Tax Aspects of Gift and Estate Planning

Streams live on: Friday, December 14, 2018 at 10:00am EST

Course Format Webcast

Taught by

Categories:

Course Description

Estimated Duration 60 Minutes
Difficulty Intermediate

This presentation, taught by Associate General Counsel for NYU Langone Health Anta Cisse-Green and Jennifer Abelaj, Senior Counsel at Davidoff Hutcher & Cintron, will discuss how gifting during life is essential for proper estate planning. It will cover the background on what constitutes a gift, complete versus incomplete gifts, the impact of the Internal Revenue Code on gifting, ways in which to gift for tax savings, and specific tools, such as outright gifting, gifts in trusts, and gifts via Family Limited Partnerships.


Learning Objectives:

  1. Review what constitutes a “gift” for tax and estate planning purposes
  2. Explore different types of gifting and the cost-benefit analysis for each
  3. Discuss best practices for advising clients on gifting for maximum tax savings

Faculty

Anta Cisse-Green

New York University

Anta received her J.D. from Brooklyn Law School, summa cum laude, and she received her L.L.M. in Tax from NYU School of Law. Immediately prior to joining NYU Langone Health in 2016, Anta was Senior Counsel at Akin Gump Strauss Hauer & Feld LLP in the firm’s private client services section of the tax group where she advised wealthy individuals on the development of tax efficient vehicles for the transfer of wealth, complex estate and trust administration issues, charitable planning strategies and the formation and governance of tax exempt organizations. Previously, Anta was an associate with Sullivan & Cromwell LLP and law clerk to the Honorable Lois Bloom, U.S. Magistrate Judge for the Eastern District of New York.

Anta was honored in 2015 by the New York Law Journal as a "Lawyer Who Leads By Example" in recognition of her years of commitment to providing pro bono legal services to underrepresented New Yorkers. Anta is an active community member in her roles as Vice President of Programs for the Metropolitan Black Bar Association, member of the attorney advisory panel for the Planning and Estates Law Project for the City Bar Justice Center of the New York City Bar Association, and Trustee on the board of trustees for the Urban Resource Institute, Inc., a nonprofit organization that provides comprehensive, holistic, and supportive human services programs to empower individuals and families in the New York metropolitan area.

Jennifer Abelaj

Davidoff Hutcher & Citron LLP

Ms. Abelaj is Senior Counsel at the firm in the trusts and estates group. Her practice focuses on various areas of tax, with specific experience in estate planning and administration, not-for-profit organizations and charitable planning, and gift and generation-skipping transfer tax planning.

Ms. Abelaj assists clients with estates that range in value from small to multi-million dollars. She understands that an estate’s simplicity or complexity is not determined solely by its value, but by other important factors, such as family dynamics, philanthropic goals, unique assets or artwork, or closely-held businesses. Ms. Abelaj can help a client understand the best estate planning tools that meet the individual’s wishes and needs with a goal of planning and drafting what is necessary — not more and not less.

Ms. Abelaj has successfully represented clients in full and limited-scope tax audits. She has diverse experience communicating with the IRS and state authorities for estate tax audits of varying complexity, and has represented clients in state income tax audits.

As part of her not-for-profit practice, Ms. Abelaj has extensive experience creating both public charities and private foundations by advising on, preparing, and filing the IRS’s federal recognition of tax exemption form (Form 1023). She has created supporting organizations, advised on fiscal sponsorship agreements, administered testamentary foundations.

Ms. Abelaj thoroughly understands the overlap and divergence between the IRS’s not-for-profit laws and the recently enacted New York State Nonprofit Revitalization Act (NPRA), which revamped the state’s prior non-for-profit corporation laws. She assists clients in complying with IRS tax and self-dealing rules, as well as guiding clients on necessary steps to be in compliance with the NPRA.

Ms. Abelaj works with her clients to determine the best path to achieve a goal or overcome a challenge and provides a step-by-step approach and possible alternatives.


$59

$ 59 Tax Law and Wills, Trusts, & Estates In Stock

Accreditation

Course is pending approval in the following states: Alabama (CLE), Minnesota (CLE), North Carolina (CLE). Click here to learn more .

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