Breakfast sponsored by BROWN BROTHERS HARRIMAN TRUST COMPANY, N.A.

Special Early Morning Presentation: WHAT HAS THE IRS DONE FOR US LATELY? Just like death and taxes, tax rulings and regulations are a fact of life for estate planning professionals. A panel of experts will take a detailed look at important recent rulings and regulations that impact your daily practice.
Panel: Catherine V. Hughes, Barbara A. Sloan, and Charles D. Fox, IV
Moderator: Dennis I. Belcher

HAS THE FUTURE FINALLY ARRIVED? – As we go to press with this program, no one knows whether, when or how Congress may address the chaos that now prevails in the federal transfer tax world. This presentation will cover up to the minute legislative developments and offer practical advice on how to counsel your estate planning and administration clients regardless what regime – or lack thereof – may be in place.

Charles D. ("Skip") Fox, IV, McGuire Woods LLP, Charlottesville, VA

TO DEDUCT OR NOT TO DEDUCT: WHAT IS A RETURN PREPARER TO DO? – Estate tax returns must often be filed before all of the facts are in regarding expenses and claims that may ultimately be deductible. In response to cases such as O´Neal v. United States dealing with the appropriate date and method for valuing such items on the return, Treasury has now issued final regulations. The panel will guide you through the new rules and how they will affect your practice.

Catherine V. Hughes, Attorney-Advisor, U.S. Treasury Dept., Washington, DC
Barbara A. Sloan, McLaughlin & Stern LLP, New York, NY
C. Fred Daniels, Cabaniss, Johnston, Gardner, Dumas & O'Neal LLP, Birmingham, AL

Break Sponsored by Enterprise Value Consulting, LLC

NEWS FROM THE FRONT: IRS ATTACKS ON FAMILY ENTITIES – Estate planners have long used valuation discounts as an effective wealth transfer technique. The IRS has been attacking discount-based planning strategies for years with mixed results. Each new case provides additional insight into the hot button issues that can make or break your clients´ plans. An experienced litigator will lead you through the minefield and summarize the latest skirmishes in this ongoing battle.

Charles E. ("Chuck") Hodges, II, Chamberlain Hrdlicka White Williams & Martin, Atlanta, GA

ESTATE PLANNING IN THE 21ST CENTURY – Estate planning will adapt to changing client demographics, as we redesign planning that was developed for prior generations. For example, Baby Boomer attitudes differ from their World War II generation parents – about wealth; about the role and abilities of women; about marriage, divorce, remarriage, and family; about education; and about work, retirement, and inheritance. Our challenge is to reflect the desires of a generation that is just now beginning to seriously consider estate planning, as they inherit wealth (over 70% of Boomers are not yet orphans), retire, and reach the age at which peers die of natural causes.

Jeffrey N. Pennell, Emory University School of Law, Atlanta, GA

Mid-day Program: Planning to Minimize or Avoid State Income Taxes on Trusts – This presentation will address the issues of managing state income-tax liability while, if done properly, may provide substantial benefits to the beneficiaries.

Sponsored by Wilmington Trust FSB, Georgia and presented by Richard W. Nenno, Managing Director and Trust Counsel – Wilmington Trust Company.

EVERYTHING THE ESTATE PLANNER NEEDS TO KNOW ABOUT ROTH PLANS, INCLUDING CONVERSIONS, UNCONVERSIONS, AND WHO SHOULD OR SHOULDN´T – What´s not to love about a Roth? Everyone wants a retirement account with no required minimum distributions, tax-free accumulations, and tax-free withdrawals. What strategies can help clients pay, reduce or eliminate the upfront price tag? And how do Roth plans fit into the estate plan? Learn the pros, cons and pitfalls of Roth IRAs and 401(k)s, just in time for year-end planning.

Natalie B. Choate, Nutter McClennan & Fish LLP, Boston, MA

CHARITABLE GIFTS OF BUSINESS INTERESTS – Families can do well for themselves and do good for others by making strategic and judicious gifts of business interests to charity – but only if they know the rules. From the classic strategy of gifting C corporation stock followed by a redemption, to gifts of interests in partnerships and LLCs and of S corporation stock, to gifts made directly by family-owned business entities, this presentation will provide you with the tools you need to select the best kind of charity and the right gift vehicle to assure that your clients´ charitable dollars pack the greatest punch.

Turney P. Berry, Wyatt, Tarrant & Combs, LLP, Louisville, KY

Break sponsored by TRUSTS & ESTATES MAGAZINE

GRANTOR TRUSTS FOR A NEW DECADE – No matter what shape the estate tax may take, grantor trusts will remain an important tool in estate planning as we move through 2010 and beyond. This presentation offers a comprehensive update of developments relating to grantor trusts, including sophisticated planning and reporting issues.

Stephen R. Akers, Bessemer Trust, Dallas, TX

HELP! HOW TO PLAN FOR FINANCING HIGHER EDUCATION COSTS – College education of your clients´ children and grandchildren is one of the family´s most important and expensive undertakings. Familiar techniques for financing educational costs include § 529 plans, § 2503(c) trusts, Crummey trusts, and custodial accounts. This presentation will update you on the relative benefits and risks of the available options, review how to maintain flexibility to meet unexpected needs, and provide you with creative ideas to assist your clients with this critical planning.

Susan T. Bart, Sidley Austin LLP, Chicago, IL

Cocktail Party sponsored by MANAGEMENT PLANNING, INC.

Breakfast Sponsored by Lattimore Black Morgan & Cain, PC

FAMILY INVESTMENT PARTNERSHIPS: BEYOND THE VALUATION DISCOUNT – The most publicized tax benefit of a family partnership or limited liability company owning investment assets is the potential for a valuation discount. This unique presentation will train your eyes beyond the discount, focusing on various other tax and non-tax issues relating to such entities, including their non-tax benefits and purposes, design tips that may avert unanticipated operational problems, and securities law concerns.

Paul S. Lee, National Managing Director, Bernstein Global Wealth Management, New York, NY

THE PRACTICAL ISSUES AND ESOTERICA OF FORM 1041 PREPARATION AND PRESENTATION – While software and automation may make Form 1041 preparation faster and easier, is it really helping you spot all of the issues? This session will focus on essential fiduciary income tax issues that might otherwise slip through the cracks in preparing income tax returns for trusts and estates. Topics will include treatment of the separate share rules; allocating depreciation; spotting and reporting passive activities; treatment of investments in flow-through and ignored entities; alternative minimum taxable income; DNI rules and sneaky exceptions; subtle gain recognition events; the obvious and not-so-obvious application of the grantor trust rules; and other critical overlooked areas.

Mickey R. Davis, Bracewell & Giuliani LLP, Houston, TX

Break

INTERNATIONAL ESTATE PLANNING BASICS – In our multinational world, the estate planner must have basic knowledge of the special tax and non-tax rules that affect clients with international connections. This program will help identify the major estate planning issues facing the U.S. client with foreign connections and the foreign client with U.S. connections, including regulatory and statutory developments. Recent FATF developments that may impact tax practitioners will also be addressed.

M. Read Moore, McDermott Will & Emery, LLP, Chicago, IL

HAVE YOU CHECKED THE RIGHT BOX? – Anticipated increased income tax rates and transfer tax changes require a fresh look at selecting the appropriate entity for investment or business assets. There are many income and transfer tax issues that the estate planner should consider in forming a new entity or evaluating whether an existing entity is the most effective business form. This presentation will equip you with the tools necessary to lead your clients through the entity design (or redesign) process with close attention given to the tax consequences in the entity selected.

Richard L. Dees, McDermott Will & Emery, LLP, Chicago, IL

Mid-day Program: Insurance Planning Post-Meltdown: What´s In, What´s Out, What´s Uncertain – This program will address the current cutting edge techniques and related tax issues that every tax professional should know in the maintaining, selling, exchanging, and purchasing of life insurance policies. Sponsored and presented by BARRY, EVANS, JOSEPHS, & SNIPES and MOORE & VAN ALLEN PLLC

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

Adjourn