Tax Aspects of Gift and Estate Planning

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