When Tax, Trusts & Title Collide

Real estate might be the most tax-motivated asset class in America.  The sector gets preferential tax treatment from the Internal Revenue Code in many ways - depreciation, Section 1031 exchanges, Qualified Opportunity Zones, generous recapture rules, and exceptions to various compliance regimes.  This leads to purely tax-motivated structures, such as drop-and-swaps and nominee arrangements, that can pose interesting title issues.  What's more, the interplay between the "step-up" in basis at death and the estate/gift tax is especially important for real estate owners, leading to complex trust and estate transactions that also raise complex title questions.  At the state and local level, the state and city impose a tangle of real estate-related taxes, including the Real Property Transfer Tax, the Mortgage Recording Tax, and the Mansion Tax.  When all of these matters pop up, the confounding inquiries go to the title company.  This program is designed to educate attendees about how all of these legal and tax concepts work so they are better equipped to handle them going forward.  

A professional continuing education program approval by the NY State DFS.

Presented by:

Kenneth J. Falcon, Esq., Managing Partner, Falcon Rappaport & Berkman PLLC

Matthew E. Rappaport, Esq., Vice Managing Partner, Falcon Rappaport & Berkman PLLC 

NYSLTA approval number NYPO - 102959    

Upon completion of this webinar, licensed title agents may receive 2 CE credits; attorneys may receive 2 CLE credits in the area of professional practice.

Continuing Legal Education (CLE) for Attorneys

The NYSLTA is an accredited provider of continuing legal education in New York State. We offer CLE classes with special attention to title insurance issues. As required by the CLE Board, we offer scholarships to attorneys who cannot afford the CLE tuition.  Please contact the Association at 212-964-3701 for more details. 

Note - This course is for experienced attorneys ONLY (nontransitional).

This course has been sponsored by