NYU 70th Institute on Federal Taxation - School of Continuing and ...

More documents

Recommendations

Info

SF:Gersham Goldstein, Esq., Stoel Rives LLP, Portland, ORChristopher S. Rizek, Esq., member, Caplin & Drysdale, Chartered,Washington, DCDAY 5: THURSDAY, OCT. 27/NOV. 178 a.m. Continental BreakfastSingle-Day Registration and Distribution of MaterialsTRUSTS & ESTATESCo-Chairs: Richard A. Oshins, Esq., member, Oshins & Associates, LLC,Las Vegas, NVSanford J. Schlesinger, Esq., founding partner, SchlesingerGannon & Lazetera LLP, New York, NY8.30 a.m. TRANSFER TAX REFORM OR REPEAL—WHERE DO WE GO FROM HERE?Mr. Schlesinger discusses the estate tax, gift tax, and generation-skipping transfertax aspects of the Tax Relief, Unemployment Insurance Reauthorization,and Job Creation Act of 2010, and how such tax legislation affects the administrationof estates and estate planning. Mr. Schlesinger also discusses recent IRSdevelopments and case law developments regarding estates and trusts.Sanford J. Schlesinger, Esq., founding partner, Schlesinger Gannon &Lazetera LLP, New York, NY9.30 a.m. ESTATE PLANNING WITH DISREGARDED ENTITIESMr. Handler discusses how entities that are disregarded for income tax purposescan be used to simplify and enhance wealth transfer strategies. He also discussesrecent cases regarding disregarded entities in estate planning contexts.David Handler, Esq., partner, Kirkland & Ellis LLP, Chicago, IL10.30 a.m. Refreshment Break10.45 a.m. PUTTING IT ALL TOGETHER: DECIDING UPON THEAPPROPRIATE WEALTH SHIFTING TECHNIQUE, THEIRADVANTAGES AND DISADVANTAGES, THEIR POTENTIALRISKS, AND HOW THEY SHOULD BE STRUCTUREDTO MINIMIZE THESE RISKSAn analysis of the gift, estate, GST, and income tax impact; the asset protectionimpact; the ability of a technique to use a dynasty trust and the Section2036 exposure of installment sales to grantor trusts; installment sales to beneficiarygrantor trusts; and private annuity sales to grantor trusts, GRATs andQPRTs. The need for “seed money” gifts, guarantees, and other factors areaddressed in deciding upon the use of intra-family sales. The surprising financialimpact of these factors on each of the techniques, comparing “seedmoney” gifts to guarantees, and why toggling off grantor trust status may notbe advisable are also discussed.NY: Jerome M. Hesch, Esq., of counsel, Carlton Fields, P.A., Miami, FLSF: David Herzig, Esq., assistant professor of law, Valparaiso UniversitySchool of Law, Valparaiso, IN12 p.m. Lunch Recess1.15 p.m. GENERATION-SKIPPING TRANSFER TAX PLANNING AFTERTHE 2010 TAX ACTThe speaker discusses the GST tax aspects of the Tax Relief, UnemploymentInsurance Reauthorization, and Job Creation Act of 2010, including GST taxplanning regarding lifetime gifts and testamentary bequests, how to allocatethe GST tax exemption in order to maximize the tax savings resulting fromsuch allocation, and the operation of the “step down” rule and its effect on thedetermination of generation-skipping transfers. The speaker also discusses10 For more information, call (212) 992-3320. Register online at scps.nyu.edu/ift
ecent IRS developments and case law developments regarding GST taxes.NY: Jo Ann Engelhardt, Esq., managing director, Bessemer Trust,Palm Beach, FLSF: Kim Marois, Esq., of counsel, Spaulding McCullough & Tansil LLP,Santa Rosa, CA2.15 p.m. Refreshment Break2.30 p.m. PANEL DISCUSSION ON THE SELECTION OF WEALTHSHIFTING TECHNIQUES, SEEDING AND GUARANTEESThe choice of favored wealth shifting techniques differs widely amongplanners. The panel shares their thoughts on that process.NY & SF: Richard A. Oshins, Esq., member, Oshins & Associates, LLC,Las Vegas, NVSanford J. Schlesinger, Esq., founding partner, SchlesingerGannon & Lazetera LLP, New York, NYJohn W. Porter, Esq., partner, Baker Botts L.L.P., Houston, TXDavid Handler, Esq., partner, Kirkland & Ellis LLP, Chicago, ILNY: Jerome M. Hesch, Esq., of counsel, Carlton Fields, Miami, FLSF: David Herzig, Esq., assistant professor of law, Valparaiso UniversitySchool of Law, Valparaiso, IN3.30 p.m. THE ARTHUR D. SEDERBAUM MEMORIAL LECTUREFAMILY LIMITED PARTNERSHIPS: THE CONTINUING SAGAAs the courts continue to decide valuation and family limited partnershipcases, the current valuation trends are analyzed and the significant new casesare discussed. The panelists provide guidance for creating, implementing, andpreserving the successful FLP.NY & SF: John W. Porter, Esq., partner, Baker Botts L.L.P., Houston, TXRichard A. Oshins, Esq., member, Oshins & Associates, LLC,Las Vegas, NVSanford J. Schlesinger, Esq., founding partner, SchlesingerGannon & Lazetera LLP, New York, NYDavid Handler, Esq., partner, Kirkland & Ellis LLP, Chicago, ILNY: Jerome M. Hesch, Esq., of counsel, Carlton Fields, P.A., Miami, FLSF: David Herzig, Esq., assistant professor of law, Valparaiso UniversitySchool of Law, Valparaiso, IN5 p.m. RecessEVENING SESSION5.15– WHAT ABOUT THOSE STATES? SIGNIFICANT STATE-LEVEL6.55 p.m. QUAGMIRES EMERGE IN LIGHT OF FEDERAL LAW CHANGESAND CONTROVERSIAL REVENUE-SEEKING MEASURES STATEPROPOSEDDespite the signing into law of the Tax Relief, Unemployment InsuranceReauthorization, and Job Creation Act of 2010, significant state-level quandarieshave persisted due to the interplay between federal and state tax regimes.New state-level/federal interplay quandaries have emerged as a result of theallowance in some states of same-sex marriage. Ms. Klein examines state-levelquandaries resulting from federal law changes, including: significant concernswith state-only QTIP elections, including whether such elections are inconsistentwith a federal portability election or GST exemption allocation; the interplayof federal portability with state estate tax, income tax, and asset protectionconsiderations; the double-tax liability in some jurisdictions for both estatetaxes and capital gains taxes; a comprehensive review across the United Statesof state legislation to construe formula clauses in dispositive instruments tiedto federal tax concepts; the interplay between state and federal disclaimerrequirements; the interplay between state and federal filing requirements;alternate valuation considerations; bifurcated same-sex spouse estate planningapproach for state and federal purposes in light of allowance of same-sexmarriage in some states but not federally; interplay of federal and state maritalFor more information, call (212) 992-3320. Register online at scps.nyu.edu/ift 11
Page 2 and 3: 70 TH INSTITUTE ON FEDERAL TAXATION
Page 4 and 5: IMPORTANT NOTE: The city that a spe
Page 6 and 7: 1.30 p.m. TAXABLE ACQUISITIONS OF P
Page 8 and 9: NETWORKING RECEPTION5 p.m. It’s n
Page 12 and 13: deduction issues, including state-o
Page 14 and 15: SPONSORSNew York University thanks
Page 16 and 17: Matthew Bender & Co., Inc., a membe
Page 18 and 19: IFT REGISTRATION INSTRUCTIONSYou ma
Page 20: School of Continuing and Profession

NYU 70th Institute on Federal Taxation - School of Continuing and ...

Create successful ePaper yourself

Delete template?

Save as template?