Estate Planning THE AMERICAN LAW INSTITUTE

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1 Estate Planning THE AMERICAN LAW INSTITUTE Continuing Legal Education Planning for Medium-Sized Estates: Practical Strategies for Estate, Gift, and Tax Planning Wednesday-Friday March 19-21, 2014 Philadelphia, PA (ALI Conference Center) Estates of $10 million and under are getting a second look. Enduring tax exemptions, portability, and law changes for same-sex couples require sophisticated planning to avoid negative consequences and maximize opportunities for these estates. and Live Video Webcast Register online: 21 CLE credit hours, including 1 hour of ethics 25 CPE Credits in Taxation Presenters were exceptionally knowledgeable of their subjects. Well prepared and well delivered. One of the best CLE programs I ve taken. previous registrant While relevant to all estate planning issues, this course pays particular attention to estate planning for medium-sized estates, and provides you with: a full and thorough view of the estate planning issues you will likely face in your practice an opportunity to apply the concepts covered during the course at a small group discussion of a real life case study discussions with fellow practitioners and faculty members and the opportunity to ask questions about how to handle confounding planning situations an intensive learning experience that helps to prepare you to propose tax and non-tax solutions to a client

2 Planning Chair (also on faculty) Mary Ann Mancini Loeb & Loeb LLP, Washington, D.C Faculty Farhad Aghdami Williams Mullen, Richmond, Virginia Gayle Evans Chinnery Evans & Nail, P.C., Lee s Summit, Missouri Wendy Goffe Stoel Rives LLP, Seattle Diane Hubbard Kennedy Indianapolis Stanley L. Ruby Schwartz Manes Ruby & Slovin, L.P.A., Cincinnati A. Christopher Sega Venable LLP, Washington, D.C. Barbara A. Sloan McLaughlin & Stern, LLP, New York ALI CLE Program Attorney: Jaimee Taibi (jtaibi@ali-cle.org) Visit Philadelphia! Attend this program in person and spend some time exploring all that the city has to offer. Gastronaut? Philly food isn t just about cheesesteaks anymore (although our cheesesteaks are still abundant, if that s what you re craving). Art critic? Choose amongst the recently reopened Rodin and Barnes museums, or the many special exhibits at the Philadelphia Museum of Art (and be sure to make an iconic run up the East Entrance steps a la Rocky Balboa). History buff? Take a step back through time at Independence Hall, the Liberty Bell, Carpenters Hall, Christ Church, and the other sites in Philadelphia s historic district. Basketball fan? On March 19, see the 76ers take on the Chicago Bulls, or the San Antonio Spurs are in town the evening of March 21. Go to html for ticket information.

3 Program All times Eastern Wednesday, March 19, :00 a.m. Registration and Continental Breakfast 7:55 a.m. Welcome and Administrative Remarks ALI CLE Staff VIDEO WEBCAST SEGMENT A $299 8:00 a.m. Introduction and Welcoming Remarks: Planning Chair Ms. Mancini 8:15 a.m. Overview of the Estate, Gift, and GST Tax System in 2014 Mr. Ruby The basic principles of, and concepts underlying, federal transfer taxes. 9:15 a.m. Property Interests, Joint Property, and Powers of Appointment Mr. Sega This session serves as an introduction to the basic estate and gift tax issues implicated by the form in which property is held, and also covers the practical use of powers of appointment in gift and estate planning. 10:15 a.m. Networking and 10:30 a.m. Community Property Interests M s.g o ff e This session will address differences in community and separate property analysis. Estate, gift, and income tax return preparation in light of community property and separate property will also be discussed. 11:00 a.m. Valuation of Assets Mr. Aghdami The most frequently litigated area in wealth transfer taxation is valuation. In this session, you will develop a deeper understanding of valuation principles, the factors that give rise to valuation discounts and premiums, the types of discounts and premiums, and how to carefully navigate a valuation minefield. 12:00 noon Networking Lunch (provided) VIDEO WEBCAST SEGMENT B $299 1:00 p.m. Inter Vivos Transfers Mr. Ruby The determination of what constitutes a gift for federal transfer tax purposes, and planning to minimize the taxable amount on lifetime transfers will be discussed. 2:45 p.m. Networking and 3:00 p.m. Retained Interests Ms. Sloan 4:30 p.m. Adjournment for the Day; Evening Networking Event (to be announced) Thursday, March 20, :30 a.m. Registration and Continental Breakfast ALI CLE Curriculum Estate Planning ALI CLE continues to be the premier source of relevant continuing legal education for estate planners of all experience levels. Ranging from hot topics to basic overviews, our top-notch courses cover a wide range of topics, including family business deals, buy-sell agreements, estate planning for second marriages, asset protection trusts and agreements, and practical tax guidance. These programs, taught by preeminent estate planning experts, provide helpful instruction to estate and trust administration attorneys and professionals, risk managers, investment officers, and financial planners.

4 VIDEO WEBCAST SEGMENT C $299 8:00 a.m. Planning for the GST Tax Mr. Aghdami Clients and practitioners rarely focus on the other wealth transfer tax the generation skipping transfer tax. This lively session will focus on understanding and planning for the GST tax and will include a discussion of the generation assignment rules, the events that give rise to the GST tax, and techniques to mitigate the adverse results associated with the GST tax. 9:00 a.m. Marital Deduction Planning and Portability Mss. Kennedy and Sloan Learn what interests qualify for the marital deduction. 10:30 a.m. Networking and 10:45 a.m. Marital Deduction Post-DOMA M s.g o ff e This presentation will explain the Windsor case and the Supreme Court s decision as well as subsequent litigation, provide an analysis of many of the state and federal law changes as a result of the opinion, and discuss unanswered questions raised by the opinion. The session will describe several key estate and federal tax-planning opportunities now available to same-sex married couples. 11:45 a.m. Planning with Disclaimers and Other Post-Mortem Opportunities Mr. Aghdami Once a client dies, it is time to begin administering the estate. This session will focus on the income and wealth transfer tax issues, as well as opportunities and election that are available during the period of estate administration, including a discussion of disclaimers and how to use them. 12:30 p.m. Lunch Break (on your own) VIDEO WEBCAST SEGMENT D $299 2:00 p.m. Non-Tax Planning Mss. Evans, Kennedy, and Mancini and Mr. Ruby Understand how family dynamics affect estate planning and what advance directives can do to satisfy client concerns. 3:30 p.m. Networking and 3:45 p.m. Non-Tax Planning (cont d.) Mss. Evans, Kennedy, and Mancini and Mr. Ruby 5:00 p.m. Adjournment for the Day Friday, March 21, :30 a.m. Registration and Continental Breakfast VIDEO WEBCAST SEGMENT E $299 8:00 a.m. Planning with Retirement Assets Ms. Evans Recognizing the ever-expanding role of IRAs and qualified retirement plan benefits in clients wealth, this session will consider issues clients and advisors face in planning with these assets, including naming a beneficiary, navigating the minimum distribution rules, choosing a regular or Roth IRA, and dealing with retirement assets in divorce. 9:30 a.m. Networking and 9:45 a.m. Planning with Life Insurance Ms. Mancini 11:15 a.m. Planning for Charitable Intent Ms. Evans This session discusses the basic rules of charitable giving, examines a number of charitable vehicles, and shares practical suggestions to help clients achieve their charitable planning objectives. 12:30 p.m. Lunch Break (on your own)

5 VIDEO WEBCAST SEGMENT F $299 2:00 p.m. Case Study Small Group Sessions Led by Faculty Members [Note: Webcast viewers will be shown a prerecorded discussion of the case study.] 4:00 p.m. Networking and 4:15 p.m. Ethical Issues in Estate Planning Faculty Panel In this practical session, the panel will discuss the various conflict scenarios that commonly arise in estate planning and provide guidance, supported by the applicable ethical rules, for dealing with such situations. 5:15 p.m. Adjournment Total 60-minute hours of instruction: 21, including one hour of ethics 25 CPE Credits in Taxation (live group and group internet-based programs) On location: Maximize your CLE experience. Learn from the best and network with other serious practitioners. Register one person from your firm for this course and get all subsequent registrations at 50% off. UP TO 50% OFF from ALI CLE superb instruction and practical advice available in multiple formats providing numerous ways to further your knowledge while satisfying your CLE requirements Webcast: Can t attend on location? Register for the live webcast and participate by asking questions online, in real time, and get our famous course materials via searchable PDF. Interrupt the program at any time and catch up later with the free online archive. Get all the information you need, and satisfy your CLE needs, without leaving your office. $999 Group Webcast: Schedule a convenient group viewing of this course for two or more people and save on tuition. Provide your firm or department with access to the finest legal talent and train more people at a lower cost without the additional expense or time constraints of travel. UP TO 30% OFF On-demand CLE: Online audio and searchable (PDF) course materials are available 24/7 for every course and course segment. Free To Registrants DVD / CD-ROM / Audio MP3 Listen to ALI CLE s renowned courses in your car, home, or office on your computer, DVD player, or MP3 player at your own pace. $799 / 599 Print + Digital Course Materials ALI CLE s acclaimed course materials are available in print or electronically and can be purchased before or after the course. $149

6 HOW TO REGISTER online phone CLE NEWS fax mail return the form on the back panel of this brochure to: REGISTRAR, ALI CLE, 4025 Chestnut Street, Philadelphia, PA GET MANDATORY CLE CREDIT Virtually all ALI CLE programs receive CLE credit in AK, AL, AR, AZ, CA, CO, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, ME, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, and WV. Upon request, ALI CLE will apply for CLE credit in ID, OR, and WY. This course is expected to qualify for 21 credits, including one ethics credit, in 60-minute MCLE jurisdictions; and for 25.2 credits, including 1.2 ethics credits, in 50-minute MCLE jurisdictions. In NY, this course is appropriate for both newly admitted and experienced attorneys. For specific information on CLE, CPE, or other professional accreditation in your state, please the MCLE Team at go to or call CLE-NEWS. NASBA ALI CLE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: org. For more information regarding ALI CLE s administrative policies, such as complaint and refund, please call Customer Service at (800) CLE-NEWS. CPE credit hours for this course: 25 in Taxation (grouplive and group-internet-based program). Learning Objectives: Development of initial level of competency as a practitioners; acquisition of knowledge and skills to develop proficiency as a practitioner. Suggested Prerequisite: Limited experience in general practice or completion of CLE/CPE Orientation Course. Level of Instruction: Basic. CONFERENCE SITE The ALI Conference Center is located at 4025 Chestnut Street in Philadelphia s University City neighborhood. Just west of downtown Philadelphia, the area is a hotbed of education, science, medicine, and research, and is home to students, artists, and families coexisting amid world-class universities, dining, nightlife, and cultural offerings. Go to for more information on University City. If traveling by car, there is plenty of metered parking right outside the building as well as a garage about a block away at the corner of 40th and Walnut Streets, above the Fresh Grocer. If traveling by train/ subway (SEPTA), take the Market-Frankford line to the 40th Street stop, walk south to Chestnut Street, and turn right. The Conference Center is about 10 blocks from Amtrak s 30th Street Station. Complimentary WiFi is available in the conference center. HOTEL ACCOMMODATIONS A limited block of rooms has been reserved for registrants at the Homewood Suites by Hilton - University City. Room rate: $139 per night, single or double occupancy, for a one bedroom Run of the House suite. The rate includes complimentary high speed internet, a full American breakfast, and dinner and beverages (Mon.-Thurs. only). These rooms will be held as a block, unless exhausted, until February 21, 2014, at which time they will be released to the general public. Registrants must make their own hotel reservations and indicate that they are attending the ALI CLE course to qualify for rooms in the block. Room reservations may be made by calling the Homewood Suites University City, 4109 Walnut Street, Philadelphia, PA 19104; phone Confirmations will be sent by the hotel. Please read the cancellation policy carefully. Go to for more info about: registration/cancellation/requirements for persons with disabilities/scholarships AND DON T MISS... Planning Techniques for Large Estates April 23-25, 2014 Scottsdale, AZ or Video Webcast SOCIAL NETWORKING Start interacting with other course registrants and faculty through these social networking tools. Post topics you would like to see covered during the course, discuss hot topics, and make lunch and dinner plans with other on-site attendees. Facebook: Twitter: #MedEP

7 Planning for Medium-Sized Estates: Practical Strategies for Estate, Gift, and Tax Planning Register online: The practice of estate planning has been rocked by the events of Transfer tax rates are at an all-time low. GST tax exemptions are at an all-time high. Samesex couples now have more planning flexibility than ever before. Couples also have portability. Blink, and you ll miss the next big change in estate planning! It is essential that you stay current in this ever-evolving area to properly advise your clients. Mediumsized estates, in particular, require a refreshed look so that clients can avoid negative tax consequences, as well as take advantage of some new, potentially fruitful opportunities. This interactive course is designed to address both tax and non-tax related client concerns, and will provide the solutions for these important client issues. Our expert faculty will discuss everything you need to know about planning for medium-sized estates, including: how Windsor and Perry affect planning for same-sex couples what s different and what stays the same? portability becoming permanent generation-skipping transfer (GST) tax exemptions today probate avoidance provisions for illness, unique death scenarios, and surviving spouses or partners protecting the family from creditors (including ex-spouses) balancing charitable goals with family needs

8 American Law Institute Continuing Legal Education 4025 Chestnut Street, Philadelphia, PA NONPROFIT ORG U.S. Postage PAID ALI CLE KEY CODE CV033LM Name Title Firm Address City State Zip printed on FSC certified paper Online Phone CLE NEWS FAX Mail Registrar, ALI CLE, 4025 Chestnut Street, Philadelphia, PA Planning for Medium Sized Estates: Practical Strategies for Estate, Gift, and Tax Planning Philadelphia, PA, March 19-21, 2014 $1,299 Please enter registration(s): $1,299 CV033 Please provide my course materials as a (choose only one): USB drive Printed course book Please consider "going green" and order your study materials on USB drive. We recommend that you bring a laptop for viewing at the program. Video Webcast $999 / $299 Full program. Tuition: $999 WAV033 Webcast Segment A: $299 WAV033A Webcast Segment B: $299 WAV033B Webcast Segment C: $299 WAV033C Webcast Segment D: $299 WAV033D Webcast Segment E: $299 WAV033E Webcast Segment F: $299 WAV033F Can t attend? You don t have to miss anything! Order the: DVD (video), including a complimentary MP3 CD-ROM and PDFs of the course materials $799 AV033V Audio MP3 CD-ROM (including PDFs of the course materials) $599 AV033 Printed course materials only $149 SV033 $ Total Check enclosed (payable to ALI CLE) Please charge to my credit card: AMEX DISCOVER MasterCard VISA Card no.: Card expiration date: / SIGNATURE ADDRESS (REQUIRED FOR WEBCASTS AND ONLINE SUBSCRIPTIONS) CV033