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DAY 1
THURSDAY MORNING, SEPTEMBER 25, 2008
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| 07:30-08:30 |
Breakfast
sponsored by MOORE & VAN ALLEN PLLC |
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| 07:30-08:15 |
Special
Early Morning Presentation: LEGISLATIVE DEVELOPMENTS,
PLEASE! -- The estate and gift tax laws are unstable
in their current form and changes seem inevitable. Estate
planners are anxious for rules of some kind, whatever
form they may take. The Panel will discuss the prospects
for legislation, the likely shape of such legislation
and suggestions for advising clients in the meantime.
Panel: Stephen R.S. Akers, Bessemer Trust,
Dallas, TX
Diana
S.C. Zeydel, Greenberg Traurig, P.A., Miami,
FL
Dennis
I. Belcher (moderator), McGuireWoods LLP, Richmond,
VA
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| 08:15-09:45 |
EFFECTIVELY
USING DEFECTIVE TRUSTS: PUTTING GRANTOR TRUSTS TO WORK
-- Proper drafting and administration of grantor trusts
is essential to achieving your clients’ goals. How
to achieve grantor trust status, the pro’s and con’s
of toggling on and off, how to avoid estate tax traps
and more will be covered in this high-powered presentation
on an indispensable estate planning tool.
Diana S.C. Zeydel, Greenberg Traurig, P.A., Miami,
FL
Stephen R. Akers, Bessemer Trust, Dallas,
TX
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| 09:45-10:00 |
Break
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| 10:00-11:00 |
SHOW
ME THE MONEY: DISTRIBUTIONS FROM TRUSTS OR ESTATES –
Beneficiaries of trusts
and estates are typically interested in receiving their
respective shares sooner rather than later, and the
trustee or executor may feel pressure to make distributions
quickly. However unexpected results can occur under
complex income tax rules applicable to decedents, estates
and trusts if proper planning is not done before assets
are distributed; failure to carefully consider such
rules may lead to litigation and even personal fiduciary
liability. This presentation will guide you through
such rules and equip you with planning strategies to
assist your clients in their fiduciary roles.
Theodore B. Atlass, Atlass
Professional Corporation, Denver, CO |
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| 11:00-12:00 |
SECTION
6694 AND CIRCULAR 230 PRESENT YOUR NEW ESTATE PLANNING
CLIENT: THE IRS – Estate planners regularly
give routine tax advice and counsel that is reflected
on estate, gift and income tax returns that are filed
by their clients. Circular 230 and §6694 impose responsibilities
on practitioners who are providing tax advice.
Circular 230 and §6694 are not limited to the tax shelter
world and clearly apply to tax practitioners working in
the estate planning area. This presentation will examine
the requirements of Circular 230 and §6694 and discuss
the duties they impose on estate planners and the ways
they may change or affect traditional tax practice in
this area. (1 hour of ethics and professionalism)
Mickey R. Davis, Bracewell & Giuliani LLP,
Houston, TX
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| 12:15-01:05 |
Mid-day
Program on a topic to be announced.
Sponsored and presented by WILMINGTON TRUST FSB,
GEORGIA
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THURSDAY AFTERNOON, SEPTEMBER 25, 2008
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| 01:15-02:15 |
TAX
PLANNING FOR TAX EXEMPT ORGANIZATIONS –Private
foundations and public charities are engaging in an expanding
variety of business and charitable activities these days
and the tax rules with which they must comply have changed
and now impose increased duties on these organizations.
This presentation will review the tax rules that apply
to private foundations and public charities (including
supporting organizations) and offer practice suggestions
for practitioners who are creating and advising tax exempt
charitable organizations.
Turney P. Berry, Wyatt, Tarrant & Combs, LLP,
Louisville, KY |
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| 02:15-03:30 |
ESTATE
PLANNING DURING TURBULENT TIMES - When interest
rates drop (or rise) and when market volatility increases,
the estate planner must utilize the techniques best suited
for these times. The discussion will address financial
issues associated with traditional planning, such as sales
to defective grantor trusts, GRATs, CRTs and CLTs, as
well as other techniques that are less frequently used
except in these turbulent times.
David Pratt, Proskauer Rose LLP, Boca Raton,
FL |
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| 03:30-03:45 |
Break
sponsored by TRUSTS & ESTATES MAGAZINE |
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| 03:45-04:45 |
SOMETHING
FOR NOTHING? –Your mature high net worth client
has been (or is soon likely to be) presented with an opportunity
to use his or her insurability in ways that may benefit
third-party investors, insurance companies and their agents,
as well as the client, with the prospect of little or
no cost to the client. These new techniques being offered
include debt financed insurance (with no or little collateral
and no recourse, as well as with collateral and recourse),
stranger owned life insurance, and the use of secondary
markets. This presentation will discuss the tax and non-tax
issues associated with these new strategies.
John T. Adney, Davis & Harmon LLP, Washington,
DC |
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| 04:45-05:45 |
GOOD
KNIGHT TO §67(e) AND OTHER TOPICS IN INCOME TAXATION
OF TRUSTS– How to handle fees paid by
trusts and estates in light of the 2007 proposed regulations
under §67(e), the Knight decision, and
the IRS indication that “bundled fiduciary fees”
may have to be unbundled in the future. Other significant
subchapter J developments.
Ron Aucutt, McGuireWoods, McLean, VA
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| 05:45-07:15 |
Cocktail Party
sponsored by MANAGEMENT PLANNING, INC. |
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DAY
2
FRIDAY MORNING, SEPTEMBER 26, 2008
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| 07:00-08:00 |
Breakfast
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| 08:00-09:15 |
ESTATE AND GIFT TAX PLANNING FOR ANTICIPATED LIQUIDITY
EVENTS – The big day is on the horizon and your
client is headed toward a sale of the family business
or the major real estate holding. Guiding that client
through the menu of opportunities for tax effective transfer
of wealth that arise in conjunction with a liquidity event,
and steering clear of the minefields, poses an exciting
challenge for an estate planner. You will leave this presentation
armed with a deeper understanding of the relevant valuation,
income and transfer tax issues and a new array of techniques
to bring to the table.
George F. Albright, Jr., J.P. Morgan, Arlington,
VA |
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| 09:15-10:15 |
TAX APPORTIONMENT: BOILERPLATE CAN BROIL YOU –
Tax payment decisions -- apportioning the tax burden –
often are addressed by “boilerplate” provisions in wills
and trusts and rarely given the substantive, individuated
consideration that they require. Failure to tailor tax
apportionment has dispositive consequences that can materially
alter or even defeat an estate plan. This presentation
will identify a vast panoply of issues and suggest options
for resolving them. It will persuade you that a one-to-three
paragraph provision is completely inadequate to the task,
and provide an alternative for consideration in well-drafted
documents.
Jeffrey N. Pennell, Richard H. Clark Professor
of Law, Emory University School of Law, Atlanta, GA
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| 10:15-10:30 |
Break
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| 10:30-11:45 |
FAMILY LIMITED PARTNERSHIPS: HOW LONG WILL THIS
BE GOING ON? – The battle over the use of family
limited partnerships and family limited liability companies
has been going on for years now and the issues remain
unresolved. Still, estate planners routinely recommend
the use of these business structures to their clients
with the expectation that the desired tax and non tax
objectives will be achieved. Once again, a leading expert
will provide an update on the status of the developing
law in this area to help you properly advise your clients
about the effective use of these entities.
John W. Porter, Baker Botts L.L.P., Houston,
TX |
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| 12:00-12:50 |
Mid-day Program
on a topic to be announced. Sponsored
and presented by
BNY MELLON WEALTH
MANAGEMENT |
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FRIDAY
AFTERNOON, SEPTEMBER 26, 2008
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| 01:00-03:30 |
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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| 03:30 |
Adjourn |
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TOTAL
COURSE HOURS*
35.25 (60-minute hours)
42 (50-minute hours)
4 hours ethics
4 hours professionalism
2 hours ethics for North Carolina CPAs only
COURSE HOURS FOR MONDAY
- WEDNESDAY*
21.50 (60-minute hours)
25 (50-minute hours)
3 hours ethics
3 hours professionalism
2 hours ethics for North Carolina CPAs only
COURSE HOURS FOR WEDNESDAY - FRIDAY*
21 (60-minute hours)
25 (50-minute hours)
4 hours ethics
4 hours professionalism
2 hours ethics for North Carolina CPAs only (on Tuesday
evening)
COURSE HOURS FOR THURSDAY AND FRIDAY*
13.75 (60-minute hours)
16 (50-minute hours)
1 hour ethics
1 hour professionalism
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*Not
including Early Morning and Mid-day presentations |
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