David J. Spacht, member of Pryor Cashman’s Trusts + Estates, Private Client and Tax Groups, published an article in the WG&L Estate Planning   Journal. The article titled 'Taking the pressure out of pandemic planning: Drafting irrevocable trusts with flexible mechanisms' discusses why now is a good time to consider incorporating irrevocable trusts with flexible mechanisms into your estate plan, given the potential reduction of the federal gift tax exemption in the years ahead, the socioeconomic uncertainties caused by the Coronavirus pandemic, and historically low-interest rates.

Read the article in full in the attached PDF. Journal publications are accessible in full through Thomson Reuters Checkpoint paid products. See the link below.