Day 1: Monday, February 4, 2019
7:00am
Registration, Breakfast and Exhibits

8:00am
Opening Remarks

8:10am
U.S. Income Taxation of Beneficiaries of Foreign Trusts
M. Read Moore
Partner, McDermott Will & Emery
San Francisco, California
Differences in foreign trust law and trust administration outside of the U.S. often makes advising U.S. clients on the U.S. tax issues related to foreign trusts quite challenging. This presentation will address the significant U.S. income tax issues affecting U.S. settlors and beneficiaries of trusts administered outside the U.S., with an emphasis on how to handle the frequent conflicts which can arise.

9:10am
Understanding the Mechanics and Administration of Irrevocable Life Insurance Trusts
Colleen Barney, JD, LLM
Partner, Albrecht & Barney
Irvine, California
This presentation will focus on the proper mechanics of creating and administering irrevocable life insurance trusts (ILITs). Crummey Notices, premium payments, generation skipping transfer tax rules, and gift tax returns will be discussed. This presentation will also cover how to draft flexible ILITs, as well as deal with an ILIT that a client may no longer want.

10:10am
Break and Exhibits

10:30am
Charitable Planning under the Tax Cuts and Jobs Act
Lawrence P. Katzenstein, JD, ACTEC
Partner, Thompson Coburn
St. Louis, Missouri
This presentation focuses on a variety of charitable planning techniques and new developments. It will address charitable planning after the 2017 Tax Cuts and Jobs Act, changes in valuation of interests in income-only charitable remainder trusts (CRTs), early termination of CRTs, use of qualified contingencies in CRTs, and more.

11:30am
2019 Annual Estate, Gift and GST Tax Updates
Andrew M. Katzenstein, JD, ACTEC
Partner, Proskauer
Los Angeles, California
This annual presentation will cover the 2019 income, gift, estate, and generation skipping transfer tax planning. The presenter will also provide a comprehensive update on new legislation, rulings and cases that every practitioner needs to understand to protect the firm’s clients and practice.

12:30pm
Lunch Setup

12:45pm
Jon Gallo Memorial Presentation - A Judge's Way to Effectively Resolve Trust and Estate Disputes
Honorable James P. Gray (Ret.)
Mediator, ADR Services
Irvine, California
Disputes over money and assets that arise after a loved one dies can be difficult and destructive. This presentation will address the real issues at play when disputes arise. It will cover negotiation and settlement strategies to hopefully resolve the matter in a cost-effective manner through mediation as quickly as possible.

1:45pm
Helping Fiduciaries Deflect the Arrows Aimed at the Target on their Backs
Sandra D. Glazier, JD
Partner, Lipson Neilson
Bloomfield Hills, Michigan
This presentation will explore proactive and defensive actions that might be available to the fiduciary to protect them from liability in breaches of fiduciary duties related litigation. Understanding such options and defenses is also useful for drafting wills and trusts.

2:45pm
Break and Exhibits

3:05pm
New Strategies for New Times - Wealth and Tax Planning for High Net Worth Mexican Families
Enrique Hernandez-Pulido, MBA, LLD, LLM
Partner, Procopio
San Diego, California and Mexico
Learn about new defensive wealth planning and pre-immigration tax and estate strategies for high net worth Mexican families. Understand what may be expected after the recent Mexican presidential election and proposed tax law changes. Learn how to incorporate U.S. based strategies for holding Mexican assets.

4:05pm
Announcements

4:20pm
Piercing Asset Protection Trusts - Creditors' Rights, Tactics and Strategies
Jay D. Adkisson, JD
Partner, Riser Adkisson
Las Vegas, Nevada and Newport Beach, California
Creditors have their own tactics and strategies too, and rarely will attack an asset protection plan the way the planner hopes. This presentation discusses how creditors view and pursue judgment enforcement cases, including how they variously attempt to circumvent or disarm common asset protection tools.

5:20pm
Cocktail Reception

Day 2: Tuesday, February 5, 2019
7:30am
Refreshments and Exhibits

8:00am
Life Insurance as a Portfolio Stabilization Tool – Positive Impact on Portfolio Performance
Leigh Harter, CFP, ChFC, TEP
Managing Director, NFP Insurance Solutions
Chicago, Illinois
This presentation will discuss the unique tax advantages of life insurance and how these features can translate into positive portfolio performance. This presentation will also cover how and when to transfer a policy from an individual or business to a trust, child or business partner, how to account for the policy value at transfer, and when to request values from the insurance company.

9:00am
QSBS - The Quest for Quantum Exclusions (Queries, Qualms, and Qualifications)
Paul S. Lee, JD, LLM, ACTEC, TEP
Global Fiduciary Strategist, Northern Trust
New York, New York
Qualified Small Business Stock (QSBS) under IRC Section 1202 is not just for tech companies anymore. QSBS provides an exciting array of benefits for owners of new and pre-existing businesses. This presentation will discuss planning opportunities, pitfalls, and best practices when dealing with QSBS shareholders and entities that aspire to become QSBS companies.

10:00am
Break and Exhibits

10:20am
Announcements

10:25am
Is the U.S. the Last Bastion for the World’s Wealth?
Joseph A. Field, JD, TEP
Senior Counsel, Pillsbury
New York, New York
This presentation will discuss a darkening global political climate and the main reasons for the upsurge in U.S. investments by non- residents, including money coming from Asia, and particularly from China. It will also cover available investment products and structures for foreigners, as well as some of the issues raised by the recent U.S. tax law. And it will cover some of the new international issues of which U.S. practitioners ought to be aware.

11:25am
Secrets of Successful Families - Transferring Family Values with Wealth for a Lasting Legacy
Justin Miller, JD, LLM, CFP, ACTEC, TEP
National Wealth Strategist, BNY Mellon Wealth Management
San Francisco, California
This presentation will focus on the common characteristics of families who have successfully transferred their values, in addition to their wealth, to future generations. The presenter will provide examples of practical contemporary tax and estate planning techniques that have helped such families build lasting legacies and harmonious relationships.

12:25pm
Announcements

12:30pm
Lunch

1:30pm
The Hybrid Domestic Asset Protection Trust – Far Superior to a Regular DAPT
Steven J. Oshins, JD, AEP (Distinguished)
Partner, Oshins & Associates
Las Vegas, Nevada
This presenter will cover why, after more than twenty years of DAPTs, there still hasn’t been one case where a creditor broke into a DAPT in a non-bankruptcy, non-fraudulent situation. The presentation will discuss the benefits of a DAPT and will also illustrate why a Hybrid DAPT can be superior to a regular DAPT or a Foreign Asset Protection Trust.

2:30pm
Impact of the IRC Section 199A Deduction on Estate Planning
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished)
Partner, Keebler & Associates
Green Bay, Wisconsin
Understanding the planning opportunities under the new Section 199A 20% pass-through business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This presentation will explore the limitations of the 199A deduction and address how to design strategies that will help your clients optimize the deduction.

3:30pm
Drawing and Conclusion

 
 
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