As the global economy continues to feel the disruptive effects of the COVID-19 crisis, now may be an appropriate time to consider potential estate planning opportunities: Low Interest Rates: The IRS prescribes minimum interest rates that taxpayers must charge on most loans (including installment sales) to avoid gift tax consequences. These IRS rates are now…
BRUCE D. STEINER
OF COUNSEL
Bruce Steiner has over 40 years of experience in the areas of taxation, estate planning, business succession planning and estate and trust administration. He is a frequent lecturer at continuing education programs for bar associations, CPAs and other professionals. He is a co-author of CCH’s Roth IRA Answer Book.
Practices
About
Bruce is a commentator for Leimberg Information Services, Inc., is a member of the editorial advisory board of Trusts & Estates, is a technical advisor for Ed Slott’s IRA Advisor, and has written numerous articles for Estate Planning, BNA Tax Management’s Estates, Gifts & Trusts Journal, Trusts & Estates, the Journal of Taxation, Probate & Property, TAXES, the CPA Journal, the CLU Journal and other professional journals. Bruce has been quoted in various publications including CNBC, Fox Business, Forbes, The New York Times, Wall Street Journal, Daily Tax Report, Lawyers Weekly, Bloomberg’s Wealth Manager, Financial Planning, Kiplinger’s Retirement Report, USA Today, Newsday, the New York Post, the Naples Daily News, Individual Investor, TheStreet.com, and Dow Jones (formerly CBS) Market Watch. Bruce has served on the professional advisory boards of several major charitable organizations and was named a “New York Super Lawyer” every year since 2010 and to “Best Lawyers” in New York every year since 2018.
Education
New York University (LL.M. in Taxation, 1976)
Gerald L. Wallace scholar State University of New York at Buffalo (J.D., cum laude, 1975)
Cornell University (B.A., 1972)
Bar Admissions
2005, U.S. District Court for the Southern and Eastern Districts of New York
1996, U.S. Court of Appeals, Third Circuit
1978, New Jersey, Florida and U.S. District Court, District of New Jersey
1976, New York, U.S. Tax Court and U.S. Claims Court
Speaking Engagements
American Bar Association
The American College
Bank of America
Baruch College School of Continuing Education
Bergen Tax Study GroupBloomberg BNA Tax Management
Central New Jersey Estate Planning Council
C.W. Post Tax Institute
Committee of Banking Institutions on Taxation
Consumers Union
Cornell University
Eastern New York Estate Planning COuncil
Essex County Bar Association
Fairleigh Dickinson Tax Institute
Financial Planning Association
The Florida Bar
Greater New Jersey Estate Planning Council
Hudson Valley Bank
Hudson Valley Estate Planning Council
JP Morgan Chase Bank
Lawline
Leimberg Webinars
Lighthouse
Lorman
Lower Fairfield County Estate Planning Council
Merrill Lynch
Metropolitan Life Insurance Company
Middlesex County Bar Association
Middlesex-Somerset Estate Planning Council
National Association of Personal Financial Advisors
New Jersey Institute for Continuing Legal Education
New Jersey State Society of Certified Public Accountants
New York City Bar Association
New York City Estate Planning Council
New York State Bar Association
New York State Society of Certified Public Accountants
New York Tax Study Group
New York University School of Continuing Education
Northern New Jersey Estate Planning Council
Rockland County Estate Planning Council
Seattle Estate Planning Council
Society of Financial Service Professionals
Strafford
University of Washington School of Law
Wachovia Bank
Westchester Estate Planning Council
Western Connecticut Estate & Tax Planning Council
Publications
Charitable Remainder Trusts Replicate the Stretch for IRAS
Trusts & Estates, April 2020
Protecting Against Elder Financial Abuse
Trusts & Estates, December 2019
Decanting Trusts to Remove Unwanted Beneficiaries
Trusts & Estates, June 2019
Probate and Property, May 2019
Tax Reform Opens a Window for Roth Conversions
Trusts & Estates, June 2018
Probate & Property, July/August 2018
Lessons from Prince’s Lack of a Will
Probate and Trust Law Section Newsletter, Philadelphia Bar Association, October 2016
Trusts & Estates, December 2015
IRA Rollovers – Making this option possible for a spouse who’s not the named beneficiary
Trusts & Estates, June 2015
Fiscal Year 2015 Revenue Proposals Affecting Retirement Plans and IRAs
Trusts & Estates, May 2014
Wolters Kluwer CCH’s CPA Client Advisor Library, January 2014
The Tax Increase Prevention Act extends QCDs for 2014
Trusts & Estates, December 2014
IRS Rules “No Problem” If IRA Trust Runs Out Of Beneficiaries Trusts & Estates, November 2013
Estate Planning in Decoupled States Post-ATRA – Co-authored by Martin M. Shenkman
Trusts & Estates, August 2013
Using Portability for Retirement Benefits
Trusts & Estates, June 2013
Roth Conversions Are More Attractive Under ATRA
Trusts & Estates, April 2013
Gift Splitting Where the Spouse Is a Beneficiary
BNA Tax Management’s Estates, Gifts & Trusts Journal, November 2012
Post-Mortem Action Can Limit Class Of Beneficiaries
Trusts & Estates, May 2012
Beware of the Reciprocal Trust Doctrine — Co-authored by Martin M. Shenkman
Trusts & Estates, April 2012
Practical Guidance on 2010 Carryover Basis — Co-authored with Martin M. Shenkman
CCH Practitioner’s Strategies, December 2011
Trusts & Estates, June 2011
Using Trusts to Protect Benefits from Beneficiaries’ Creditors
Trusts & Estates, September 2010
Before Setting Up A Trusteed IRA
Trusts & Estates, September 2009
Trusts & Estates, September 2008
Restorative Payments
Trusts & Estates Wealth Watch News, August 2007
The Accidentally Perfect Non-grantor Trust
Trusts & Estates, September 2005
Trusts as Beneficiaries of Retirement Benefits
Tax Management Estates, Gifts and Trusts Journal, March 2004
Coping with the Decoupling of State Estate Taxes After EGTRRA
Estate Planning, Vol. 30, No. 4, April 2003
Avoiding a Penalty on Early Distributions from Qualified Plans and IRAs
Estate Planning, January 2000
Postmortem Strategies to Shift Retirement Plan Assets to the Spouse
Estate Planning, October 1997
How Best to Use the Grandfather Election for Retirement Plans — Co-authored by Zelda Shapiro, CLU
Estate Planning, February 1996
The Benefits of Charitable Remainder Trusts — Co-authored by Frederick J. Wertlieb, CLU, ChFC, CFP
Journal of The American Society of CLU & ChFC, November 1992
Where to Deduct Estate Administration Expenses
The CPA Journal, August 1991
Disclaimers: Post-Mortem Creativity
Probate & Property, November/December 1990
Considering the Alternate Valuation Date Option
WG&L Estate Planning, July 1989
Timing of S Election Can Minimize Double Taxes on Gains
Corporate Taxation, November/December 1988
Estate Tax Marital Deduction Planning For Alternate Valuation
The Journal of Taxation, October 1986
Liabilities in Excess of Basis in Corporate Reorganizations – When Should Gain Be Recognized?
The Journal of Corporate Taxation, Spring 1979
Logarithms, Exponents and Carryover Basis
TAXES – The Tax Magazine, August 1978
Insights
Current Estate and Gift Tax Planning Opportunities
July 8, 2020Client AlertsSECURE, CARES and Retirement Account Distributions in 2020
June 26, 2020Client AlertsBoth the SECURE Act enacted in December 2019 and the CARES Act enacted in March 2020 changed the rules governing distributions from retirement plans and IRAs. Under the SECURE Act, retirement plan participants and IRA owners no longer have to begin taking distributions until April 1 of the calendar year after they reach age 72…
SECURE Act Changes Key Retirement Plan and IRA Rules Alerts
December 30, 2019Client AlertsRetirement benefits (such as pension, profit-sharing, 401(k) or IRA benefits) make up a substantial portion of many people’s assets. Congress recently passed, and the President signed on December 20, 2019, the Setting Every Community Up for Retirement Act (the SECURE Act) as part of the Further Consolidated Appropriations Act, 2020. The SECURE Act made various…