CLE on the Estate Tax in 2011

The ABA Section of Real Property, Trust & Estate Law is sponsoring a 90-minute teleconference and live audio webcast on December 16 entitled The Estate Tax-What is Going on and What to do Before 2011 (Or, Wandering Through Alice’s World). The program information is below:

It’s December 2010. Do you know what the estate tax law is for this year? Will we return to a $1 million estate tax exemption and rates of up to 55% (60% if the surtax applies) in 2011? How did we get here and what do we know about the path out? There are many questions about estate planning and administration but definitive answers are hard to find. Our panelists will discuss the state of the estate planning world and provide some guidance in a time of uncertainty. Topics they will discuss include:

• Administering estates of 2010 decedents
• The impact of carryover basis
• Dealing with the GST
• Potential estate tax legislation

Planning opportunities exist for clients to significantly reduce their potential estate taxes through 2010 gifts. Potential tax legislation may reduce or eliminate the use of GRATs and valuation discounts. Join us and hear ways to handle the “uncommon nonsense” of today’s estate tax law.