Distributions: Understanding Legal and Tax Consequences

Discussion of how to read dispositive language in Wills and Trust Instruments in order to identify specific bequests, pecuniary devises, split interest gifts, and residuary gifts.  Further discussion and analysis of the legal consequences of the type of distribution (i.e. does the gift bear interest, include income thereon, etc).  And finally, a discussion on the various tax consequences based on the type of distribution, both to the beneficiary and the trust (i.e. will the distribution be taxable to the beneficiary, will the trust recognize gain/loss on the distribution, etc).

Speakers

Kristin M. Kaminski, Esq.

Kristin M. Kaminski, Esq.

Maxey | Kaminski
https://lawmk.com/

Kristin M. Kaminski is a shareholder of Maxey Kaminski and certified as a Specialist in Estate Planning, Trust & Probate Law by the State Bar of California. The cornerstone of her practice is estate planning and administration, including trust administration and probate. During the planning process, Kristin provides tailored solutions to meet each client’s unique needs and desires, advising families and business owners on all aspects of estate planning. Kristin is a creative planner and takes the necessary steps to reduce the chances of litigation. Advising fiduciaries and beneficiaries in the administration and management of both taxable and non-taxable estates, Kristin understands that serving as a trustee or executor involves many complexities and she is dedicated to providing each client with compassion and peace of mind. Over the past decade, Kristin has worked with hundreds of individuals in California and Nevada to assist them in navigating the complex trust administration and probate process.  Kristin is an active member in the legal community, serving as the founding Vice Chair of the Placer Women Lawyers Section of the Placer County Bar Association and the past Vice President-Marketing of the South Placer Estate Planning Council. She is also a member of the Probate & Estate Planning Section of the Placer County Bar Association, a volunteer with the Placer County Self Help Probate Workshop, and a past volunteer with the Sacramento Estate Planning Clinic. Additionally, Kristin was selected for the past four years as a Northern California Rising Star by Super Lawyers, a Thomson Reuters business, which recognizes no more than 2.5 percent of attorneys in the state.

Rebecca L. Van Loon, Esq.

Rebecca L. Van Loon, Esq.

Solomon Ward Seidenwurm & Smith, LLP
https://swsslaw.com/

Rebecca L. Van Loon, Esq., is an estate planning, trust, and probate attorney and partner at the San Diego firm Solomon Ward Seidenwurm & Smith, LLP in San Diego.  Ms. Van Loon received her Bachelor of Arts, cum laude, in Political Science and Spanish, with a concentration in Entrepreneurial Leadership from Gonzaga University in Spokane, Washington, her Juris Doctor, cum laude, from Willamette University in Salem Oregon, and her LLM in Taxation, magna cum laude, from the University of San Diego.  Ms. Van Loon is also certified by the State Bar of California Board of Legal Specialization as a specialist in estate planning, trust and probate law.  Ms. Van Loon is a member of the San Diego County Bar Association and currently serves as a Member at Large and will be the 2022 in-coming Vice Chair of the Estate Planning, Trust and Probate Law Section Leadership committee.  Ms. Van Loon also serves as a member of the San Diego Blood Bank Financial Resource Development Committee and is the president of the San Diego branch of the Gonzaga University Alumni Association.