The Tax Relief Act of 2010: Impact on Estate Planning Strategies

February 23, 2011
Fox Rothschild LLP
Saddle Brook Marriott138 New Pehle Avenue
Saddle Brook, NJ 07663

8 – 10 a.m.

As a tax professional, please join us for a breakfast briefing on the new era of estate planning under the Tax Relief Act featuring Jerome A. Deener, along with Debra T. Hirsch and Adam M. Grenker, tax and estate planning partners

What You Need To Know Now for Your Clients - Complimentary Seminar

Late last year, President Obama signed into law the Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010, which reinstates the federal estate and generation skipping transfer taxes effective for decedents dying and transfers made after December 31, 2009. The new $5 million estate, gift and generation exemption provides a two-year window of opportunity for many clients and dramatically changes the advice professionals have been giving to clients. While the new federal exemptions significantly enhance planning opportunities for many individuals, the $675,000 estate tax exemption in New Jersey and the $1 million estate tax exemption in New York could create an undesirable state estate tax of nearly $400,000 to some surviving spouses in the absence of proper planning.

Join us for this important seminar as Jerome Deener, Debra Hirsch and Adam Grenker, using their collective 80 years of tax experience, provide you with outlines, interactive discussions and the opportunity for questions concerning this subject. Among the topics they will cover:

  • Opportunities presented by the expanded gift and generation-skipping transfer tax exemptions
  • How estate plans generally may be affected by the Act
  • Impact of the Act on wills and trusts for individuals in New Jersey and New York, where estate tax exemptions are lower than federal level
  • Methods to leverage the $5 million exemptions for larger estates
  • When and when not to consider the new portability of estate tax exemptions
  • Benefits and drawbacks of electing carryover basis for decedents who died in 2010
  • Impact of the Act on generation-skipping transfers

For a general overview of the Tax Relief Act, please click here to see a recent client alert issued by the firm's Tax & Estate Department.


Jerome A. Deener
Fox Rothschild LLP

Adam M. Grenker
Fox Rothschild LLP

Debra T. Hirsch
Fox Rothschild LLP

Register today.

1.5 CPE credits available

For questions please contact Maria Ockenhouse at 215.299.2819.