Other Programs

57th Annual Program: Short Course on Estate Planning

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Virtual Conference

Past Event

MCLE Credit available

Details for connecting to the conference will be sent by January 21. If you registered but have not received a link to participate by January 25, please email Lisa Browning.


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! 

Update: We have pivoted to a virtual instead of in-person event—check out the new tuition pricing and plan to join us online!

The 2022 course is chaired by Mike Bourland (Bourland, Wall & Wenzel, P.C.) and Darin Digby (Schoenbaum, Curphy & Scanlan, P.C.) and features Professor Stanley M. Johanson (The University of Texas School of Law), Stephen R. Akers (Bessemer Trust Company), Megan C. Sanders (Bourland, Wall & Wenzel, P.C.), John K. Round (Clark Hill PLC), Kristin L. Brown (Davis Stephenson, PLLC), and Arielle M. Prangner (Davis & Willms, PLLC).

As Professor Johanson says: “What makes this program so unique and useful is that it takes a one-of-a-kind comprehensive look at the "basics" of estate planning. I have always believed - and I continue to believe - that it is a "must attend" program for the new lawyer, CPA, financial planner, and trust officer whose primary career focus requires a thorough knowledge of estate planning.”

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

Megan C. Sanders
Bourland, Wall & Wenzel, P.C.

John K. Round
Steptoe & Johnson PLLC

Kristin L. Brown
Davis Stephenson PLLC

Arielle M. Prangner
Davis & Willms, 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 exceeding $650 - lgaspar@cailaw.org or 972.244.3404.

Registration closes on Monday, January 24, 2022.

  • $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

Wednesday, January 26

(All times shown are Central Time)

8:55 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

10:15 BREAK

10:35 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

11:50 BREAK

12:05 QUALIFIED PLAN BENEFITS AND IRAS IN ESTATE PLANNING – PART II

12:50 LUNCH ON YOUR OWN

1:30 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

2:45 BREAK

3:00 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

4:15 RECESS

Join us on Zoom 4:30 – 5:30 p.m. for a virtual networking reception!

Thursday, January 27

9:00 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

10:00 BREAK

10:15 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

11:00 BREAK

11:15 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

12:15  LUNCH ON YOUR OWN

12:45 INCOME TAXATION OF TRUSTS AND ESTATES – PART II


Ms. Prangner

2:15 BREAK

2:30 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

3:15 BREAK

3:30 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

5:00 RECESS

Friday, January 28

9:00 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

10:45 BREAK

11:00 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

12:15 LUNCH ON YOUR OWN

12:45 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

2:00 BREAK

2:15 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

3:30 ADJOURN

CLE Credit

This program is approved by the State Bar of Texas for a total of 17.75 hours, including 1 hour of ethics. Course ID Number: 174143844. Credit hours for other states will vary and are subject to each state’s approval and credit rounding rules.

For this conference, CAIL will directly apply (if requested) for course accreditation in the following states: California, New Mexico, Ohio, Oklahoma, Pennsylvania, Texas and Virginia. Some of these states may not approve a program for credit hours before the program occurs. Attorneys may be eligible to receive CLE credit through reciprocity or attorney self-submission in other states. Attorneys filing by self-submission in certain states may be required to pay an additional fee. CAIL conferences are typically accredited by all mandatory CLE states.

Specialization Credit: This program is approved by the Texas Board of Legal Specialization for 17.75 hours in the following areas: Estate Planning and Probate Law

CPE Credit


We will not apply for CPA Credit (CPE credit) for this virtual conference.

Testimonials

What Participants Liked Best About The 2021 Virtual Program 

  • The complexity of the subject matter and GREAT materials. Many times the topics were way over my head in complexity and it was hard to keep up with the pace of the speaker. But that is what made this good. I know I need to study and have the materials to do so.
  • Clear explanations on complex topics
  • Informative
  • Speakers and content were excellent!
2021 Virtual Program Attendees

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