Tuesday, January 19, 2021, 1-2:30pm: The Impact of 2020 on Estate Planning
Covers topics such as:
- Enhanced Interest in Large Lifetime Taxable Gifts and Long-Term Trusts
- Increased Use of Certain Leveraging Strategies
- Renewed Emphasis on Planning for Eventual Incapacity
- Practical Limitations on Client Counseling and Document Signing
Tuesday, February 23, 2021, 1-2:30pm: Recent Developments in Valuation and Inclusion in the Gross Estate
Covers topics such as:
- Continuing Expanded Reach of IRC Section 2036(a)
- "Tax-Affecting" in Valuation of Pass-Through Entity Equity
- The Specter of "Double Inclusion" in the Gross Estate
- Misapplication of Willing Buyer-Willing Seller Test and Lack of Marketability Discount
Tuesday, March 23, 2021, 1-2:30pm: The Uniform Trust Code Revisited
Covers topics such as:
- Default and Mandatory Rules
- Virtual Representation
- Trust Modification
- Notice Requirements
- Duties Trustees Owe to Beneficiaries
Tuesday, April 27, 2021, 1-2:30pm: Administration of Non-Standard Trust Investments
Covers topics such as:
- The Uniform Prudent Investor Act and a Trustee's Duty of Diversification
- Unique Challenges Arising from Holding a Closely-Held Business Interest
- Trust Assets Not in Trustee's Physical Possession or Direct Control
- Steps to Mitigate Risk
Tuesday, May 25, 2021, 1-2:30pm: Trust Situs and Governing Law Considerations
Covers topics such as:
- The Meaning of "Situs" and "Principal Place of Administration"
- Specific Results That May Flow from a Trust's Situs and Its Governing Law
- Selecting or Determining a Trust's Governing Law and Situs
- Establishing a Trust in a Target Jurisdiction or Moving it to a Target Jurisdiction
Tuesday, June 22, 2021, 1-2:30pm: No Good Deed Goes Unpunished (Ethics)
Covers topics such as:
- Concurrent Representation of Spouses and Other Family Members
- Planning for a Client's Possible Eventual Incapacity
- Safekeeping of a Client's Original Estate Planning Documents
- Disclosure of a Disabled Client's Confidential Information