Message from the Firm
By Michael B. Luftman
Just over three months ago, the Pension Protection Act was signed into law. Given the Act’s title, we initially believed it pertained only to pension matters. However, upon a review, we determined that 15% or so of the law pertains to estate planning and exempt organization issues. Therefore, our department studied the law in great detail. As a byproduct of our effort, we are pleased to provide you with the first of four newsletters addressing important estate planning and exempt organization matters covered by the new law. Our intention is to publish an additional newsletter on this subject each of the next three weeks, so that you can be apprised of these important matters before year end. We believe timely communication of these issues is critical, since much of the law is already in effect. As our articles will explain, Congress—as usual and at the behest of the IRS—has tried to close perceived loopholes. And, as usual, Congress has made the law more complex! If you have any questions about the issues addressed in our articles, please contact the relevant author or me.
Reprinted with permission, © 2006 Reish Luftman Reicher & Cohen. All rights reserved. The Reish Luftman Reicher & Cohen Trust and Estate Advisor Report is published as a general informational source. Articles are general in nature and are not intended to constitute legal advice in any particular matter. Transmission of this report does not create an attorney-client relationship. Reish Luftman Reicher & Cohen does not warrant and is not responsible for errors or omissions in the content of this report.
Learn more about R&R's related practice areas:
Tax, Estate Planning & Probate
