Please click the titles of the presentations below to view the webcast of that session from the 13th Annual Estate, Tax, Legal and Financial Planning Seminar which was held on February 9, 2011. There is no cost to view the seminar, please watch as many times as you like and forward to a friend.
Note: A recording of the seminar is NOT approved or accepted for continuing education credits.
Featured Presenters and Programs
- Charitable Giving Habits of High Wealth Individuals
Presented by Ramsay H. Slugg, J.D.
Summary: The Bank of America Study of High Net Worth Philanthropy, conducted by the Center on Philanthropy at Indiana University, is the landmark study of the charitable giving behaviors and motivations of America's wealthiest donors. This group comprises just 3% of the population, but accounts for approximately 2/3 of individual charitable giving, and 50% of all charitable giving in America. The Study explores how, why, and to whom they give. The Study has now been conducted in 3 different years, during both economic upturns and downturns, so that there now exists baseline and comparative data.
- Planning for Life After Death: Laws of Succession vs. The New Biology
Presented by Joshua S. Rubenstein, J.D.
Summary: Most of us are accustomed to having relatively broad ability to control the disposition of our property following our deaths. It comes as a surprise how little ability we have to control the disposition of ourselves, and the uses to which we can be put, following our deaths. This session will examine the ability to control burial and the disposition of body parts, the posthumous use of our genetic material, inheritance by posthumously procreated individuals, and exhumation for the purpose of genetic testing.
- Estate Planning After The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010: Big Changes, But Still No Certainty; and Current Developments on the recent Florida Supreme Court case of Olmstead v. FTC
Presented by Howard M. Zaritsky, J.D., LL.M. and Lauren Y. Detzel, J.D
Summary: The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "2010 Act" establishes new rules governing the estates of individuals who died in 2010 and changes the landscape for estate planning going forward in 2011 and 2012. This portion of the presentation will discuss the new estate, gift and GST tax rules which apply for 2010, 2011 and 2012, the planning opportunities available under the 2010 Act, and the technical issues which remain unresolved under the 2010 Act. The presenters intend to leave ample time at the end of the presentation to respond to questions. Lauren Detzel will also discuss the planning implications arising from the recent Florida Supreme Court case of Olmstead v. FTC , which held that assets owned in a single-member LLC are not protected from the creditors of the individual member, and provide an update on various efforts for a legislative solution in response to Olmstead.
- The Buy-Sell Agreement: The Closely-Held Business' Most Important Legal Document
Presented by Howard M. Zaritsky, J.D., LL.M. and Lauren Y. Detzel, J.D.
Summary: This outline considers the key tax and nontax issues that must be addressed in planning to use a buy-sell agreement: (1) Where should one document the restrictions? (2) What types of transfers should be restricted? (3) How can one best assure favorable income tax treatment? (4) How best to fund the buy-out? (5) What are the estate, gift, and GST tax ramifications? (6) How should the agreement restrict competition by former owners? (7) How should the agreement change control from a strict one-share, one-vote regimen? (8) What special transactions should be covered in the agreement? (9) When is a covered opinion required by Circular 230? This outline is approximately 300 pages, and includes several forms.
- Some of the Best Estate Planning Ideas We See Out There (That Also Have the Merit of Playing Havoc with Certain "Conventional Wisdom")
Presented by Milford Hatcher, Jr., J.D., LL.M
Summary: Will discuss investment reasons why the passive investor may wish to utilize family limited partnerships; the use of private derivatives to shift wealth; the advantages of selling a family limited partnership interest to a grantor trust; defined value formula clauses; the possible use of a leveraged GRAT to facilitate GST planning; post mortem planning with note freeze partnership; the use of family limited partnerships and charitable remainder trusts; the leveraged buy-out charitable lead annuity trust; the leveraged reverse freeze family limited partnership; and the best ideas for allowing a client to be in control of a family limited partnership.
All Children's Hospital Campus Live Event
Offsite Locations via Webcast
Don't hesitate to contact us at 727-767-4199 if you have any questions. We look forward to seeing you at our next Seminar.
Check out our planned giving website at http://www.allkidsgifts.org/.
Information on the 11th Annual, 12th Annual, 13th and 14th Annual All Children's Hospital Estate, Tax, Legal and Financial Planning Seminars are still available. View them at www.allkids.org/seminar2009 www.allkids.org/seminar2010 www.allkids.org/seminar2011 and www.allkids.org/seminar2012 .