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9/28/2016
Understanding and Drafting Ground Leases, Part 2 (Telephone)

9/29/2016
Estate Planning for Liquidity (Telephone)

9/30/2016
Ethics, Remote Networks, the Cloud, Smartphones & Working from Anywhere (Telephone)

Estate & Trust Planning With the New 3.8% TAX on NET INVESTMENT Income (Telephone)
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The new 3.8% tax on “Net Investment Income” has widespread consequences for trust and estate planners. The tax applies to some but not all trusts, to some trust income but not all income. There is also a complicated relationship between the 3.8%, fiduciary taxation, and capital gains. Though capital gains are subject to the 3.8% tax, there are planning opportunities to include capital gains in “Distributable Net Income” for fiduciary income tax purposes.

2/8/2016
When: Monday, February 8, 2016
12:00 PM - 1:00 PM

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MCLE Accreditation
Nebraska Activity #119952, 1.0 hours CLE

The new 3.8% tax on “Net Investment Income” has widespread consequences for trust and estate planners.  The tax applies to some but not all trusts, to some trust income but not all income.  There is also a complicated relationship between the 3.8%, fiduciary taxation, and capital gains. Though capital gains are subject to the 3.8% tax, there are planning opportunities to include capital gains in “Distributable Net Income” for fiduciary income tax purposes (even though these gains would otherwise be excluded) and reduce application of the 3.8% tax.  There are also very important considerations for trust-owned family businesses and how those trusts can materially participate in business operations to avoid the 3.8% tax applying to business income.  This program will provide you a practical guide to how the new 3.8% tax on NII applies broadly to trusts and discuss planning opportunities to eliminate or minimize the tax.

     

  • Review of regulations and rules applying the new 3.8% tax on “Net Investment Income” (NII) to trusts and estates
  • Treatment of grantor and non-grantor trusts under the new tax regime
  • Determining which trusts and what income is subject to the 3.8% tax
  • Important relationship between NII and “Distributable Net Income” (DNI) for fiduciary income tax purposes
  • How capital gains can be included in DNI (even though it’s ordinarily excluded) to reduce the 3.8% tax on NII
  • How a trust that owns a family business can actively participate in operations to avoid NII on business income
Blanche Lark Christerson is a managing director at Deutsche Bank Private Wealth Management in New York City, where she works with clients and their advisors to help develop estate, gift, tax, and wealth transfer planning strategies.  Earlier in her career she was a vice president in the estate planning department of U.S. Trust Company.  She also practiced law with Weil, Gotshal & Manges in New York City.  Ms. Christerson is the author of the monthly newsletter “Tax Topics."  She received her B.A. from Sarah Lawrence College, her J.D. from New York Law School and her LL.M. in taxation from New York University School of Law.



To Register:
Cost $89.00

http://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=22424

  • Click on abo9ve link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion

If you need additional information on your CLE credits please contact:
Sara Weber, Nebraska State Bar Association
(402) 475-7091 ext # 131; sweber@nebar.com

Nebraska State Bar Association, 635 S. 14th St., Suite 200, Lincoln, NE 68508
(402) 475-7091; Toll Free (800) 927-0117; FAX (402) 475-7098