New York City Bar's CLE Program "Ownership of Cooperative Apartments and Condominiums by Trusts"
New York, NY
This program has been approved in accordance with the requirements of the Continuing Legal Education Board. CLE Credit will be granted to attorneys.
Stroock Partner Anita S. Rosenbloom and Eva Talel will be speaking at New York City Bar's CLE Program "Ownership of Cooperative Apartments and Condominiums by Trusts: An Overview of Popular Trusts and Obtaining Transfer Approval from Cooperative Boards" in New York, NY on November 17, 2015.
This course presents an overview of changes in the Federal estate, gift and generation-skipping taxes, as well as a description of more common types of trusts and trends in transfer requests for permissions to transfer apartments to such trusts, including Grantor Trusts, Qualified Personal Residence Trusts, Spousal Lifetime Access Trusts and Dynasty Trusts. It covers the tax attributes of these trusts and why some trusts are more effective, as a result of recent tax changes and the current interest rate environment. It also discusses the role of counsel to Coop Boards in reviewing these requests and how practitioners can structure their trusts to increase the likelihood of approval.
Ms. Rosenbloom will give the overview and discuss recent developments in Federal and New York estate, gift and generation-skipping taxes and corresponding trends in requests for permission to transfer apartments to popular trusts. She will also participate in the panel discussion "Description of Popular Trusts, Tax Attributes and Planning Considerations." Ms. Talel will participate in the panel discussion "Obtaining Approval of Cooperative Boards."
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