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The What, Why, and When of Planning for the Remainder of 2020 Virtual Evening Program
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When: Tuesday, October 20, 2020
4:00 PM
Where: Virtual
United States
Contact: Caitlin Borger

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The What, Why, and When of Planning for the Remainder of 2020


This year-end planning presentation outlines a wide range of planning ideas for estate planning professionals to consider in light of the 2020 elections, which may engender significant changes to the estate and gift tax sections of the Internal Revenue Code and Regulations. The potential for significant changes, which include a substantial reduction to the estate, gift, and generation-skipping transfer tax exemption amounts, the elimination of the step-up in basis at death, and new restrictions on grantor retained annuity trusts, among others, mean that clients will want to implement transfer tax minimization strategies before year-end; however, a unique and unfortunate feature to year-end planning in 2020 is that the desire to take advantage of the current laws coincides with many clients feeling financially vulnerable in the current economic environment. The presentation therefore focuses on several gifting strategies that allow clients to engage in effective transfer tax planning while maintaining an ability to access those assets if necessary. Some of the questions we hope to answer are (1) whether domestic asset protection trusts may be used effectively in New York, (2) whether practitioners should implement long-term GRATs in lieu of two-year rolling GRATs in order to lock in the ultra-low section 7520 rate, and (3) what the most effective ways to implement planning that could be undone if the values of gifted assets decline in this uncertain economic environment or if the election results do not portend significant tax reform after all.


4:00-4:05 PM : Introduction and Welcome 

4:05-4:55 PM : Presentation

4:55-5:00 PM : Questions from Audience

5:05-5:40 PM : Breakout Networking


Want to suggest a topic for networking discussions? Please click here. 


Registered guests will receive Zoom log-in instructions the day of the event.


About the Presenters

Austin Bramwell, Partner, Trusts and Estates Group of Milbank LLP


Austin Bramwell is a partner in the Trusts & Estates Group of Milbank LLP in New York and an Adjunct Professor of Law at New York University School of Law, where he teaches income taxation of trusts and estates. He is co-chair, estates and trusts, of the Executive Committee of the New York State Bar Association Tax Section. In 2017 and 2018, he served in the U.S. Treasury Department's Office of Tax Policy, where he helped craft the landmark Tax Cuts and Jobs Act of 2017, and worked on important tax regulatory projects within the Treasury Department. A frequent lecturer and author of numerous articles in tax and estate planning, he is a Fellow of the American College of Trusts and Estates Counsel and an Academician of The International Academy of Estates and Trusts Law. He clerked for the Hon. Timothy M. Tymkovich, Chief Judge of the Tenth Circuit Court of Appeals.





Brad Dillon, Senior Wealth Strategist - Executive Director, UBS

Brad works with ultra-high net worth families, helping them achieve their tax, estate planning, and philanthropic objectives. Brad focuses on developing and implementing creative and comprehensive wealth transfer strategies that align with clients' wishes. He reviews clients' tax and estate planning documents to ensure that each plan accurately and holistically reflects the family's philosophy and needs while maximizing tax efficiency.


Prior to joining UBS in January 2020, Brad worked at Brown Brothers Harriman, where he advised families on their tax and estate planning objectives. Brad began his career in private legal practice, most recently at Milbank in New York City, where he practiced in the firm's trusts and estates department. Brad is an adjunct professor at Fordham Law School, where he teaches courses on trusts and estates.

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