Overview
On July 10, 2023, Todd Angkatavanich presented the Mortimer H. Hess Memorial Lecture sponsored by the New York City Bar Association Estate & Gift Taxation Committee. Todd’s lecture, “Don’t Forget to Read the Owner’s Manual (and the Fine Print!) for Your Sophisticated Estate Planning Vehicle”, discussed complications that can arise as a result of the failure to properly operate popular estate planning vehicles, including Family Limited Partnerships, GRATs, Sales to Defective Grantor Trusts, Preferred Partnerships, Buy-Sell Agreements and Carried Interest Transfer structures. Todd also discussed best practices in connection with these estate planning vehicles and provided tips to avoid potential difficulties.