Panel: Hot Topics
Panelists will discuss the most significant recent gift and estate tax developments involving business interests, including important cases, legislative developments, and regulatory guidance. The session will cover important recent cases, including in the areas of QTIP Trusts and Section 2519 (Anenberg) and taxability of undistributed operating income of foreign corporations (Moore). The panelists also will address the new generation-skipping transfer tax regulations and proposed regulations issued on basis shifting, foreign trusts and donor-advised funds, the many uses of purpose trusts, exemption planning and considerations before the potential sunset of current exemption levels, and the possible impact of the 2024 elections on planning.
Speakers:
- Beth Shapiro Kaufman, Partner; National Chair, Private Client Services, Lowenstein Sandler LLP
- Katie Lynagh, Milbank LLP
- Benetta Park, Bessemer Trust
Time: 10-11 a.m. ET
Panel: Trust Modification: Planning in Light of CCA 20235018
CCA 20235018 threw down the gauntlet for attacking beneficiary consent or failure to object to trust modifications. Panelists will discuss constraints on the IRS’ ability to attack modifications, drafting trusts to try to prevent such attacks, and how to effectuate a modification to try to minimize such attacks.
Speakers:
- Beth Shapiro Kaufman, Partner; National Chair, Private Client Services, Lowenstein Sandler LLP
- Steve Gorin, Thompson Coburn LLP
Time: 12:45–1:45 p.m. ET
*Disclaimer: This event is open to the public but requires a registration fee.
