Advanced Estate Planning Institute
Jan. 29-30, 2015 • San Francisco & Webcast
ADVANCED ESTATE PLANNING INSTITUTE JAN. 29-30, 2015 HYATT REGENCY SAN FRANCISCO & WEBCAST
CONFERENCE OVERVIEW Overview: Recent legal changes have ushered in a new era of estate planning that requires a fresh look at wealth planning strategies for even the most experienced estate planning professionals. Now in its 19th year, the Advanced Estate Planning Institute continues to address complex estate planning issues and provide critical updates helping you provide the best advice to avoid or minimize tax-related liabilities for estates and inheritances. This event features a roster of nationally recognized speakers who will discuss their insights on the latest policy shifts and regulatory updates and information to help you provide the best advice regarding wealth transfer and business succession for your clients.
Designed for: CPAs, attorneys, insurance and financial professionals who have extensive experience in estate planning. Credit Information Credit Information CPE: 16 Hours EA: 16 Hours MCLE: 13 Hours LS-EP: 13 Hours Level: Advanced Prerequisites: None
Thank you to our Silver Sponsor:
Hyatt Regency San Francisco 5 Embarcadero Center San Francisco, CA 94111
AGENDA {AT-A-GLANCE}
Day Two Jan. 30
Day One Jan. 29 08:30
Welcome and Introductions
08:00
Welcome and Introductions
08:35
Estate Planning Update
08:05
Planning with Charitable Trusts
09:50
Break
09:20
Fixing Broken Trusts
10:05
Venn Diagrams: The Intersection of Estate and Income Tax (Planning in the ATRA-Math)
10:35
Break
10:50
Selected Elder Law Issues
11:35
Property and Transfer Taxes
11:50
Lunch (Plated lunch provided)
12:35
Lunch (plated lunch provided)
12:50
New Thoughts on Valuation
01:50
Advanced Portability Issues
02:05
Watch Out: Common Mistakes
03:05
Break
03:35
Adjourn
03:20
Key Role Of CPAs In IDGT Creation and Operation
04:35
Today’s Top Issues
05:20
Networking Reception
06:15
Adjourn
Day One: Networking Reception
Connect with your experienced planning colleagues and our nationally-recognized speakers at this evening’s cocktail reception. Relax and enjoy hors d’oeuvres, beer, wine and great conversation.
Day One Jan. 29 San Francisco & Webcast 08:30
Welcome and Introductions
12:35
{Lunch} Plated lunch provided
Jonathan C. Lurie, Esq. McDermott Will & Emery LLP Conference Co-Chair
01:50
Advanced Portability Issues From GST exemptions with QTIP trusts to the use of promissory notes to fund the credit shelter trusts, this session will make sure you’re in the know when it comes to advanced portability issues. Don’t miss insightful updates on delayed audits, establishing income tax basis, the pros and cons of simplified reporting, contingent claims and portability elections. Discover traps to avoid with outright distribution to survivor’s trusts.
Jacqueline A. Patterson, J.D., MBT, CPA Buchanan & Patterson, LLP Conference Co-Chair 08:35
Estate Planning Update Learn everything you need to know regarding new cases, rulings and proposed regulations, as well as new developments that are pending and may impact your clients.
Keith Schiller, Esq. Schiller Law Group APC
Andrew M. Katzenstein, Esq. Proskauer Rose LLP
03:05
{Break}
09:50
{Break}
03:20
10:05
Venn Diagrams: The Intersection of Estate and Income Tax (Planning in the ATRAMath) Learn to use trust and partnership elections, distributions and reorganizations to maximize the step-up and split income across taxpayers. This informative session will also address measuring the transfer tax costs against the income tax savings from the step up on different types of assets, recapturing assets that have been transferred, multiplying the applicable exclusion amount and using debt to reduce estate tax exposure while maximizing the step up.
Key Role of CPAs in IDGT Creation and Operation Intentionally defective grantor trusts aren’t for everyone but they can be a good tool for some clients. This session will give a detailed overview featuring real-life examples of IDGTs, including: lender/loan issues, protection from IRS audits, differences in structures for single and married people and issues regarding operation after creation. David B. Gaw, Esq. Gaw Van Male
04:35
Paul S. Lee, J.D., LLM National Managing Director Bernstein Global Wealth Management 11:35
David B. Gaw, Esq. Gaw Van Male
Property and Transfer Taxes Are you aware of the common and often overlooked advanced property and transfer tax issues facing your clients? Learn how to add value to your client’s estate plan by understanding property tax strategies, while avoiding common malpractice traps. This session will look at hot issues and discuss planning strategies to avoid future problems. Bradley R. Marsh, Esq. Greenberg Traurig
Today’s Top Issues Bring the day’s discussions into focus with this informative Q&A session that will address key issues you you and your advanced estate planning colleagues have discussed during facilitated lunch time conversation.
Keith Schiller, Esq. Schiller Law Group APC Andrew M. Katzenstein, Esq. Proskauer Rose LLP Jonathan C. Lurie, Esq. McDermott Will & Emery LLP 05:20
Hosted Reception with Speakers
06:15
Adjourn
Day Two Jan. 30 San Francisco & Webcast 08:00
Welcome and Introductions
10:50
Jonathan C. Lurie, Esq. McDermott Will & Emery LLP Conference Co-Chair Jacqueline A. Patterson, J.D., MBT, CPA Buchanan & Patterson, LLP Conference Co-Chair 08:05
Planning with Charitable Trusts This session will provide you with all you need to know regarding CRTs and high income taxes; CLT vs. Section 6166; low interest rates and charitable lead trusts; grantor vs. non-grantor CLTs; testamentary vs. inter vivos CLTs; funding with notes; getting rid of charitable trusts and uniform basis rules. Michael S. Fredlender, CPA Michael S. Fredlender CPA, APC
James Spar, M.D. Professor, Department of Psychiatry & Biobehavioral Sciences David Geffen School of Medicine, UCLA Adam F. Streisand, Esq. Loeb & Loeb LLP 11:50
{Lunch} Plated lunch provided
12:50
New Thoughts on Valuation From foreseeability to adequate disclosure, get a fresh look at valuation. Review built-in gain, S corporation tax affect, discounts and premiums, illegal assets with experts who can give you and your clients a new perspective.
Jonathan C. Lurie, Esq. McDermott Will & Emery LLP 09:20
Fixing Broken Trusts There are many factors in the decision to fix a broken trust; taxes being one of them. In an era with both high estate and gift tax exemptions, and high rates of income taxation, many practitioners are reviewing old trusts perceived to be broken under modern facts and law. This session will discuss commons reasons and methods for fixing broken trusts and a discussion of some of the risk factors involved, including the authorities governing whether IRS will respect such corrective methods for federal tax purposes.
The Honorable Mark V. Holmes, Judge U.S. Tax Court John W. Prokey, Esq. Ramsbacher Prokey LLP 02:05
Dennis I. Leonard, Esq. Ramsbacher Prokey LLP 10:35
Selected Elder Law Issues Understand the current issues concerning elder law. Explore important topics in elder law, including: determining capacity, substituted judgment, power of attorney and asserting and defending financial elder abuse claims in litigation.
Watch Out: Common Mistakes Gain a new perspective from the individuals examining your work. During this informative session you will hear about common mistakes made when requesting private letter rulings, and what the IRS sees when they are reviewing estate and gift tax returns. Find out what you can do to minimize errors and problems. James F. Hogan , Esq. Andersen Tax
{Break}
Kyle C. Martin, Esq. Supervisory Attorney Internal Revenue Service 03:35
Adjourn
CONFERENCE PLANNING COMMITTEE
Conference Planning Committee Jacqueline A. Patterson, J.D., MBT, CPA Buchanan & Patterson, LLP Conference Co-Chair Jonathan C. Lurie, Esq. McDermott Will & Emery LLP Conference Co-Chair Kathleen W. Campbell, CPA C&D LLP CPAs and Advisors
Michael S. Fredlender, CPA Michael S. Fredlender, CPA, APC Richard E. Gilbert, Esq. Freeman | Freeman | Smiley LLP Dennis I. Leonard, Esq. Ramsbacher Prokey LLP Elliott L. Schell, CPA, MBA Maginnis Knechtel & McIntyre LLP
Valerie Colin, CPA, MBT Gumbiner Savett
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REGISTRATION INFORMATION
REGISTER ONLINE calcpa.org/Conferences
Contact CalCPA Education Foundation P.O. Box 45066 San Francisco, CA 94145-0066 Phone (800) 922-5272 Fax (888) 868-8558 Web calcpa.org Event Pricing Member $895 Nonmember $1,095 Coupon add-on $175 VPE add-on $275 Conference Registration Jan. 29-30 Hyatt Regency San Francisco Event Code 5141028A Jan. 29-30 Webcast Event Code 5141028B Discount Programs Save hundreds with Value-Priced Education (VPE) and Coupons. VPE 80 $1,295 CalCPA Member VPE 40 $795 CalCPA Member VPE 24 $675 CalCPA Member Coupon 10 $2,495 CalCPA Member Learn more about CalCPA discount programs, (800) 922-5272 or calcpa.org/discount Materials for this conference are provided in PDF format. You will receive an email that contains a link for accessing the materials at least three days before the conference.
Registration Policy All registrations are taken on a first-come, firstserved basis. The CalCPA Education Foundation reserves the right to refuse admission to any individual whose behavior it deems inappropriate. Cancellation Policy If you need to cancel your registration, you must cancel four business days prior to the event to receive a full refund. After that time a refund will be given less a $125 cancellation fee. No refunds will be given for no-shows. VPE no-shows will have the number of registered CPE hours deducted from their VPE credit. Coupon no-shows will forfeit the coupon used to register. For registration policies please go to calcpa.org/policies. Note: Topics and speakers are subject to change. For up-to-date information, please go to calcpa.org CalCPA Education Foundation 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, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or www.learningmarket.org.