By using trust structures like a CLAT (Charitable Lead Annuity Trust) and traditional income tax planning tools, you can save clients significant sums of money on sales of assets and generate large current income tax deductions. This session will explore, on a high level, two such tools that can be incorporated into a client’s planning to increase tax benefits in certain situations.
Anthony F. Vitiello is the chairman of the Taxation and Estate Planning Group at Connell Foley LLP. His practice is limited to tax planning for individuals, businesses, estates and trusts, with particular emphasis on estate planning and asset protection planning. Mr. Vitiello also maintains a significant practice in gift and estate tax audits and controversies.
Mr. Vitiello has been recognized in the 2011 through 2017 editions of Best Lawyers® (in the areas of Trusts and Estates, Tax Litigation and Controversy and Trusts and Estates Litigation). Best Lawyers is one of the most well respected and long-standing peer review publications in the legal profession. In the December 2005–2008 editions, all years of its publication, Mr. Vitiello was named by the editors of Worth magazine in its list of the nation's 'Top 100 Attorneys'. Worth's editors looked most carefully at attorneys specializing in trusts and estates and other personal planning matters.
Mr. Vitiello has lectured extensively and published on estate planning and related tax matters, including authoring the chapter on Grantor Retained Annuity Trusts in the American Bar Association’s 2011 publication, The ABA Practical Guide to Estate Planning. He is also certified to provide continuing professional education credits to certified public accountants in New York and New Jersey as well as those individuals holding the certified financial planner designation.
Mr. Vitiello received both his law degree and masters of law (LL.M.) in taxation from New York University. He began his career with the United States Treasury where he provided legal counsel to the Internal Revenue Service.
Mr. Vitiello is admitted to practice law in seven states and maintains a national practice in federal estate and gift tax planning for high and ultra high net worth individuals. His full biography, along with links to his published articles and lectures, can be found at:
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