STUDY GROUP Webinar: “Planning for Business Owners and Trusts in Light of Changing Income Tax Rates.”
Speaker: Steve Gorin JD, CPA, CGMA®, AEP® (Distinguished). Steve practiced accounting for his first eight years after law school and continues to make income tax planning an integral part of his estate planning law practice. Over 8,000 tax and estate planning professionals subscribe to his quarterly newsletter so that they can receive the most recent version of “Structuring Ownership of Privately-Owned Businesses: Tax and Estate Planning Implications,” over 2,800 pages of technical materials distributed without charge. Steve enjoys working with planners throughout the country from all professions comprising NAEPC.
In this intermediate level presentation, we will explore how changing incom tax rates effect planning for business owners and trusts, with a view towards strategic estste planning/administration issues.
1.Compare the overall tax burden when a C corporation distributes none, half, or all of its earnings and how that stacks up against a pass-through entity. Consider how these issues affect planning for distributions and inform estate planning as well as what entities are best for your clients.
2.If capital gain rates are repealed for high income taxpayers, that will be horrible for trusts that accumulate capital gains. Review practical tools for passing capital gains from trusts to beneficiaries –much more flexibility exists than most people think.
3.Potential big increases capital gain rates may make portfolio turnover becomes much more expensive. Consider how variable life insurance may reduce that tax burden.
If you wish to attend, please RSVP online at www.epcnassau.org or to our Committee Chairperson:
Michael P. Ryan, Esq.