream powers of appointment can be used to achieve a step up in basis step at a parent’s or grandparent’s death, and how to avoid the risks with such strategies
How powers of appointment that require the consent of another party affect a client’s exposure under state law and bankruptcy law and to estate, gift, and generation-skipping transfer taxes
Issues with adding such powers via decanting or court reformation to pre-existing irrevocable trusts

This course is eligible for 1.0 CFP credit. CFP credit approval will expire on 12/31/2026.

To receive certified financial planner (CFP) credit, you must complete a short multiple-choice quiz. You can expect 15-30 minutes to complete the quiz and must earn a passing score of at least 70 percent. Please note the following before you begin:

This on-demand program is not eligible for certified professional education (CPE) credit or continuing legal education (CLE) credit.
You will need to provide the attendance verification code given during the on-demand course and your CFP identification number, if applicable, so have them both ready before starting the quiz.
Upon passing, you will receive an email with your attached certificate. Keep this email for your records.
After you have passed the quiz, WealthCounsel will report your credits to the CFP Board within 14 days, if applicable.
If you need to self-apply or submit information to an organization for other types of continuing education credit, contact shopcle@wealthcounsel.com for the agenda, speaker bio, and written materials.

Click here to start the quiz.