Recorded on: Sep. 13, 2017

Taken from the Web Program Recorded September 11 - 12, 2017 in New YorkEstate Planning: Choosing Wisely Among Charitable Remainder Trusts [01:02:05]• Income tax savings NOW for Clients’ Deathtime Gifts • Trust selection, the tax rules and drafting techniques • Contributing life interests in existing CRTs • Early termination and division of assets between the parties - Maximizing benefits and avoiding ...

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 ...

From the program: International Estate & Tax Planning 2018

Released on: May. 28, 2018

As individuals and business taxpayers increasingly globalize their personal and commercial activity, they expose themselves to greater legal and tax obligations. Legal advisers 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 with a mix ...

Recorded on: May. 22, 2018

MEGAN R. WORREL: The next panel, we have Karen Brodsky here who's a partner at Deloitte. Dave, I was going to pronounce your last name wrong. I'm sorry. David Warco, also a partner at Deloitte. Karen is the Deloitte head of their global private client team. And Dave's practice is international tax, a little more on the corporate side. I've mentioned this before. And personally for me, as a private client lawyer, I work very closely with a corporate ...

Recorded on: May. 22, 2018

MEGAN R. WORRELL: So Carl is here at the private client group of Day Pitney here in New York. And really, all of our speakers today are internationally recognized speakers. So I'm trying to tell you some of the things that are a little different about them. Carl comes from a business tax background before he became a private client lawyer. So he brings a lot of good, different experiences to the way he practices in this area. And he is also currently ...

Recorded on: May. 22, 2018

DEAN C. BERRY: Thank you. It's my great pleasure to introduce Barbara Kaplan. She's a shareholder of Greenberg Traurig. She is Co-Chair of the Global Tax Practice and Chair of the Tax Practice in the New York office. Her practice focus primarily on tax controversies, both civil and criminal, and she engages in litigation in courts with jurisdiction over federal, state, and local tax matters. She's a Fellow of the American College of Tax Council, ...

Recorded on: May. 22, 2018

MEGAN WORRELL: Hi, everyone, and welcome back from lunch. We're going to start out the right after lunch topic with foreign trust. So it's my pleasure to introduce here there's my co-chair today, Dean Berry, and his partner, Robert or Bob Lawrence also Cadwalader. Now Bob, you really don't need much of an introduction. You have every fancy title I can possibly think of. And I'll just really say one thing. Chambers calls Bob-- he's described as one ...

Recorded on: May. 22, 2018

ANDREW S. AUCHINCLOSS: So Shelly and I have the program where we are aiming at two things, really. We're going to try to knock out some of the basic material-- so apologies to those of you who've declared your-- who've been here five times or more and are expert in the field. We're aiming this presentation more at the people who are just getting into international planning. And so we're going to be knocking out some of the basics. Our second goal ...

From the program: 49th Annual Estate Planning Institute

Released on: Oct. 2, 2018

The Reconciliation Act of 2017 (the “2017 Act”), which was enacted on December 22, 2017, included significant changes to the federal transfer tax regime and related income tax provisions. This program will review such transfer tax and related income tax developments, and will discuss how they impact estate, trust and income tax planning, and the administration of decedents’ estates. Moreover, the program will review other recent ...

Recorded on: Oct. 3, 2018

SANFORD J. SCHLESIGNER: Thank you. We're back. Our next subject is sophisticated and less sophisticated estate planning techniques. And part of my philosophy is, as I said earlier, people are telling you to do all sorts of fancy stuff, and then when you ask them, have they done the simple stuff, they haven't done it and they don't want to do it. And our speaker on this subject is Blanche Lark Christerson, who has lectured on this I think as long ...

Recorded on: Oct. 3, 2018

SANFORD SCHLESINGER: OK, let's-- what I want to do is do a relatively brief overview of the act first, as it applies to what we're talking about in the next two days, and then go into some other developments because, truthfully, the act was not the only thing that happened this year, OK? So but because of the act-- and the act really, on its face, has very little to do with transfer taxation, right? And before we even get the act itself, remember, ...

Recorded on: Oct. 3, 2018

SANFORD J. SCHLESINGER: This morning we alluded, on many occasions, that basically, transfer taxation is now a trade-off or a competition with income taxation. And one of the major areas of the income taxation issues is basis. And basis is going to be very critical as to incurring income tax and a trade-off for avoiding estate tax. So our next subject-- and that, of course, feeds into the valuation of the assets that you're transferring or not transferring. ...

Recorded on: Oct. 3, 2018

SANFORD J. SCHLESINGER: You know, it reminds me of a statement by Mayor Koch, after we had horrendous snowstorms and everything else. And they said, what are you going to do about these horrendous snowstorms? Reminds me of today, when we have a perfect storm, a combination of the UN and the weather. And I do believe Laura is coming from New Jersey. In our office, we have a policy. If we have two equally qualified candidates, and one lives in New ...

Recorded on: Oct. 3, 2018

SANFORD SCHLESINGER: Our next subject is a change of pace. And I guess we really need one-- elder law and special needs update. We put this back on the program, probably what, Bernie-- three or four years ago? BERNARD KROOKS: I think it's about 10. SANFORD SCHLESINGER: It's 10 now? BERNARD KROOKS: Yeah. SANFORD SCHLESINGER: It is? Oh, god. BERNARD KROOKS: I remember doing the 40th. SANFORD SCHLESINGER: The 40th? OK, it's 10. For the longest ...

Recorded on: Oct. 3, 2018

SANFORD SCHLESINGER: OK. Our next subject is estate planning with artwork. This has become a lot more in the forefront in recent years, as more and more people have owned more and more valuable artwork. If you look at the numbers of the sales at some of the major auction houses over the last year or two, the prices of artwork, the inclusion of it in estate planning with it. And I guess to say IRS pushing back on planning with artwork with previsions ...

Recorded on: Oct. 3, 2018

SANFORD SCHLESINGER: Thank you, and welcome back to the final three lectures. And this is one year we're not going to lose anybody who wants to stay outside because of the weather or the traffic. Now some years, especially this time of year, the weather is gorgeous and we do lose people. But this year, I think you're lucky to be inside. Subjects this afternoon are a little bit more specialized than some of the subjects that we've had over the last ...

Recorded on: Oct. 3, 2018

SANFORD SCHLESINGER: OK. Welcome back and we're ready for our last subject. And I was apologizing to Alan because it's a very important subject and is much more important as time has gone on. I was telling Alan anecdotally that NYU taxes, which I've been doing forever, one year assigned me to do this subject and they used it in addition to starting on Sunday afternoon running through Friday night. Every night, they would have a session as well from ...

Recorded on: Oct. 3, 2018

SANFORD SCHLESINGER: OK. Now for a total change-- well, maybe it's not a total change of pace. People will get divorced and leave the country. That'll be our subject next year. Again, a subject which I've been asked to do and am doing this year for a very specific reason-- we've done it maybe once before-- is the relationship between matrimonial law and estate planning. It's become more and more important under the new tax act. Unfortunately, in ...