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This page contains a single entry by Associate Editor published on December 21, 2009 7:58 AM.

IRS Releases Introduction to Estate and Gift Taxes was the previous entry in this blog.

Steve Akers: FAQ on the Repeal of the Estate Tax is the next entry in this blog.

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Bessemer Trust to Host Estate Planning Conference Call - Jan 6 at 1pm EST.

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The Bessemer Trust to host estate planning conference call - January 6 at 1pm EST.

ESTATE PLANNING UPDATE: Estate Tax Repeal and Planning Considerations for Defined Value Clauses in Light of Petter and Christiansen

Two of the biggest developments in the estate tax world over the last several years have occurred within just the last month. First, Congress apparently will allow the estate and GST tax to fall into the one-year repeal of 2010 rather than extending the 2009 system (or another system) for some period of time. This wreaks havoc and "massive, massive confusion", in the words of Senate Finance Committee Chairman Max Baucus. Second, we have been waiting for years for courts to address the IRS's public policy arguments against defined value clauses, and we now have two cases (Petter and Christiansen) that have rejected those arguments (at least in certain situations).

Please join Steve R. Akers, Associate Fiduciary Counsel, for a conference call discussing planning implications in light of these developments. Topics include:

  • Gift planning opportunities in early 2010 in light of the top 35% rate
  • GST planning opportunities in early 2010 (including with GRATs) when there is no GST tax system in place
  • Will construction issues
  • Implications of the possibility of legislation sometime in 2010 retroactive to January 1, 2010
  • Possible elimination of surviving spouses from estate plans under formula marital deduction clauses
  • How best to structure defined value clauses in light of Petter and Christiansen

Wednesday, January 6, 2010
1:00 PM Eastern
TOLL-FREE: 888-481-2845
INTERNATIONAL: 719-457-2633
PASSCODE: 8462355

A summary will be posted to shortly before
the call.

Posted by Marc Patterson, Managing Associate Editor, Wealth Strategies Journal.

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