Webinar
This course is drawn from Steve Gorin’s 4th quarter 2025 newsletter. Two-thirds of it will be devoted to using trusts to avoid various adjusted gross income (AGI) and various other income thresholds imposed by H.R. 1, enacted July 4, 2025. The rest will discuss how to navigate issues arising when bequeathing a business to charity.
Non-grantor trusts can help owners of partnerships (LLCs) get a higher 20% deduction for qualified business income by having an additional taxable income threshold amount and by generating wages. They can help avoid self-employment tax, shield the individual owner from reductions in itemized deductions, and improve the timing of loss recognition. In addition to describing these and other benefits, Steve will discuss how to move a partnership (LLC) into a nongrantor trust.
January 27, 2026
2:00 PM CT
If you are interested in receiving CA, IL, MO, NY, or TX CLE credit for watching the recorded presentation, you must register for the program by clicking here.
A trust holding marketable securities may create an S corporation and make an electing small business trust election to trap income notwithstanding distributions to the beneficiaries. This helps the beneficiaries from reductions in itemized deductions and preserves other federal income tax benefits. When the trust is not subject to state income tax, but the beneficiaries are, state income tax savings may be significant. Steve will discuss how to plan for the termination of the trust, which raises additional issues not present in the absence of this strategy.
The final portion of the program will help those who want to bequeath part or all of their business to charity. If one wants their estate to sell their business interest and then distribute it to charity, placing conditions on the bequest may create uncertainty regarding the charitable estate tax deduction. Steve will discuss practical drafting and administrative issues in using a shark fin charitable lead trust to accomplish that.
CLE
The live presentation of this webinar was approved for 1.50 hours of general CLE credit in California, Illinois, and Texas; 1.80 hours of general CLE credit in Missouri; and 1.50 hours of professional practice CLE credit in New York. Please visit the CLE Overview page to see how the CLE credit for this recorded webinar can be applied in CA, IL, MO, NY, & TX.
If you are interested in receiving CA, IL, MO, NY, or TX CLE credit for watching the recorded presentation, you must register for the program by clicking here.
Participants will only be emailed a Certificate of Attendance if the webinar is viewed in its entirety. If you were unable to view the webinar in its entirety, please contact webinarinquiries@thompsoncoburn.com to see if you are eligible to receive partial credit.
If you do not receive your Certificate of Completion, please e-mail webinarinquiries@thompsoncoburn.com.
