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:
Annual Exclusion Gift Planning
Coordination of Estate Plans and Governance of Closely-Held Businesses
Estate Planning for Noncitizens Who Reside in the United States
Ethics Issues for Estate Planners (1.5 hours)
Fiduciary Principles of Trust Distributions, Investments, Adjustments, and Conversions
Flexible Dispositive and Administrative Provisions
Generation-Skipping Transfer Tax Issues
Income Taxation of Outright Gifts, Nongrantor Trusts, Estates, and Beneficiaries
Lifetime Wealth Transfer Strategies that Need Not Incur Liability for Transfer Tax
Planning for Asset Protection
Planning for Disabled and Elderly Persons
Planning for Interests in Qualified Plans and IRAs
Planning for the Charitable Deduction
Planning with Limited Partnerships
Postmortem Planning
Sales to Grantor Trusts with and without Freeze Partnerships
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
Christopher P. Cline, Holland & Knight LLP, Portland, Oregon
Samuel A. Donaldson, Associate Professor of Law and Director, Graduate in Taxation, University of Washington School of Law, Seattle
William L.E. Dussault, Dussault Law Group, Seattle
Milford B. Hatcher, Jr., Jones Day, Atlanta
Nancy G. Henderson, Henderson & Caverly LLP, Rancho Santa Fe, California
Emily V. Karr, Stoel Rives LLP, Portland, Oregon
Lawrence P. Katzenstein, Thompson Coburn LLP, St. Louis
Julie K. Kwon, McDermott Will & Emery LLP, Chicago
David T. Lewis, Moore & Van Allen PLLC, Charlotte, North Carolina
Jonathan C. Lurie, McDermott Will & Emery, Los Angeles
Malcolm A. Moore, Davis Wright Tremaine LLP, Seattle
Duncan E. Osborne, Osborne, Helman, Knebel & Deleery, L.L.P., Austin, Texas
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 17, 2007
- 1 - 6 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 18, 2007
- 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 - Professor Donaldson
- 12:00 noon Lunch Break
- 1:30 p.m. Sales to Grantor Trusts with and without Freeze Partnerships - Mr. Hatcher
- 3:15 p.m. Refreshment Break
- 3:30 p.m.Estate Planning for Noncitizens Who Reside in the United States - Ms. Karr and Mr. Read Moore
- 5:15 p.m. Adjournment for the Day; Networking Reception for Registrants and Faculty
TUESDAY, JUNE 19, 2007
- 7:30 a.m. Continental Breakfast
- 8:00 a.m. Annual Exclusion Gift Planning - Ms.Henderson
- 9:45 a.m. Refreshment Break
- 10:00 a.m. Fiduciary Principles of Trust Distributions, Investments (Including the Prudent Investor Rule), Adjustments, and Conversions - Mr. Cline
- 12:00 noon Lunch Break
- 1:30 p.m. Generation-Skipping Transfer Tax Issues - Ms. Kwon
- 3:15 p.m. Refreshment Break
- 3:30 p.m. Planning with Limited Partnerships: A Critique - Mr. Lewis
- 5:30 p.m. Adjournment for the Day
WEDNESDAY, JUNE 20, 2007
- 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. Planning for Asset Protection - Mr. Osborne
- 5:30 p.m. Adjournment for the Day
- 6:30 p.m. Picnic at Lake Mendota for Registrants and Faculty (included in course tuition)
THURSDAY, JUNE 21, 2007
- 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 Issues for Estate Planners - Professor Pennell
- 5:30 p.m. Adjournment for the Day
FRIDAY, JUNE 22, 2007
- 7:30 a.m. Continental Breakfast
- 8:00 a.m. Postmortem Planning - Mr. Malcolm Moore
- 9:45 a.m. Refreshment Break
- 10:00 a.m. Coordination of Estate Plans and Governance of Closely-Held Businesses- Messrs. Lurie and Read Moore
- 12:00 noon Adjournment
Total 60-minute hours of instruction: 37, including 1.5 hours of ethics
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:
It was a fantastic course and I enjoyed every minute of it. It exceeded my expectations in every conceivable way.
Program was great-speakers were extremely well prepared and their materials extremely thorough. Liked the variety of subjects-a lot of information to take home and use later on. It is amazing how much of the presentations and materials related to current issues in my practice. Madison is a wonderful setting. The university food was super!
The materials were comprehensive and well-written. I was also impressed by the number of participants who traveled far distances to be here. I enjoyed meeting practitioners from all over the country. The Madison location is wonderful. I would definitely attend this seminar again.
Good variety of topics. Madison is fantastic.
I was very impressed-excellent speakers and great coverage of the topics. As a new attorney, I'm taking a great amount of information away with me.
The speakers are terrific. I would attend again. Thanks for a well run seminar!
