When the ball dropped on New Year's Eve, so too was the federal estate tax dropped. Inaction on the part of the U.S. Senate means the 45 percent tax on estates of more than $3.5 million for an individual no longer applies until new legislation can be passed, which most Trust and Estate lawyers expect will happen. Those lawyers interviewed recently by the Massachusetts Lawyers Weekly, including Day Pitney Boston partner Peter Shapland, said they expect any new law to be retroactive to January 1. In the meantime they are looking for ways to assist their clients in taking advantage of the situation.
"The only certainty is that the federal estate tax [expired]," said Peter M. Shapland, a partner at Day Pitney in Boston. "Everything else is uncertain, including the advice that we are able to give our clients."
Shapland, of Day Pitney, said lawyers can advise their clients based only on what they know and "what we suspect will probably happen. But I am one of those who are sure that Congress will eventually get to it and, as estate planning advisers, we just need to be nimble."
Glynis Ritchie gave a presentation at the Trusts & Estates Year in Review 2019, an annual program on recent federal and state case law, legislation and tax law matters presented by the Boston Bar Association (BBA).
On June 10, Brad Gallant will be presenting on "Conservatorship Litigation – A Discussion of Strategic, Legal and Ethical Issues," at the 2019 Connecticut Legal Conference, presented by the Connecticut Bar Association (CBA) and held at the Connecticut Convention Center in Hartford, CT.
Dina Kapur Sanna will be speaking on two panels at International Estate & Tax Planning 2019, a conference presented by the Practising Law Institute and held in New York, NY.
Carl Merino spoke on a panel, "Non-Residents Acquiring Real Estate: Compare & Contrast Between the U.S. & UK," at the U.S.-UK Tax Planning conference, presented by KNect365 and held in New York, NY.
Day Pitney LLP hosted its annual invitation-only Palm Beach Family Office Forum at the Eau Palm Beach.
Day Pitney's Family Office practice has been selected as a finalist in the Family Offices—Client Initiative category of the 2019 Wealth Management.com Industry Awards for the Day Pitney Family Office Investing SeriesTM.
Tina Albright and Rebecca Tunney were quoted in an article, "USA Update: Engaging Women in Wealth Management," published by Citywealth.
Day Pitney attorneys Tina Albright and Rebecca Tunney have been shortlisted for "Best Female Advisors & Managers in the USA" for New York and Boston, respectively, as part of the U.S. Powerwomen Awards by Citywealth.
Day Pitney Press Release
Day Pitney's Family Office and Trusts and Estates practices have been shortlisted in two categories, "Best Private Client Law Firm" and "Best Trusts and Estates Division," for the 2019 Private Asset Management Awards.