Snap, Crackle, Swap: The Substitution Power in Grantor Trusts
December 3, 2019 @ 12:00 pm - 1:00 pm EST
Guest Speaker: L. Paul Hood, Jr., JD, Speaker/Author/Consultant, PPI Dean of the Cutting Edge
Host: John A. Warnick, Esq., Founder, Purposeful Planning Institute
Description: Grantor trusts are ubiquitous in estate planning, but significant uncertainty still exists amongst practitioners about the “right” powers to make the trust a grantor trust for income tax purposes. In this program, Paul Hood will conduct an exhaustive analysis of the power to swap assets with a grantor trust, which two revenue rulings made much more common in use.
Introduction to Our Guest Speaker
L. Paul Hood, Jr., JD, Speaker/Author/Consultant
L. Paul Hood, Jr. received his J.D. from Louisiana State University Law Center in 1986 and Master of Laws in Taxation from Georgetown University Law Center in 1988. Paul is a frequent speaker, is widely quoted and his articles have appeared in a number of publications, including BNA Tax Management Memorandum, BNA Estates, Gifts & Trusts Journal, CCH Journal of Practical Estate Planning, Estate Planning, Trusts & Estates, Valuation Strategies, Digest of Federal Tax Articles, Loyola Law Review, Louisiana Bar Journal, Tax Ideas, The Value Examiner and Charitable Gift Planning News. He has served as adjunct professor of law at The University of Toledo College of Law and at Ohio Northern University Pettit College of Law. He has spoken at programs sponsored by a number of law schools, including Duke, Georgetown, NYU, Tulane, Loyola (N.O.) and LSU, as well as many other professional organizations, including AICPA and NACVA. From 1996-2004, Paul served on the Louisiana Board of Tax Appeals, a three member board that has jurisdiction over all Louisiana state tax matters. A self-described “recovering tax lawyer,” Paul is the author or co-author of seven books, and is the proud father of two sons. Happily married to Carol A. Sobczak, Paul lives with Carol in Toledo OH, where he regularly speaks, writes and consults.