On October 18, 2022, the IRS released Revenue Procedure 2022-38, which announced 2023 annual inflation adjustments for various tax provisions. Effective January 1, 2023, the estate and gift tax basic exclusion amount and the generation‑skipping transfer (“GST”) tax exemption are scheduled to increase from $12,060,000 to $12,920,000. This is an increase of $860,000 per person or…
ANTHONY F. MONTARULI
ASSOCIATE
Anthony F. Montaruli practices in the areas of estate planning and administration, trust administration, charitable giving and income, gift and estate tax planning. Prior to joining the firm’s Trusts and Estates Department, Anthony practiced in the firm’s Corporate Department for almost ten years, where he focused on matters relating to the structure, formation and operation of private investment funds. Anthony utilizes his corporate law experience to advise private fund managers on management and other corporate structures that best serve their estate planning goals.
Practices
Education
Boston College Law School (J.D., cum laude, 2006)
College of the Holy Cross (B.A., summa cum laude, 2003)
Bar Admissions
2007, New York
Accolades
Phi Beta Kappa
Insights
IRS Announces 2023 Inflation Adjustments to Estate, Gift and Generation-Skipping Tax Exemptions
October 20, 2022Client AlertsUpdate: Ways and Means Committee Proposes New Legislation
October 6, 2021Client AlertsKleinberg Kaplan recently sent a Trusts & Estates Client Alert discussing potential changes to the tax law that were proposed by the House Ways and Means Committee (click here for the Client Alert). A recent report issued by the House Budget Committee regarding the proposals has important implications concerning the proposed provisions related to grantor…
Ways and Means Committee Proposes New Legislation
September 28, 2021Client AlertsThe House Ways and Means Committee recently released a draft of the tax portion of the proposed reconciliation bill. Some of the proposals affecting individual taxpayers, estates and trusts are described below. Termination of Temporary Increase in Gift and Estate Tax Exclusion Amount The gift and estate tax exclusion amount is presently $11.7 million (indexed…