Fundamentals Program

The Fundamentals Programs will explore planning with portability, partnership income tax for estate planners, and the generation-skipping transfer tax.

Monday, January 9, 2017  (9:00 a.m. – 12:15 p.m.)
Portability: Lots of Questions, Few Easy Answers
Lester B. Law, Howard M. Zaritsky
Portability creates a new paradigm in estate planning. The program will discuss portability from its inception through the most recent developments; address many issues planners will face in advising clients; suggest “portability-type” plans; cover state law issues (including pre-marital planning); and discuss the basis adjustment mechanisms for those with traditional bypass (or similar) trusts.

Wednesday, January 11, 2017  (2:00 – 5:20 p.m.)
Just Enough to Be Dangerous: Partnership Income Tax Fundamentals for the Estate Planner/Administrator
Richard B. Robinson, Cristin Conley Keane
Partnerships and LLCs are frequently encountered in the course of estate planning/estate administration. This session will examine the basic rules, planning opportunities and pitfalls that every estate planner/administrator should know about partnership tax.

Thursday, January 12, 2017  (2:00 – 5:20 p.m.)
GST Tax: Math, Mistakes & Mitigation
Julie Miraglia Kwon, Carol A. Harrington
This program will review practical basics of GST tax planning and compliance, including automatic allocations of GST exemption, reporting and elections on gift and estate tax returns, inclusion ratios, common snafus, and options to address prior mistakes. These concepts will be explained with concrete examples.