Not Your Ordinary Trusts
Registration and cocktails
Dinner
5:15pm – 6:00pm
Program
6:00pm – 7:00pm
RESERVATIONS
by Friday, October 11th
You will be sent a return email confirmation.
About the Program
You may have heard of some of these exotic trusts and indeed there are situations where they are the perfect technique for the client! This presentation will describe: (1) certain nonconventional estate planning techniques, including the use of an incomplete non-grantor trust (“ING”), spousal lifetime access non-grantor trust (“SLANT”), beneficiary defective inheritor’s trust (“BDIT”) and beneficiary deemed owner trust (“BDOT”), (2) the legal underpinnings behind these techniques, (3) when and why these techniques could be beneficial, and (4) the risks these techniques present and best practices to minimize those risks.
About Karin Prangley
Karin has spent her entire career advising successful business owners on the preservation of wealth. While each of her clients has a unique objective that she helps fulfil, Karin’s particular expertise ranges from (i) saving income and estate taxes on the sale of a business, to (ii) assisting clients with the achievement of their philanthropic goals, to (iii) preparing the next generation to inherit liquid wealth or a going-concern family business. Karin provides family-office level service to each of her approximately 80 clients in the West and Midwest from the Chicago Private Banking and Investment Advisory office of Brown Brothers Harriman & Co.
Prior to joining Brown Brothers in 2014, Karin was a partner in the tax and estates group of a boutique Chicago law firm.
Karin has a particular expertise advising the crypto and/or tech-oriented entrepreneur and has been quoted extensively in local and national newspapers and magazines and featured on WSBT and WBBM’s evening news for her views regarding cryptocurrency, digital assets and estate planning. She received a B.A. in Business, summa cum laude, from Mount St. Mary's University and a J.D. from the University of Virginia School of Law, where she was elected to the Order of the Coif and was published in the Virginia Tax Review. Karin resides in Chicago with her husband and three young children.
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