Estate Planning for Family Law Attorneys
Date: Oct 5, 2023 9:00 a.m. – 12:35 p.m.
Location: Online
Member Price: $160
Non-Member Price: $200
Areas of Law: Estate Law, Family
Earn up to 4 credits! (More Information)
Keynote
Moderator
- Catherine Romania, Esq.
- Witman Stadtmauer PA, Florham Park
Presenters
- Gary R. Botwinick, Esq.
- Einhorn Barbarito Frost & Botwinick PC, Denville
- Angela Titus McEwan, Esq.
- Day Pitney LLP, Parsippany
Though a different set of laws governs estate planning and family law, family law and estate planning issues frequently intermingle. For example, a prenuptial agreement may be coordinated with an estate plan and people going through a divorce need to know how property distribution in the divorce will affect their estate plan. This informative seminar will give family law attorneys the information they need to advise their clients on how marriage and divorce impact estate planning and how they can use estate planning to help protect their assets and financial interests before and after a divorce.
Topics include:
- Basics including:
- Federal lifetime gift and estate tax exemption (“Exemption”)
- Marital deduction
- Annual Exclusion
- Gift Splitting
- Portability
- Equitable Distribution 1041 and need to consider basis/ tax consequences on sale
- Signing joint income tax returns - Burstztyn v. Bursztyn, 379 N.J. Super. 385 (App.Div. 2005)
- Innocent spouse
- Probate vs. Non-probate assets
- Intestacy
- Elective Share
- Omitted Spouse/Omitted Child
- Disinheritance and Death during divorce
- Types of Planning Documents
- Issues to address in Estate Planning
- N.J.S.A. 3B:3-14 and the Effect of Divorce on Prior Wills and Beneficiary Designations
- Use of trusts in family law
- Types of trusts
- Review of Trusts of a Client’s Family
- How trusts can be a factor in financial negotiations
- Possible modification or decanting of trusts
- Creating Trusts as Part of the Settlement for spouse and children including Supplemental or Special Needs Trusts
- Planning for education
- Life Insurance – review of policies, what if they are in trust, common problems, cost considerations
- Consideration of federal estate and gift tax exemption (and income tax issues) in premarital agreements and property settlement agreements
- Family Business – Operating Agreement or shareholder’s agreement may control, not allow ownership by divorcing spouse, fix value for buyout etc.
Important Information About Our Events, Meetings, and More:
To secure your spot and receive important updates about our events, meetings, and other gatherings, such as schedule changes, remember to register in advance.
Digital Materials & Environmental Commitment: As part of our commitment to environmental sustainability, unless otherwise noted, all seminar materials are provided as digital downloads. You can access these materials through:
- The “My Links” section at the top of our website for in-person or online events
- Or, for online programs, the event access link included in your joining instructions
Cancellation and Refund Policy:
If you need to cancel your registration and are not transferring to another program or date, please submit a written request to us at least three business days before the event, meeting, or gathering. You will receive a refund minus a $20.00 cancellation fee. No refunds or registration changes will be issued within three business days of the event, meeting, or gathering.
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Scholarship & Financial Assistance Policy:
Read our Scholarship & Financial Assistance Policy and submit an Application here: https://njsba.com/njicle/cle-programs/scholarship/