The presentation is designed to provide the professional fiduciary administering an estate or trust with an overview of the issues relating to the satisfaction of certain types of gifts to assist in the proper and efficient administration of the estate or trust. The presentation will initially explain and illustrate the different types of gifts. Next, the presentation will summarize what the donee receives in addition to the gift itself, if anything, such as income or interest. Third the presentation will discuss the tax ramifications of satisfying the different types of gifts, including which gifts carry out distributable net income (DNI) of an estate or trust, marital deduction issues, and the generation-skipping transfer tax consequences of certain gifts.
EB 3 – Gifts With Purpose: Decoding The Types Of Testamentary Gifts And Their Consequences
Speakers
Julia R. Haye
Greenberg & Glusker LLP
Julia R. Haye focuses on high-net-worth disputes, including high-asset divorce proceedings and probate litigation. Her practice includes complex cases involving marital property characterization, agreements, and intricate property issues. Drawing on extensive litigation experience, Julia effectively navigates high- stakes financial disputes, building trust with clients to resolve contentious, sensitive matters in divorce and probate cases. She has been recognized for her skill in high-net-worth litigation, named a Leader of Influence: Litigators and Trial Attorneys by the Los Angeles Business Journal in 2024 and included in Best Lawyers in America. Julia earned her J.D. from UCLA School of Law and her B.A. from UCLA.
Marc M. Stern
Greenberg & Glusker LLP
Marc M. Stern, Partner in Greenberg Glusker’s Private Client Services Group, advises clients on wealth retention and disposition, focusing on estate planning, transfer tax strategies, premarital agreements, and estate and trust administration. He also handles probate litigation and gift and estate tax controversies. Marc has been recognized in The Best Lawyers in America (2010-2025), Chambers High Net Worth Guide as a leading lawyer in private wealth disputes (2019) and was named a Trust & Estate Trailblazer by the National Law Journal (2017). Marc earned his J.D. from USC Gould School of Law and a B.S. in Mathematics from Stanford University.