On Tuesday, Oct. 4, Nelson Mullins Partners Blake Betheil and Maurice Holloway will participate in a webinar hosted by Strafford titled "Beneficiary Deemed Owner Trusts Under IRC 678(a)(1): Using BDOTs for Income Tax Savings and Simplification."

This course will provide a comprehensive and practical guide to structuring a beneficiary deemed owner trust (BDOT). The panel will discuss the provisions of Section 678 in depth, detail the income tax benefits of granting beneficiaries' withdrawal rights over trust income but not principal, and distinguish BDOTs from beneficiary defective inheritor's trusts and other similar structures.

Betheil and Holloway will provide a practical guide to achieving income tax savings and beneficiary control over trust assets through a BDOT.

Betheil's practice primarily focuses on estate planning and asset protection planning for a wide array of affluent individuals and their businesses. He advises individuals owning family wealth or closely held businesses regarding tax planning, inter–generational transfers of wealth, charitable giving, and transfers of business interests.

Holloway practices in the areas of corporate and business entity law, taxation, estate planning, and business law.