KIAWAH ISLAND, SC—Womble Bond Dickinson attorney Elie Foy spoke on “Drafting in Uncertain Times” at the North Carolina Bar Association’s 40 th Annual Estate Planning and Fiduciary Law Program.
With the sea-change to federal transfer tax laws brought about by the 2017 tax act and the very real possibility of a sunset of those favorable changes in a few years, drafting for flexibility is critical for planners. In this presentation, Foy discussed planning considerations and drafting techniques available to practitioners to take advantage of the increased basic exclusion amount, including flexible QTIP terms, lifetime gifting strategies and basis adjustment planning.
The NCBA Estate Planning and Fiduciary Law Program provided three mornings of innovative CLE programming covering significant estate planning, estate administration and tax issues and a wide range of topics for both new and experienced lawyers. This program–attended by attorneys, CPAs, trust companies and other estate planning professionals from North Carolina and beyond—coincided with the annual meeting of the NCBA’s Estate Planning & Fiduciary Law Section.
The program took place July 25-27 in Kiawah Island.
Elie Foy is a board-certified specialist in estate planning and probate law with extensive experience working with clients to effectively transfer wealth, whether during life or upon death. With more than a decade of legal experience, Foy practices in the areas of estate planning, wealth preservation and estate and trust administration. She recently completed a term as president of the Wake County Estate Planning Council.