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Dynamic & Creative Charitable Planning: CLAT Planning


Cost Free
Presentation Length 1.0 hour

Recorded DateJanuary 12, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Charitable Lead Annuity Trusts (“CLATs”) constitute the most potent and best-fit estate and gift planning arrangement for many affluent taxpayers. The 100% of AGI charitable deduction that is available in 2020, the ability to withdraw money from an IRA and donate all of the amounts received to charity under the 100% of AGI rule, and possible reduction of the estate tax exemption in 2026 or sooner makes the determination of if and when to use a CLAT as opposed to other options or in conjunction therewith, an important decision.

Learning Objectives:

  • Determine how a lifetime CLAT can save both income and estate tax while benefitting a family-controlled or other charity in a flexible manner

  • Recall the numbers on CLATs, including the use of spreadsheets that will be shared with attendees as Excel file

  • Determine the advantages and disadvantages of a fixed annual payment, 20% per year increase, or Shark Fin CLAT

  • Determine when to use a grantor or non-grantor CLAT

  • Identify how CLATs work with other planning devices

  • Identify possible CLAT termination and directed charitable payments and remainder beneficiary rights

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Gassman crotty den

Alan S. Gassman, J.D., LL.M., is a board-certified estate planning and trust lawyer who practices in Clearwater, Florida. He has an LL.M. in taxation from the University of Florida and practices in trust and estate planning, tax, wealth preservation, and the representation of physicians and medical practices.
Mr. Gassman speaks at many tax conferences, national programs, and webinar platforms, including Bloomberg BNA Tax and Accounting and the Notre Dame Tax and Estate Planning Institute.


Gassman crotty den

Brandon Ketron is an associate at the law firm of Gassman, Crotty, and Denicola, P.A. and practices in the areas of Estate Planning, Tax, and Corporate and Business Law. Brandon graduated from the University of Florida in May of 2016, where he received his LLM in Taxation. He received his JD from Stetson University College of Law and graduated cum laude. Brandon received his undergraduate degree from Roanoke College, where he graduated cum laude with a Business Administration degree and concentrations in accounting and finance. Brandon is licensed to practice law in Florida and is a licensed CPA in Florida and Virginia.

Dechert llp

Michael A. Lehmann advises tax-exempt organizations on a wide variety of global tax matters. He has extensive experience representing nonprofit organizations, including healthcare providers, social services agencies, alcohol and substance abuse centers, scientific research organizations, religious organizations, museums, trade associations, private foundations, arts, community development, and social welfare organizations. Mr. Lehmann counsels clients on obtaining and maintaining federal, state, and local tax-exemption; obtaining real property tax exemption; executive compensation; joint ventures and partnerships between non-profit and for-profit organizations; employee benefits; tax disputes, audits, controversies, and protests involving the Internal Revenue Service, the New York State Department of Taxation and Finance and the New York City Department of Finance.

About Our Presenter

Gassman crotty den

Our firm was formed in 1987 with one lawyer and a shared secretary and receptionist to provide representation to professionals, business owners and retirees in their estate and related tax and personal planning, business and corporate needs.

Since then we have grown to 6 lawyers and over 20 staff, which we have found over the past two decades to be the best size for us. We are very proud of our team, our systems, and our dedication to providing the best and most appropriate legal services for all clients, whether big or small. Our lawyers meet together almost every morning to discuss and work together on cases, strategies and practice improvement projects in order to work the most efficiently and effectively for our clients. We like what we do and enjoy working together.