Death taxes on agenda at law conference
A Bermuda lawyer is to discuss the possible abolition of death taxes at a major international conference tomorrow.
Peter Pearman, a director in the private client and trust department of Conyers Dill & Pearman, will examine death taxes being phased out and replaced with a more efficient system.
He said death taxes were a common form of taxation in most countries, but that there was “a growing trend” to do away with them.
Mr Pearman added: “There is a growing perception that death taxes are inherently inefficient and, as an example, it is estimated that US estate tax amounts to less than one per cent of federal revenue.”
He will be part of a panel discussion on estate planning for death taxes at the Legal Week Private Client Forum, which will be held at Rosewood Tucker's Point from tomorrow until Friday.
Alec Anderson, CD&P's global head of private client and trust, will also speak at the conference, analysing decisions affecting planning and dispute resolution in an increasingly complex legal environment.
Law firm Appleby will also be represented at the conference, with senior associate Ashley Fife taking part in a panel debate on the power of family offices in looking after the wealth management, administration and fiduciary roles of their clients.
And Carlos de Serpa Pimental, group head of the firm's private client and trust practice group and a partner in the Cayman office of Appleby, will also be part of a panel discussion on legal decisions affecting planning and dispute resolution.