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MassNAELA Elder Law Institute XXVIII – 2022

What You Need to Know about Real Estate and Medicaid

Register Now

Date:  FRIDAY, May 6, 2022

Time: 8:30 AM – 4:30 PM

Location: MCLE, New England, 10 Winter Place, Boston, MA 02108

Speaker

Todd E. Lutsky, Esq., LL.M., Cushing & Dolan, P.C., Waltham

AGENDA:

Attorney Todd Lutsky will be a featured speaker at this annual program that is a “must” for anyone practicing Elder Law. Todd will be speaking from 11:30 AM – 12:30 PM about irrevocable trusts – important provisions and tax implications. This all day program will feature a number of other speakers covering topics such as life estates, reverse mortgages, Nominee Trusts, vacation homes, and investment properties.

 

Boston Tax Institute

What’s New in Medicaid Planning – 2022

From Irrevocable Trusts to Caretaker Children, from Testamentary Trusts and Annuities to IRA’s and Who Should Be the Beneficiary

Register Now

Zoom Live Video Conference

Date: TUESDAY, May 24, 2022

Time: 9:00 AM – 12:30 PM

Speaker

Todd E. Lutsky, Esq., LL.M., Cushing & Dolan, P.C., Waltham

CPE Credits: 4

RECENT DEVELOPMENTS OR, AS BRITTANY SPEARS WOULD SING, OOPS I DID IT AGAIN!

Avidia Bank CPA Appreciation Day

To Register Contact Stephen McAndrew: [email protected]

Date: THURSDAY, June 2, 2022

Time: 8:00 AM – 1:00 PM

Location: Worcester Country Club – 2 Rice Street, Worcester, MA 01606

Speaker

Leo J. Cushing, Esq., LL.M, Cushing & Dolan, P.C., Waltham

DESCRIPTION:

Despite the Biden Administration’s inability to pass Build Back Better with all of its tax increases, the government is at it again. This program will review the most recent income, estate, and gift tax proposals, including:

  • Raising the corporate income tax rate to 28%
  • Increasing individual income tax rates from 37% to 39.6% ($450,000 for married filing jointly, $425,000 for head of household, $400,000 for unmarried individuals, $225,000 for married filing separately).
  • Taxpayers with taxable income exceeding $1,000,000 to have their long-term capital gains and dividends taxed as ordinary income.
  • Transfers of appreciated property by gift or on death will be an income tax realization event.
  • Estate and gift tax rules affecting estate gift tax rules for grantor trusts.
  • Limiting duration of generation skipping transfer tax exemption (no more than two generations below the taxpayer).
  • Tax carried interests as ordinary income.
  • Repealing deferral of gain from like-kind exchanges.
  • New anti-clawback regulations – is it safe to make large gifts?
  • Income tax aspects of retirement distributions to trusts under the Secure Act – is it income or principal?

 

 Massachusetts Association of Accountants

Trust Potpourri (A Trust Buffet for Everyone’s Appetite)

To register, please contact Maria G. Burns at 781-246-7788

Zoom Live Video Conference

Date: TUESDAY, June 7, 2022

Time: 8:30 AM – 12:00 PM

Speakers

Leo J. Cushing, Esq., CPA, LL.M, Cushing & Dolan, P.C., Waltham

Todd E. Lutsky, Esq., LL.M., Cushing & Dolan, P.C., Waltham

CPE Credit Hours: 4

DESCRIPTION:

In this program, we will cover the following:

  • Revocable v. Irrevocable Trusts
  • Nominee/Realty Trusts
  • Irrevocable Life Insurance Trusts
  • Intentionally Defective Irrevocable Grantor Trusts
  • GRATS and QPRTS
  • Irrevocable Income-Only Medicaid Trusts
  • Domestic Asset Protection Trusts
  • The role of Crummey Notices and the present interest exclusion
  • Simple Trusts
  • Complex Trusts
  • Grantor Trusts

 

Boston Tax Institute

Estate Planning Essentials: Federal & MA Issues (706, 709, & M-706 Workshop)

Register Now

Zoom Live Video Conference

Date: THURSDAY, June 9, 2022

Time: 1:00 PM – 4:30 PM

Speaker

Todd E. Lutsky, Esq., LL.M., Cushing & Dolan, P.C., Waltham

CPE Credits: 4

DESCRIPTION:

This workshop will cover in detail the proper preparation of estate tax returns and gift tax returns.

 

Massachusetts Association of Accountants

Gift Tax Return Preparation Workshop

To register, please contact Maria G. Burns at 781-246-7788

Zoom Live Video Conference

Date: MONDAY, June 13, 2022

Time: 12:30 PM – 4:00 PM

Speakers

Leo J. Cushing, Esq., CPA, LL.M, Cushing & Dolan, P.C., Waltham

Todd E. Lutsky, Esq., LL.M., Cushing & Dolan, P.C., Waltham

CPE Credit Hours: 4

DESCRIPTION:

In this program, we will cover the following:

  • Preparation of sample gift tax returns
  • Computation of gifts using traditional discounts for lack of marketability and lack of control
  • Computation of gifts with retained interests using IRS tables (GRATS and QPRTS)
  • Distinguish between complete and incomplete gifts
  • Discuss the use of grantor trusts to make gifts of S-corporation stock and/or LLC non-voting interests
  • Allocation of generation skipping transfer tax exemption to get an inclusion ratio of zero
  • Understand and apply the new IRS proposed regulations dealing with clawback when the basic exclusion amount was higher on the date of death than the basic exclusion amount on the date of the gift Reg-118913-21 (April 26, 2022)

 

Boston Bar Association

Trusts and Estates Year-End Review

To Register please contact Jenna Kim [email protected]

Date: TUESDAY, June 14, 2022

Time: 10:00 AM – 12:00 PM

Speakers

Patricia Weisgerber, Esq., LL.M., Cushing & Dolan, P.C., Waltham

DESCRIPTION:

In this program, the panel will discuss recent federal and state case law, legislation, and tax law matters

 

Boston Tax Institute

1031 Like-Kind Exchanges

To Register please contact Lucien Gauthier at 617-459-0987

Zoom Live Video Conference

Date: Friday, June 24, 2022

Time: 1:00 PM – 4:30 PM

Speaker

Leo J. Cushing, Esq., CPA, LL.M., Cushing & Dolan, P.C., Waltham

Jenna R. Wolinetz, Esq., Cushing & Dolan, P.C., Waltham

CPE Credits: 4

DESCRIPTION:

1031 LIKE-KIND EXCHANGES a 4-hour live video conference (4 CPE credits) led by Leo J. Cushing, Esq., LL.M., CPA who has been a practicing tax attorney for over 40 years and Jenna R. Wolinetz who has been a practicing attorney for over 10 years. Topics include the following:

  • What is real estate after the tax cuts and Jobs Act?
  • Traditional like-kind exchanges, the 45-day period, the 180-day period, and the treatment of boot.
  • Are you an eligible qualified intermediary?
  • Reverse Exchanges – Acquiring Replacement Property Before the Relinquished Property is Sold (the Safe Harbor Rules and Case Law)
  • Like-Kind Exchanges for Partners and Partnerships and Members in LLCs –Using Drop-and-Swap Technique to take advantage of 1031 Exchanges
  • The step-up in basis on death to purge deferred gains
  • The elimination of 1031 Exchanges under the Biden Administration’s Build Back Better 2.0