Fundamentals Program

The Fundamentals Programs provide an overview of Subchapter J, examine the issues involved in forming a closely-held business, and cover the international planning issues all domestic estate planners should be familiar with.

Monday, January 22, 2018 (9:00 a.m. – 12:15 p.m.)
Starting Off On the Right Foot While Avoiding Foot Faults – Issues at the Formation of the Closely-Held Business
Stephanie Loomis-Price, Samuel A. Donaldson, Ivan Taback

Clients launching new business ventures need a lot of guidance, whether they know it or not. This program will cover most of the important tax and legal issues related to the formation and ongoing maintenance of a new business entity, including understanding the federal tax implications of the various types of business entities, negotiating the documents related to management, coordinating the business capital structure with the estate plan, and optimizing entity maintenance to minimize IRS attacks.

Wednesday, January 24, 2018 (2:00 – 5:20 p.m.)
Selected Subchapter J Subjects: From the Plumbing to the Planning, Preventing Pitfalls with Potential Payoffs
Alan S. Halperin, Amy E. Heller

Understanding the rules of Subchapter J is essential for every estate planner. The program will provide an overview of Subchapter J, including the rules related to grantor trusts and non-grantor trusts. The panelists will address potential pitfalls and planning opportunities that permeate this area.

Thursday, January 25, 2018 (2:00 – 5:20 p.m.)
Demystifying International Tax Planning for Individuals – A Primer for the Domestic Estate Planner
N. Todd Angkatavanich, Scott A. Bowman, Carlyn S. McCaffrey, Edward Vergara

This program will focus on tax issues practitioners should be familiar with when dealing with families who have multi-national members and assets, including U.S. income and transfer tax rules relevant to residents and non-residents, inbound and outbound investments, foreign trusts and their U.S. beneficiaries, corporate anti-deferral regimes, and expatriation. We will also discuss information exchange regimes such as FATCA, CRS and more.