Estate Planning Under The 2017 Tax Reconciliation Act by Martin M. Shenkman, Jonathan G. Blattmachr & Joy Matak


President Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017 making massive changes to business, personal, and estate tax rules. Every aspect of planning will be affected: asset protection, charitable giving, planning for itemized deductions, choice of entity, trust income tax planning, the structure of trusts (grantor vs. non-grantor, ING, SLATs, DAPTs, etc.), and more.

This is the most sweeping tax legislation since the 1986 tax act. It might also be the most quickly cobbled together and passed piece of major tax legislation ever, creating a myriad of questions and issues. It will transform estate planning.

For many clients, income tax planning (and not just basis maximization) will be the new driver to motivate clients. New trust techniques will help practitioners serve this changing dynamic. This book explains many of the new provisions and explores how planning will change, with an emphasis on estate and transfer tax planning and tax planning for individuals.

What is covered. The E-Book contains 184 pages of practical advice on how to guide clients on updating existing plans for the new law, creative ideas to deal with the new law, practice management ideas, and much more. Over 90,000 words total! This new legislation will dramatically affect the way we help clients manage their estates. Timely information in this book will guide your strategy for coping with change.

Who this affects. The book reviews and explains the new law, but most important—points out many new and in some cases novel planning ideas that can help practitioners advise and service their clients. The spectrum of ideas covers planning for modest wealth to ultra-high net worth clients and should thus have useful information for every practitioner.

Examples you can use. Lots of sample clauses will help lawyers to draft new types of trusts. Sample calculations and examples will help CPAs, financial advisers and insurance consultants advise clients on planning steps to take. The book not only analyzes, explains, and illustrates the new law, but has sections organized by type of client, type of business, planning goal, and more to help you quickly identify steps to take for every estate planning client.

This is a pre-publication draft of the book which has been released to get new ideas regarding the future of estate planning into the hands of practitioners as quickly as possible and will only be available for purchase through The Ultimate Estate Planner, Inc. for a limited-time!  Buy and download your copy today!


  1. Michael Graham, Esq.

    Strategies for coping in a prolonged period of timely, individual, tax changes…this must-have book raises serious flags that require action. It’s past time to wait and see!

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Martin M. Shenkman, Esq. is an attorney in private practice in New York City and Fort Lee, New Jersey. He is author of 42 books and more than 1,200 articles. His newsletter, Practical Planner, can be subscribed to on

Jonathan G. Blattmachr, Esq. is director of estate planning for Peak Trust Company, formerly Alaska Trust Company, and a director of Pioneer Wealth Partners, LLC, a boutique wealth advisory firm in Manhattan. He is a retired member of Milbank, Tweed, Hadley & McCloy and of the California and New York bars. Jonathan is the author and co-author of eight books and over 500 articles, and has been chair of several committees of the New York and American Bar Associations and the American College of Trust and Estate Counsel. He is co-developer of Wealth Transfer Planning, a computerized system for lawyers that automatically generates estate planning documents, such as wills and trusts, and provides specific client advice using a form of artificial intelligence. Jonathan served two years of active duty in the US Army, rising to the rank of Captain and was awarded the Army Commendation Medal. He is an instrument rated land and seaplane pilot and a licensed hunting and fishing guide in the Town of Southampton, New York.

Joy Elizabeth Matak, Esq. is the co-leader of the CohnReznick Trusts and Estates National Practice and has significant expertise as a wealth transfer strategist with an extensive background in providing tax services to multi-generational wealth families, owners of closely-held businesses, and high net-worth individuals and their trusts and estates, to accomplish estate planning and business succession goals. She also performs tax compliance including gift tax, estate tax, and income tax returns for trusts and estates, as well as consulting services related to generation skipping including transfer tax planning, asset protection, life insurance structuring, and post-mortem planning. She can be reached through her firm website at