Exposes the terms or language that practitioners who draft trust documents don’t always consider that can make it very hard for fiduciaries to enforce the grantor’s wishes.

Considers the latest best practices—as well as the family dynamics issues and tax considerations—for dealing with families who are thinking about selling their businesses.

Steps planners through requirements for quid pro quo (QPQ) gifts—payment made partly as a contribution and partly in consideration for goods or services—and the special rules regarding tax deductions.

Uncovers the emotional issues, testamentary plan structure, titling considerations and lifetime gifting issues around tangible property—and the high-level challenges when trying to plan for it.

Reviews the best investment strategies—and legal principles—for trustees to consider and follow when looking to balance various factors to carry out the trust purpose in the best interests of its beneficiaries.

Explains how the 30% of adjusted gross income limit on gifts of appreciated assets affects appraisals—and why for real estate, art or other property, it’s important to carefully manage the process of appraisal.

Discusses factors to consider when helping client trying to plan an estate determine dispositive provisions of a will or revocable trust issue—and whether they should be equal for fair.

Reveals the selling options and issues, due diligence concerns and types of appraisals—along with fiduciary responsibilities—that trustees and executors need to be thinking about in the new environment.

Presents practical tools for how family enterprises—small and large family businesses and family offices—can learn from experiences of recovery from other traumatic events in a post-COVID world.

Offers an overview of the new rules brought about by the SECURE Act—and provides practitioners with action to take and suggestions on how to help clients plan for retirement given the changes made by the law.

Explores the many technological changes affecting estate planning practices sped on by the coronavirus designed to facilitate better client interactions, better management and more efficient research and drafting.

Provides an overview of the best estate-planning strategies from a state and trust situs perspective, as well as from a federal standpoint, based on possible upcoming changes in the tax laws.

As wealth planning continues to evolve, there are new opportunities to encourage and promote a more diverse and inclusive workforce that will allow you to better develop people and ideas and ensure your company’s continued growth. Our panel of experts will discuss innovative and effective approaches for embracing diversity and inclusion in your office—as well as in the estate-planning documents you prepare for your clients.

In June 2020, top IRS officials announced a renewed examination focus on the business, charitable and personal enterprises of HNW taxpayers. During this session our team of experts will review what to typically expect in these audits and discuss ideas for how to advise clients in preparation for a Wealth Squad examination that involves the complex financial lives of sophisticated modern taxpayers. And outline best practices that may provide benefits regardless of whether an audit is initiated.

In December’s spending bill, Congress included a significant change to the interest rate assumptions underlying Internal Revenue Code 7702. Our expert panel will explain how this and proposed future tax law changes will impact Private Placement Life Insurance (PPLI) and other forms of permanent life insurance.

Senator Elizabeth Warren, along with others, have proposed a new wealth tax on ultra-high-net-worth individuals. And some states, such as California, New York and New Jersey, are also considering imposing such a tax. What will this mean for your clients, and what can they do now to prepare for such a tax? During this session, we’ll discuss the various possibilities—as explore some other key taxes that may be imposed to raise revenue.

Most states tax a resident trust on all its income and tax a nonresident trust on income sourced to that state. Practitioners need to take these taxes into account when preparing estate plans for their clients. Join us as we review the latest cases, statutes and proposals regarding the state income taxation of trusts.

Our expert panel discusses some of the proposals President Biden may implement (including reduction of the estate tax exemption, and repeal of the Tax Cuts and Jobs Act) and how clients should prepare for that now.