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Annual Mortimer Hess Memorial Lecture on Estate and Gift Tax

Annual Mortimer Hess Memorial Lecture on Estate and Gift Taxation
Monday, June 9, 2025 | Lecture: 6:00 pm – 7:00 pm | Reception: 7:00 pm – 8:00 pm

Format: In-Person 

Program Fee: 
There is no fee for this event, please sign in to register.

Description: 
Tax planning in the context of estate planning in many instances focuses less on wealth transfer planning (estate, gift and GST taxes) and more heavily on the income tax-free step up in basis at death for most assets. The IRS has expressed its view in Rev. Rul. 2023-2 that a step up in basis generally applies only to assets included in the decedent’s gross estate, but is this analytically correct in the case of a grantor trust? Moreover, there is, as a practical matter, a way to obtain a step-up in basis for assets in a grantor trust even if the trust is not included in the grantor’s gross estate. In this year’s City Bar Mortimer Hess Memorial Lecture, Jonathan Blattmachr will explain how to have assets excluded from a grantor’s gross estate but still obtain the tax-free step up in basis at death. Jonathan’s presentation will also cover a bit of the history of the income tax step up in basis at death and delve into some of the complexity of section 1014.

Lecture Given By:
Jonathan G. Blattmachr, J.D., Principal, Pioneer Wealth Partners

Since the late 1960s, the Mortimer H. Hess Memorial Lecture has been sponsored annually by the Estate & Gift Taxation Committee. The lecture series, originally created by the family of the late tax lawyer Mortimer H. Hess, is made possible through a generous grant from Mr. Hess’s family and former partners. The subjects of the lectures are related to the law of trusts, estates, and taxation, subjects on which Mr. Hess was an acknowledged authority.

Sponsoring Committee: 
Estate & Gift Taxation, Kevin Matz, Chair
 
 


Where
New York City Bar Association 42 West 44th Street New York, NY 10036

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