Jerome M. Hesch to Speak at NYU Advanced Trusts and Estates Conference

Jerome M. Hesch, Counsel to the firm’s Business & Real Estate Taxation, Trusts & Estates, Tax Exempt Organizations and Private Wealth & Taxation Practice Groups will present at the NYU School of Professional Studies Advanced Trusts and Estates Conference. Jerome is speaking on the “Use of Spreadsheet Modeling to Understandably Communicate the Benefits of Estate Planning Techniques.”

When discussing estate planning strategies with clients, it is imperative to discuss the benefits of planning versus not planning. Sometimes the benefits can be showcased with an easy example or two, as when discussing the use of the lifetime exemption to make taxable gifts. The primary objective of financial modeling is to discuss the tax benefits of a planning technique and communicate these tax benefits in an understandable manner. The financial models will consider the impact on the grantor because the grantor has to pay the income taxes on the grantor trust’s income. In addition, financial modeling also be used to have the client actively engaged in the design of the proposed strategy. The materials will also discuss what can be done to eliminate the financial hardship caused by the grantor having to pay the income tax on the grantor trust’s income. Modeling out strategies not only provides tangible numerical data for clients, but it can also often provide deep insights into the strategies we propose. This presentation will use financial modeling to highlight a few of those insights and hopefully provide its readers with practical planning tips to help their clients make better decisions around their planning, ones that align more closely with their spending needs and their financial goals.

The Advanced Trusts and Estates Conference moves beyond the basics of the taxation of trusts and estates and planning to more sophisticated planning opportunities, issues, techniques and pitfalls.

For more information and to register, please visit https://bit.ly/3zEv9n5.