No More Step-Up in Basis, Plus
Gain Realization at Death and When Gifting?
What You Need to Know About This New Tax Legislation
Senator Christopher Van Hollen and Representative Bill Pascrell have both introduced new legislative bills that would repeal the step-up in basis and create a gain realization at death and when gifting. This move would seemingly put in place a similar system to that in Canada for the U.S.
This is why we’ve brought in the nation’s leading experts to break this one down!
Nationally renowned estate planning attorneys, Jonathan Blattmachr J.D., LL.M. (Taxation), Marty Shenkman J.D., CPA, MBA, nationally renowned CPA and IRA expert, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, along with Law Professor Mitchell Gans, B.B.A., J.D., Hofstra University have teamed up together for this very timely, fast-paced presentation entitled, “The Van Hollen Gains at Death, Gift or Distribution from a Trust Bill (STEP)”.
This expert panel will address the legislative framework of the Van Hollen and Pascrell bills, including retroactive gain realization on 2021 gifts. Through this program, you will learn:
- How will gains be recognized at death?
- Will the 39.6% long-term capital gain (LTCG) rate apply?
- What planning strategies can help mitigate the 39.6% rate?
- What will be the exemptions and exceptions?
- What gains will be realized upon gift?
- What will be the exemptions and exceptions for gifts made during life?
- What will be the exemptions and exceptions for gifts made after death?
- Can gifts be made to grantor trusts in 2021 without gain realization?
- Can gifts be made to non-grantor trusts in 2021 without gain realization?
- How will these new bills interact with the anti-grantor trust provisions of the proposed 99.5% Sanders legislation?
- What are the 21 and 30-year gain realization rules for trusts?
- Can gifts be made to charitable trusts?
- Can gifts be made to charity?
- What should practitioners do with respect to warning clients making large gifts in 2021?
- And much, more!
Your purchase includes an instantly downloadable MP4 video and audio recording, and PDF handout materials. You get all of this and more for your office for just $149. A PDF transcript is available as an add-on for an additional fee.
- Program Title: The Van Hollen Gains at Death, Gift or Distribution from a Trust Bill (STEP)
- Speaker: Jonathan G. Blattmachr, Martin M. Shenkman, Robert S. Keebler
- Duration: 92 minutes
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ABOUT THE SPEAKER
Jonathan G. Blattmachr
J.D., LL.M. (Taxation)
Jonathan G. Blattmachr brings over 35 years of experience in trusts and estates law. He is a retired member of Milbank Tweed Hadley & McCloy and the Alaska, California and New York Bars. Mr. Blattmachr has been recognized as one of the country’s most creative trusts and estates lawyers. He writes and lectures extensively on estate and trust taxation and charitable giving and has authored or co-authored five books and over 500 articles on estate planning topics. He has served as a lecturer-in-law of the Columbia University School of Law and is an Adjunct Professor of Law at New York…
Martin M. Shenkman
J.D., CPA, MBA
Martin “Marty” Shenkman, Esq., CPA, MBA is an estate planning attorney and Certified Public Accountant from Paramus, New Jersey. He received his Bachelor of Science degree from Wharton School, University of Pennsylvania 1977 with a concentration in accounting and economics. He received a Masters degree in Business Administration from the University of Michigan 1981, with a concentration in tax and finance. Mr. Shenkman is a widely quoted expert on tax matters and is a regular source for numerous financial and business publications, including The Wall Street Journal, Fortune, Money, The New York Times, and others. He has appeared as a…
Robert S. Keebler
CPA/PFS, MST, AEP (Distinguished)
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue…
IMPORTANT NOTICE REGARDING CE CREDIT
The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.
However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.