Estate Planning in Depth
What You Will Learn
Presented at an advanced level and comprising 37 full hours of instruction, this annual course of study considers significant aspects of estate planning. This year’s areas of concentration include:
Audits and Controversies
Estate Planning for the Surviving Spouse
Ethics Problems for Estate Planners (90 minutes)
Fiduciary Principles of Trust Distributions, Investments, Adjustments, and Conversions
Flexible Dispositive and Administrative Provisions
Infusion of Even More Flexibility: Trust Protectors and Powers of Amendment
Fundamentals of Grantor Trusts
Funding of Education
Income Taxation of Outright Gifts, Nongrantor Trusts, Estates, and Beneficiaries
In-Depth Planning for the Charitable Deduction
Lifetime Wealth Transfer Strategies that Need Not Incur Liability for Transfer Tax
Planning for Asset Protection, Including the Effect of the 2005 Bankruptcy Act
Planning for Disabled and Elderly Persons
Planning for Second Homes
Premarital and Postmarital Agreements
Special Planning for Interests in Qualified Plans and IRAs
Tax Apportionment
Testamentary Wealth Transfer Strategies
The course features an optional Sunday afternoon overview session (at no additional charge) on wealth transfer taxation. The daytime sessions Monday through Friday are designed for lawyers with more than basic experience in estate planning. Practitioners lacking a foundation knowledge of trusts and estates or wealth transfer taxation or who have a limited background in estate planning may benefit by careful preparation for every session, but basic material is addressed in the classroom sessions only as necessary to provide background for advanced understanding of more complex matters. Time is reserved throughout the program to address registrants' questions.
Planning Chairs
Jerold I. Horn, Peoria, Illinois
M. Read Moore, McDermott Will & Emery, Chicago
Faculty
Theodore B. Atlass, Denver
Susan T. Bart, Sidley Austin LLP, Chicago
Stephanie Barkholz Casteel, King & Spalding LLP, Atlanta
Christopher P. Cline, Holland & Knight LLP, Portland, Oregon
Samuel A. Donaldson, Associate Professor of Law and Director, Graduate PROGRAM in Taxation, University of Washington School of Law, Seattle
William L.E. Dussault, Seattle
Wendy S. Goffe, Graham & Dunn PC, Seattle
Alvin J. Golden, Ikard & Golden, P.C., Austin, Texas
Lawrence P. Katzenstein, Thompson Coburn LLP, St. Louis
Jonathan C. Lurie, McDermott Will & Emery, Los Angeles
Malcolm A. Moore, Davis Wright Tremaine LLP, Seattle
Jeffrey N. Pennell, Richard H. Clark Professor of Law, Emory University School of Law, Atlanta
Kathleen R. Sherby, Bryan Cave LLP, St. Louis, Missouri
Program Schedule
Sunday, June 18, 2006
- 16 p.m. Early Registration, Wisconsin Law Alumni Association Student Commons, Second Floor, University of Wisconsin Law School, 975 Bascom Mall
- 2:00 p.m. Optional Session: Overview of Wealth Transfer Taxation — Professor Donaldson
- 3:45 p.m. Refreshment Break
- 4:00 p.m. Overview of Wealth Transfer Taxation (continued)
- 6:00 p.m. Adjournment for the Day
Monday, June 19, 2006
- 7:00 a.m. Registration and Continental Breakfast, Wisconsin Law Alumni Association Student Commons, Second Floor, University of Wisconsin Law School, 975 Bascom Mall
- 8:00 a.m. Introductory Remarks and Course Overview
- 8:15 a.m. Planning for Disabled and Elderly Persons — Mr. Dussault
- 9:45 a.m. Refreshment Break
- 10:00 a.m. Income Taxation of Outright Gifts, Nongrantor Trusts, Estates, and Beneficiaries: The System and Recent Developments — Mr. Atlass
- 12:00 noon Lunch Break
- 1:30 p.m. Fundamentals of Grantor Trusts — Professor Donaldson
- 3:00 p.m. Refreshment Break
- 3:15 p.m. Fiduciary Principles of Trust Distributions, Investments (Including the Prudent Investor Rule), Adjustments, and Conversions — Mr. Cline
- 5:30 p.m. Adjournment for the Day; Networking Reception for Registrants and Faculty
Tuesday, June 20, 2006
- 7:30 a.m. Continental Breakfast
- 8:00 a.m. Lifetime Wealth Transfer Strategies that Need Not Incur Liability for Transfer Tax: Grantor Trusts, GRATs, and Charitable Lead Trusts — Mr. Katzenstein
- 10:00 a.m. Refreshment Break
- 10:15 a.m. In-Depth Planning for the Charitable Deduction — Mr. Katzenstein
- 12:00 noon Lunch Break
- 1:30 p.m. Flexible Dispositive and Administrative Provisions: Choosing and Changing Powers, Interests, and Trustees, Including Drafting for Total Return — Mr. Horn
- 3:30 p.m. Refreshment Break
- 3:45 p.m. Infusion of Even More Flexibility: Trust Protectors and Powers of Amendment — Mr. Lurie
- 5:30 p.m. Adjournment for the Day
Wednesday, June 21, 2006
- 7:30 a.m. Continental Breakfast
- 8:00 a.m. Audits and Controversies — Mr. Lurie and Messrs. M. and R. Moore
- 9:45 a.m. Refreshment Break
- 10:00 a.m. Estate Planning for the Surviving Spouse — Mr. M. Moore
- 12:00 noon Lunch Break
- 1:30 p.m. Premarital and Postmarital Agreements — Ms. Casteel
- 3:15 p.m. Refreshment Break
- 3:30 p.m. Planning for Asset Protection, Including the Effect of the 2005 Bankruptcy Act — Mr. Golden
- 5:15 p.m. Adjournment for the Day
- 6:30 p.m. Picnic at Lake Mendota for Registrants and Faculty (included in course tuition)
Thursday, June 22, 2006
- 7:30 a.m. Continental Breakfast
- 8:00 a.m. Special Planning for Interests in Qualified Plans and IRAs — Ms. Sherby
- 9:45 a.m. Refreshment Break
- 10:00 a.m. Testamentary Wealth Transfer Strategies: Marital Deduction, Estate Tax Exemption, GST Exemption, and Credit for Transfers Previously Taxed — Professor Pennell
- 12:00 noon Lunch Break
- 1:30 p.m. Testamentary Wealth Transfer Strategies (continued)
- 2:30 p.m. Refreshment Break
- 2:45 p.m. Tax Apportionment — Professor Pennell
- 3:45 p.m. Refreshment Break
- 4:00 p.m. Ethics Problems for Estate Planners — Professor Pennell
- 5:30 p.m. Adjournment for the Day
Friday, June 23, 2006
- 7:30 a.m. Continental Breakfast
- 8:00 a.m. Planning for Second Homes — Ms. Goffe
- 9:45 a.m. Refreshment Break
- 10:00 a.m. Funding of Education— Ms. Bart
- 12:00 noon Adjournment
Total 60-minute hours of instruction: 37
Suggested Prerequisite: Experience in legal practice in the subject matter; knowledge of the tax and property laws involved in wealth transfers
Educational Objective: Acquisition of knowledge and skills to develop proficiency as an estate planner; maintenance of professional estate planning competence; provision of information on recent legal developments
Level of Instruction: Advanced
Here's what registrants have said about this course:
I have been coming to this seminar 6 times over the last 12 years and I was most impressed with the speakers this year.
This is the 4th time I have been here in the last 20 years. It has gotten more meaningful for me each time. Outlines and presenters have always been first rate. I appreciate the detailed work the presenters have put into their outlines.
I am most appreciative of the presenters giving their time and energy to teach. I feel that the course has taken my practice to another level—particularly with respect to how to spot the critical issues and regarding mind-set.
Facilities and presentation of course were seamless; the flow from one speaker to the next was flawless and all the details seem to have been well under control, e.g., sound, temperature, refreshments, materials, etc. All the things that make a seminar ‘work.’ Materials are exceptional. They’ll make an invaluable reference.
The outlines are fantastic. The materials were extremely well thought-out.
I traveled from Los Angeles to attend this course and it was well worth it.
I commend the new chairs for expanding the areas addressed in the presentations. Having new topics was both stimulating and beneficial from a practice standpoint. I especially enjoyed the give and take between speakers and audience. Madison, as always, is a great town and setting. I will be back.
I will definitely return—as I thought the arrangement of sessions was well thought out, and kept the interest level quite high.
I have enjoyed the course a great deal and gained knowledge in every session that I will be able to put into practice.
Really enjoyed myself, classroom was good, accommodations were good, Madison is beautiful, speakers were knowledgeable. Would come back.
Madison is a wonderful site.
This is my 4th year in a row and 6th overall (in 8 years), which says it all. Mr. Horn and Mr. Moore have in the last 2 years enhanced an outstanding program, keeping the quality of speakers high and bringing in fresh speakers and topics. This seminar is a jewel.
