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Continuing education credits have been applied for -
email Amy Savage for specifics in your area
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GENERAL INFO & CONFERENCE AGENDA
It would be an understatement to say that estate planning and estate administration are in flux. Congress stubbornly resists changes in the law which give any of us clear direction on how to proceed this year in a manner that addresses current needs of clients and what is likely to occur, if anything, before year-end. We cannot let this mean paralysis in our work with clients to keep them up-to-date, nor can we incur unreasonable costs to do planning this year and next. We have no choice but to administer 2010 estates, “whether we like the law or not!”
Ethics Session
9:00 – 10:00 AM Roy M. Adams
Ethics and Negligence in Daily Practice
Ethical misconduct rising to the level of negligence is an ever-present concern. Common sense is not so common in the application of ethical principles, either implemented by bar associations or the courts. Beware to the estate planner, who does not follow these important rules or stay current in what they require.
- Continuing obligations of attorneys after the representation ends.
- The new world of engagement letters.
- Implications from the retention of estate planning documents.
Session I
10:00 – 11:00 AM Roy M. Adams
Rivaling what Congress has not done, the courts have. Dramatic decisions on irrevocable life insurance trusts, trust protectors, gifts of present interests and 2010 tax reform capture an estate planner’s focus for the entire year and beyond.
- Tax court finds that Formula gifts to charity do not violate public policy.
- Court favors trustee action regarding administration of trust-owned life insurance policies.
- Appellate court reverses lower court and finds that trust protector may owe duties. Encounters of the worst kind in tax reform.
Session II
11:00 – 12:00 PM Christopher Hoyt
Bracing For Future Income Tax Increases
- An examination of the tax rate increases scheduled for 2011 and again in 2013 to fund health care
- An exploration of tax strategies such as large Roth IRA conversions in 2010, installment sales and charitable remainder trusts to avoid spikes in income
Lunch
12:00 – 1:00 PM
Session III
1:00 – 2:30 PM Christopher Hoyt
Defined Value Clauses, Disclaimers and Charitable Bequests Of IRAs
- Information estate planners can glean from the taxpayer victories in the defined-value cases of Petter and Christiansen, especially the advantages and hazards of making disclaimers to trusts and charities
- Simple steps an estate planner can take to easily navigate around legal landmines in selecting a retirement account as an asset for a charitable bequest
Question & Answers
2:30 – 3:00 PM Roy M. Adams & Christopher Hoyt
Conference Times
Pacific Time: 7 AM
Mountain Time: 8 AM
Central Time: 9 AM
Eastern Time 10 AM
Conference Location (map)
Minneapolis Convention Center
1301 2nd Ave S
Minneapolis, MN 55403
