The 2010 Tax Relief Act was supposed to give a two-year reprieve to the
sunset of the Bush tax cuts. But will they do more harm than good?
HOW MIGHT THE PORTABILITY PROVISIONS OF THE 2010 Tax Relief Act affect surviving spouses who remarry? What new opportunities can advisors pursue to revamp
defective life insurance or estate planning transactions? Why
should children who are procreated using alternative methods
merit special attention in estate plans?
Answers to these questions, among others, were forthcoming
during a wide-ranging closing general session of the Society of the
Financial Service Professionals’ Clinic for Advanced Professionals,
held at the Marriot Philadelphia Airport hotel, August 16-17. The
presenters, Lawrence Brody and Kathleen Sherby, both partners
at the law firm Bryan Cave LLP, St. Louis, addressed the impact of
the Tax Relief, Unemployment Insurance Reauthorization and Job
Creation Act of 2010 on estate and business planning practices,
including opportunities and issues arising from the legislation.