Trust, Estate, and Gift Taxation: Recent Developments, Allocation of GST Exemption, Preserving Asset Basis, and More
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide estate planners guidance on recent developments in trust, estate, and gift taxation and their impact on estate planning strategies. The panel will discuss the generation-skipping transfer tax and allocation of GST exemption, trust division to preserve asset basis and other tax attributes, gifts or bequests of appreciated property, and other key issues.
Outline
- Introduction: recent trends in trust, estate, and gift taxation
- GST transfer tax and allocation of exemption
- Rev Proc 2022-32; portability election
- Trusts; preserving asset basis and other tax attributes
- Proposed regulations
- Exceptions to anti-clawback rules
- Administrative expenses, claims against an estate, interest expense
- Cryptocurrency and digital assets in estates
- Recent cases and other developments
Benefits
The panel will explore these and other critical issues:
- Which estates are eligible for the extensions of time to elect portability under Rev Proc 2022-32?
- How can trust division or modifications be used to preserve asset basis?
- How accrued interest and penalties are calculated under the proposed regulations
- What transfers are considered de minimis and not subject to the exceptions to the anti-clawback regulations?
- How proposed regulations affect estate plans already in place
Faculty
Cliff A. Capdevielle
Shareholder
Saltzman Mugan Dushoff
Mr. Capdevielle Capdevielle is a highly experienced probate, trust, and tax attorney with more than 30 years of... | Read More
Mr. Capdevielle Capdevielle is a highly experienced probate, trust, and tax attorney with more than 30 years of success representing trustees, beneficiaries, fiduciaries, and high-net-worth individuals in complex tax, estate, and trust, matters. Licensed in Nevada, California, and Texas, Cliff brings a unique cross-jurisdictional perspective to high-stakes disputes and sensitive family matters involving wealth transfer, inheritance, and fiduciary obligations. Before joining Saltzman Mugan Dushoff LLP, he served as Managing Attorney at Moskowitz LLP, a nationally recognized tax law firm, where he oversaw high dollar tax controversy matters. Earlier in his career, Mr. Capdevielle worked in the Tax Department at Deloitte, gaining deep experience at the intersection of tax law, finance, and business planning—expertise that now powers his sophisticated approach to estate, trust, and tax matters.
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