Abby Feinman, head of the Los Angeles Private Wealth practice, was featured in a Law360 Q&A. She discussed the need to plan around current transfer tax rates in addition to state and federal income tax rates, along with the discrepancy among state tax rates. Abby also noted how important it is for trusts and estates attorneys to incorporate flexibility in planning and transactions to ensure that a client’s structures can adjust as necessary over time: “Depending on the circumstances, we utilize powers of appointment, discretionary distribution and administrative provisions, the power to amend a trust, the ability to decant a trust to another jurisdiction, and disclaimers (among other techniques) to achieve the clients’ goals notwithstanding changes in circumstances and state and federal laws.”
Los Angeles – Century City
