56th Annual Program Short Course on Estate Planning
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Virtual Conference
Online Registration Closes January 25
Registrar: +1.972.244.3404
Fax: +1.972.244.3401
E-Mail: ccle@cailaw.org
Overview
This annual program is designed for the new lawyer, CPA, financial planner and trust officer whose primary career focus requires a thorough knowledge of complex estate and tax planning. It is also a great program for experienced lawyers wanting a refresher on planning for taxable estates. Be prepared for three intense days of lectures—this is a deep dive, not a forms course!
Co-Chairs
Michael V. Bourland
Bourland, Wall & Wenzel, P.C.
Darin N. Digby
Schoenbaum, Curphy & Scanlan, P.C.
Faculty
Stanley Johanson
The University of Texas School of Law
Stephen R. Akers
Bessemer Trust Company
Melissa J. Willms
Davis & Willms, PLLC
Megan C. Sanders
Bourland, Wall & Wenzel, P.C.
John K. Round
Clark Hill PLC
Kristin L. Brown
Davis Stephenson PLLC
Tuition
Registration includes the live virtual event, electronic materials, and a virtual social during the event. Course materials will only be provided electronically—we will not be doing printed materials binders this year.
Multiple Registrants from the same organization: Please contact Lisa for special pricing for tuition levels $650 and higher - lgaspar@cailaw.org or 972.244.3404.
Early registration pricing is available through January 15, 2021.
- $750 - Regular Registration Fee (Regular Price: $800)
- $650 - Government Employee (Regular Price: $700)
- $650 - Non-Profit Employee (Regular Price: $700)
- $650 - Academic Employee (Regular Price: $700)
- $400 - Attorneys, CFPs, CPAs, Paralegals and Trust Officers Licensed/Employed 3 Years or Less in This Practice Area (Regular Price: $450)
Schedule and Faculty
(All times shown are Central Time)
Wednesday, January 27
8:55 am
Overview Of Virtual Course & Platform
- Wendy Smith Castellana, The Center for American and International Law
9:00 am
Basic Principles And Strategies In Estate Planning (75 minutes)
Impact on your clients—and your practice—of the increase in estate and gift tax exemption to $11 million. Effect on planning for estates of “mere millionaires”—couples and individuals with projected estates of $4-10 million. Continued advantages of non-tax reasons for the use of trusts; increased importance of “new basis at death” rule and income tax issues. Overview of federal estate tax—gross estate inclusion rules, valuation issues as they relate to “new basis at death” rule.
- Professor Stanley M. Johanson, James A. Elkins Centennial Chair in Law
University Distinguished Teaching Professor
The University of Texas School of Law, Austin, Texas
10:15 am
Break
10:35 am
Basic Principles And Strategies In Estate Planning – Part II (75 minutes)
Overview of federal estate tax (continued) – charitable and marital deductions; community property considerations. Overview of federal gift tax; grantor trust rules; generation-skipping transfer tax; the concept of “income” in respect of a decedent.
- Professor Johanson
11:50 am
Break
12:05 pm
Basic Principles And Strategies In Estate Planning – Part III (45 minutes)
- Professor Johanson
12:50 pm
Lunch On Your Own
1:30 pm
Qualified Plan Benefits And IRAs In Estate Planning (75 minutes)
What the estate planner needs to know about qualified plans and individual retirement accounts, analysis of minimum distribution rules, review of strategies for commonly encountered planning situations, spousal rollover issues; coordination of qualified plan benefits and IRAs with QTIP marital deduction trusts.
- Professor Johanson
2:45 pm
Break
3:00 pm
Marital Deduction Planning & Portability (75 minutes)
Traditional marital deduction planning strategies and their various applications in the current estate planning environment; inter vivos and testamentary QTIP trusts and the QTIP election; portability and its impact on estate planning for spouses; anticipating conflict and other problems and potential drafting solutions.
- Kristin L. Brown, Davis Stephenson PLLC, Dallas, Texas
4:15 pm
Recess
Join us on Zoom 4:30 – 5:30 pm for a virtual networking reception!
Thursday, January 28
9:00 am
Estate Planning Ethics (Legal Ethics: 60 minutes)
Ethical issues and conflict of interest concerns in estate planning for multiple members of the same family, as well as for the family’s business interests; conflict of interest and confidentiality problems in planning for spouses, siblings, and other family members; client conflict letters and other documentation; malpractice concerns; quality control procedures; privity issues.
- Michael V. Bourland, Bourland, Wall & Wenzel, P.C., Fort Worth, Texas
- Darin N. Digby, Schoenbaum, Curphy & Scanlan, P.C., San Antonio, Texas
10:00 am
Break
10:15 am
Income Taxation Of Trustes And Estates (60 minutes)
Explore how income tax rules for individuals differ from those applicable to trusts and estates and how those rules can affect an estate plan, including strategies to implement. Learn the obligations of fiduciaries that arise as a result of someone’s death and how death creates unique income tax issues such as basis adjustment. Explore complex issues that estate planners need to know to help fiduciaries avoid income tax traps they may encounter when administering trusts and estates. Discover how language in governing documents and steps taken during administration can minimize unexpected income tax liabilities and secure special income tax planning benefits for decedents, trusts, and estates.
- Melissa J. Willms, Davis & Willms, PLLC, Houston, Texas
11:15 am
Break
11:30 am
Income Taxation Of Trusts And Estates – Part II (90 minutes)
- Ms. Willms
1:00 pm
Lunch On Your Own
1:30 pm
Primer On Charitable Planning (45 minutes)
America is the most charitable nation in the world. To aid the American philanthropic spirit, the Federal government provides certain tax incentives for donors. This presentation provides basic income, estate, gift and generation skipping transfer tax knowledge to equip practitioners to guide their clients in advantageously integrating charitable gift planning with estate planning.
- Megan C. Sanders, Bourland, Wall & Wenzel, P.C., Fort Worth, Texas
2:15 pm
Break
2:30 pm
Planning For The Family Business, Including Family Limited Partnerships (FLPS); Working With A Client Closing A Business Entity (45 minutes)
Estate and succession planning for a family business and its owners; ascertaining family attitudes toward wealth and the family business; development of planning objectives; determining whether a business should be sold or kept in the family; advantages of a charitable organization as a planning partner; tax and non-tax advantages of family limited partnerships; checklist of planning alternatives; case studies.
- Mr. Bourland
3:15 pm
Break
3:30 pm
Transfer Planning (90 minutes)
Lifetime estate planning transfers, especially transfers of property over which the donor wishes to maintain some control, including points to consider in designing donor-trusteed irrevocable trusts; practical planning ideas for removing appreciation from the estate by using GRATs and Intentionally Defective Grantor Trusts.
- Mr. Digby
5:00 pm
Recess
Friday, January 29
9:00 am
Hot Topics In Estate Planning (120 minutes)
A discussion of estate planning current developments that are of practical importance to estate planning practices.
- Stephen R. Akers, Bessemer Trust Company, Dallas, Texas
11:00 am
Break
11:15 am
Irrevocable Trusts With Emphasis On Life Insurance Planning (60 minutes)
Review of income, gift, and estate taxation of life insurance, use of irrevocable life insurance trusts to provide estate liquidity and to solve other common (and not so common) problems, “Crummey” clauses and the advantages and disadvantages of each, problems with poorly administered “Crummey” trusts and solutions to those trusts.
- John K. Round, Clark Hill Strasburger, Frisco, Texas
12:15 pm
Lunch On Your Own
12:45 pm
Gifting Techniques And An Overview Of The Generation-Skipping Transfer Tax (75 minutes)
What you need to know about the GST tax; how to make efficient use of GST exemption allocations; application and implementation of the various GST severance rules and late allocation rules; and an overview of some gifting techniques that incorporate basic GST tax planning considerations and strategies.
- Mr. Digby
2:00 pm
Break
2:15 pm
Generation-Skipping - Part II & Post-Mortem Planning (75 minutes)
An overview of tax planning issues to consider in administering estates, including disclaimers and selected income tax and estate tax issues.
- Mr. Digby
3:30 pm
Adjourn
Testimonials
- Great CLE conference. Great speakers & topics.
- Very knowledgeable speakers w/great materials
- Speakers were great - especially those with hard/dry topics (i.e. taxes) - Great review of recent legislative changes & how they apply
- I liked best "The more advanced nature of the topics"
2020 Conference Attendees
CE Credit
CLE Credit
Texas Course Number 174109882. This course has been approved for Minimum Continuing Legal Education credit by the State Bar of Texas Committee on MCLE in the amount of 17.75 credit hours, including 1.0 hour of ethics/professional responsibility credit.
If requested by attendees, CAIL will request accreditation in California, New Mexico, Ohio, Oklahoma, Pennsylvania and West Virginia. Some of these states may not approve a program for credit hours before the program occurs and the amount of credit granted may differ.
MCLE credit will not be requested in any other jurisdiction, but attendees may be able to obtain credit in other jurisdictions by self-applying for credit or through reciprocity rules. Our conferences are typically accredited by all mandatory CLE states, but MCLE rules, including rules governing online programs, vary in each jurisdiction. Certain programs, subjects, and formats may not receive credit in certain jurisdictions and there may be specific rules regarding who may earn credit or the maximum number of credit hours that may be earned with specific formats. Please review the MCLE regulations and rules of your jurisdiction and contact your regulatory entity if you have specific questions about the jurisdiction’s MCLE rules.
CPA Credit
We will not apply for CPE credit for this virtual conference.
Other Information
We will be using a third party platform to host the webinar/event. By registering for this event, your email address and personal information will be used by the webinar organizer to communicate with you about this event and other services.
Nondiscriminatory Policy
The Center for American and International Law does not discriminate on the basis of race, color, sex, religion, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other protected status in educational activities, scholarship programs or admissions.
Privacy Policy
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