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Essential Planning Now for the Clawback
September 28 @ 12:00 pm - 1:00 pm$75
September 28, 12–1 PM live GoToWebinar; registrants will have 90-day on-demand access. Section members $75; non-section members $150. Course number 6377 is approved for 1 General CLE credit and 1 certification credit each in Tax Law and Wills, Trusts & Estates. Section members $75; non-section members $150. Course number 6377 is approved for 1 General CLE credit and 1 certification credit each in Tax Law and Wills, Trusts & Estates.
This program will cover both known and relatively unknown strategies to help wealthy taxpayers reduce or avoid federal estate taxes.
The April 26, 2022, new clawback proposed regulations provide that a taxpayer who dies after 2025 may not have a full $12,060,000 exemption for gifts or other transfers that occurred in 2026. It is therefore extremely important that planners understand when the clawback may deprive clients of one-half or more of the estate and gift tax exemption that is now available. It is also important to note that certain techniques that are quashed by the clawback proposed regulations will never the less be effective and strongly recommended to preserve generations skipping tax exemption and portability allowances.
The presentation will cover the 18-month rule, the 5% test, common law grits, the three-year rule under IRC §2035(a), and other important subtopics.