Since the enactment of the Economic Growth and Tax Relief and Reconciliation Act of 2001 ("EGTRRA") up until the enactment in December 2012 of the American Taxpayer Relief Act of 2012 ("ATRA"), estate planners have had to plan around tax provisions that were expressly stated to be temporary in nature. ATRA has now provided rules governing the estate tax, the gift tax, and the generation skipping transfer tax ("transfer taxes") that are, at least according to ATRA, permanent (i.e., not subject to "sunsetting" at some fixed date in the future). In view of this presumed new-found certainty in the tax rules governing estate planning, estate planners should be mindful of the need to review and revise, if necessary, the estate plans structured under the pre-ATRA "temporary" estate planning rules. Some of the more significant estate planning that should at least be considered post-ATRA by estate planners are discussed below.
Wednesday, April 24, 2019 | 7:30 AM – 9:30 AM EDT | The Hartford Club