See Credit Details Below
Overview
What You Will Learn
After completing this program, participants will be able to:
- Plan for potential impacts of the scheduled sunset of certain provisions of the 2017 Tax Act
- Manage the discrepancies between federal and state tax regimes
- Prepare for changes in the tax treatment of Grantor Trusts including Green Book proposals
- Implement current strategies for grantor trusts in small, medium, and large estates
- Learn about issues when planning for those with special needs
- Compare state tax residency rules and case studies relevant to estate and transfer tax
- Understand the advantages and limitations of the common ways to give—commercial donor-advised funds, community foundation funds and private foundations
- Maintain ethical standards and reduce liability exposure
- Advise clients on the fiduciary duties of executors and trustees during volatile market
Special Features: Earn Up To 14 Certified Trust and Fiduciary Advisor (CFTA) Credits
Program Level: Update
Prerequisites: Attendees should have a basic understanding of trust and estates terminology and a foundational background in tax.
Advanced Preparation: None
Lecture Topics [Total time 00:13:15]
Segments with an asterisk (*) are available only with the purchase of the entire program.
- Opening Remarks* [00:05:08]
Sanford J. Schlesinger - Recent Developments in Transfer Taxation and Estate Planning [01:07:04]
Sanford J. Schlesinger - Pressing the Do-Over Button: Strategies for Modifying Wills and Trusts After Formation [00:59:05]
Joshua S. Rubenstein - Fiduciary Responsibilities for Executors and Trustees in a Market in Turmoil [01:00:02]
Elisa Shevlin Rizzo - Estate Planning for Digital Assets and Financial Implications [00:58:36]
Elise J. McGee, Ross E. Bruch - Residency and Domicile Issues for Income Tax and Transfer Tax [00:59:22]
Timothy P. Noonan - Estate Planning for Surviving Spouse, Including Defining Surviving Spouse [00:58:03]
Yoshimi O. Smith - Private Placement Life Insurance [01:01:05]
Shishir R. Ketan, CFA - Ethical Perils for Individual Trustees: What Every Trustee and Professional Advisor Should Know About Defusing Conflicts and Reducing Litigation Exposure [01:00:32]
Sharon L. Klein - Elder Law and Special Needs Planning [01:00:39]
Amy C. O’Hara, CELA - Commercial Donor-Advised Funds vs. Community Foundation Funds vs. Private Foundations [00:59:38]
Richard Peck - Ethics in Charitable Contributions Tax Planning [01:00:51]
Conrad Teitell - Grantor Trusts- Currently and in the 2024 Green Book [01:00:37]
Robert S. Barnett
The purchase price of this Web Program includes the following articles from the Course Handbook available online:
- Complete Course Handbook
- Sanford J. Schlesinger and Andreea Olteanu, Estate Planning Update (July 2023)
Sanford J. Schlesinger - Pressing the “Do Over” Button: Strategies for Modifying Wills and Trusts After Formation
Joshua S. Rubenstein - Stephanie E. Heilborn, Ch. 13: Choosing Executors and Trustees, Manning on Estate Planning (7th Edition) (November 2013; Supp. June 2022)
Sanford J. Schlesinger - McDermott Will & Emery, McDermott Obtains Landmark “No-Action” Relief for Two Ocean Trust Concerning Digital Asset Custody (October 26, 2020)
Elise J. McGee - McDermott Will & Emery, IRS Releases Memorandum on Deducting Cryptocurrency Losses (January 26, 2023)
Elise J. McGee - McDermott Will & Emery, IRS Releases Memorandum on Deducting Cryptocurrency Donations (January 18, 2023)
Elise J. McGee - McDermott Will & Emery, IRS Releases Memorandum on the Tax Consequences of a Blockchain Protocol Upgrade (April 27, 2023)
Elise J. McGee - McDermott Will & Emery, IRS Releases Notice on the Taxation of NFTs as Collectibles (March 27, 2023)
Elise J. McGee - Timothy P. Noonan and Emma M. Savino, COVID-19: The Year of the Great Migration, Noonan’s Notes, Tax Notes State, Vol. 99, No. 9 (March 1, 2021)
Timothy P. Noonan - Timothy P. Noonan and Ariele R. Doolittle, The Power of Testimony in New York Domicile Cases, Noonan’s Notes, State Tax Notes, Vol. 86, No. 9 (November 27, 2017)
Timothy P. Noonan - Timothy P. Noonan and Catherine B. Eberl, Trust Us: New York’s Residency Rules For Trusts Are Complicated, Noonan’s Notes, State Tax Notes (August 22, 2016)
Timothy P. Noonan - Something Old, Something New: Estate Planning for the Surviving Spouse
Yoshimi O. Smith - Darren M. Wallace, G. Warren Whitaker and Leiha Macauley, Day Pitney LLP, Ch. 8: Life Insurance, Private Clients Legal & Tax Planning Answer Book (2023 Edition) (September 2022)
Sanford J. Schlesinger - Ethical Perils for Individual Trustees: What Every Trustee and Professional Advisor Should Know About Defusing Conflicts and Reducing Litigation Exposure
Sharon L. Klein - Elder Law and Special Needs Planning (2023)
Amy C. O’Hara - Littman Krooks LLP, Administering a Special Needs Trust: A Handbook for Trustees (2023 Edition)
Amy C. O’Hara - Jeffrey D. Haskell, Tax Benefits of a Private Foundation, Foundation Source (June 3, 2019)
Richard Peck - Forming Physician Partnerships and a Culture of Giving: A Case Study in Successful Fundraising from the Geisel School of Medicine at Dartmouth and Dartmouth-Hitchcock, Advancement Resources (February 2016)
Richard Peck - Ethics in Charitable Contributions Tax Planning
Conrad Teitell - IRS, Instructions for Form 1041 and Schedules A, B, G, J, and K-1 (2022)
Robert S. Barnett - 26 U.S.C. Ch. A(1)(J)(I)(e) §§ 671-679, Grantors and Others Treated as Substantial Owners
Robert S. Barnett - Treasury Department, General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals, pp. 115–132 (March 9, 2023), available at: https://home.treasury.gov/policy-issues/taxpolicy/revenue-proposals
Robert S. Barnett - IRS, Revised Rule 85-13, 1985-1 C.B. 184, 1985-7 I.R.B. 28
Robert S. Barnett - IRS Proposed Rule 83 Fed. Reg. 40884, Qualified Business Income Deduction (August 16, 2018)
Robert S. Barnett - IRS Revised Rule 2004-64
Robert S. Barnett - IRS Revised Rule 2008-22
Robert S. Barnett - IRS § 1.1361–1, S Corporation Defined
Robert S. Barnett - Application to Estates and Trusts, § 1.1411–3, 78 Fed. Reg. 72422, No. 231 (December 2, 2013)
Robert S. Barnett - IRS § 1.121–1, Exclusion of Gain from Sale or Exchange of a Principal Residence
Robert S. Barnett
Presentation Material
- Article: Estate Planning Update
Sanford J. Schlesinger - Segment PowerPoint: Fiduciary Responsibilities for Executors and Trustees in a Market in Turmoil
Elisa Shevlin Rizzo - Article: Fiduciary Responsibilities for Executors and Trustees in a Market in Turmoil
Elisa Shevlin Rizzo - Estate planning for digital assets
Ross E. Bruch, Elise J. McGee - Segment PowerPoint: Residency and Domicile Issues for Income Tax and Transfer Tax
Timothy P. Noonan - Segment PowerPoint: Estate Planning for Surviving Spouse, Including Defining Surviving Spouse
Yoshimi O. Smith - Segment PowerPoint: Private Placement Life Insurance
Shishir R. Ketan, CFA - Segment PowerPoint: Ethical Perils for Individual Trustees: What Every Trustee and Professional Advisor Should Know About Defusing Conflicts and Reducing Litigation Exposure
Sharon L. Klein - Segment PowerPoint: Elder Law and Special Needs Planning
Amy C. O’Hara, CELA - Segment PowerPoint: Commercial Donor-Advised Funds vs. Community Foundation Funds vs. Private Foundations
Richard Peck - Appendices P - R
Conrad Teitell - Resources: Ethics in Charitable Contributions Tax Planning
Conrad Teitell - Segment PowerPoint: Grantor Trusts- Currently and in the 2024 Green Book
Robert S. Barnett
Why You Should Attend
PLI’s 54th Annual Estate Planning Institute with Sanford “Sandy” Schlesinger is considered essential legal training by those engaged in sophisticated estate and tax planning practice. Our faculty not only provide instruction in the foundational elements of estate and tax planning, they expertly guide attendees through important I.R.S. regulatory updates while explaining beneficial tax structures and uniquely successful short- and long-term financial strategies for high net-worth clients. This comprehensive approach by engaging instructors has made this two-day program a staple in successful legal practice for decades.
Among the many exciting features of this year’s program are new segments on the SECURE Act II, grantor trusts, private placement life insurance, fiduciary responsibilities for executors and trustees, surviving spouse considerations, as well as two full segments on ethical issues.
What You Will Learn
After completing this program, participants will be able to:
- Plan for potential impacts of the scheduled sunset of certain provisions of the 2017 Tax Act
- Manage the discrepancies between federal and state tax regimes
- Prepare for changes in the tax treatment of Grantor Trusts including Green Book proposals
- Implement current strategies for grantor trusts in small, medium, and large estates
- Learn about issues when planning for those with special needs
- Compare state tax residency rules and case studies relevant to estate and transfer tax
- Understand the advantages and limitations of the common ways to give—commercial donor-advised funds, community foundation funds and private foundations
- Maintain ethical standards and reduce liability exposure
- Advise clients on the fiduciary duties of executors and trustees during volatile market
Who Should Attend
Attorneys, financial consultants, and other professionals advising high net worth clients on estate planning including transfer tax matters will benefit from the program.
Special Features: Earn Up To 14 Certified Trust and Fiduciary Advisor (CFTA) Credits
Program Level: Update
Prerequisites: Attendees should have a basic understanding of trust and estates terminology and a foundational background in tax.
Advanced Preparation: None