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Post-ATRA planning for larger estates will increasingly focus on income tax planning, the management of tax basis, and maximizing the "step-up" in basis at death. This presentation will discuss:
Measuring the transfer tax costs (including state estate and inheritance taxes) against the income tax savings from the "step-up" on different types of assets
Recapturing assets that have already been transferred
Multiplying the applicable exclusion amount
Using trust and partnership elections, distributions, and reorganizations to maximize the "step-up" and "split" income across taxpayers
Paul S. Lee, National Managing Director, Bernstein Global Wealth Management
Paul S. Lee is a National Managing Director of Bernstein Global Wealth Management, a position he assumed in 2006; he is also a member of the firm's Wealth Management Group, which he rejoined in 2008.
Previously, he had been a managing director in the London and New York offices. Prior to joining the firm in 2000 as a Wealth Management Group director, he was a partner in the Atlanta-based law firm of Smith, Gambrell & Russe1l, LLP.
Lee received a BA, cum laude, in English and a BA in chemistry from Cornell University, and a JD, with honors, from Emory University School of Law, where he was notes and comments editor of the Emory Law Journal; he also received an LLM in taxation from Emory University.
Lee was the recipient of the Georgia Federal Tax Conference Award for Outstanding Tax Student and the Ernst & Young Award for Tax and Accounting. A frequent lecturer and panelist on investment planning and tax and estate planning, Lee has spoken at the Heckerling Institute on Estate Planning, the ACTEC National Meeting, the ABA Tax-RPTE Joint National CLE Conference, the Southern Federal Tax Institute, the USC Institute on Federal Taxation and the Notre Dame Tax and Estate Planning Institute. His articles have been published by The ACTEC Law Journal; BNA Tax Management Estates, Gifts and Trusts Journal; BNA Tax Management Memorandum; The Practical Tax Lawyer; Major Tax Planning; Trusts & Estates; and the Emon; Law Journal.
Important notice regarding CPE:
Learning objectives: Upon completion of this course, participants will be able to apply the concepts learned to post-ATRA planning. Instructional delivery method: Group-live Recommended CPE credit: 1.5 hours CPE Recommended field of study:Upon completion of this course, participants will be able to apply the concepts learned to post-ATRA planning. Prerequisites: None Program level: Intermediate Advance preparation: None Cancellation policy: You may cancel your registration at any time prior to the event. Complaint resolution policy: Please contact Erika Bialek, Corporate Learning Manager, at 631-414-4216 or firstname.lastname@example.org if you have comments about this event.
Marcum LLP is registered with the National Association of State Board of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Important notice regarding CLE:
This CLE training session counts for 1.5 credit. Appropriate for newly admitted and experienced attorneys (transitional/non-transitional).
CLE credit is ONLY offered for people who attend the live presentation in the New York City location.