Tucson, Ariz. (April 8, 2025) – Daren J. Layton, a partner with Jennings Haug Keleher McLeod Waterfall’s Tucson office, will be leading a seminar for the Southern Arizona Estate Planning Council (SAEPC) on Fundamental Income Tax Issues Every Advisor Should Know.
The program will discuss how, in today’s high exemption environment, planning for unlikely transfer taxes (estate, gift, and generation-skipping) is often overshadowed by planning for minimization of the highly probable income tax that will be incurred by many clients and their beneficiaries. To be an effective advisor, you must have a firm understanding of the options and implications of income tax planning for estates and trusts. This presentation will identify various income tax issues every advisor should know and discuss strategies for mitigating income taxes for clients and their beneficiaries. Specific topics will include:
- Maximizing Basis “step-up” at Death
- Minimizing Basis “step-down” at Death
- Minimizing Income Taxation of Irrevocable Trusts
- Asset Swapping with Grantor Trusts
- Minimizing Valuation Discounts
Date: Wednesday, April 16, 2025
Time: 5:00pm – 7:00pm, including a reception, followed by dinner and the program.
Location: Arizona Inn, 2200 East Elm Street in Tucson, Arizona.
Register using this link. The event is open to members and non-members.
Daren’s legal practice focuses on lifetime planning as well as probate and trust administration matters. Daren assists clients in creating and implementing personalized estate plans, navigating income, gift and estate tax issues, business succession matters, and charitable planning. Daren regularly works with clients’ other professional advisers to ensure a holistic approach is provided and that each client’s specific goals are communicated and achieved. In addition to being a lawyer, Daren is also a certified public accountant (CPA) and in Fall 2023 and Spring 2025 he served as a co-adjunct professor at the University of Arizona James E. Rogers College of Law for an Estates & Trusts Course.
SAEPC is Southern Arizona’s leading association for professionals involved in estate planning, trust administration, tax and estate law. The mission of the SAEPC is to promote interest in and understanding of estate planning in Southern Arizona by establishing and presenting high quality programs of continuing education in estate planning; promoting cooperation among the estate planning community; and fostering the exchange of estate planning ideas. The SAEPC, which is affiliated with the National Association of Estate Planners & Councils (NAEPC), carries out its mission by providing a friendly and collegial setting in which members can exchange information and support.
About Jennings Haug Keleher McLeod Waterfall LLP
JKW is a full-service litigation and business law firm with extensive trial, litigation management, dispute resolution and complex litigation experience. The firm’s attorneys address a wide range of legal matters for businesses and individuals in the areas of antitrust, attorney regulation and ethics, appellate law, business law and litigation, banking, bankruptcy and creditors’ rights, civil rights and constitutional law, commercial real estate, construction, corporate law, employment, environmental, comprehensive estate planning, trusts, probate and administration services, family law, fidelity and surety, government relations and lobbying, insurance defense and coverage, medical and professional malpractice, municipal law, personal injury, energy regulatory matters and tribal law, as well as alternative dispute resolution. JKW has offices in Phoenix and Tucson, Arizona and Albuquerque, New Mexico to serve clients in the Southwest and throughout the United States. For additional information, visit jkwlawyers.com.
