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Day 1
THURSDAY MORNING, SEPTEMBER 22, 2011
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| 6:00 |
Registration Desk Opens |
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| 6:30-7:30 |
Breakfast sponsored by BARRY, EVANS, JOSEPHS & SNIPES |
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| 7:30-8:15 |
Special Early Morning Presentation: HOT TOPICS: EXPLORING KEY DEVELOPMENTS – Tax rulings, regulations, and court decisions are a fact of life for estate planning professionals. Additionally, the temporary nature of the existing legislative framework has introduced considerable complexity to the planning process. This panel of experts will survey the field of recent developments, highlighting those most likely to affect your daily practice.
Panel: Ronald D. Aucutt and Diana S.C. Zeydel
Moderator: Dennis I. Belcher |
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| 8:15-9:15 |
CRITICAL CONSIDERATIONS IN ESTATE PLANNING AND ESTATE ADMINISTRATION UNDER THE NEW (TEMPORARY) TAX REGIME – As the clock would down in 2010, Congress introduced a federal transfer tax regime for 2011 that unified the application of the estate, gift, and GST tax regimes, all at considerably increased exemption levels. This presentation will address critical aspects of the new legislative paradigm that affect estate planning and estate administration, all while keeping an eye on the scheduled expiration of the legislation at the close of 2012.
Ronald D. Aucutt, McGuireWoods LLP, McLean, VA |
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| 9:15-10:00 |
THE BRAVE NEW WORLD OF PLANNING WITH "IRREVOCABLE" TRUSTS – This presentation will address recent developments in the use (and misuse) of decanting, trust amendments as authorized by trust agreements, flipping between grantor and nongrantor trust status, discretionary versus ascertainable standards for trust distributions, and much more. In the course of this discussion, the program will emphasize how to avoid tax disasters in this context.
Diana S. C. Zeydel, Greenberg Traurig, LLP, Miami, FL |
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| 10:00-10:15 |
Break |
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| 10:15-11:15 |
LIFE INSURANCE IN WEALTH TRANSFER PLANNING – Wealth planning advisors must understand the mechanics and taxation of life insurance and the options to enhance its use in the new tax, regulatory, and economic environment. This presentation will address the latest developments and variety of planning techniques involving life insurance.
Jonathan Blattmachr, Eagle River Advisors, LLC, New York, NY
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| 11:15-12:15 |
CHARITABLE PLANNING IN 2011 AND BEYOND – Determining the best charitable planning and giving techniques in the current wealth transfer tax and financial environment is difficult for even the most seasoned estate planners. This presentation will examine techniques that are in favor while noting techniques that should be avoided.
Turney P. Berry, Wyatt, Tarrant & Combs, LLP, Louisville, KY |
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| 12:15-1:05 |
Mid-day Program: TRUST YOUR CAPTIVE: PROPERTY AND CASUALTY INSURANCE SOLUTIONS WITH WEALTH TRANSFER BENEFITS FOR BUSINESS
OWNERS – This presentation will provide an overview of captive insurance companies, describe the structure of a mini-captive, and discuss the benefits to your business owners
and their families.
Sponsored by WILMINGTON TRUST and presented by Donna Barwick, Jared Milbury and Mary Alice Avery, Atlanta, GA |
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THURSDAY AFTERNOON, SEPTEMBER 22, 2011 |
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| 1:15-2:15 |
FAMILY LIMITED PARTNERSHIP TAX CONTROVERSIES: THE CHANGING ENVIRONMENT – Courts continue to address valuation and other tax-related issues that arise in the context of gifts and sales of beneficial\interests of family limited partnerships and limited liability companies. This presentation reviews the breadth and depth of recent decisions, while noting the effect of these decisions on current planning.
John W. Porter, Baker Botts LLP, Houston, TX |
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| 2:15-3:15 |
"DO I NEED TO GO OFFSHORE?" THE CURRENT STATUS OF DOMESTIC AND INTERNATIONAL ASSET PROTECTION PLANNING – Fundamental differences exist between domestic and offshore asset protection planning, and these distinctions continue to evolve on a rapid basis. This presentation will address key considerations for protecting clients (and their lawyers) from the IRS and other creditors, while noting steps to take to avoid adverse tax consequences. The presentation also will highlight important cases recently decided in this arena.
Duncan E. Osborne, Osborne, Helman, Knebel & Deleery, L.L.P., Austin, TX |
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| 3:15-3:30 |
Break sponsored by TRUSTS & ESTATES MAGAZINE |
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| 3:30-4:30 |
TAX ANOMALIES AMONG ENTITIES USED IN BUSINESS AND ESTATE PLANNING – This presentation will focus on the anomalies that exist in the income taxation of partnerships, C corporations, S corporations, and irrevocable trusts, focusing on issues that every estate planner needs to know but often overlooks.
Theodore B. Atlass, Atlass Professional Corporation, Denver, CO |
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| 4:30-5:45 |
YOU BREACHED MY CONTRACT, SO PLEASE RETURN MY GIFT – Donors frequently have specific ideas concerning the use of funds they donate to public charities. Unfortunately, parties all too often fail to adequately address these matters in writing. Vague commitments are made in an informal matter, predictably leading to future consternation if not litigation among the interested parties. In addition to discussing the primary tax rules that arise in this setting, the presentation will discuss a variety of issues that should be addressed in a typical memorandum of understanding that accompanies the gift.
William L. Harbison, Sherrard & Roe, Nashville, TN |
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| 5:45-7:15 |
Cocktail Party sponsored by MANAGEMENT PLANNING, INC. |
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ESTATE PLANNING – Day II
FRIDAY MORNING, SEPTEMBER 23, 2011 |
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| 6:45 |
Registration Desk Opens |
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| 6:45-7:45 |
Breakfast sponsored by BCG VALUATIONS |
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| 7:45-8:30 |
TAX PROCEDURAL AND ADMINISTRATION RULES IN THE TRUST AND ESTATE SETTING – This presentation will address procedures and administration rules that govern the administration of trusts and estates (and the interplay between the two), applicable statutes of limitation, and who has or may have personal liability for estate and income taxes in this setting.
Mickey R. Davis, Davis & Willms, PLLC, Houston, TX |
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| 8:30-9:45 |
TOP TEN VALUATION TECHNIQUES – A centerpiece of the federal transfer taxation regime is the general approach of determining value by reference to the price at which the property would change hands between hypothetical disinterested parties acting at arm´s length—the much adored "willing buyer-willing seller" standard. This presentation will explore a variety of planning techniques that are designed to reduce the objective value of transferred property, with the discussion venturing beyond the traditional family limited partnership approach.
Christopher J.C. Jones, Moore & Van Allen PLLC, Charlotte, NC
Gerald P. Valentine, Management Planning, Inc., Morehead City, NC
Adrian R. Loud, Bennett Thrasher P.C., Atlanta, GA
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| 9:45-10:00 |
Break sponsored by MOORE & VAN ALLEN PLLC |
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| 10:00-11:00 |
BEYOND TRUSTS: ALTERNATIVE WEALTH TRANSFER VEHICLES – Take a detour off the beaten path to explore often overlooked wealth transfer techniques that do not involve trusts. This presentation will explore the situations appropriate for these techniques, how these techniques can accomplish many of the same objectives traditionally associated with trusts, and how these techniques sometimes work better than trusts.
Susan T. Bart, Sidley Austin LLP, Chicago, IL |
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| 11:00-12:00 |
A PRESENT (PRESCIENT) LOOK AT THE FUTURE OF EVERYDAY PLANNING – The 2010 Tax Act portends a transformation of traditional estate planning practices. The $5 million portable exclusion amount alone significantly reduces the number of clients who might embrace the benefits of federal wealth transfer tax planning and the desirability of various traditional dispositive schemes. This presentation will reflect the temporary nature of the 2010 compromise and the continuing need to preserve flexibility to address legislative uncertainty. It will consider the public's estate planning needs in light of both demographic and tax law developments. And it will suggest refinements to the future direction of estate planning practices.
Jeffrey N. Pennell, Emory University School of Law, Atlanta, GA |
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| 12:15-1:05 |
Mid-day Program: MUNICIPAL BONDS, SEPARATING FACT FROM FICTION – This discussion will focus on the current investment climate surrounding municipal
bonds. There has been a hotly contested debate regarding the likelihood of massive municipal defaults. We will try and separate fact from fiction and where there is
opportunity on the yield curve.
Sponsored by UBS WEALTH MANAGEMENT and presented by Justin P. Ryan and Elbridge (Ebby) T. Gerry |
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FRIDAY AFTERNOON, SEPTEMBER 23, 2011 |
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| 1:15-3:45 |
RECENT ESTATE PLANNING DEVELOPMENTS – Significant court decisions, rulings and statutory and regulatory developments relating to federal trust and wealth transfer taxes.
Stanley M. Johanson, Distinguished Teaching Professor and Fannie Coplin Regents Chair in Law, University of Texas School of Law, Austin, TX |
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| 3:45 |
Adjourn |
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ADDITIONAL SPONSORSHIPS:
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Wi-Fi: BASS, BERRY & SIMS, PLC |
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