Jerald David August presented "Update On Use Of Family Limited Partnerships In Estate Planning" and "Choice Of Entity In Light Of Tax Reform" at the NYU Summer Institute in Taxation

Mr. August presented "Update on Use of Family Limited Partnerships in Estate Planning" on July 26th from 1:15pm - 3:05pm. He also presented "Choice of Entity in Light of Tax Reform" on July 28th from 1:15pm - 2:45pm.

Information on the panels and topics discussed can be found below.

UPDATE ON USE OF FAMILY LIMITED PARTNERSHIPS IN ESTATE PLANNING

An annual favorite topic of the Wealth Conference, Professor Maxfield and Mr. August again discussed recent case developments involving transfer tax and related tax issues on the use and efficacy of family limited partnerships.

Jerald David August, Esq., Partner, Kostelanetz & Fink, New York, NY
Guy B. Maxfield, Esq., Professor Emeritus, NYU School of Law, Graduate Program in Taxation, New York, NY

CHOICE OF ENTITY IN LIGHT OF TAX REFORM

Lawyers and accountants are frequently advising clients on the pros and cons of using a particular entity under state, including foreign law, for business and investment operations. This ranges from the use of a C or S corporation to a pass thru entity such as a partnership or limited liability company. For cross-border activities, the list can expand to include reverse and hybrid entities. Each model has its own tax and transfer tax profile. The speakers discussed this “menu of choices” and wove into the discussion pending tax reform proposals.

Jerald David August, Esq., Partner, Kostelanetz & Fink, New York, NY 
Stephen R. Looney, Esq., Shareholder, Dean, Mead, Egerton, Bloodworth, Capouano & Bozarth, PA, Orlando, FL