From the program: International Estate & Tax Planning 2017

Released on: May. 26, 2017

As individuals and business taxpayers increasingly globalize their personal and commercial activity, they expose themselves to greater legal and tax obligations.  Legal advisors must consult their clients with a complete understanding of applicable tax regimes and multijurisdictional issues.  Whether their clients are United States persons with assets or beneficiaries overseas, non-U.S. persons with ties to the U.S. or business entities ...

Recorded on: May. 23, 2017

DEAN BERRY: Thank you very much. And I'm going to turn the program over to my distinguished panel here. If you've attended this session in the past, you know that we usually spend a lot of time talking about foreign trusts, US connection, typically US tax issues. And what the panel is going to do today is look at some of the hard and interesting. So it's not just going to be a long summary of these are the rules, but a lot of those will come out in ...

Recorded on: May. 23, 2017

ROBERT DUMONT: It's a gray Monday morning. What should we start with? International informational disclosure forms. FATCA, CRS, the juicy bits. That's what we're going to start with. And I shouldn't make fun of it because it's not funny stuff. Often in cases where there is no substantive tax liability, there can be penalties imposed if you get the informational reporting incorrect. So it's very, very important. Karen Brodsky is a partner in the accounting ...

Recorded on: May. 23, 2017

THOMAS J. HANDLER: I'm going to start by just talking a little bit about exactly what these enterprises are and how they function. And I think, part of the reason that this area is not well-documented is that it's still a relatively nascent industry. In 1988, there was very little written about legal structures, liabilities, tax estate, risk management, asset protection-- almost nonexistent, as it related to family offices. Although there have been ...

Recorded on: May. 23, 2017

ROBERT DUMONT: Welcome back, everyone. Now that you've partially digested your lunch and fully digested this morning's program on disclosure compliance and enforcement, we're going to turn to planning-- estate planning and tax planning-- for international private clients. As well as being a generally sensitive guy, Steve Trow is a very tax-sensitive immigration lawyer. He has over 30 years of experience in US immigration and citizenship law and is ...

From the program: 48th Annual Estate Planning Institute

Released on: Sep. 14, 2017

Significant federal transfer tax and related income tax developments may occur during the first eight months of the Trump Administration, including the possible repeal of the federal estate tax.  The program will review any such transfer tax developments, and discuss how they may impact estate, trust and income tax planning, and how they may impact the administration of decedents’ estates.  Moreover, the program will review other ...

Recorded on: Sep. 13, 2017

SANFORD J SCHLESINGER: Great. Good morning and welcome to day two of the 48th Annual PLI Tax Planning Institute. Connie and I were talking about how long this has been going on and how long I've been doing it. And I don't remember. I really don't at this point, because before I chaired it, my partner at Shea and Gould, Allan Parker, chaired it, and I spoke on it. So I'm getting really scared that I may have been at almost every one of these. And that's ...

Recorded on: Sep. 13, 2017

SANFORD SCHLESINGER: OK. Welcome back, everybody. So we now have the thinking of the IRS. And hopefully, Cathy will come back next year, and we'll have a new tax law. Who knows? Now, since we still have an estate tax, we have to assume we're still going to have an estate tax. And we're going to do sophisticated and less sophisticated estate planning techniques. And our speaker is Blanche Lark Christerson, who is managing director of Deutsche Bank ...

Recorded on: Sep. 13, 2017

SANFORD J. SCHLESINGER: Whoa. No, 88%; yes, 12%. Wow. I'm not so sure you're right. We'll get to that, obviously, within the next hour. But I'm not so sure you're right. I'm really quite surprised that almost everybody thinks it won't be repealed. Now, that's a loaded question, right, a little bit because it doesn't say when and number two, I said the question is the transfer tax system, which means the estate, gift, and GST taxes. I wonder if the ...

Recorded on: Sep. 13, 2017

SANFORD J. SCHLESINGER: OK, one final session this afternoon. Very importantly, it's estate planning for fiduciary income taxation and trust. And what's very important about this subject, and I feel very strongly about it, is the fact-- I lost Stephanie's bio. You're leaving. And I lost your bio. So we're even. But this is a very important subject, frankly, because if you've been following closely today, or even not that closely, estate taxes do ...

Recorded on: Sep. 13, 2017

SANFORD J. SCHLESINGER: OK, welcome back for the afternoon session of second day, our final session. Very interesting, during lunch my assistant brought over my mail. And believe it or not, BNA has conspicuously reported Cathy Hughes' lecture yesterday. It's in there. So I read it, and it's an accurate reporting of it. And PLI did get credit for that's where she spoke. So we were lucky to have Cathy, and she's pretty newsworthy with IRS at this point. ...

Recorded on: Sep. 13, 2017

SANFORD J. SCHLESINGER: Our next subject-- and by way, I say it every year and I want to say it again, we try to change the subjects in alternating-- we try to change the subjects every year. So in case we don't cover something that's interesting to somebody, or we're covering too much of something, let us know because I do change this every year. And basically every other year, we do, for lack of a better term, asset protection planning as a subject ...

Recorded on: Sep. 13, 2017

Hi, we're back for our next session, which is on charitable planning. And the title of it is Estate Planning-- Choosing Wisely among Charitable Remainder Trusts. And I am thrilled to have as our speaker, Conrad Teitell, who is probably the quintessential expert on charitable planning. He is Principal in the Connecticut and Florida law firm of Cummings & Lockwood, based in Stamford, Connecticut. And he chairs the firm's national charitable planning ...

Recorded on: Sep. 13, 2017

SANFORD SCHLESINGER: OK. Welcome back, everybody, for our afternoon session on the first day. Some of this stuff, this afternoon, is going to flush out some of the things from this morning, and cover some new areas as well. So our next subject is Estate Planning in Anticipation of the Death and Resurrection of the Estate Tax. How premature can you be? The design administration of GRATs and QPRTs-- again, sophisticated planning-- obviously, a good ...

Recorded on: Mar. 15, 2018

Taken from the One-Hour Briefing Recorded March 2018 in New York Reconciliation Act of 2017: The End of Permanency [Total RunTime: 01:02:46] The Reconciliation Act of 2017 was enacted on December 22, 2017. Sanford (“Sandy”) J. Schlesinger, the founding partner of Schlesinger Lazetera & Auchincloss LLP, will discuss the transfer tax aspects of the Act, including the following:  The major gift tax, estate tax and generation-skipping ...

Recorded on: Mar. 21, 2018

AMY TAUB: Hello, My name is Amy Taub. And I'm a program attorney with PLI, a nonprofit learning organization. I would like to welcome you to today's briefing-- Reconciliation Act of 2017, the end of permanency. Before we begin, I have some administrative announcements. This briefing will be one hour in length. Please feel free to send questions at any time during the briefing. Please remember that you have access to material for this briefing via ...