EFTA02544550.pdf

From: Richard Kahn < Sent: Wednesday, January 3, 2018 11:01 PM To: jeffrey E. Subject: Fwd: Ruberto, Israel & Weiner Trusts & Estates Alert: Estate Planning After the Enactment of the Tax Cuts and Jobs Act Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: =/b>"Ruberto Israel & Weiner" = >> Subject: =/b>Ruberto, Israel =amp; Weiner Trusts & Estates Alert: Estate Planning After the =nactment of the Tax Cuts and Jobs Act Date: =/b>lanuary 3, 2018 at 4:02:49 PM =ST To: = Reply-To: = January =018 <=tr> Estate Planning After the Enactment of the Tax Cuts and Jobs =ct < Deborah =echet Quinan < Chair, Trusts & Estates =roup Bill Friedler < EFTA_R1_01697267 EFTA02544550  <mailto ?subject=> </=iv> On December 22, 2017, President Trump signed the "Tax Cuts =nd Jobs Act" into law. The new legislation represents a =ompromise between House and Senate Republicans on their respective tax =verhaul proposals, and is the most significant tax reform legislation =o be enacted in over thirty years. Although the inherent complexities =f the new legislation, combined with the whirlwind pace of its passage, =oses many questions for analysts and tax practitioners alike as they =egin to navigate the new tax system, we do have an understanding of =hat the new law will mean for high net worth individuals interested in =dvancing their estate planning goals. Most of the provisions of the Tax Cuts and Jobs Act (the =E2 Act") became effective on January 1st, and will sunset =or default to prior law) after December 31, 2025, absent further =ongressional action. In addition to extensive income tax related =hanges, including modifications to the individual and corporate income =ax rates, doubling of the standard income tax deduction, capping of the =tate and local tax deduction, elimination of the personal income tax =xemption, increase in the exemption for the alternative minimum tax, =nd decrease in the mortgage interest deduction, the Act temporarily =oubles the federal estate, generation-skipping transfer ("GST =9D) and gift tax exemption amounts, thereby offering high net worth =amilies enhanced planning opportunities. Full =lert This article was co-authored by Deborah Pechet Quinan and Deborah Qualia Howe. Deborah Pechet Quinan is the Chair of =IW's Trusts & Estates Group. Deborah can =e reached at or. </=body> For a full description of our Trusts & Estates Group and a =ist of all of our practice areas, visit www.riw.com > or contact any attorney in =ur T&E Group. Deborah Pechet Quinan, Chair, Trusts & =states Group, Shareholder Bill Friedler, Shareholder <mailtoU ?subject=> Catherine Barton Rossetti, Associate Deborah Qualia Howe, Of Counsel Jayne Mahoney, Parale al <mailto ?subject=> Michele Orchanian, Paralegal <mailto ?subject=> Stay =onnected 2 EFTA_R1_01697268 EFTA02544551 <1=1-> Corporate & Business Banking, Finance & =ending Bankruptcy Law I Litigation I Construction =aw I Securities Law Technology I Employment Law I =merging Companies Commercial Real Estate = Intellectual Property Hospitality and Retail =ervices I Trusts & Estates 255 State Street, 7th Floor I Boston, MA 02109 T: = I F: I www.riw.com <https://t.e2ma.net/click/117m4/xmclrgb/11m63g> =/tbody> <=tbody> This summary is presented for informational and educational =urposes only, does not constitute legal advice, and cannot be used for =he purpose of avoiding tax penalties. Use of this summary does not =reate an attorney-client relationship and is not a substitute for legal =ounsel. © 2018 Ruberto, Israel =amp; Weiner, =.C. Share this email: =/tbody> Manage your preferences I Opt out using TrueRemove" Got this as a =orward? Sign up to receive our future =mails. View this email online. 255 State =treet Boston, MA I 02109 US <x-msg://73/#> This=email was sent to To continue receiving our emails, add us to your address =ook. <=td> 3 EFTA_R1_01697269 EFTA02544552