Join us for a short presentation from Attorney Richard Land and what he learned when trying to understand the effects of the most publicized features of the Tax Cuts and Jobs Act:
(i) the repeal of personal exemptions;
(ii) limitations on the deduction for state and local taxes;
(iii) reduced rates; and (iv) the 20% deduction for qualified business income from a pass through entity.
Richard S. Land
Richard S. Land heads up the firm's estate planning and probate group, helping individuals from all walks of life to manage and dispose of their assets in an orderly fashion through lifetime transfers and through transfers at death by wills and trusts.
Richard serves a diverse clientele throughout Connecticut and New York. Some are retirees, young parents, business owners, professionals, or executives. Others are investors, authors, artists, unmarried couples, and same sex couples. Many are prompted to consult Richard upon the loss of a spouse. He counsels the elderly about incapacity and long term care, individuals with special needs, and executors and trustees about the rigorous demands of their positions.
In addition to preparing documents, Richard frequently provides advice regarding estate, gift and income tax strategies and the disposition of unique assets such as interests in closely-held businesses through business ownership and succession planning. He helps clients to plan comprehensively with life insurance and long term care insurance, to make optimal dispositions of IRAs, 401(k)s and other retirement accounts, and to select executors, trustees and guardians. He also counsels clients on the use of charitable trusts and foundations, as well as on creditor protection.