Saturday, June 28, 2014
The American Law Institute Continuing Legal Education (ALI CLE) is holding a CLE entitled, Beyond Estate Tax: Balancing Income, Property, and Estate Tax Aspects of Estate Planning, on July 15, 2014, from 12:30 – 2:00 p.m. Eastern, available via telephone seminar or audio webcast. Here is why you should attend:
Simply because the American Taxpayer Relief Act of 2012 does not “sunset” does not mean that transfer tax laws will remain forever as they are today. Tax advisors and their clients must continue to be mindful of transfer tax planning opportunities using currently favorable tax law.
In considering the use of the plethora of lifetime and testamentary estate planning strategies available to our clients, however, a careful balance must now be struck between planning for possible transfer tax savings at the cost of increased income, capital gains or property taxes from the loss of the basis step-up at death. And, as has always been the case, consideration must be paid to the non-tax burdens on clients of lifetime planning to avoid taxes that will only be imposed after they are dead and may only result in a relatively marginal tax benefit to the clients’ family.
Join nationally recognized estate planners for a thorough discussion of factors to be considered in striking the balance among income, property and estate tax aspects of estate planning--designed to minimize overall tax burdens, in life as well as in death.