New Bloomberg BNA Portfolio Helps Estate Planners And Advisers Navigate Transfer Tax Issues

PR Newswire

ARLINGTON, Va., Jan. 9, 2017 /PRNewswire/ -- Bloomberg BNA announced today the release of a new Tax Management Portfolio™ that focuses on tax considerations for structuring estate planning transactions with carried interests in hedge funds and private equity funds. The Portfolio, Wealth Planning with Hedge Fund and Private Equity Fund Interests and Related Section 2701 Issues, was written by attorneys Todd Angkatavanich, David A. Stein and Andrew Haave of Withers Bergman LLP.

The amount of capital under management by private equity and hedge fund managers continues to increase dramatically and, under the current U.S. transfer tax regime, that wealth can be subject to significant taxation either at death or when otherwise transferred. This Portfolio provides estate planning attorneys, financial planners, accountants, and family office professionals planning techniques for structures they can utilize for estate planning purposes. It covers a variety of subjects, including a variety of special topics in the context of funds, such as traditional "estate free" planning using the so-called "vertical slice," as well as various "non-vertical" planning alternatives.

"Managing carried interests is an extremely complex area of estate planning," said George Farrah, Editorial Director, Bloomberg BNA Tax & Accounting. "These authors have provided in-depth insights and practical guidance to help advisers avoid the many tax pitfalls that may occur when transferring interests in private investment vehicles."

Bloomberg BNA's award-winning Tax Management Portfolios are the trusted source for thorough, topic-driven, in-depth analysis of tax topics and issues. Written by a network of leading tax practitioners with deep expertise in specific areas of federal, state, and international taxation, the Portfolios feature practical insights, including real-world scenario analysis and practice aids to help professionals make the most informed recommendations to their clients.

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