Partners Peter L. Faber, Kristen Hazel, and Nicole Mann will speak at the American Bar Association's (ABA) 2018 Fall Tax Meeting. Cosponsored by the ABA Sections of Taxation and Real Property Trust & Estate Law, Trust & Estate Division, the event will be hosted in Atlanta on October 4-6, 2018.
Nicole Mann is a panelist for the session entitled Can You Keep a Secret? Working with Silent Trusts, which will provide a thorough and practical guide to working with so-called "silent trusts," including a discussion of the key obligations that fiduciaries need to grasp and meet to avoid liability and defend against beneficiary claims, the ways in which these obligations can vary between jurisdictions, and how to avoid being caught between the settlor’s directions and the duties imposed under governing law.
Peter L. Faber will speak at SALT Deduction “Workaround” Responses to the 2017 Tax Act, where the panel will discuss states’ recently enacted charitable contribution tax credit structures and other legislative provisions that address the 2017 Tax Act’s $10,000 state and local tax deduction cap. These state provisions are intended to permit taxpayers to obtain
federal deductions by classifying payments as payroll taxes or charitable contributions while awarding a state tax credit. The panel will also discuss IRS Notice 2018-54 and the proposed regulations and their broad sweep, including the potential impact on longstanding non-profit scholarship granting organizations across the country.
Kristen Hazel is a panelist for the session entitled When Consolidated Groups and Insurance Collide, which will discuss selected issues raised by the intersection of consolidated groups, captive insurance companies, life/non-life groups and the impact of the 2017 Tax Act.