Jennifer M. Smith focuses her practice on developing tax-efficient structures for her clients' estate, charitable, and business succession planning needs. She provides technical tax and legal analyses to support implementation of estate and business succession plans using a variety of techniques, including family limited partnerships and limited liability companies, irrevocable trusts, buy-sell agreements, life insurance liquidity plans, and other creative solutions. In addition, Jennifer frequently provides counsel to insurance clientele on issues of specific interest to the life insurance industry, including insurance policy taxation, 1035 exchanges, split-dollar planning, premium financing, and charitable insurance structures.
Jennifer has published numerous articles in leading tax journals and wealth planning publications. She also has served as a special consultant to BNA Tax & Accounting as an author of several Tax Practice Series chapters.
Areas of Concentration
ˇ Sophisticated estate planning
ˇ Life insurance planning and premium finance
Professional & Community Involvement
ˇ Member, American Bar Association
ˇ Member, Society of Financial Service Professionals
Articles, Publications, & Lectures
Articles
ˇ Co-author, "Product Selection Considerations for Estate Planning, " The AALU Quarterly, Winter 2011
ˇ Author, "Life Insurance: A Significant Estate-Planning Vehicle," Family Business Magaize, Autumn 2010
ˇ Co-author, "Giving Private Split Dollar a Second Chance," The AALU Quarterly, Spring 2010
ˇ Co-author, "Day of Reckoning," Private Wealth Magazine, June 2009
ˇ Co-author, "Estate Tax Planning for 2009 and Beyond," WebCPA Daily, April 7, 2009
ˇ Co-author, "What Now? Estate Tax Planning in an Uncertain World," Wealth Management Business, March 2009
ˇ Co-author, "Brilliant Deduction - The Supreme Court's Ruling to Limit Deductions for Trust Investment Fees," Private Wealth Magazine, April/May 2008
ˇ Author, "Advertising," 2120, BNA Tax Practice Series
ˇ Author, "Educational and Professional Expenses," 2150, BNA Tax Practice Series
ˇ Author, Insurance Premiums, 2170, BNA Tax Practice Series
ˇ Co-author, "Grantor Trusts: Supercharging Your Estate Plan," Tax Management Estates, Gifts & Trusts Journal, Vol. 32, No. 1, January 2007
ˇ Co-author, "Issues in Developing Legal Structures for Global Families," Private Wealth Management 2006
GT Alerts
ˇ Co-author, "Distributions by Private Foundations and Donor Advised Funds: Procedures for Determining Recipient's Public Charity Status," GT Alert, December 2007
ˇ Co-author, "Supreme Court and IRS Take on Deductibility of Trust Investment Management Fees," GT Alert, September 2007
ˇ Co-author, "Notice 2007-34: Guidance on Application of 409A to Split Dollar Insurance Arrangements," GT Alert, July 2007
ˇ Co-author, "Death of Private Annuities? The IRS and Treasury Department Issue Proposed Regulations on the Taxation of Certain Private Annuity Transactions," GT Alert, December 2006
ˇ Co-author, "The Pension Protection Act of 2006 - New EOLI Legislation Potentially Taxes Typical Insurance Arrangements," GT Alert, December 2006
ˇ Co-author, "Chawla v. Transamerica Occidental Life Insurance Company: The End of the ILIT?," GT Alert, March 2005