New York City Bar Association Tax Conference 2025

In his breakout session, “Estate and Gift Planning with the International Client,” partner Kevin Matz will provide an overview of US transfer taxes – estate, gift, and generation-skipping transfer taxes – focusing on nonresident aliens. The session will cover estate tax implications for tangible and intangible assets, real estate, and partnership interests; all offering strategies to minimize tax exposure. Additionally, Kevin will address the use of foreign corporations to hold US property and the complexities of trust interests, including the effects of “string provisions” on estate tax inclusion.

Kevin will also co-present “Hot Topics in Estate and Gift Taxation.”  His discussion will cover Tax Legislation Prospects for 2025, the fate of the 2017 Tax Act, and planning with the increased exclusion amount. It will explore marital trust planning through the Anenberg and McDougall cases, recent Supreme Court decisions easing tax regulation challenges, and IRS scrutiny of family limited partnerships in the Estate of Fields case. Other topics include gift tax consequences in grantor trust modifications, federal and New York State corporate and LLC transparency acts, buy-sell agreements in light of the Connelly case, option agreements in the Huffman case, and updates on retirement benefits under the SECURE and SECURE 2.0 Acts.

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