Information: Integrated Estate Planning Seminar Series: “The Advanced Course”

Course Overview:

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

Instructor: Francis Burton Doyle, WealthPLAN
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: Audio CD & Seminar Workbook

Order the Seminar Package (Audio CD & Workbook) $350.