By: Ansley Chapman Cella
Estate Planning attorneys, Sandra Martin Clark, Ansley Chapman Cella, and John R. Cella, Jr., all partners at Manning Fulton & Skinner, P.A., presented at the North Carolina Bar Association’s (NCBA) 35th Annual Estate Planning & Fiduciary Law Program at Kiawah Island, SC on Thursday, July 17, 2014. The three-day conference provided practitioners across the state with useful and up-to-date information about federal and state legislative changes, as well as instruction on practical issues in estate planning and administration. Clark, Cella, and Cella presented on Recent Developments: A Review of Federal Statutory Developments and Cases Involving Trust, Estate, Gift and Income Tax Matters. The presentation covered the preceding year of case law, statutory, and IRS regulatory developments detailed in their 140-page manuscript for attendees. Clark, a Fellow of the American College of Trust and Estate Counsel (ACTEC), discussed the new 3.8% federal net investment income tax (NIIT), same-sex marriage developments, and the growing importance of portability and income tax planning in estate and gift planning for clients after the American Taxpayer Relief Act of 2012 (ATRA). Mrs. Cella shared practical lessons from recent estate and gift tax opinions by the U.S. Tax Court and from IRS rulings on generation-skipping transfer tax aspects of trust modifications. Mr. Cella updated attendees on recent closely-held business valuation opinions by the Tax Court, IRA rollover developments, prohibited transaction issues with self-directed IRAs holding business interests, and trends on digital asset planning. For more information on the speakers, click on the following links: Ansley Chapman Cella John R. Cella, Jr. Sandra Martin Clark
Location
Kiawah Island Golf Resort
Kiawah Island, SC
