This audio download contains the written materials associated with the broadcast.

Join our distinguished panel as they discuss the implications of recent developments and provide updates on legislative, regulatory, judicial and administrative matters such as the:

• Final Regulations under Section 67(e) issued May 9, 2014 - estate and trust costs of administration subject to the 2-percent floor for miscellaneous itemized deductions;
• Frank Aragona Trust v. Commissioner, 142 T.C. No. 9 (2014) - material participation by trustees and trusts eligibility for passive activity exception to avoid tax on net investment income;
• Estate of Marion Woelbing v. Commissioner, T.C., No. 30260-13 and Estate of Donald Woelbing v. Commissioner, T.C., No. 30261-13 - IRS attacks on sales to grantor trusts;
• 2013-2014 Priority Guidance Plan by the U.S. Department of Treasury;
• Administration's Fiscal Year 2015 Revenue Proposals;
• Congressman Camp's Tax Reform Proposals;
• Recent Developments in State Income Taxation of Trusts (Linn v. Ill. Dep't of Revenue, No. 4-12-1055 (Ill. App. Ct. 2013));
• Update on Same Sex Marriage Developments;
• Use of Arbitration Clauses in Estate Planning Documents; and
• 2014 Legislation Changing New York State’s Estate Tax Rules.

PANELISTS

Christine L. Albright

Holland & Knight LLP, Chicago, IL

Dennis I. Belcher

McGuireWoods LLP, Richmond, VA

Lee-Ford Tritt

University of Florida Levin College of Law, Gainesville, FL