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Schedule and Faculty
Schedule times listed below are for the live
seminar. Times for replays may differ due to varied start times and abbreviated lunch and break periods.
Please refer to the
DATES/LOCATION
tab for individual replay start times.
8:55 – 9:00 a.m.
WELCOME & INTRODUCTION
9:00 – 10:30 a.m.
The Federal Estate, Gift and GST Taxes Going Forward – Some Contrasts
Between the Scylla of Clawback, the Charybdis of Loss of Exemption
Altogether, the Sirens of Reciprocal Spousal Trusts, Aggressive
Valuation Formulas, and 100-Year GRATS
What the 2012 election means/meant for (a) tax reform in general and (b)
the estate, gift, and GST taxes in particular; If there is legislation
in 2012, what it means, how permanent it will be, and what its fate will
be; whether or not there is legislation in 2012, when Congress will next
act, and what it might do; and coping with chaos, creatively but not
conspicuously, carefully but not cowardly.
Ronald D. Aucutt
Special
Webcast Opportunity!
Friday, January 4, 2013
9:00 – 10:30 a.m.
(CST)
This presentation by
Ronald D. Aucutt also is available via webcast direct to your
computer. If you can’t
attend the live course or video replays, you may
register for only Ronald Aucutt's
presentation via live webcast. By joining the webcast, you
will be able to both see and hear Ronald’s presentation, access his
materials, and submit questions for Ronald to answer.
10:30 – 10:45 a.m.
BREAK
10:45 a.m. – 12:00 p.m.
Large Estates Panel – Planning, Administration and Drafting Issues
Our panelists will comment upon: the perils of using independent
trustees and trust protectors; drafting tips that will provide
flexibility in trust/estate settlement and trust administration when
there is so much uncertainty in the law; Minnesota residency; using
reciprocal spousal trusts; and non-tax law changes that effect our
practices, past, present and future.
Ronald D. Aucutt, Steve A. Brand, Andrea S. Breckner, Darryl L. Meyers &
Alan J. Yanowitz
Moderated by Susan J. Link
12:00 – 12:15 p.m.
QUESTIONS & ANSWERS
12:15 – 1:00 p.m.
LUNCH (on your own)
1:00 – 1:45 p.m.
The Minnesota Estate Tax – How Prone to Doubt, How Cautious Are the
Wise!
Learn how Minnesota estate tax is computed, with special emphasis on:
recent changes made by Minnesota Department of Revenue during 2012 to
the estate tax calculator; and changes or complexities resulting from
federal estate and gift tax law changes occurring by legislation enacted
before 12/31/2012; or by default if no legislation is enacted; and
perhaps, thoughts on dealing with the possibility of retroactive
enactment of legislation. Plus – discussion of status of the estate tax
study, directed by the Legislature in its 2011 special session; and
“qualified farm property” and “qualified small business property”,
including current ambiguities, and legislative attempts at
clarification.
Terry L. Slye
1:45 – 2:45 p.m.
Small Estates Panel – Perplexing Problems and Potential Planning
Opportunities for the “Small Estate”
Drafting ideas for equalizing gifts to beneficiaries; planning to
minimize claims under the estate recovery statutes; using spendthrift
and discretionary trusts to protect the M.A. interests of beneficiaries;
using inter vivos gifting to reduce Minnesota estate tax liabilities;
and using disclaimers to save estate taxes. Analysis will include: In Re
Pamela Andreas Stisser Grantor Trust and In Re Rev. Trust of Polly F.
Shank, Wandry v. Commissioner.
Peter M. Hendricks, Bryan Jamison & Mary Frances M. Price
Moderated by James T. McNary
2:45 – 3:00 p.m.
QUESTIONS & ANSWERS
3:00 – 3:15 p.m.
BREAK
3:15 – 4:00 p.m.
Income Tax Issues for Trusts and Estates for the “Fiscal Cliff” year –
Is it a Cliff or Just a “Trip Up”
Pitfalls and opportunities associated with the sunset of the lower
income tax rates on ordinary income (including dividends) and capital
gains rate increases, as well as the new tax on investment income for
individuals and trusts, and how the investment allocation of portfolios
can be used to minimize the impact of this new tax.
Marcia E. Urban
4:00 – 4:30 p.m.
QUESTIONS & ANSWERS
PANEL
The three course chairs will each identify their important “take-aways”
from the presentations and discussions and provide further opportunity
to discuss compelling issues.
Lead by Susan J. Link, James T. McNary & Terry L. Slye
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