Calvary Hospital will host its 15th Annual Trusts and Estates Conference at the Roosevelt Hotel in New York City on October 3, 2018. This invitation-only event attracts more than 300 of New York’s most experienced trusts and estates attorneys. Over the past decade, Calvary’s attorney conference has earned a reputation as a must-attend event for trusts and estates practitioners.
Developments in the Cahill and Morrissette cases in June 2018 are expected to have significant ramifications on the structuring of split-dollar life insurance arrangements and may also have broader implications on intergenerational wealth planning and family entity structuring.
Starting on page 191, the recently passed Senate Tax Bill would bring some change to the taxation of carried interest. The Senate Tax Bill would insert into the IRC a new Section 1061 - Partnership Interests Held in Connection with Performance of Services. This new section provides that, for applicable partnership interests, capital gains previously classified as long-term will be treated as short-term capital gain unless the gains were generated from assets held for more than three years.
The Senate passed its tax bill on December 2nd by a 51-49 margin. Some key points include:
Thanks to all for joining our October 24 webinar “Managing Clients Through Business Valuation Matters.” We hope it was both helpful and informative. There were many outstanding questions sent to us during the webinar and we’d like to share comments, poll results and content: