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September 2014 General Breakfast Meeting

September 11, 2014 @ 7:00 am - 9:00 am

September 2014 Handouts – Matthew Burke

Featuring Matthew Burke who will be speaking on Property Tax Change in Ownership for Estate Planners and Fiduciaries

This program will focus on the basic Proposition 13 change in ownership rules relevant for estate planning professionals with clients who have significant real estate assets. We will cover the basics of what transfers constitute a change in ownership and what transfers are excluded from reassessment. In particular, we will emphasize:

  • Transfers of property into and out of trusts
  • Changes in ownership during the trust term
  • The parent-child and grandparent-grandchild exclusions
  • Transfers of real property to legal entities
  • Transfers of legal entity interests
  • Ocean Avenue LLC v. County of Los Angeles (the “Dell” case)
  • Tips for acquiring property using entities

In addition, we will briefly discuss reporting requirements, escape assessments and statutes of limitation, and Mr. Burke will share some examples where the statutes of limitations have proved very favorable, and other where they have proved disastrous. Matthew Burke is Counsel in the Tax Group at Pillsbury Winthrop Shaw Pittman LLP. He advises individuals, family-owned businesses, trusts and trustees, private equity funds and major corporations on California property tax and transfer tax issues. His principal areas of expertise is Proposition 13 change in ownership with a particular emphasis on legal entity transactions, transfers via trust, inter-family transfers, and complex lease transactions. His other area of expertise is the taxation of possessory interests. Prior to joining Pillsbury, Matthew was Senior Tax Counsel with the California State Board of Equalization. He previously worked in the Tax Group of the Los Angeles office of Jones Day, and in the Corporate/Securities Department at the Los Angeles firm Troop, Meisinger, Steuber & Pasich LLP. Mr. Burke has a B.A. in Economics from the University of Colorado at Boulder, a J.D. from the University of California, Hastings College of the Law, and an LL.M. in Taxation from New York University School of Law.

Details

Date:
September 11, 2014
Time:
7:00 am - 9:00 am
Event Category:

Organizer

Marlowe Kepner
Phone:
310 375-6300
Email:
marlowekepner@gmail.com

Venue

The Depot
1250 Cabrillo Ave
Torrance, CA 90501 United States
+ Google Map
Phone:
310 787-7501
View Venue Website

Details

Date:
September 11, 2014
Time:
7:00 am - 9:00 am
Event Category:

Organizer

Marlowe Kepner
Phone:
310 375-6300
Email:
marlowekepner@gmail.com

Venue

The Depot
1250 Cabrillo Ave
Torrance, CA 90501 United States
+ Google Map
Phone:
310 787-7501
View Venue Website