The One Big Beautiful Bill Act: Key Estate Planning Considerations for Attorneys

Salvatore J. LaMendola | Giarmarco, Mullins & Horton, P.C

Salvatore J. LaMendola, Esq. has been a member of the Trusts and Estates Practice Group at Giarmarco, Mullins & Horton, P.C. since 1996. Sal received his J.D. from Notre Dame Law School and holds a B.B.A. from the University of Notre Dame. His main practice areas are general estate planning; amending irrevocable trusts through trust decanting, exercises of power of appointment, and other techniques; pre-death and post-death planning for IRAs and other retirement plans; and charitable planning with charitable remainder trusts, charitable lead trusts, and private foundations. Sal is a member of the Probate & Estate Planning Section of the State Bar of Michigan. He is also a regular continuing education presenter for legal education webinar providers Rossdale of Miami, FL and Strafford of Dallas, TX. He also serves on Strafford’s Estate Planning Advisory Board and on the Interactive Legal Practice Advisory Board.

I. Reviewing formula bequests in light of “permanently” higher exemptions | 1:00pm – 1:30pm

II. Late allocations of increased GST exemption | 1:30pm – 2:00pm

Break | 2:00pm – 2:10pm

III. Tax-Free basis step-up planning using powers of appointment | 2:10pm – 2:40pm

IV. Income and transfer tax consequences of terminating irrevocable trusts | 2:40pm – 3:10pm