Darren Wallace and Ed Krzanowski were quoted in an article, "Valuation discounts: what could the IRS’ new proposal mean for families?" in Private Asset Management Magazine. In the article, Wallace and Krzanowski discuss the recently issued proposed regulations under Internal Revenue Code Section 2704 that, if finalized, would curtail or eliminate valuation discounts for gift and estate tax purposes. These regulations would affect the gift and estate tax value of family-owned business entities, including both active businesses and family investment vehicles such as family limited partnerships (FLPs) and limited liability companies (LLCs). For individuals who have an interest in a family-owned business entity and an estate that could be subject to federal or state estate tax (and thus affected by no longer being able to value those interests based on fractional-interest or other discounts), these regulations could have a major impact on them.
Day Pitney Trusts and Estates Partner Tasha K. Dickinson has been named to South Florida Business & Wealth's 2024 Prestigious Women Awards list.
Day Pitney Press Release
Day Pitney's Executive Committee, Executive Board and department leadership changes were featured on CityBiz.
Day Pitney Press Release
Day Pitney Litigation Partner Mark Romance and Trusts and Estates Partner Melissa Rodriguez authored the article "Insights Into Florida Trust and Estate Litigation Trends," for Daily Business Review.
Day Pitney's Executive Committee, Executive Board and department leadership changes were featured in Law360 Pulse.
Day Pitney Press Release
Day Pitney New Haven Partner Rebecca Iannantuoni will receive The Honorable Anthony V. DeMayo Pro Bono Award.
Day Pitney’s Executive Committee, department leadership changes were featured in Hartford Business Journal.
Day Pitney Trusts and Estates Partner Rebecca Iannantuoni was featured in Law360's coverage of the Connecticut Bar Association's 2024 Celebrate with the Stars ceremony.
Copyright © 2024 Day Pitney LLP, all rights reserved.