The February 2020 Tax & Estate Planning Knowledge Circle will be held next Tuesday, February 25th at 2 pm ET.
Guest speaker David Murray with Sterling Foundations, will be presenting, "Secondary Planning for CRTs."
Attendees will learn about planning opportunities available to clients with existing Charitable Remainder Trusts (CRTs). These opportunities include the sale of a CRT income interest, which enables a client to capture the future value of their CRT income stream today, via a lump sum cash payment, and a CRT Rollover where a client uses their current CRT income interest to create a new CRT that is more reflective of their current goals (e.g., add children as income beneficiaries). We’ll also discuss why we expect to see a significant increase in CRT creations as a result of the recently-passed SECURE Act; and key considerations to be mindful of when creating a CRT as an alternative to a stretch IRA, which the SECURE Act has essentially ended.
David Murray is a Managing Director at Sterling Foundation Management, a national provider of back-office management for private foundations, charitable trusts, donor advised funds, and other charitable entities.
Dave works with a variety of audiences including attorneys, accountants, and financial advisors, primarily on secondary planning for charitable remainder trusts (CRTs), the tax implications of CRTs, and the role CRTs play in the estate and wealth planning of affluent clients.
Dave has been active in philanthropy and charitable planning since 2001 and spends most of his time educating advisors on various planning techniques. He speaks frequently on philanthropy to a range of audiences.
Dave received an undergraduate degree in Civil Engineering and an MBA from Queen's University in Kingston, Ontario and a master’s degree in Civil Engineering from the University of Alberta. He is a registered Professional Engineer (non-practicing). Dave has also completed a number of financial services industry courses.