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.
On October 5, partner Ellen Knarr served as a panelist at the St. John's University School of Law Women's Leadership Boot Camp, presented by the Women's Law Society.
Joy Harmon Sperling will be speaking at a mentorship workshop and moderating a GC roundtable at “Women Leaders in Financial Services Law and Compliance,” a conference being presented by the American Conference Institute (ACI) and held in New York, NY from May 9 – 11.
As part of its ongoing Family Office Investing Series, Day Pitney LLP hosted a private, invitation-only program at The Cornell Club of New York, themed “Real Estate Investing: Challenges and Opportunities in a Rapidly Changing Landscape.”
Day Pitney hosted its annual invitation-only Family Office Forum in Palm Beach. The theme for the 2018 Forum was "Protecting Your Family and Wealth in the Global Digital Economy: A Forum Exploring Security Risks and Investment Opportunities."
On January 31, Michael Rave, James Carlon and Steven Cash will be speaking at "What Marijuana Legalization Could Mean for Banking," a conference presented by the New Jersey Bankers Association being held at the Forsgate Country Club in Monroe Township, New Jersey.
Day Pitney Press Release
Tom Goldberg and Scott Beach were quoted in an article, "Day Pitney Lawyers Bullish About Stamford Move," published by the Stamford Advocate.
Day Pitney Press Release
Michael Rave was quoted in an article, "Big Deals Fuel Value Rebound in NJ-Based M&A Market," published by the New Jersey Law Journal.
On December 7, Day Pitney, ICSGroup and CohnReznick co-sponsored "Launching a Private Fund: What You Need to Know."