Co-chaired by Michael V. Bourland (Bourland, Wall & Wenzel, P.C.) and Darin N. Digby (Schoenbaum, Curphy & Scanlan, P.C.), this annual program is designed for the new lawyer, CPA, financial planner and trust officer whose primary career focus requires a thorough knowledge of estate planning. It is also a great program for the experienced lawyer who wants to be re-introduced to the estate planning profession.
The program features Professor Stanley M. Johanson (The University of Texas School of Law), Stephen R. Akers (Bessemer Trust Company), Melissa J. Willms (Davis & Willms, PLLC), Megan C. Sanders (Bourland, Wall & Wenzel, P.C.), John K. Round (Strasburger & Price, LLP) and Lora G. Davis (Davis Stephenson PLLC).
Michael V. Bourland
Bourland, Wall & Wenzel, P.C.
Darin N. Digby
Schoenbaum, Curphy & Scanlan, P.C.
Santo Bisignano, Jr.
Bisignano Harrison Neuhoff LLP
The University of Texas School of Law
Stephen R. Akers
Bessemer Trust Company
Melissa J. Willms
Davis & Willms, PLLC
Megan C. Sanders
Bourland, Wall & Wenzel, P.C.
John K. Round
Strasburger & Price, LLP
Lora G. Davis
Davis Stephenson PLLC
Who Should Attend
The new lawyer, CPA, financial planner and trust officer whose primary career focus requires a thorough knowledge of estate planning. This is also a great program for the experienced lawyer who wants to be reintroduced to the estate planning profession.
Schedule and Faculty
Wednesday, January 30
Registration and Continental Breakfast
Basic Principles and Strategies in Estate Planning
Impact on your clients—and your practice—of the increase in estate and gift tax exemption to $11 million. Effect on planning for estates of “mere millionaires”—couples and individuals with projected estates of $4-10 million. Continued advantages of non-tax reasons for the use of trusts; increased importance of “new basis at death” rule and income tax issues. Overview of federal estate tax—gross estate inclusion rules, valuation issues as they relate to "new basis at death" rule.
- Professor Stanley M. Johanson, James A. Elkins Centennial Chair in Law, University Distinguished Teaching Professor, The University of Texas School of Law, Austin, Texas
Basic Principles and Strategies in Estate Planning, continued
Overview of federal estate tax (continued) – charitable and marital deductions; community property considerations. Overview of federal gift tax; grantor trust rules; generation-skipping transfer tax; the concept of “income in respect of a decedent.
- Professor Johanson
Qualified Plan Benefits and IRA's in Estate Planning
What the estate planner needs to know about qualified plans and individual retirement accounts, analysis of minimum distribution rules, review of strategies for commonly encountered planning situations, spousal rollover issues; coordination of qualified plan benefits and IRAs with QTIP marital deduction trusts.
- Professor Johanson
Marital Deduction Planning & Portability
Basic Strategies and current problem areas in estate planning for spouses, QTIP trusts and the QTIP election, drafting problems and their solutions. Analysis of types of marital deduction formula clauses (true worth, minimum worth, fairly representative) and advantages and disadvantages of each, discussion of fractional share clauses and comparison with pecuniary formulas. How portability has impacted marital deduction planning and its problems and benefits.
- Lora G. Davis, Davis Stephenson PLLC, Dallas, Texas
Recess and Networking Reception
Thursday, January 31
Estate Planning Ethics
Ethical issues and conflict of interest concerns in estate planning for multiple members of the same family, as well as for the family’s business interests; conflict of interest and confidentiality problems in planning for spouses, siblings, and other family members; client conflict letters and other documentation; malpractice concerns; quality control procedures; privity issues.
- Michael V. Bourland, Bourland, Wall & Wenzel, P.C., Fort Worth, Texas
- Darin N. Digby, Schoenbaum, Curphy & Scanlan, P.C., San Antonio, Texas
Income Taxation of Trusts and Estates
Explore how income tax rules for individuals differ from those applicable to trusts and estates and how those rules can affect an estate plan, including strategies to implement. Learn the obligations of fiduciaries that arise as a result of someone’s death and how death creates unique income tax issues such as basis adjustment. Explore complex issues that estate planners need to know to help fiduciaries avoid income tax traps they may encounter when administering trusts and estates. Discover how language in governing documents and steps taken during administration can minimize unexpected income tax liabilities and secure special income tax planning benefits for decedents, trusts, and estates.
- Melissa J. Willms, Davis & Willms, PLLC, Houston, Texas
Lunch Presentation: Primer on Charitable Planning
America is the most charitable nation in the world. To aid the American philanthropic spirit, the Federal government provides certain tax incentives for donors. This presentation provides basic income, estate, gift and generation skipping transfer tax knowledge to equip practitioners to guide their clients in advantageously integrating charitable gift planning with estate planning.
- Megan C. Sanders, Bourland, Wall & Wenzel, P.C., Fort Worth, Texas
Planning for the Family Business, including Family Limited Partnerships (FLPS); Working with a Client Closing a Business Entity
Estate and succession planning for a family business and its owners; ascertaining family attitudes toward wealth and the family business; development of planning objectives; determining whether a business should be sold or kept in the family; advantages of a charitable organization as a planning partner; tax and non-tax advantages of family limited partnerships; checklist of planning alternatives; case studies.
- Mr. Bourland
Transfer Planning (Time includes a 15-minute break)
Lifetime estate planning transfers, especially transfers of property over which the donor wishes to maintain some control, including points to consider in designing donor-trusteed irrevocable trusts; practical planning ideas for removing appreciation from the estate by using GRATs and Intentionally Defective Grantor Trusts.
- Mr. Digby
Friday, February 1
Hot Topics in Estate Planning
A discussion of estate planning current developments that are of practical importance to estate planning practices.
- Stephen R. Akers, Bessemer Trust Company, Dallas, Texas
Life Insurance Planning and Irrevocable Insurance Trusts
Review of income, gift, and estate taxation of life insurance, use of irrevocable life insurance trusts to provide estate liquidity and to solve other common (and not so common) problems, “Crummey” clauses and the advantages and disadvantages of each, problems with poorly administered “Crummey” trusts and solutions to those trusts.
John K. Round, Strasburger & Price, LLP, Frisco, Texas
Gifting Techniques and an Overview of the Generation-Skipping Transfer Tax
What you need to know about the GST tax; how to make efficient use of GST exemption allocations; application and implementation of the various GST severance rules and late allocation rules; and an overview of some gifting techniques that incorporate basic GST tax planning considerations and strategies.
- Mr. Digby
Various tax planning issues in administering estates, covering disclaimers and selected income tax and estate tax issues.
- Mr. Digby
Excellent speakers & topics. Well suited for non attorneys & new attorneys to cover the basics of estate planning & current developments
Excellent; quality of materials for substantive issues is unparalleled – great review of concepts for “seasoned” planners
….I value the paper handouts & the ability to download them (a searchable electronic format). Thank you for providing both options….
Great presentations to provide a good introduction to estate planning, comprehensive materials for in depth study, opportunity to meet and socialize w/ other estate planners.
Excellent in all aspects!
– 2018 Participants
The Center for American and International Law does not discriminate on the basis of race, color, sex, religion, national origin, age, disability, veteran status or any other protected status in educational activities, scholarship programs or admissions.