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Recorded Event: 57th Annual Program: Short Course on Estate Planning

Recorded Event

Registration Open

Please allow 1 business day to process your registration. If you registered but did not receive a link, please email CCLE.


TX MCLE Credit Available

ILT: +1.972.244.3410
Fax: +1.972.244.3401
E-Mail: ccle@cailaw.org

Overview

Missed our virtual conference January 26–28, 2022, the 57th Annual Program: Short Course on Estate Planning? The presentations were recorded and will be made available to view online for a limited time!

  • This virtual event consists of three intense days of lectures—this is a deep dive, not a forms course!
  • Under the leadership of Mike Bourland and Darin Digby, and featuring Estate Planning legend Professor Stanley Johanson and a stellar faculty, this annual program explores practical legal issues that confront estate planners.
  • 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.
  • Texas CLE available!

Details for connecting to the recording will be sent shortly after you register. Please allow 1 business day to process your registration. If you registered but did not receive a link, please email CCLE

Before registering for the Recorded Program, please read this note:

Thank you for your interest in our Recorded Program on Estate Planning. The recordings are from our 57th Annual Program: Short Course on Estate Planning; it was offered as a virtual conference January 26–28, 2022. You should understand that some of the cases discussed in the Program and Program materials may have been modified or even overruled by now. The course, like all CLE programs, should not be used as a basis for legal advice without doing the research yourself.

! Note that only Texas CLE credit is available and that accreditation for this course will expire. You must complete the course and report your MCLE credit to the State Bar of Texas on or before March 31, 2023 to receive credit.

Conference Co-Chairs

Michael V. Bourland
Bourland, Wall & Wenzel, P.C.

Darin N. Digby
Schoenbaum, Curphy & Scanlan, P.C.

Tuition

Recorded Program Fee – Includes online access to the program materials and videos.

Multiple Registrants from the same organization: Please contact Krishonne for special pricing for tuition levels $650 and higher - kjohnson@cailaw.org or 972.244.3403.

  • $750- Regular Registration Fee
  • $650 - Government Employee
  • $650 - Non-Profit Employee
  • $650 - Academic Employee
  • $400 - Attorneys, CFPs, CPAs, Paralegals and Trust Officers Licensed or Employed 3 Years or Less in This Practice Area

Schedule and Faculty

BASIC PRINCIPLES AND STRATEGIES IN ESTATE PLANNING

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 $12 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


BASIC PRINCIPLES AND STRATEGIES IN ESTATE PLANNING – PART II & QUALIFIED PLAN BENEFITS AND IRAS IN ESTATE PLANNING

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


QUALIFIED PLAN BENEFITS AND IRAS IN ESTATE PLANNING – PART II


QUALIFIED PLAN BENEFITS AND IRAS IN ESTATE PLANNING - PART III

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


MARITAL DEDUCTION PLANNING & PORTABILITY

Basic Strategies and current problem areas in estate planning for spouses, QTIP trusts and the QTIP election, drafting problems and their solutions. Analysis of types of marital deduction formula clauses (true worth, minimum worth, fairly representative) and advantages and disadvantages of each, discussion of fractional share clauses and comparison with pecuniary formulas. How portability has impacted marital deduction planning and its problems and benefits.

Kristin L. Brown, Davis Stephenson PLLC, Dallas, Texas


ESTATE PLANNING ETHICS

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

PRIMER ON CHARITABLE PLANNING

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


INCOME TAXATION OF TRUSTS AND ESTATES

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.

Arielle M. Prangner, Davis & Willms, PLLC, Houston, Texas


INCOME TAXATION OF TRUSTS AND ESTATES – PART II


Ms. Prangner


PLANNING FOR THE FAMILY BUSINESS, INCLUDING FAMILY LIMITED PARTNERSHIPS (FLPS); WORKING WITH A CLIENT CLOSING A BUSINESS ENTITY

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


TRANSFER PLANNING

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


HOT TOPICS IN ESTATE PLANNING

A discussion of estate planning current developments that are of practical importance to estate planning practices.

Stephen R. Akers, Bessemer Trust Company, Dallas, Texas


IRREVOCABLE TRUSTS WITH EMPHASIS ON LIFE INSURANCE PLANNING

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, Steptoe & Johnson PLLC, Plano, Texas


GIFTING TECHNIQUES AND AN OVERVIEW OF THE GENERATION-SKIPPING TRANSFER TAX

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


OVERVIEW OF THE GENERATION-SKIPPING TRANSFER TAX – PART II & POST-MORTEM PLANNING

An overview of tax planning issues to consider in administering estates, including disclaimers and selected income tax and estate tax issues.

Mr. Digby

Texas CLE Credit

This program is approved by the State Bar of Texas for a total of 17.75 hours, of which 1 credit hour will apply to ethics/professional responsibility credit.

! Note that Texas CLE credit accreditation for this course will expire. You must complete the course and report your MCLE credit to the State Bar of Texas on or before March 31, 2023 to receive credit.

The Center for American and International Law (CAIL) will not be filing this course with any state or country CLE/CPD organization apart from the State Bar of Texas.

Although attendees may be able to request MCLE credit directly in additional jurisdictions, the rules 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.

Testimonials

2022 Conference Attendees (Live Virtual Event) liked best:

  • “The caliber of content was great. It was like a law school class that I never took!”
  • “I have so much material to follow up on. My course materials will be a great resource as the things I learned start to have relevance in my practice.”
  • “There was a broad range of topics so that every estate planner was able to learn something that is specifically useful to their practice. Also, the outlines and PowerPoints were awesome and ensures that I will be able to understand a concept later when it comes up in practice.”
  • “Great content, great speakers, virtual was great option”

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