This program will explain the practical implications of recent estate planning developments that affect CPAs as well as practical planning tips to use with clients now. Recent developments will address: the Smaldino case and its implications to step transactions and proper tax compliance to coordinate with the estate plan; a recent GRAT CCA that affects all valuations and perhaps defined value mechanisms; and lessons from the Levine case on how to do estate planning right (even if you never see a split-dollar arrangement).
Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Fort Lee, New Jersey, and New York City, New York, with Shenkman Law. His practice focuses on estate and tax planning as well as planning for closely-held businesses and estate administration. Throughout his career, Mr. Shenkman received awards and acknowledgments from the New Jersey Bar Association, Worth Magazine, CPA Magazine, the American Cancer Society, and the AICPA. Mr. Shenkman holds a Bachelor of Science from the Wharton School at the University of Pennsylvania, an MBA from the University of Michigan, a law degree from Fordham University School of Law. He is admitted to the bar in New York, New Jersey, and Washington D.C.