Family Entities

Chief Counsel Advice 202152018 (“the CCA”), released on December 30, 2021, has a critical impact on grantor retained annuity trusts (GRATs). The CCA addresses a common valuation challenge: what consideration should be given to a potential…

This article examines the issues (good and bad) related to making an affirmative Code section 754 election to adjust the basis of assets held inside a partnership when a partnership interest is included in a decedent’s estate.  The…

What are the valuation implications of the current economic environment brought about by the economic implications and stock market’s reaction to the COVID-19 crisis?

With very limited exceptions, estate, gift and GST (called "wealth transfer") taxes are imposed on property's fair market value (FMV). Only cash and publicly traded securities have definite values for estate and gift tax purposes.

Learn how to move from corporate status to a partnership once the tax benefits of being a C corporation has run its course.

In this webinar, the panelists will analyze the Powell case and provide their insight on how it may impact estate planners advising existing family entities.

In response to the President’s Executive Order of April 21, 2017, the Internal Revenue Service has issued Notice 2017-38, 2017, designating the Proposed Regulations under Section 2704 of the Internal Revenue Code as imposing an undue…

Join Jonathan Blattmachr and Martin Shenkman for a discussion of the year-end planning strategies you should be considering for your clients.

This webinar, jointly presented by Interactive Legal and Peak Trust Company, by Jonathan G. Blattmachr and Mitchell M. Gans, will discuss the proposed Section 2704 regulations issued earlier this month.

This is a sample letter to clients alerting them to the potential changes in estate planning opportunities due to the proposed Treasury Regulations under I.R.C. section 2704.The letter provides an example of a client-friendly explanation of…