(Tentative Title) Strategies for Trusts Hammered by Increased Income Tax Rates

Date: Wednesday, February 2, 2022
Time: 5:00pm - 7:00pm
Location: Milwaukee University Club
Speaker: Atty. Steve Gorin

Tentative Description (depends upon final legislation): We will compare recent increases in trust income tax rates to increases in individual income tax rates on investments and business interests.  We will review how to shift income to beneficiaries with or without making distributions and the use of annuities and life insurance to defer or avoid income taxation.

Steve Gorin is a partner in Thompson Coburn LLP.  In addition to helping clients of his firm, he helps lawyers throughout the country, providing specialized assistance so that they can do projects they might otherwise have been uncomfortable doing without him.

Before practicing law, Steve practiced accounting for 8 years and was a partner in a local CPA firm; he still maintains his CPA license and CGMA designation and actively participates in the Missouri Society of CPAs.  For the American College of Trust & Estate Counsel, Steve chairs the Employee Benefits Committee and is a past chair of the Pass-Through Entities Subcommittee of the Business Planning Committee.  He is a former chair of the Business Planning Group of Committees of the American Bar Association’s Real Property, Trust & Estate Law Section.

He is a member of NAEPC’s Estate Planning Hall of Fame and in 2021 was the first person named Distinguished Estate Planner by St. Louis’ Estate Planning Council.  Best Lawyers has twice named Steve as Lawyer of the Year for St. Louis in each of Tax Law and Business Organizations (including LLCs, and Partnerships), in addition to recognizing him for Trusts & Estates and for Closely Held Companies and Family Business Law.  For more about him, see http://thompsoncoburn.com/people/steve-gorin.

Steve’s “Structuring Ownership of Privately-Owned Businesses: Tax and Estate Planning Implications” is a few thousand page fully searchable PDF.  To obtain the PDF and join the thousands who have decided to receive quarterly a link to the most recent version, both at no charge, go to http://www.thompsoncoburn.com/forms/gorin-newsletter (which ACTEC also provides to its members on a web page it devotes to his work).

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