Learning Objectives
To assist CPAs and other professionals who work with private equity orhedge fund managers to identify lifetime estate planning opportunities thatmay be presented for their clients, and the tax traps that can be presented to those who transfer carried interests without awareness of the technicalgift tax rules that may apply to them
Major Topics
• What are carried interests and their special tax consequences that mayapply to them for gift tax purposes?
• What is a “virtual slice” and whenshould it be used as a gifting device?
• The challenges that can bepresented through transfers of unvested interests.