4 2 n d A n n u a l Estate Planning Institute

Transcription

1 Satisfy Your CLE and CPE Requirements! 4 2 n d A n n u a l Estate Planning Institute, September 12-13, 2011 New Brunswick Groupcast Location, September 12-13, 2011 Live Webcast, September 12-13, One full hour of ethical concerns in estate planning Many New Topics! Potential tax traps and creative distribution strategies for trustees and their advisors Estate planning and administration in the internet age Update on elder law, especially medicare and medicaid Drafting estate planning documents to comply with and take advantage of the 2010 Tax Act Generation skipping transfer tax planning under the 2010 Tax Act and much much more Do You Know There Are 5 Ways To Attend PLI s Programs? See inside for details... Register Online at or Call (800) 260-4PLI

2 4 2 n d A n n u a l Estate Planning Institute, September 12-13, 2011 New Brunswick Groupcast Location, September 12-13, 2011 Live Webcast, September 12-13, Why You Should Attend The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which was enacted on December 17, 2010, completely changed the landscape regarding federal estate taxes, gift taxes and generationskipping transfer taxes. Learn how these tax law changes affect the planning and administration of your clients estates. Prestigious experts at the forefront of their fields will explore these tax law changes and discuss how you can use this information to your clients maximum advantage. What You Will Learn Many New Topics! Potential tax traps and creative distribution strategies for trustees and their advisors Estate planning and administration in the internet age Update on elder law, especially Medicare and Medicaid A review of the transfer tax changes in the 2010 Tax Act Drafting estate planning documents to comply with and take advantage of the 2010 Tax Act Asset protection Marital deduction planning under the 2010 Tax Act Generation skipping transfer tax planning under the 2010 Tax Act Post-death elections and planning under the 2010 Tax Act Charitable and personal planning An update on recent developments in all other areas of estate, trust and transfer tax planning Sophisticated planning techniques in a low interest rate environment Ethical concerns in estate planning and much more! Who Should Attend Attorneys and allied professionals specializing in estate planning, insurance and tax; accountants, financial planners, trust officers, non-profit development professionals and anyone whose practice requires a solid understanding of estate planning. Live Webcast at The session of this program is available live via the web at Print the Course Handbook Submit questions electronically Get real-time education right from your PC! If you have any questions please call PLI s Customer Relations Department at (800) 260-4PLI. R e s e r v e y o u r p l a c e t o d a y, c a l l ( ) P L I.

3 F A C U L T Y Chair: Sanford J. Schlesinger Schlesinger Gannon & Lazetera LLP Erica Bell Weiss, Buell & Bell Blanche Lark Christerson Managing Director Deutsche Bank Private Wealth Management Hon. John M. Czygier, Jr. Judge of the Surrogate s Court Suffolk County Riverhead, New York Ronni G. Davidowitz Katten Muchin Rosenman LLP Sharon L. Klein Head of Wealth Advisory Lazard Wealth Management LLC Bernard A. Krooks Littman Krooks LLP Patrick T. Leahy Group Manager/Supervising Attorney Internal Revenue Service Gideon Rothschild Moses & Singer LLP Andrea Levine Sanft Paul, Weiss, Rifkind, Wharton & Garrison LLP Martin M. Shenkman Martin M. Shenkman, P.C. Paramus, New Jersey Kate Spelman Cobalt LLP Berkeley, California Conrad Teitell Cummings & Lockwood LLC Stamford, Connecticut Program Attorney: Meghan C. Forgione PLI s Nationally Acclaimed Course Handbooks All program attendees will receive a copy of the Course Handbook 42nd Annual Estate Planning Institute. This bound volume is prepared specifically for this program and also stands alone as a permanent reference. PLI s Course Handbooks represent the definitive thinking of the nation s finest legal minds, and are considered the standard reference in the field. The Course Handbook will be available on the first day of the program. Please note: Webcast attendees will have access to a downloadable version of the Handbook one business day prior to the program. Very well presented topics and very CURRENT topics Renee Ruder, Independent Tax Consultant Program was very helpful and informative attendee Great program and materials attendee

4 P R O G R A M 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 Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 Obama 2012 Fiscal Year Transfer Tax Proposals New IRS Rulings and Regulations Recent Case Law Developments Regarding Transfer Taxes State Law Developments Regarding Estates and Trusts Sanford J. Schlesinger 10:15 Generation Skipping Under 2011/12 Tax Laws Provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 Effect of 2010 GST Transactions Sunset Provisions GST tax Planning Opportunities 1. Gifts 2. Leveraged transactions 3. Sales to grantor trusts 4. Planning with Life Insurance Dynasty Trust Planning Opportunities 1. Income tax 2. Asset protection Andrea Levine Sanft 11:15 Networking Break 11:30 Update on Elder Law, Especially Medicare and Medicaid Medicaid Planning for single individuals and married couples Long-term care insurance, including tax considerations Protecting the family home Use of trusts in elder law planning Retirement accounts and long-term care planning Medicare - what's covered, what's not? Bernard A. Krooks Afternoon Session: 1:45 p.m. 5:00 p.m. 1:45 Asset Protection Why the need for Asset Protection? Use of trusts for asset protection Self-settled trusts - foreign vs. domestic Challenges to asset protection trusts Estate planning with gifts to self-settled trusts Gideon Rothschild 2:45 Charitable and Personal Planning Gifts and bequests of retirement benefits Savvy planning to avoid dreaded income in respect of a decedent Using an IRA to fund a testamentary CRT for a survivor Choosing wisely among inter vivos charitable remainder trusts to provide retirement income The oft-overlooked deferred payment charitable gift annuity Conrad Teitell 3:45 Networking Break 4:00 Ethical Considerations Conflicts Retainer Agreements Representing Fiduciaries Hon. John M. Czygier, Jr. 5:00 Adjourn 12:30 Lunch

5 S C H E D U L E DAY TWO: 9:00 A.M. 5:00 P.M. Morning Session: 9:00 a.m. 12:15 p.m. 9:00 Potential Tax Traps and Creative Distribution Strategies For Trustees and Their Advisors How to avoid potential tax traps in the trust context inherent in the distribution, taxation allocation and investment arenas, including: 1. Utilizing the power to adjust and unitrust distribution tools 2. Allocating the capital gains tax burden among beneficiaries 3. The tax impact of investment strategy on beneficiaries with competing interests. Practical guidance for managing conflicts and reducing potential litigation exposure Creative trust distribution strategies designed to maximize after-tax impact in the charitable planning context and in the context of planning for non-us citizen surviving spouses. Sharon L. Klein 10:00 Sophisticated Planning Techniques in a Low Interest-Rate Environment GRATs (grantor retained annuity trusts) Sales to Defective Grantor Trusts CLATs (charitable lead annuity trusts) QPRTs (qualified personal residence trusts) Intra-family loans Blanche Lark Christerson 11:15 Planning for Post-Death Elections State of domicile can have a wide range of consequences to the estate Put options and other rights (options) under buy sell and other agreements Extension of time to pay estate tax under 6161 for reasonable cause Estate tax deferral 6166 Graegin loans Planning gain or loss on distributions Disclaimers a key tax and dispositive factor Marital deduction can be the subject of a host of elections or elective actions by the executor or trustees Claims, liabilities, and claims can be impacted by the executor s actions If the assets have declined in value, and there is a reduction on the estate/gst tax due, then the fiduciary can make an election to use the alternate valuation date ( AVD ) to value assets at the date six months following the decedent s death. IRC Section Minimum Required Distribution ( MRD ) Rules for beneficiaries who inherit the retirement plans. Martin M. Shenkman 12:15 Lunch 11:00 Networking Break 5 Ways to Attend PLI s Programs: Live Programs Attend the program with other attendees and ask the speakers questions from the floor. Ideal if you want the live experience. Live Webcasts View the live program from your home or office and watch the streaming video on your laptop or desktop, ask questions electronically, view or print the Course Handbook, and, if you have to miss any of it, you have access to the archived portion for one year. Ideal if you can t travel and still want to benefit from simultaneous live viewing of the program.

6 Please plan to arrive with enough time to register before the conference begins. A networking breakfast will be available upon your arrival. Program Attendees Save 35% on This Treatise: Afternoon Session: 1:30 p.m. 4:45 p.m. 1:30 Estate and Tax Planning for Domestic Partners Recent developments affecting domestic partners, same sex spouses and alternative families Estate planning for domestic partners and alternative families Domestic partnership agreements and special issues regarding prenuptial agreements for same-sex spouses Issues arising from joint ownership arrangements Gifts Useful estate planning instruments for domestic partners Erica Bell 2:30 IRS vs. The Taxpayer Perspective Transfer tax audit profile for 2010 and beyond Preparing for the examination The examination process and conclusion Practical recommendations Ronni G. Davidowitz, Patrick T. Leahy, Sanford J. Schlesinger 3:30 Networking Break 3:45 Estate Planning and Administration in the Internet Age Ten top mistakes that estate planners make when copyrights form a part of the estate's assets The coming copyright termination crisis what planning do you need to preserve the estate s right to recapture the copyright? How the usual estate planning intake questionnaire is like asking people in a crowded room, can you hear me? Recent case law current developments in the intersection of copyright and estate planning Kate Spelman Estate Planning & Chapter 14: Understanding the Special Valuation Rules Cheryl E. Hader (Ropes & Gray LLP, ) 1 looseleaf volume, 473 pages, $285 $ (Updated annually or as needed: No charge for revision issued within 3 months of purchase) Visit the PLI Bookstore the day of the program to receive your discount! 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 web site and offering free MPRE courses. For more information, go online to pro-bono.pli.edu. PLI Scholarships Please check the Registration Information section of this brochure for more information about PLI scholarships. 4:45 Adjourn Groupcasts Bring a PLI program for group viewing directly to your conference room. Enjoy the live streaming video and receive the best legal education from our expert faculty. All while training more people for less money, in the privacy of your own office setting. CLE Now Web Segments/Programs PLI anywhere, anytime you want it right from your PC. MP3/Audio CD/DVDs Watch or listen to PLI s programs in the comfort of your home or office. Visit for more details.

7 Cost is not a concern for Individual Privileged Members. Individual Privileged Members have the complete freedom to attend as many of PLI s 300+ annual programs and Live Webcasts as they please, for one flat annual fee. For just $3,495 you can get the training you need, however you want it. Contact membership@pli.edu for more information. R E G I S T R AT I O N / H O T E L I N F O R M AT I O N 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 810 Seventh Avenue, New York, NY Fax or mail completed Registration/Order Form on back cover Seminar Location: PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York Message Center, program days only: (800) 260-4PLI. Hotel Accommodations: Due to high demand and limited inventory in NYC, we recommend reserving hotel rooms as early as possible. Hilton New York Hotel, 1335 Avenue of the Americas, New York, New York Reservations (877) NYC-HILT. Please mention you are booking a room under the Practising Law Institute Corporate Rate and the Client File N# is You may also book reservations online: go to for this program, click Hilton link to see preferred rates. Enter requested dates and Practising Law Institute rates will appear. Warwick New York Hotel, 65 West 54th Street, New York, NY block from PLI Center. Reservations or hotel direct Please mention that you are booking a room under the Practising Law Institute Corporate Rate. Reservations online at Click reservations in menu bar on left. Select desired dates. In Special Rates drop down window select Corporate Rate. In Rate Code enter PLIN. Click search and select desired room type and rate plan. Or, you may reservation requests to: res.ny@warwickhotels.com New Brunswick Groupcast Location: New Jersey Institute for Continuing Legal Education, One Constitution Square, New Brunswick, New Jersey (732) 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. PLI s Scholarship/Financial Hardship Policy: Full and partial scholarships to attend PLI programs are available to pro bono attorneys, judges, judicial law clerks, law professors, attorneys 65 or older, law students, librarians and paralegals who work for nonprofit organizations, legal services organizations or government agencies, unemployed attorneys and others with financial hardships. 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8 Practising Law Institute 4 2 n d A n n u a l Estate Planning Institute R E G I S T R A T I O N / O R D E R F O R M When Registering, Please Refer to Priority Code: LCM1 Make necessary corrections on mailing address. YES, please register me for the following session: 42nd Annual Estate Planning Institute Seminar,* September 12-13, 2011, PLI New York Center, $1, New Brunswick Groupcast Location,* September 12-13, 2011, New Jersey Institute for Continuing Legal Education, $1,495 2 Live Webcast,* September 12-13, 2011 (Register online prior to first day of program - #29422), $1, Privileged Member Fee: $ Course Handbook only, $ Estate Planning & Chapter 14: Understanding the Special Valuation Rules, 1 1 looseleaf volume, $285 My address is: Please send me updates on PLI programs and services. * Includes Course Handbook. Webcast attendees will have access to a downloadable version of the Handbook one business day prior to the program. FREE Shipping and Handling on all Audio CD/DVD and Treatise purchases. PLI will pay shipping and handling charges on all prepaid Course Handbook orders in the United States, U.S. Possessions and Canada. California, Florida, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, Virginia and Washington, D.C. residents please add applicable sales tax to price of Publications and Audio CD and DVD products. Please check if you are a PLI Privileged Member. Please send me information on PLI Membership. Please send me PLI s catalog of Publications. Please send me PLI s catalog of Institutes and Programs. The information below is required to properly process your CLE certificate: State: Bar ID# State: Bar ID# State: Bar ID# $ check enclosed (Payable to Practising Law Institute) Bill me PLI Privileged Member Please Charge to: Visa MasterCard American Express Diners Club Credit Card No.: Exp. Date: Signature Required: Phone No.: PRIORITY CODE: LCM1 8A500 Practising Law Institute 810 Seventh Avenue New York, NY NON-PROFIT ORGANIZATION U.S. POSTAGE PAID PRACTISING LAW INSTITUTE Name Title Firm Address (Use Street Address for UPS Delivery) City/State/Zip Phone Fax