The ATRA-Math Estate Planning After the American Taxpayer Relief Act of 2012

Date: Monday, November 18, 2013
Time: 12:00 PM - 1:30 PM
Location: MAC 405 Washington Avenue
Speaker: Tom Pauloski


Registration Link:

Topic: Impact of Life Insurance on Overall Performance of Portfolio

About the Talk:

o             Summary: The American Taxpayer Relief Act (ATRA) of 2012 seems to clarify estate planning, but our research suggests that the reality is far more complex. ATRA’s subtle complexities create potential traps for clients and their estate planners. For example, with income tax rates (for some) markedly higher, and transfer tax rates only marginally so, are there circumstances in which a step-up in basis at death may be more valuable than a lifetime gift? How useful is “portability” of the applicable exclusion—and is it more useful in some states than in others? And how might variables that seem to have little to do with estate planning—such as a client’s spending rate—affect a wealth transfer plan under ATRA? Thomas J. Pauloski, J.D., National Managing Director of Bernstein’s Wealth Management Group, will use a series of case studies to explore these and other questions that arise under ATRA. Tom will use sophisticated wealth forecasting software to assess the planning opportunities and trade-offs.

Speaker bio:

Mr. Tom Pauloski is a National Managing Director in the Wealth Management Group of Bernstein Global Wealth Management, the research division of Bernstein's Private Client Group. He works with private clients and their advisors on wealth transfer strategies, focusing on tax-efficient wealth management and asset allocation decisions. Previously, Tom was a partner at the Chicago law firm of Winston & Strawn LLP, where he concentrated his practice in estate, tax, and business planning. Tom also has been a member of the Chicago law firm of Levin & Schreder, Ltd., a Vice President in the Private Client Group of Zurich Life in Long Grove, Illinois, and a partner at the Chicago law firm of Schiff Hardin & Waite.


Tom is a nationally known speaker on estate planning, tax, and insurance issues, and has written numerous articles and continuing legal education materials on estate planning topics. He serves on the faculty of the American Bankers Association National Trust and National Graduate Trust Schools, and has served on the adjunct faculty of the Cannon Financial Institute Schools. Tom has been an adjunct professor at Loyola University Chicago School of Law and has taught estate planning classes at Northwestern University Law School. Tom also has served on the editorial board of Trusts & Estates magazine. He retired from the United States Naval Reserve in 2003, after 21 years of service.


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