Each year, the Estate, Tax, Legal and Financial Planning Seminar provides up to seven hours of continuing education for attorneys, licensed insurance underwriters, certified public accountants, certified financial planners, bankers and trust officers.
The 21st annual seminar was held on Feb. 7, 2019, on the Johns Hopkins All Children’s main campus in St. Petersburg. This year’s seminar included presentations from national experts on recent developments in the legal and financial sectors.
View the brochure for more information on this year’s sessions and webcast information.
This year’s seminar topics include:
199A and the New Trust Regulations
Jonathan Blattmachr, J.D.
Blattmachr will review planning opportunities and traps for the unwary under the new IRC Section 199A rules, as well as related proposed and finalized regulations. He also will review issues related to irrevocable trust planning, including Section 199A issues, considerations for multiple trusts, IRC Section 643(f), and what may be done to save income taxes and assure flexibility in family planning situations for existing and future trust arrangements.
Trust and Estate Litigation: Planning Ahead for the Inevitable—a Primer for the Planner
Sandra D. Glazier, Esq.
In many ways, we’ve become a litigious society looking for instant gratification. When expectations don’t meet reality, disgruntled beneficiaries often look for someone to blame. Professionals who understand proactive steps to take during the engagement and planning process—as well as defensive measures to take when disputes arise—can add value to the service they provide to clients and their families. This presentation will cover ethical considerations when representing vulnerable adults, avoidable mistakes fiduciaries make, identifying and addressing undue influence, privilege considerations, and key provisions practitioners might consider including in their retainer agreements to proactively address some of these issues.
The Mathematics of Estate Planning
Jerome M. “Jerry” Hesch, Esq.
Hesch will cover the alphabet soup of estate planning: CRUTs, CRATs, QPRTs, GRATs, SCINs, CLATs and private annuities. His presentation will illustrate how mortality assumptions are determined, and how these mortality assumptions and the Section 1274(d) and the Section 7520 discount rates impact estate tax and income tax planning techniques. Some questions Hesch will explore include when a split interest trust should be for a fixed term or for life, and when to use an annuity trust or a unitrust. He will also demonstrate how simple numerical illustrations can effectively communicate these planning techniques in a way your clients and their families can understand.
Retirement Asset Planning, Including for First and Second Marriages: Let the Fun Begin
Christopher R. Hoyt, J.D.
Hoyt will provide an update on planning lifetime charitable gifts after the 2018 tax changes, and why lifetime charitable gifts from IRAs should be the main way that people over age 70½ make their charitable gifts. He also will cover the best ways for an estate planner to structure charitable bequests of retirement assets, the best strategies and most common problems estate planners encounter, and how to overcome challenges and achieve a positive tax outcome.
The Most Innovative Planning Ideas Today (That Don’t Involve Subchapter Kryptonite)
Paul S. Lee, J.D., LL.M.
Partnership income taxation (subchapter K) makes estate planners weep, but planning today for high net worth families and family businesses is all about saving income taxes and maximizing the increased applicable exclusion amounts. Lee will discuss the most innovative planning opportunities available today, some of which might require a FLP, FLLC, or disregarded entity, but don’t require any knowledge of partnership taxation.
2019 IRA and Retirement Planning Update
Ed Slott, CPA
The new tax rules are changing the retirement tax and estate planning for virtually every client. Slott will cover the best retirement tax planning strategies after tax reform, and how to identify the clients who will benefit most from these new planning ideas. He’ll cover several recent tax rule changes that were made through court and IRS rulings that have not been widely publicized but apply to all clients with retirement accounts. Find out the latest in the world of IRA tax planning so you can share this with clients who will be looking to you for guidance on making critical retirement decisions.
Resurgence of a Forgotten Problem for Family Limited Partnerships: Section 2036 (A)(2) and the Powell Case
Panel Discussion with Jerry Hesch and Jonathan Blattmachr, moderated by Alan Gassman, Esq.
The IRS recently notched important victories when taxpayers use family limited partnerships and limited liability companies by convincing the tax court to expand the application of Section 2036(a)(2). In fact, the use of Section 2036(a)(2) is so effective that it may pull assets back into the gross estate that were transferred using family entities even if no discounts were used or claimed. These decisions reset some 20 years of prior precedent, creating a potential trap for those left unaware. The tax court’s expanding application of Section 2036(a)(2) in the Strangi, Powell and Cahill court decisions has become the new weapon to attack family limited partnerships. The panel will address this trend and strategies to protect planning structures from the application of this new and evolving approach.
Registration or Credentialing
If you have questions about seminar registration or credentialing, please contact Jenna Felder at 727-767-3105 or email@example.com.
Corporate sponsorship opportunities are available. For information on sponsoring the seminar, please contact the Corporate Engagement Team at firstname.lastname@example.org.