12th Annual Estate, Tax, Legal & Financial Planning Seminar
Please click the titles of the presentations below to view the webcast of that session from the 12th Annual Estate, Tax, Legal and Financial Planning Seminar which was held on February 10, 2010. There is no cost to view the seminar, please watch as many times as you like and forward to a friend. We are also pleased to offer the complete Desk Reference Manual for $60 plus shipping. Please contact Lydia Bailey at 727-767-4199, if you would like to receive a copy of this 700 page, 3 ring binder with our speaker's materials.
Note: A recording of the seminar is NOT approved or accepted for continuing education credits.
Summary of Speaker's Presentations:
- Session 1: Integrating Charitable and Estate Planning
Turney P. Berry, J.D.
Mr. Berry discussed new and interesting planning ideas that benefit both charitable and non-charitable beneficiaries, including CLATS, remainder interest transfers, and gifts of business interests. Thinking about how to create a comprehensive plan that matches goals, strategies, and the appropriate charitable entity was the goal of this session.
- Session 2: Planning Through Death: Family Limited Partnerships are Alive and Kicking
- Session 3: Continuation of Planning Through Death: Family Limited Partnership are Alive and Kicking
Stephanie Loomis-Price, J.D.
This session provided practical tips with some discussion on recent developments in audits and case law related to family limited partnerships. Topics addressed included: Determining when it is not feasible to create a partnership, Optimizing partnership formation to avoid IRS attacks, Advising clients on proper entity operation, Defending transfers of interests in closely held entities in audits and Protecting and asserting privileges throughout the process.
- Session 4: Practical and Effective Uses of Grantor Trusts, Installment Sales, Private Annuities, and Sometimes Expected Consequences
Jerome M. Hesch, M.B.A., J.D.
The presentation provided examples of the application of effective uses for irrevocable grantor trusts, including interest rate planning, GST planning, discount strategies, planning for grantors who may want the trust to pay some taxes in the future, innovative techniques to enhance the effectiveness of installment and annuity sales, planning for future unwinding of unsuccessful freezes and tax and practical traps for the unwary.
- Session 5: Trusts and Strategies for Public Benefits Special Needs Planning 2010
Charles S. Robinson
This presentation discussed planning opportunities when your client is faced with catastrophic care costs as a result of chronic illness such as Alzheimer's, Parkinson's, stroke or has a disability. We discussed strategies and suggested documents to reduce stress and protect some or all of the family's life savings. The lecture included strategies to qualify for VA and Medicaid benefits and the special challenges involved in planning for a blended family with an ill or disabled spouse. The speaker covered first party and third party Special Needs Trusts including trusts for the ill or disabled spouse.
- Session 6: Recent Wealth Transfer Developments
- Session 7: Continuation of Recent Wealth Transfer Developments
Professor Jeffrey N. Pennell, J.D.
Professor Pennell explored current cases, legislation, regulations, and rulings of significance to estate planners with an eye to their practical significance to everyday planning and drafting. Audience participation was encouraged and the session sought to extrapolate from the law as it is developing to situations that have not yet tested the boundaries of the law.
The conference was presented at the following locations:
Don't hesitate to contact us at 727-767-4199 if you have any questions.
Check out our planned giving website at http://www.allkidsgifts.org/.
Information on the 11th Annual All Children's Hospital Estate, Tax, Legal and Financial Planning Seminar which took place on February 12, 2009, is still available at www.allkids.org/seminar2009.
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