This 2-hour December 28, 2010 talk by Louis A. Mezzullo, Esquire, a partner in the Rancho Santa Fe, CA offices of McKenna Long & Aldridge LLP, gives you a practical explanation and analysis of the estate, gift and generation-skipping provisions of the just-enacted (December 17, 2010) Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (“The Act”). In addition, Mr. Mezzullo provides useful suggestions for planning under The Act and valuable recommendations regarding redrafting of existing documents

Major topics include:

όHow We Got Here

όTemporary Estate Tax Relief

• general

• election to have carryover basis apply

• extension of certain filing deadlines

• portability of unused exemption between spouses

• sunset provisions

• effective dates

• proposals not included

όPlanning Under The Act

• persons dying in 2010

• gifts in 2010

• generation-skipping transfers in 2010

• using the $5 million gift tax applicable exclusion amount

• portability

όThe Effect Of Repeal On Existing Documents

• interpretation issues

• state law fixes

• effect of retroactive reinstatement of the estate and GST taxes

• drafting issues

όTax-Free Distributions From Individual Retirement Plans To Charities

όDealing With Carryover Basis