In The News

Private Client Group Partner Quoted in Reuters Article on U.S. Gift Tax Strategies

Practices: Tax, Private Client

Private client group partner Marc Bloostein is quoted in a Mar. 14 article published by Reuters that examines ways in which the new U.S. gift tax could alter giving for wealthy individuals and their families.

In the article, Mr. Bloostein is quoted regarding a number of strategies for high net worth individuals making significant monetary gifts including structuring large gifts as loans, and the importance of filing the proper forms and keeping a thorough record of paperwork. Mr. Bloostein remarks that “it’s not unusual for them (the U.S. Internal Revenue Service) to audit an estate tax return.”

Cookie Settings