May 18, 2017 Chicago, IL May 16, 2017 Chicago, IL Conference

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1 May 18, 2017 Chicago, IL May 16, 2017 Chicago, IL Conference GUIDANCE IN UNCERTAIN TIMES

2 Estate & Gift Tax Conference GUIDANCE IN UNCERTAIN TIMES Stay Compliant in a Changing Environment Even in what might be referred to as quiet years, there are new concerns on the horizon that require all of our collective attention and this year is certainly no exception. For the first time, preparers of estate returns are faced with complying with the new basis consistency rules and the filing of additional forms such as Form In addition, Treasury has come out with new regulations which affect discounting in estate and gift tax planning. This must-attend conference will help you keep compliant with these changes in what promises to be the calm before the storm. AGENDA TOPICS: Estate, Gift, Trust and Charitable Technical Updates IRAs Payable to Trusts Income Tax is the New Estate Tax 10 Steps to Pursuing a Better Investment Experience Modern Uses of Partnerships in Estate Planning The Illinois Trust Code: What You Need to Know What s Hot and What s Not in Life Insurance Today

3 Early Bird: Register by April 27, 2017 and SAVE! Conference Details: Chicago Date: May 18, 2017 Course Code: C42482 Location: The Standard Club, 320 S. Plymouth Ct., 5th Floor, Chicago, IL Simulcast Date: May 18, 2017 Course Code: C42483 Time: 7:30 am registration; 8:15 am - 4:35 pm program Credits: 8.5 CPE Hours Regular Conference Registration: $360 members $445 non-members Early Bird Registration: $335 members $420 non-members FOS Credits: 7.5 Taxation, 0.5 Business Law, 0.5 Finance, 5.75 CLE, 7 CFP How to Register: Online: To register online, visit us at the Illinois CPA Society s website: Phone: Call us from 8:00 am to 5:00 pm, Monday through Friday at: , #4 100% Satisfaction Guarantee We strive to deliver the highest quality educational experience. If you are not satisfied, call us at , option 4 and we will make it right. Program materials will be placed on our website to allow attendees to download or print in advance. Attendees will receive an with a link to access these materials prior to the conference date. All program information is subject to change. Please verify upon registration.

4 2017 Estate & Gift Tax Conference 7:30 am 8:15 am REGISTRATION & CONTINENTAL BREAKFAST 8:15 am 8:30 am WELCOME AND OVERVIEW OF THE DAY Conference Chair: Lee Arbus, Levun Goodman & Cohen, LLP, Northbrook, IL 8:30 am 9:45 am Estate, Gift, Trust and Charitable Technical Updates 1.5 Taxation Speakers: Kevin M. Metke, CPA, MST, Partner, Private Wealth, Deloitte Tax LLP, Chicago, IL Micaela Saviano, CPA, MST, MBA, Senior Manager, Deloitte Tax LLP, Chicago, IL Recent legal and regulatory developments have resulted in a number of critical technical updates being put into play. Determine which of these will have major impact as you hear about legislation likely to go into effect under the new administration. n Receive an analysis of estate, gift, trust and charitable technical updates n Practical application of the recent changes 9:45 am 10:00 am NETWORKING BREAK 10:00 am 11:15 am IRAs Payable to Trusts 1.5 Taxation Speaker: Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), Partner, Keebler & Associates, LLP, Green Bay, WI Retirement distribution planning is well understood from an investment perspective; however, the complex tax rules can be more difficult to grasp. Tax professionals must know which aspects of distributing retirement assets to trusts are most essential while also avoiding the most common mistakes. n Learn the basic principles of income in respect of a decedent n Hear how the measuring life for Requested Minimum Distributions is determined n Determine the requirements for naming a trust as a qualified designated beneficiary

5 Program Agenda 11:15 am 12:05 pm Income Tax is the New Estate Tax 1 Taxation Speaker: Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), Partner, Keebler & Associates, LLP, Green Bay, WI Most planning techniques can address either estate tax or income tax benefits but not both. To best serve your clients, you need a robust understanding of all the available options and their comparative benefits. n Better comprehend connections between income and estate tax 12:05 pm 1:00 pm NETWORKING LUNCHEON 10 Steps to Pursuing a Better Investment Experience 0.5 Finance Speaker: Shari Greco Reiches, Principal, Rappaport Reiches Capital Management, Skokie, IL Investors must focus on things they can control and being less of a speculator. Manage your emotions and leverage smart diversification practices as you move beyond speculation into the profit column. n Receive tips to resist chasing past performance n Hear easy ways to avoid market timing 1:00 pm 2:15 pm Modern Uses of Partnerships in Estate Planning 1.5 Taxation Speaker: Paul S. Lee, J.D., LL.M., National Managing Director/Senior Regional Wealth Advisor, The Northern Trust Company, New York, NY With higher income tax rates but lower transfer tax liability, ATRA has vaulted income tax planning and tax basis management to the forefront of estate planning. With Section 2704 Treasury Regulations looming, it becomes necessary to utilize vehicles such as family entities taxed as partnerships to minimize client tax liabilities. n Discuss how partnerships can change the basis of assets and maximize the step-up in basis n Identify ways to use income and deductions to defer and shift tax items

6 2017 Estate & Gift Tax Conference 2:15 pm 2:30 pm NETWORKING BREAK 2:30 pm 3:45 pm The Illinois Trust Code: What You Need to Know 0.5 Business Law, 1 Taxation Speaker: Anthony L. Engel, JD, Senior Vice President and Fiduciary Counsel, Bessemer Trust, Chicago, IL The Uniform Trust Code is an effort to modernize and codify the law on trusts applied across 30 states. Understanding the current status of the Illinois Trust Code and how it differs from prior trust law is a must-know for any practitioner. n Understand the trustee s responsibilities to current and future beneficiaries n Review Illinois Uniform Trust Code and learn which trusts will be most affected by the new rules 3:45 pm 4:35 pm What s Hot and What s Not in Life Insurance Today 1 Taxation Speaker: John Ocwieja, CLU, CFBS, Family Wealth Advisor, Hoopis Group/MassMutual Financial Group, Chicago, IL Examine the effects of interest rates on life insurance pricing. Learn why life insurance is so useful in a zero-estate tax world and how it can be leveraged to increase retirement income. n Discuss what you need to know about life insurance to best serve your clients n Examine portfolio withdrawal risks pertaining to life insurance Special Thanks to Our Task Force: Conference Chair: Lee A. Arbus, Levun Goodman & Cohen, LLP, Northbrook, IL Kamal Battu, CPA, Diversified Financial Management Corp., Chicago, IL Erin Flanagan, CPA, Diversified Financial Management Corp., Chicago, IL Fred Jahns, MBA, CPA/ABV, ASA, Brookwood Vance LLC, Bloomingdale, IL Mary B. Locher, CPA, Dam, Snell & Taveirne, Ltd., Fox Lake, IL Scott Pohar, CPA, Marcum LLP, Chicago, IL

7 Program Agenda Upcoming Conferences May 2 Springfield Government May 3 Rosemont Government May 16 Chicago Employee Benefits June 7 Chicago New Partnership Audit Rules Half-Day Workshop June 8 Chicago Taxation on Real Estate June 13 Chicago Not-for-Profit Advanced Accounting & Uniform Guidance August Rosemont Midwest Accounting & Finance Showcase November 16 Rosemont Not-for-Profit November 17 Chicago Women s Leadership November 29 Rosemont Accounting & Auditing November 30 Springfield Accounting & Auditing December 12 Rosemont Employee Benefits To view a full 2017 conference calendar, go to Your learning adventure awaits you. With the Access Pass, you re free to explore 40 hours of CPE for only $199 ($249 for non-members). Extensive library of 100+ hot topics Solutions from leading experts Interactive, engaging, and fun Start your journey today at Subscription good through

8 May 18, 2017 Chicago, IL Estate & Gift Tax Conference A Special Thanks to our Sponsor: Nonprofit Org U.S. Postage PAID Oak Brook, IL Permit No. 100