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Year-End 2022 Estate Planning
December 22, 2022 @ 4:00 pm – 5:30 pm EST
Year-end tax planning for 2022 is different from prior years. Practitioners might recommend traditional annual gift planning but for some (perhaps many) clients, annual gifts may not be worthwhile.
We’ll explore the pros and cons of annual gifts and nuances such as GST implications. There is also still time for practitioners to encourage clients to retitle assets and take other steps in anticipation of the 2026 reduction in the exemption amount. Taking some steps before the end of 2022 may reduce the risks of step transaction or reciprocal trust challenges against SLATs and other planning strategies. This type of planning will be discussed based on the somewhat unique 2022 year-end tax planning environment, lessons from the Smaldino case, and other perspectives.
The speakers will also discuss the following topics:
- Year-end planning strategies considering the proposed “clawback” regulations
- Monitoring trust income in light of trust compressed tax rates and considering the 65-day rule
- How to shore up valuation adjustment clauses in year-end transactions
- Valuation issues practitioners should be concerned about (the GRAT CCA and Batty case)
- Recission as a possible remedy for unintended 2022 transactions
- And more.
The webinar will also discuss charitable gift planning, which has always been a common year-end practice, but recent cases emphasize the need for practitioners to caution clients to carefully comply with substantiation and other requirements.
Join us for a summary of what your clients may need to know – and do – before the new year.
Continuing Education Credits
InterActive Legal is not an approved Continuing Education (CE) Sponsor. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by the webinar sponsors.
Mr. Blattmachr is a Principal in ILS Management, LLC and a retired member of Milbank Tweed Hadley & McCloy LLP in New York, NY and of the Alaska, California and New York Bars. He is recognized as one of the most creative trusts and estates lawyers in the country and is listed in The Best Lawyers in America. He has written and lectured extensively on estate and trust taxation and charitable giving.
Martin M. Shenkman is an attorney in private practice in Fort Lee, NJ, and New York City. His practice concentrates on estate and tax planning, planning for closely held business, and estate administration. Mr. Shenkman is an author of over 40 books and more than 800 articles. He is an editorial board member of Trusts & Estates Magazine and the Matrimonial Strategist, and an advisor for InterActive Legal. He is the recipient of many awards including being a 2013 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. Mr. Shenkman was named Financial Planning Magazine 2012 Pro-Bono Financial Planner of the Year for his efforts on behalf of those living with chronic illness and disability. Investment Adviser Magazine featured him on the cover of its April 2013 issue naming as the lead of their “all-star lineup of tax experts.”