Most charitable remainder trusts (CRTs) are tied to clients’ lifetimes and tend to have long lifecycles; usually several decades. At its inception, the CRT is a perfect fit with the client’s situation, and most CRTs remain good fits early in the overall lifecycle (the first decade or two). But beyond that, the fit often wanes because the CRT can’t adjust to changes in the client’s life, which are inevitable over the CRT’s long lifecycle. Many clients in this situation are unaware that several planning options exist, and advisors can both spot the misalignment and present the potential fixes to the client.
Attendees Will Learn:
Sterling Foundation Management
President
[email protected]
(703) 677-8747
Evan is a recognized expert and sought-after speaker in the field of charitable planning, and CRTs in particular. He speaks widely to a variety of audiences including attorneys, accountants and financial advisors, primarily on the sale of income interests in CRTs, CRT rollovers, tax implications of CRTs, and the role CRTs play in the estate and wealth planning of affluent clients.
Evan's articles have appeared in publications such as Estate Planning, NAEPC’s Journal of Tax & Estate Planning, Wealth Strategies Journal and Atlantic Trust’s Trusted Advisor. He was also the lead editor of Managing Foundations and Charitable Trusts (Bloomberg Press), which is largely regarded as the definitive guide to managing charitable entities.
Shenkman Law
Dual Practitioner, Financial Planner
[email protected]
(201) 845-8400
Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Fort Lee, New Jersey, and New York City, New York, with Shenkman Law. His practice focuses on estate and tax planning as well as planning for closely-held businesses and estate administration. Throughout his career, Mr. Shenkman received awards and acknowledgments from the New Jersey Bar Association, Worth Magazine, CPA Magazine, the American Cancer Society, and the AICPA. Mr. Shenkman holds a Bachelor of Science from the Wharton School at the University of Pennsylvania, an MBA from the University of Michigan, a law degree from Fordham University School of Law. He is admitted to the bar in New York, New Jersey, and Washington D.C.