47th Annual Estate Planning Institute hosted by PLI
Vice Chairman, Stephen M. Breitstone is speaking on Fiduciary Income Taxation and Grantor Trusts
• The new paradigm: Income tax verses transfer taxes – ascendancy of income tax planning
• Fiduciary income tax 101
• Importance of State taxation
• Basis as the new goal
• What administration expenses are deductible now that the dust has settled?
• Obamacare: Trustee’s role in application of net investment income tax– what is passive? What is active?
Why You Should Attend
Significant federal transfer tax developments have recently occurred, including the new income tax basis consistency requirements under the Service Transportation and Veterans Health Care Choice Improvement Act of 2015, and the Internal Revenue Service’s proposed regulations under the Achieving a Better Life Experience (“ABLE”) Act. In addition, President Obama’s budget for the government’s fiscal year ending September 30, 2016 contains additional major proposals for federal transfer tax and income tax changes.
The program will review these transfer tax developments, proposed federal tax law changes and state law developments, and discuss how they may impact estate, trust and transfer income tax planning, and how they may impact the administration of decedents’ estates. Moreover, the program will review other recent developments regarding estate, trust and transfer tax and income tax planning.
What You Will Learn
• An update on recent developments in all areas of estate, trust and transfer tax planning
• A review of the new income tax basis consistency requirements
• A review of the Administration’s current transfer tax and income tax proposals
• Drafting estate planning documents to comply with and take advantage of current transfer tax laws
• Income tax planning for estates and trusts
• A review of the Service’s proposed regulations under the ABLE Act
• Portability’s advantages and pitfalls
. . . and much more!
Who Should Attend
Attorneys and other professionals who specialize in estate planning and life insurance and transfer tax planning, including accountants, financial planners, trust officers, and anyone else whose practice requires a solid understanding of estate planning.
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