Plan your next move Estate Planning Conference

Transcription

1 2007 Estate Planning Conference July 19-21, 2007 The Southern Pine at Callaway Gardens Presented by the GSCPA Estate and Financial Planning Section 17 hours CPE CLU, CLE and CFP applied for Plan your next move pea K te S eyno sor pon ker S Gold Sponsors CALDWELL & WATSON, LLP A T T O R N E Y S A T L AW

2 2007 Estate Planning Conference presented by the GSCPA Estate and Financial Planning Section Since 1998, this annual conference, designed for estate and financial planning professionals, has provided a forum for the discussion of important estate planning issues and solutions. This is your opportunity to strengthen your knowledge of estate planning techniques and to apply them to a multitude of diverse and complex problems. Callaway Gardens is a peaceful retreat and the Southern Pine is a state of the art conference center that provides the perfect learning environment. The wide variety of activities offers something for everyone. Roam the gardens, relax on the beach, bike the many pathways, or play golf Callaway has it all. This year s conference qualifies for 17 hours of CPE credit, as well as CLE, CLU, and CFP credit. as of May 10, 2007 Keynote Speaker Sponsor Wilmington Trust Gold Sponsor Caldwell & Watson Diversified Trust Peachtree Hills Place Silver Sponsor Financial Planning Association of Georgia Breakfast Sponsor Mellon Private Wealth Management Exhibitors 1st Global, Inc. Adams Capital, Inc. Caldwell & Watson Diversified Trust CCH Tax and Accounting Peachtree Hills Place

3 Keynote Speaker - S. Stacy Eastland Managing Director Goldman, Sachs & Co. (Houston) Stacy joined Goldman, Sachs & Co. to expand the advisory team working with the firm s private wealth clients. He currently works with private clients and their own advisors with their strategic wealth management plans, combining a variety of income tax, estate planning and gifting techniques. Prior to joining Goldman Sachs in October 2000, Stacy was a senior partner with Baker Botts, L.L.P. in Houston, Texas. Stacy received his B.S. (with Honors) from Washington and Lee and his J.D. from The University of Texas (with Honors). Stacy is listed in Who s Who in America and The Best Lawyers in America (Woodard, White). Stacy has also been listed in Town & Country and in Bloomberg Personal Finance as one of the top trust and estate lawyers in the U.S. Selected as one of ten initial recipients of the Distinguished Accredited Estate Planner award of the National Association of Estate Planners and Councils (2004). Articles about Stacy s planning ideas have also been featured in Forbes and Fortune magazines. Stacy is a prominent lecturer throughout the country. What is the Estate and Financial Planning Section? The Estate and Financial Planning Section was the Society s first section, beginning in It is dedicated to improving the skills and broadening the expertise of accountants who practice in estate and financial planning. This Section provides opportunities for networking, learning, and interaction, including the Annual Estate Planning Conference. In addition, members have access to a web site with news and content, a section directory, links to online tools and resources, and opportunities to communicate electronically. Finally, the Section actively monitors new developments in this practice area and works to ensure members are aware of any changes. Join this Section on the registration form or online at gscpa.org. For more information about sections contact Shannon Cannon, Sections Coordinator, at or scannon@gscpa.org.

4 07 Estate Planning Conference - Sessions Thursday, July 19, :30 8:30 a.m. Continental Breakfast/Registration Sponsored by Mellon Private Wealth Management 8:30 8:35 a.m. Welcome 8:35 10:15 a.m. Useful Wealth Transfer Tax Quirks Jeffrey Pennell, Emory University School of Law, Atlanta, Ga. Beneath their superficial simplicity, many wealth transfer tax provisions present quirky refinements that challenge our understanding of the actual operation of these complex and poorly-integrated rules. This session illuminates opportunities to exploit these quirks. 10:15 10:30 a.m. Break/Exhibits 10:30 11:45 a.m. New Opportunities, Strategies and Defenses for the Family Limited Partnership Technique Stacy Eastland, Goldman, Sachs & Co., Houston, Texas The discussion will include the following: the synergy of using partnerships with charitable planning; the synergy of freeze planning with partnerships; the synergy of life insurance planning with partnerships; the synergy of postmortem planning with partnerships; some of the author s favorite partnership fix it strategies; and selected fundamentals in avoiding income tax problems for owners of partnerships. 11:45 a.m. 1 p.m. Lunch Avoiding or Engaging in Fiduciary and Probate Litigation Floyd Propst, Caldwell & Watson, LLP, Atlanta, Ga. An estate plan is only valuable to the extent it is implemented. Will caveats, ownership of assets and fiduciary misconduct are among the issues that will be covered.

5 07 Estate Planning Conference - Sessions 1:10 2:25 p.m. Financial Engineering Meets Estate Planning Stacy Eastland, Goldman, Sachs & Co., Houston, Texas This discussion will explore the ins and outs of modern financial engineering, including the use of derivatives in hedging and modernization of a client s highly appreciated, marketable assets. The use of derivatives during estate administration and the use of interfamily derivatives to shift wealth from one generation to the next will also be covered. 3 p.m. Annual Golf Tournament On your own Thursday Golf Tournament at Callaway Gardens Green fees are not included in registration fees. Foursomes will be grouped based on handicap scores. If you are interested in playing in this year s tournament, please register on the conference registration form and indicate your handicap.

6 07 Estate Planning Conference - Sessions Friday, July 20, :30 8 a.m. Continental Breakfast/Registration Sponsored by Mellon Private Wealth Management 8 9:40 a.m. Current Events Panel Moderator, Mike Hoffman, Hoffman and Associates, Atlanta, Ga. Tony Turner, Cohen Pollock Merlin & Small PC, Atlanta, Ga. Chuck Hodges, Chamberlain, Hrdlicka, White, Williams & Martin, Atlanta, Ga. Jim Underwood, Tarpley & Underwood, PC, Atlanta, Ga. Topics will cover recent developments affecting estate planning including a review of laws, regulations, rulings, cases and techniques which are or soon to be in the limelight. The panel brings a wealth of experience to these topics from a full compliment of backgrounds, including law, accounting, and financial planning. Come ready to learn and participate. 9:40 10 a.m. Break/Exhibits 10 10:50 a.m. Recent Developments in Deferred Compensation, Split Dollar and Corporate Owned Life Insurance Tony Turner, Cohen Pollock Merlin & Small PC, Atlanta, Ga. There has been significant new regulation of nonqualified deferred compensation, split dollar life insurance and corporate owned life insurance. The income tax penalties for failure to comply with these regulations are severe and there are certain year-end 2007 deadlines. This session will provide an overview of these regulations and penalties as well as real-world examples of how they might apply to your clients.

7 07 Estate Planning Conference - Sessions 10:55 a.m. 12:10 p.m. Tax Planning Meets Tax Controversies: How to Plan an Estate in Light of the Current IRS Environment Chuck Hodges, Chamberlain, Hrdlicka, White, Williams & Martin, Atlanta, Ga. 12:10 1 p.m. Lunch / Golf Awards 1 2:40 p.m. De-mystify the Legalese of Trusts! Rebecca Godbey, Bird & Godbey LLP, Atlanta, Ga. The pages and pages of boilerplate provisions that lawyers commonly include in trusts may seem like good bedtime reading for insomniacs, but the hereinbefore described provisions may actually have tremendous impact on your clients and their families. Rebecca Godbey will give, devise and bequeath an explanation to you in fee simple of the provisions that likely have you and your clients wondering if their lawyer charges by the word. Estate Planning Conference Task Force Jennifer Jones, SunTrust, Atlanta, Ga., Chair Samuel Anderson, Samuel G Anderson, CPA, Smyrna, Ga. Herbert Barnes, Tarpley & Underwood, PC, Atlanta, Ga. Carmen Burroughs, Aarons Grant & Habif, LLC, Atlanta, Ga. William Johnson, Babush, Neiman, Kornman & Johnson LLP, Atlanta, Ga. Nancy Ross, Aarons Grant & Habif, LLC, Atlanta, Ga. Kenneth Weatherwax, Weatherwax & Associates, CPAs, Norcross, Ga. Deanna Woodham, Deanna F. Woodham, CPA, Atlanta, Ga.

8 07 Estate Planning Conference - Sessions Saturday, July 21, :30 8 a.m. Continental Breakfast/Registration Sponsored by Mellon Private Wealth Management 8 8:50 a.m. Investments: Market Update and What s Hot Sandra Morelli, Bernstein Global Wealth Management, Atlanta, Ga. The past several years have seen extremely calm investing markets, driven by rapid global economic growth, robust and widespread corporate profitability, and broad stock market gains. While the consensus outlook for 2007 is for continued global economic expansion, most market watchers expect economic growth to be somewhat slower and corporate profit growth to be less vibrant and widespread. When the market exhibits even brief periods of turbulence, investors, who generally have become complacent about risk, may feel anxious. We will address some of today s economic and market-related issues and discuss the importance of building a diversified portfolio of assets designed to allow investors to participate in the markets gains while minimizing risk.

9 07 Estate Planning Conference - Sessions 8:55 10:10 a.m. Life Insurance & Annuities Help us help our clients decide what is best for them Michael Brink, Nease, Lagana, Eden & Culley, Atlanta, Ga. Life Insurance may be the most owned, least understood of all financial tools. Often absent in the selection of insurance advisors or products is the depth of due diligence and analysis found for investments or other wealth enhancement or preservation strategies. It is this lack of quantitative analysis that has led to confusion, disappointing performance and numerous myths and misconceptions regarding insurance. This presentation, developed in conjunction with the country s leading advisory firm to family offices, examines the numerous uses of life insurance, from basic to complex; changes that have occurred in the industry rendering past truths no longer valid; little known issues that can negatively impact a policy s performance; problems and issues of larger insurance acquisitions; and insight into the right questions to ask when providing guidance in the insurance making process. 10:10 10:25 a.m. Break/ Exhibits 10:25 a.m. 12:10 p.m. Estate and Tax Planning from Confusion Reins! Jeff Scroggin, Scroggin & Company, PC, Roswell, Ga. When EGTRRA was passed in 2001, most advisors expected that permanent estate tax reform would have been adopted by now. If the pre-egtrra rules are automatically reinstated in 2011, there will be a sharp increase in both the number of taxpayers subject to an estate tax and the amount of the estate taxes paid. Unfortunately, no one really knows what Washington will do over the next 42 months. Jeff Scroggin has written and spoken extensively on this subject and will provide practical advice on how advisors and their clients should plan their estates during this time of tax uncertainty - including the need (by the end of 2007) of many estates to plan for a return to the pre-egtrra rules.

10 The Lodge and Spa at Callaway Gardens Golf Spa Swimming Fishing Cycling Butterfly Center Choose from 3 different accomodations at Callaway Gardens. The Southern Pine Cottages, The Mountain Creek Inn, and the new Lodge and Spa. Hotel Information (Cut-off date June 18, 2007) To make reservations call or Mention you are with the GSCPA in order to receive the discounted rate. Mountain Creek Inn Standard Room $105 The Lodge & Spa Guest Room $219 The Cottages Lock off Bedroom $149 The Cottages Two Bedroom Cottage $330 Items to Note Internet registration available at Fax a completed registration form with credit card information to Call the GSCPA Customer Service at or , Opt. 3 to place a credit card order. Mail your completed registration form with credit card information or a check made payable to the Georgia Society of CPAs to GSCPA, Atlanta Financial Center, North Tower, Suite 400, 3353 Peachtree Road, Atlanta, GA If you have special needs under the Americans With Disabilities Act, please attach a written description or call , Opt. 3, or , Opt. 3. Special Request: If you have a specific dietary or other need, please contact the CPE Department at least one week prior to the conference at , Opt. 3 or , Opt. 3. Cancellation Policy: Cancellations/Transfers made up to 3 business days before a conference are subject to a $20 administration fee; Cancellations/Transfers made within 3 business days are subject to a $50 administration fee; No refunds or transfers of course fee will be made after the date of the course; No-shows forfeit entire registration fee. Early Registration Fee: Applicable when registration is received by the GSCPA prior to the early registration date.

11 1 Personal Information Registration confirmation: Mail OR Check here if your registration includes a change of address. Name MI Last Member # Company/Firm Name Address City State Zip Phone Fax 2 Pricing Information Member Early Registration Fee by June 28, 2007: Applicable when registration is received by the GSCPA prior to the cut-off date. #13000 $389 Member Standard Registration Fee after June 28, 2007: #13000 $419 Check here if you are a current section member. Current members of the Estate and Financial Planning Section receive $20 off the early registration fee if received before the early registration deadline. Non-Member Early Registration Fee by June : Applicable when registration is received by the GSCPA prior to the cut-off date. #13000 $439 Non-Member Standard Registration Fee after June 28, 2007: #13000 $469 Check here if you are a GSCPA member in good standing and would like to become a member of the Estate and Financial Planning Section to receive the $20 off the early registration fee (section membership is free.) 3 Payment Information - Full payment must accompany registration form Use Money on Account Amount: $ Check for $ made payable to GSCPA. Amount to charge credit card $ Discover MC AMEX VISA Personal Card OR Company Card Card Number Exp Date (required) Name as it appears on card Signature 4 Thursday, July 19 - Golf Tournament Registration Yes, I would like to participate in the golf tournament (Not included in registration fee) Handicap: Code: GIFT

12 Atlanta Financial Center North Tower, Suite Peachtree Road Atlanta, Ga Pre-Sorted Standard U.S. Postage PAID Atlanta, Ga. Permit No. 6495