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"The Marital Deduction, Credit Shelter Planning and Portability," Tax Conferences in July: Introductions to Trusts and Estates, NYU School of Professional Studies
On July 15, Day Pitney Partner Margaret Meehan presented at the Tax Conferences in July: Introduction to Trusts and Estates, hosted by the NYU School of Professional Studies. The conference, held in New York City July 15-17, provided an understanding of a variety of tax issues related to trusts and estates, including the fundamentals of the estate tax, gift tax and generation-skipping transfer tax, and also provided transfer tax and income tax planning strategies and considerations for high-net worth individuals and families.
The presentation, "The Marital Deduction, Credit Shelter Planning and Portability," outlines the historical changes in estate and gift tax laws, the mechanics of the marital deduction, and the benefits of credit shelter trusts. The presentation also discussed the requirements and strategic uses of portability, as well as planning considerations for non-U.S. persons, including the use of Qualified Domestic Trusts (QDOTs) for non-citizen spouses.
You can learn more about The NYU School of Professional Studies Tax Conferences in July series on their website.