Estate Planning Institute

Transcription

1 Satisfy Your CLE, CPE and CPD Requirements! Earn One Full Hour of Ethics Credit 45th Annual Estate Planning Institute Ready to meet the latest estate planning developments related to the state and federal transfer tax and income tax laws? Sophisticated Estate Planning Techniques Retirement Benefits Planning Post-Death Planning Prospects for Further Federal Transfer Tax Legislation New York Estate Tax and Income Tax Reform Excellent Lecturers Richard Leder, Chadbourne & Parke LLP The lecturer did an excellent job, it was entertaining and informative 2013 Attendee I completed the entire program via webcast and found the program outstanding 2013 Attendee, September 8-9, 2014 Philadelphia, Pittsburgh, Mechanicsburg and New Brunswick Groupcast Locations, September 8-9, 2014 Live Webcast, September 8-9, Register Today at or Call (800) 260-4PLI

2 45th Annual Estate Planning Institute Why You Should Attend if you handle estate planning, life insurance or transfer tax planning... be sure to add this program to your calendar! Significant developments regarding state transfer tax laws are occurring right now. However, notwithstanding the changes to the federal transfer tax system that were made by the American Taxpayer Relief Act of 2012, many valuable estate planning techniques are still viable under the current tax laws. Add to this the fact that President Obama s budget for the government s fiscal year ending September 30, 2015 contains additional major proposals for federal transfer tax and income tax changes... and in a word, it s complicated. The program will: Review the latest estate planning techniques, federal tax law changes, and state tax law developments Explain their potential impact on estate, trust and transfer tax and income tax planning Clarify how you can use this information to your clients maximum advantage, and Evaluate the effects of other recent developments regarding estate, trust and transfer tax and income tax planning. What You Will Learn Your clients rely on you for solid, reliable, accurate estate planning advice and you want to maintain that trust. So if you specialize in estate planning, life insurance and transfer tax planning, you ll want to attend this annual seminar for the latest legal, financial and tax intelligence on a wide range of estate issues, including: Fiduciary income taxation new Valuation from an appraiser s point of view: art, science, or both? new Planning for children, grandchildren and beyond: HEET and education new Estate planning for domestic partners, same-sex spouses and non-traditional families, especially in the aftermath of United States v. Windsor newly updated The latest developments in all areas of estate, trust and transfer tax planning Transfer tax planning for pre- and post-nuptial agreements Planning for post-death decisions Elder law planning for single individuals and married couples, including the impact of the Affordable Care Act ( Obamacare ) Sophisticated planning techniques and instruction on drafting estate planning documents to comply with and take advantage of current transfer tax laws Income and estate tax planning with retirement benefits, and Ethical concerns in charitable gift planning. Who Should Attend Attorneys and other professionals who specialize in estate planning and life insurance and transfer tax planning, including accountants, financial planners, trust officers and everyone whose practice requires a solid understanding of estate planning. Register Today at or Call (800) 260-4PLI

3 PROGRAM SCHEDULE Day One: 9:00 a.m. 5:00 p.m. Morning Session: 9:00 a.m. 12:30 p.m. 9:00 Recent Developments in Estate Planning and Federal Taxation Estate planning under the American Taxpayer Relief Act of 2012 Prospects for further federal transfer tax legislation State transfer taxation issues New proposed temporary portability rules IRS guidance regarding protective estate tax refund claims under Code Section 2053 New IRS final regulations regarding the 2% floor for miscellaneous itemized deductions for estates and nongrantor trusts Presidential budget proposals for Sanford J. Schlesinger 10:15 Sophisticated Planning Techniques Planning with the $5+ million applicable exclusion amount Obama administration s Fiscal Year 2015 proposals to limit GRATs (grantor retained annuity trusts), eliminate Sales to Defective Grantor Trusts, and simplify annual exclusion gifts Working with GRATs and Sales to Defective Grantor Trusts pros and cons CLATs (charitable lead annuity trusts) do they make sense? Planning with residences QPRTs (qualified personal residence trusts) and the practical: harmonizing family ownership of the vacation home? Intra-family loans Blanche Lark Christerson 11:15 Networking Break 11:30 Elder Law Planning Elder law planning for single individuals and married couples Where to obtain long-term care How to pay for long-term care Long-term care insurance, including tax considerations Use of trusts in elder law and special needs planning, including drafting issues Planning for incapacity and health care decision-making concerns Impact of the Affordable Care Act ( Obamacare ) on elder law and special needs planning Bernard A. Krooks 12:30 Lunch Afternoon Session: 1:45 p.m. 5:00 p.m. 1:45 Fiduciary Income Taxation When is a trust not a trust? Grantor vs. non-grantor trusts Types of trusts and their taxation: complex, simple and other Foreign vs. domestic trusts State taxation of trusts: nexus and impact Medicare surtax and trusts: material participation by trustee Jonathan J. Rikoon 2:45 Income and Estate Tax Planning with Retirement Benefits Income taxation of retirement benefits Net unrealized appreciation Rollovers (Sec. 408(d)(3)(B), Prop. Reg. Sec (b)(4)(ii), IRS Publication 590, Bobrow v. Comm r, and Ann ) Required minimum distribution update (PLR ) QTIPs for death benefits Charitable contributions (to be or not to be) Roth IRAs Stephen J. Krass 3:45 Networking Break 4:00 Ethical Concerns in Charitable Gift Planning Many disciplines are involved and knowing all rules is essential Spotting issues and complying with rules Not knowing your stuff is unethical not to mention malpractice Also learn important substantive rules Conrad Teitell 5:00 Adjourn

4 Please plan to arrive with enough time to register before the conference begins. A networking breakfast will be available upon your arrival. Day Two: 9:00 a.m. 4:45 p.m. Morning Session: 9:00 a.m. 12:15 p.m. 9:00 Valuation Art or Science From an Appraiser s Point of View Art, science, or both? Not mutually exclusive concepts and a good appraiser needs to be fluent in both The methods and mindset of the appraiser Are valuations replicable? The range of reasonability concept John D. Agogliati III, James L. Levy 10:00 Charitable Planning and Tax Strategies Choosing what to give planning with non-cash assets Choosing when to give it testamentary vs. lifetime giving Choosing the form of gift outright gifts to charities, use of private foundations or donor-advised funds, gifts in trust Jasmine M. Campirides Hanif 11:00 Networking Break 11:15 Planning for Post-Death Decisions Extension of time to pay estate tax under IRC 6161 Estate tax deferral under IRC 6166 Post-death decisions affecting portability Disclaimers a key tax and dispositive factor Planning gain or loss on distributions Marital deduction can be the subject of a host of elections or elective actions by the executor or trustees Impact of executor s actions on claims and liabilities Andrew S. Auchincloss 12:15 Lunch Afternoon Session: 1:30 p.m. 4:45 p.m. 1:30 Estate Planning for Domestic Partners, Same-Sex Spouses and Non-Traditional Families Recent developments affecting domestic partners, same-sex spouses and non-traditional families Estate planning for same-sex couples and their children Domestic partnership agreements and special issues regarding prenuptial agreements for same-sex spouses Issues arising from joint ownership arrangements and gifting Post-Windsor what has changed and what hasn t Erica Bell, Judith E. Turkel 2:30 Transfer Tax Planning for Pre-Marital and Post-Marital Agreements Tax risks of pre-marital transfers of property Possible tax benefits of waiver of spouse s elective share Agreement regarding gift-making during marriage Planning for portability of spouse s unused estate tax exclusion Planning for disposition of primary and secondary residences Tax issues relating to transfers to a non-citizen spouse John C. Novogrod 3:30 Networking Break 3:45 Planning for Children, Grandchildren and Beyond HEET and Education Advantages and disadvantages of 529 plans Taking advantage of the education and health care exclusions Prepaid tuition Long-term trusts for education: structuring and drafting a HEET Finally, which technique is best for your clients? William P. LaPiana 4:45 Adjourn Unlimited Annual Access Individual Privileged Members have the complete freedom to attend all of PLI s 400+ annual programs and Live Webcasts for one flat annual fee. For just $3,495 you can get the training you need. Contact membership@pli.edu for more information.

5 FACULTY Chair: Sanford J. Schlesinger Schlesinger Gannon & Lazetera LLP John D. Agogliati III Principal Berdon LLP Andrew S. Auchincloss Sidley Austin LLP Erica Bell Weiss, Buell & Bell Blanche Lark Christerson Managing Director Deutsche Asset & Wealth Management Jasmine M. Campirides Hanif Katten Muchin Rosenman LLP Stephen J. Krass Krass, Snow & Schmutter, P.C. Bernard A. Krooks Littman Krooks LLP William P. LaPiana Rita and Joseph Solomon Professor of Wills, Trusts, and Estates Director, Estate Planning, Graduate Tax Program New York Law School James L. Levy Chairman Appraisers and Planners Inc. John C. Novogrod Kramer Levin Naftalis & Frankel LLP Jonathan J. Rikoon Loeb & Loeb LLP Conrad Teitell Cummings & Lockwood LLC Stamford, Connecticut Judith E. Turkel Turkel Forman LLP Program Attorney: Meghan K. Carney LIVE WEBCAST Same Great Program From Your Location The session of this program is available live via the web at Print the Course Handbook, submit questions electronically and get real-time education right from your PC! If you have any questions, please call PLI s Customer Service Department at (800) 260-4PLI.

6 Blattmachr on Income Taxation of Estates and Trusts Sixteenth Edition F. Ladson Boyle and Jonathan G. Blattmachr Blattmachr on Income Taxation of Estates and Trusts, Sixteenth Edition offers today s most comprehensive treatment of how the I.R.C. taxes estates and trusts in light of recent legislative, regulatory, and judicial developments. Written by authorities with more than seventy years of combined experience in the field, the new sixteenth edition is an indispensable resource for estate and tax planners, accountants, and general practitioners involved in estate and tax planning. 1 looseleaf volume, 1,160 pages, $355, Order #50518, Updated annually or as needed PLI s Nationally Acclaimed Course Handbooks Now Available Online Our Course Handbooks represent the definitive thinking of the nation s finest legal minds, and are considered the standard reference in the field. The Handbook is prepared specifically for this program and stands alone as a permanent reference. The Course Handbook will be available online several days prior to the program! Log in to go to My Online Library and click on the Course Materials tab. You can review the material or prepare questions to raise at the program. You will have access to the Course Handbook for one year from the program date. All attendees at the live program and Groupcast locations will also receive a bound or flash drive copy. PLI On-Demand. The easiest way to complete your MCLE requirement. PLI is the largest producer of Online CLE content. Our Online Library contains more than 2,800 hours of On-Demand web programs, MP3s and MP4s. Almost all of our programs are recorded and archived within two weeks of delivery. Entire programs or individual web segments may then be viewed 24/7 via both streaming video and audio. Each On-Demand program features the video and/or audio of the program, along with downloadable Course Materials and an application for CLE credit. PLI anywhere, anytime you want it. Pro Bono Efforts Since 1933, PLI has been the comprehensive resource for the training and development needs of legal professionals. PLI is heavily involved in pro bono and research and development activities to ensure that all practicing attorneys and law students remain on the cutting edge. These activities include awarding full and partial scholarships to our Institutes and Programs, assisting public interest organizations in their training needs, and helping law students become first-rate attorneys by posting free lectures on our website. For more information, go online to PLI Scholarships Please check the Registration Information section of this brochure for more information about PLI scholarships. About Practising Law Institute (PLI) Practising Law Institute (PLI) is the most prestigious nonprofit continuing legal education organization dedicated to providing the legal community with the most up-to-date information available. Founded in 1933, PLI s continuing mission is to enhance the professionalism of attorneys and other qualified persons by providing the highest quality and most innovative programs. PLI also offers One-Hour Audio Briefings, Online CLE, Publications and other services to enable attorneys to practice law competently and ethically, and to fulfill pro bono responsibilities. PLI offers more than 400 programs annually in locations across the U.S. and in London, Hong Kong, and Latin America, as well as Live Webcasts, interactive multimedia, Course Handbooks and annually supplemented Treatises, and the Discover PLUS ebook library. In addition, PLI annually awards over 100,000 scholarships to our programs. Its more than 4,000 speakers include the most prominent lawyers, judges, investment bankers, corporate counsel, and U.S. and international regulators. Learn more about PLI at

7 Gain all-inclusive access to PLI s ebook library 24/7 access to nearly 4,000 segments of legal research in 23 practice areas Treatises Course Handbooks Answer Books Legal Forms Program Transcripts For more information, contact PLI Library Relations (877) discoverplus@pli.edu PLI s Unconditional Guarantee It s simple: if you are not completely satisfied with the return on your investment from any PLI program, we will refund your money in full. REGISTRATION/HOTEL INFORMATION AVAILABLE AT F O U R E A S Y W A Y S T O R E G I S T E R WEB: PHONE: (800) 260-4PLI Monday - Friday, 9 a.m. - 6 p.m., Eastern Time FAX: (800) Open 24 Hours! MAIL: Practising Law Institute 1177 Avenue of the Americas New York, NY Fax or mail completed Registration/Order Form on back cover Location/Hotel Information: Visit us on the Web at or call us at (800) 260-4PLI for information about seminar locations and hotel accommodations for this program. Payment Policy: Registration fees are due in advance. Attendees may pay by check, Visa, MasterCard, American Express or Diners Club. Cancellations: All cancellations received 3 business days prior to the program will be refunded 100%. If you do not cancel within the allotted time period, payment is due in full. You may substitute another individual to attend the program. CLE/CPD Credit: PLI programs offer CLE credit in all U.S. jurisdictions that have mandatory CLE requirements and some foreign jurisdictions with CPD requirements. Please check for credit details, eligibility and approval status for your particular jurisdiction(s). New York: In accordance with the requirements of the Continuing Legal Education Board, this non-transitional continuing legal education course has been approved for a maximum of 14.5 credit hours, of which 13.5 credit hours can be applied toward the Professional Practice requirement and 1 credit hour can be applied toward the Ethics requirement. California: This activity is approved for MCLE credit in the amount of hours, of which 1 hour will apply to legal ethics. CPE Credit: Recommended CPE Credit: 14.5 credit hours (7.5 Taxes, 6 Specialized Knowledge & Application and 1 Regulatory Ethics). Program Level: Overview. Practising Law Institute 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. For PLI s official National Registry Statement, please visit Special Needs: If you have special needs as addressed by the Americans with Disabilities Act, please notify Customer Service at least two weeks prior to your program. info@pli.edu Visit Us On The Web:

8 Practising Law Institute 1177 Avenue of the Americas New York, NY NON-PROFIT ORGANIZATION U.S. POSTAGE PAID PRACTISING LAW INSTITUTE Practising Law Institute R E G I S T R AT I O N / O R D E R F O R M When Registering, Please Refer to Priority Code: AHC4 Make necessary corrections on mailing address. 45th Annual Estate Planning Institute Please register me for the following session: Seminar,* September 8-9, 2014, PLI New York Center, $1, Philadelphia Groupcast Location,* September 8-9, 2014, Pennsylvania Bar Institute, $1, Pittsburgh Groupcast Location,* September 8-9, 2014, PBI Professional Development Conference Center, $1, Mechanicsburg Groupcast Location,* September 8-9, 2014, Pennsylvania Bar Institute, $1, New Brunswick Groupcast Location,* September 8-9, 2014, New Jersey Institute for Continuing Legal Education, $1,595 2 Live Webcast,* September 8-9, 2014, #50455, $1, Privileged Member Fee: $ Course Handbook only, $220 Register Today! Call (800) 260-4PLI *Includes Course Handbook, in either bound volume or flash drive format for program attendees, and in digital format for Webcast participants. All attendees will have access to a downloadable version of the Handbook several days prior to the program. FREE Shipping and Handling in the United States, U.S. Possessions and Canada on all prepaid Publication purchases. CA, FL, IL, MA, MD, NJ, NY, OH, PA, RI, TX, VA and DC residents please add applicable sales tax to the price of Publications. Please send me: Publications Catalog Institutes and Programs Catalog Information on PLI Membership The information below is required to properly process your CLE certificate: State: Bar ID# State: Bar ID# State: Bar ID# PRIORITY CODE: AHC4 8A500 Name Title Firm Address ( U s e S t r e e t A d d r e s s f o r U P S D e l i v e r y ) City/State/Zip Phone Fax My address is: Please send me updates on PLI programs and services.