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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
Coping With Change: Like It Or Not
Change is a much used word in the tax field, but rightfully so. Certainly, what is happening now falls into the category of some of the greatest changes we have ever witnessed in the trusts and estates field. Not only, is the upheaval going to be caused by tax legislation probably completed this year, but the word from the courts, the regulations, and the rulings or their equivalents is equally fierce in its impact upon what we do.
Ethics Session
9:00 – 10:00 AM Roy M. Adams
Fiduciary Liability – Ethics and All That
- Exoneration provisions violate public policy.
- Retention of assets – still a prickly pear.
Session I
10:00 – 12:00 PM Roy M. Adams
The Big Bang!
In the universe of estate planning, what is going on about us is truly the equivalent of the Big Bang theory as it pertains to the World’s origination. New rules, coming from Regs and new laws push us to understand not only what was done in the past is more important than ever, but what we will do in the future truly represents fundamental change.
- Legislative proposals concerning the estate, gift and generation-skipping transfer tax system.
- The $3,500,000 Federal exemption and its implications for planning, including state death tax variations.
- Valuation issues, particularly the Alternate Valuation Date and valuation penalties.
- Our old friend, Section 2036, with final regulations.
- Cases that sting!
To "FLOP" or Not...
Is the climate now improving for certain Family Limited Partnerships, or is improvement too frail to be trusted?
- Family Limited Partnerships and Limited Liability Companies – a blend of the old and the new.
Lunch
12:00 – 12:45 PM
Session II
12:50 – 3:00 PM Christopher Hoyt
How To Do Your Roth IRA Conversion in 2010
- In 2010, wealthy individuals will finally be able convert regular IRAs, 401(k) accounts and 403(b) accounts to Roth IRAs without any income limitation. How is it done? Should it be done?
- A summary of the rules for 2010, including deferring income into 2011 and 2012 from the Roth IRA conversion
- If investments fluctuate during 2010, how can a Roth IRA conversion be undone and what are the implications?
- A summary of other recent developments involving retirement plan distributions, including challenges and solutions from charitable bequests of retirement plan assets.
3:00 – 3:45 PM Roy M. Adams & Christopher Hoyt
Charitable Uproar
(There is a right and wrong way to do everything.)
- Effect of unrelated business taxable income on charitable remainder trusts -- new rules.
- IRA charitable rollover extended.
- Charitable deduction of donated stock reduced because of future consolidation.
- Estate tax charitable deduction denied despite reformation of trust -- watch the date.
Question & Answers
3:45 – 4:00 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
