Planning Opportunities and Pitfalls with Power

Planning Opportunities and Pitfalls with Power

Planning Opportunities and Pitfalls with Power

November 5, 2020

The power of appointment is in some respects the original power used to maintain flexibility in an irrevocable trust. It remains the most powerful option for allowing for future changes and giving a beneficiary control without causing estate tax inclusion. This webinar will discuss how powers of appointment are used in both routine and unique situations. Discussion highlights include:

  • Types of powers of appointment and the tax consequences
  • Restrictions on exercise of a power of appointment that the trust professional should be aware of
  • Creative planning with powers of appointment

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

Speakers: 

Thomas W. Abendroth, Partner Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

“Planning Opportunities and Pitfalls with Power” has been approved for:

  • 2.0 CTFA Credits
  • 1.5 CPEs for CPAs (Business Law) Credits
  • 1.5 Maine CLE Credits

RSVP amelia.kurtz@portlandtrust.com or 558-6222