Course Description
Master the intricacies of estate planning today and help your clients plan for tomorrow.
Help your clients save money and tears down the road - learn all the latest and most effective techniques for dealing with the uncertainty of estate planning in today's politically charged atmosphere. The estate tax may change, but your clients' peace of mind doesn't need to.
Give your clients the security they need by helping them through the sensitive but necessary steps of planning. Don't miss out - learn to navigate planning methods and tax-reducing strategies with ease at this cutting-edge seminar.
Who should attend?
This seminar is designed for attorneys, accountants, CPAs,
business owners and managers, presidents, vice presidents, financial and
estate planners, insurance professionals, bankers and trust officers.
Benefits for You
- Efficiently plan to avoid mishaps in estate administration
- Find out what you need to know about real estate transfer taxes
- Get updates on Michigan's Medicaid laws and requirements
- Learn tax advantaged techniques for transferring assets to future generations
Learning Objectives
- You will be able to review traditional and new planning techniques.
- You will be able to discuss estate and gift tax planning.
- You will be able to describe factors to be considered when using credit shelter trusts.
- You will be able to explain tax and estate planning issues related to residential real estate.
Agenda
8:00 AM - 8:30 AM |
Registration |
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8:30 AM - 9:50 AM |
Traditional and New Planning Techniques for the Orderly and Proper Transfer of Assets |
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— Ronald T. Charlebois, Esq. |
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- Estate Planning - An Overview
- Ownership of Property
- Lifetime Transfers and Transfers by Death
- Ancillary Arrangements
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9:50 AM - 10:00 AM |
Break |
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10:00 AM - 11:20 AM |
Estate and Gift Tax Planning: Basic Concepts and Planning Implications |
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— Thomas H. Bergh |
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- What Is the Law Now, and What Is on the Horizon?
- Best Utilization of the Estate Tax Charitable Deduction
- The IRS Audit Process: Implications for Planning and Drafting
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Emerging Issues |
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- Estate Planning for Same Sex Couples
- Continuing Trusts for Management and Asset Protection Purposes
- Who Should Be the Trustee?
- Planning and Drafting in Anticipation of Potential Challenges
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11:20 AM - 12:20 PM |
Lunch (On Your Own) |
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12:20 PM - 1:40 PM |
Factors to Be Considered When Determining Whether to Use Credit Shelter Trusts in This New Era of Portability |
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— Linda Davis Friedland |
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- Estate Tax Exemption, Gift Tax Exemption, and Generation Skipping Tax Exemption
- Exemptions Increased by an Inflation Index Each Year
- Portability – How to Preserve the DSUEA
- The Costs of Administering a Credit Shelter Trust
- The Nontax Advantages Afforded by the Use of a Credit Shelter Trust
- Gifting Plans in Place
- Whether the Settlor or Settlor's Spouse Is a Non-U.S. Citizen
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Conduit Trusts as Beneficiaries to Retirement Assets |
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- Consequences of Cashing in a Qualified Retirement Account
- Look-Through Rules
- Names of Retirement Asset Subtrusts
- Conduit vs. Accumulation Trusts
- Mechanics of Naming a Conduit or Accumulation Trust as a Beneficiary
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1:40 PM - 3:00 PM |
Tax and Estate Planning Issues Related to Residential Real Estate |
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— Judy Fertel Layne |
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- Tax Issues
- Re-Assessment of Taxable Value of Real Property Upon Transfer
- Transfer of Residence Real Estate to Relative Within One Degree of Affinity
- Homestead Exemption
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Dealing With Family Cottage and Other Heirloom Real Estate |
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- Costs and Benefits of Holding Property in an Entity
- Operating Agreement Provisions
- Payment of Expenses
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3:00 PM - 3:10 PM |
Break |
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3:10 PM - 4:30 PM |
Riding the Wave – Challenges and Opportunities With Aging Clients |
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— Norman E. "Gene" Richards |
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- Special Concerns: Ethical Issues and Professional Responsibility
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Senior Adults: Planning for Critical Transitions |
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- Anticipating Loss of Independence
- Financing Long-Term Care With Medicaid and VA
- Estate Planning Strategies for Aging Clients
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