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Integrated Estate Planning: “The Advanced Course”

advanced legal training institute presents…

INTEGRATED ESTATE PLANNING SEMINAR SERIES I-IV
Seminar II: “The Advanced Course”

Seminar Title: Integrated Estate Planning Seminar Series I-IV:

  • Seminar I: The Basic Course
  • Seminar II: The Advanced Course
  • Seminar III: Trust Administration
  • Seminar IV: End-of-Life Planning: Living Wills, Medical Directives, Conservatorships, Special Needs Trusts & Preserving a Client’s Legacy

Overview of Seminar
Integrated Estate Planning Seminar Series:
Seminar II: “The Advanced Course”

This seminar is devoted to covering the more sophisticated methods involved with complicated estate planning. Each participant will learn how to design, draft and implement creative solutions to meet a clients more complex estate planning objectives and learn how to avoid costly errors and omissions. This course will focus on sophisticated techniques, concepts and principals associated with wills, trusts, durable powers of attorney, life insurance, annuity and employee benefit beneficiary designations, medical directives and living wills. “The Advanced Course” focuses on more sophisticated estate-planning techniques, such as:

  • Dynasty Trusts
  • Grantor Trusts and Variations (including GRATS)
  • Advanced Planning with Charitable Remainder Trusts
  • Limited Family Partnerships
  • Family Business Succession Planning

Agenda & Course Outline
Integrated Estate Planning Seminar Series:
Seminar II: “The Advanced Course”

I. Updating the Foundation Plan

  • Welcome, Introduction & Overview
  • Considering the Disclaimer Trust
  • Restructuring the Exemption Trust
  • Effectively Using Powers of Appointment
  • Insuring Assets are Subject to the Trust

II. The Tax Objectives of Advanced Estate Planning

  • Income Tax Objectives
  • Income Splitting
  • Deferring Realization and Recognition of Capital Gain
  • Income tax “neutral transactions”
  • Tax free accumulation and compounding of income
  • Gift Tax objectives
  • Utilization of the IRC 2503 Exclusions
  • Leveraging the $1,000,000 federal gift tax exemption
  • Preventing a taxable gift by using “bona fide” transactions
  • Filing federal gift tax returns
  • Federal Estate Tax Objections
  • Preventing Includibility in a Decedent’s Estate
  • Dealing with the IRC 2036 Issue
  • Generation Skipping Tax Planning
  • Maximizing the Use of the GST Exemption
  • Preventing the Incidence of a GST Taxable Event
  • California Real Property Tax Issues
  • Inter Spousal transfers
  • Transfers to and from entities
  • Parent Child Exclusion

III. Irrevocable Life Insurance Trusts

  • Variations: Spousal vs. Trusts for Issue
  • Types of Life Insurance Policies
  • Trusteeship
  • Avoiding Inclusion in the Insured’s Taxable Estate
  • Drafting Effective Crummy Powers
  • Avoiding GST Issues
  • Special Provisions Relating to Life Insurance

IV. The Sale to and Intentionally “Defective” Trust Transaction

  • Explanation of the Income and Transfer Tax Benefits
  • “Seed Money” and Loan Guarantees
  • Generation Skipping Tax Issues
  • The Zero Tax Buyout
  • Use the SCINs and Private Annuities
  • Continuation of the Trust as a Grantor Trust after the Note Term
  • Tax Reimbursement Clauses
  • Grantor Powers

V. Family Limited Partnerships

  • Comparing Family Limited Partnerships and Limited Liability Companies
  • The 10% Rule
  • Compared to Other Freeze Transactions
  • Structuring and Drafting
  • Current Valuation Techniques
  • The IRS 2036 Challenge

VI. Charitable Remainder Trusts and Private Foundations

  • Examples of Calculations
  • Inter Vivos vs. Testamentary
  • Use of the 50% 10% rules
  • Short Term CRTs
  • Use in Sec. 1374 Situations
  • UBIT and Private Foundation Issues
  • NIMCRUTs
  • Wealth Replacement

VII. Dynasty Trusts

  • Planning considerations
  • The Issue of Jurisdiction
  • Structuring the Trust Relative to the rule of perpetuities
  • Discretionary Income and Principal provisions
  • Specialized Investment Provisions
  • Powers of Appointment
  • The Trust Protector Concept

VIII. GRATS, GRUTS and QPRTs

  • IRC 2702
  • Planning the Trust
  • Determining the Appropriate Trust Term
  • Using Term Life Insurance as a Hedge
  • Analysis of the Walton Case
  • IRS Position
  • Use of the 120% Rule on GRAT Payments
  • Drafting the GRAT
  • Result on Death of the Grantor at any Time
  • Analysis of the Benefits and Risks
  • Profile of Appropriate Client

AudioCD Descriptions
Integrated Estate Planning Seminar Series: Seminar II: “The Advanced Course”

CD/1 – Updating the Basic Foundation Estate Plan & Reviewing the Tax Objectives

  • The Importance of Revisiting & Reviewing Your Client’s Assets & Portfolio Annually
  • Considering the Disclaimer Trust, Restructuring the Exemption Trust, Effectively Using Powers of Appointment & Insuring Assets are Subject to the Trust
  • The Tax Objectives of Advanced Estate Planning (Income Tax Objectives, Gift Tax Objectives, Federal Tax Objectives, Generation Skipping Tax Objectives & California Real Property Tax Issues)

CD/2 – How to Choose Which Estate Planning Technique that Will Work for Your Client’s Benefit

  • Irrevocable Life Insurance Trusts (Types of Policies, Trusteeship, Avoiding Inclusion in the Insured’s Taxable Estate)
  • Special Provisions Relating to Life Insurance
  • Drafting Effective Crummy Powers
  • Avoiding Generation Skipping Tax Issues

CD/3 – The Tax Benefits of Complex Estate Planning

  • The Sale to and Intentionally “Defective” Trust Transactions (Explanation of the Income & Transfer Tax Benefits)
  • “Seed Money” and Loan Guarantees
  • The Zero Tax Buyout
  • Use the SCINs and Private Annuities
  • Continuation of the Trust as a Grantor Trust after the Note Term
  • Tax Reimbursement Clauses (Grantor Powers)

CD/4/5 – Choosing the Appropriate Trust for Your Client’s Needs

  • Family Limited Partnerships (The 10% Rule, Structuring and Drafting, & Current Valuation Techniques)
  • Charitable Remainder Trusts and Private Foundations (Examples of Calculations, Inter Vivos vs. Testamentary)
  • Short Term CRTs & Use in Sec. 1374 Situations
  • UBIT & Private Foundation Issues (NIMCRUTs & Wealth Replacement)
  • Dynasty Trusts & Private Foundations (Issue of Jurisdiction, Discretionary Income and Principal Provisions & Powers of Appointment)
  • Planning the Trust & Determining the Appropriate Trust Term
  • GRATS, GRUTS & QPRTs (Drafting the GRAT, Analysis of the Walton Case & IRC 2702)
  • Summary & Conclusion

About the Instructor~ Francis Burton Doyle, Esq., WealthPLAN

  • Member, State Bar of California
  • California State Bar Certified Legal Specialist, Taxation Law and Probate, Estate Planning and Trust Law
  • Founder, WealthPLAN, 30 years of experience in Tax, Estate-Planning Probate, Trust Administration and Litigation
  • Instructor, California Continuing Education of the Bar (CEB) and National Business Institute (NBI)
  • Professor; Lincoln Law School of San Jose, Wills & Trusts and Real Property
  • Immediate Past President, Santa Clara County Estate Planning Council
  • Chair, Planning Committee, Annual Jerry A. Kasner Symposium, Santa Clara University, School of Law
  • JD, University of San Francisco Law School, MS, Taxation, Golden Gate University, BA Santa Clara University

 

MCLE: 6.5 Credit Hours (CalBar Approved Provider No. 13751) Advanced Legal Training Institute is a State Bar approved MCLE sponsor and this course qualifies for 6.50 MCLE hours (including 1.5 Legal Ethics).

 

Package includes: Video DVD & Seminar Workbook

 

Tuition: $350.

 

E-MAIL us with questions or call (650) 960-3772

 

Order the Seminar Package (Video DVD & Workbook) $350.

 

 

Additional Seminar Information
Seminar Written Materials
As a registered participant, you will receive a professionally prepared Seminar Workbook with the seminar recording. The Seminar Workbook will help you learn and remember everything that is covered during the seminar. It is a valuable reference tool designed to help you understand the concepts and nuances of the axioms.

 

Continuing Education Credit
Advanced Legal Training Institute is a State Bar approved MCLE sponsor and this course qualifies for 6.50 MCLE hours (including 1.5 of legal ethics). Please remember to indicate your license number, ID or other necessary information on the online order form, as this will ensure timely reporting of continuing education credit.

 

Each seminar recording has been edited and formatted to provide the most timely, relevant and effective continuing legal education available. Listen to your  Video DVD Interview/Seminar Recording on your home/office computer, inside your car during commute or travel time and/or downloaded to your iPod. This  recording provides a strong foundation to both expand and enhance the practice of estate planning and trust administration.

 

Our Mission
Advanced Legal Training Institute is dedicated to helping attorneys meet their Continuing Legal Education (CLE) hours in a simple “All-Your-MCLE-in-a-Box” system. We offer the most relevant, state-of-the-art legal education available, including:

 

  • Live and recorded MCLE seminar & teleseminar packages (half-day and full-day)
  • Audio CD & Video DVD self-study materials, seminar workbooks & forms
  • Speaking & in-house customized training services for law firms, executives and corporate counsel
  • Consulting & coaching services including complex estate planning techniques, law firm development & business succession planning
  • Estate Planning Updates

 

 

Contact Information

 

Online: advancedlegaltraininginstitute.com
E-mail: customerservice@advancedlegaltraininginstitute.com
Phone: 650.960.3772 Fax: 650.960.3773

 

 

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