The Fundamentals Programs are of interest to both new and experienced planners. The series will begin with a look at how contemporary estate planning techniques have impacted traditional trust law, provide an overview of the important income tax issues involved in estate planning, and cover the essentials of asset protection planning.
Monday, January 13, 2014 (9:00 a.m. – 12:15 p.m.)
Back to School: A (Re)Introduction to the Law of Trusts
Robert H. Sitkoff
Contemporary estate planning has pushed the boundaries of traditional trust law, leading to profound change, if not a quiet doctrinal revolution. This session will take us back to school, as it were, for a primer on the law of trusts and a look at how the innovations of late fit—or don't fit—into traditional doctrine.
Wednesday, January 15, 2014 (2:00 – 5:20 p.m.)
Estate Planning Through an Asset Protection Lens
Gideon Rothschild, Daniel S. Rubin
With "permanent" portability and a $5,000,000 exemption, clients have begun to question the necessity of "estate planning". Fortunately, all signs indicate that the litigation explosion continues unabated, and that clients are demanding "asset protection planning" solutions from their estate planning advisors. This program will discuss ways in which an advisor can help clients integrate their estate and asset protection planning.
Thursday, January 16, 2014 (2:00 – 5:20 p.m.)
Income Tax Planning for Estate Planners: A Three Hour Tour
Samuel A. Donaldson
Just sit right back and you'll hear some tales... of fateful estate plans that failed to spot and deal with applicable federal income tax issues. Indeed, the weather starts getting rough for estate planners who forget about the income tax implications of the strategies they recommend to clients. This session will address several of the federal income tax issues estate planners regularly encounter, with an emphasis on recent changes and developments. Specific topics to be covered include basis in gifted property, the preferential tax rates for net capital gains, the exclusion for gain on the sale of a principal residence, the “Kiddie Tax,” installment sales, like-kind exchanges, marital property transfers, the taxation of life insurance, and the income tax deduction for charitable contributions. And it's taught by a professor (not Mary Ann).