Steve Akers has published his summary of observations from some of the sessions at the 49th Annual Philip E. Heckerling Institute on Estate Planning held in Orlando, Florida the week of January 12, 2015, as well as observations from other current developments, which is available on the link below.

According to Mr. Akers, a major focus of the Institute was estate planning under the “new normal” of large indexed transfer tax exemptions and portability, with an emphasis on attention to income tax issues (particularly planning about basis issues).

Some of the topics include:

  • Legislative matters and IRS priorities
  • Unwinding prior transactions that now cause substantial tax disadvantages with large exemptions
  • Planning issues and trends that are most relevant to planners in the current environment
  • Income tax considerations including a wide variety of basis planning considerations
  • Transfer planning strategies considering both income and estate tax savings
  • Hot topics on the IRS’s radar screen, from a tax litigator’s perspective
  • Powers of appointment
  • Trust protectors
  • Various recent case law developments, including pending cases impacting intra-family sales
  • Wide variety of other practical planning issues

See Bessemer Post here.

Please click here for the full detailed analysis.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.