Estate Planning After the Reconciliation Act of 2017

MCLE Credits: 2.0
Ethics Credits Included: 0.0

Tuesday, February 20, 12:00 p.m. - 2:00 p.m. ET

Tuesday, March 13, 10:00 a.m. - 12:00 p.m. ET
  • Webcast with Live Q&A
  • Telephone with Live Q&A
MCLE Credit: 2.0 (Ethics: 0.0)
Live-Interactive Credit: 2.0 (all dates, all formats) Live Interactive MCLE Credit Symbol
Registration Fee: $150

Information

Why Attend?

Competence in this area requires you to be up to date on estate and gift tax laws and planning techniques. This program will address:

  • Estate-freezing techniques utilizing lifetime gifting: What are spousal lifetime asset trusts? What are qualified personal residence trusts?  Should we still be using grantor-retained annuity trusts?
  • Formula clauses: Are formula clauses funding credit-shelter trusts to non-spouses too much now?  Learn how to draft appropriate clauses.
  • Do we need the existing credit-shelter trust? Do we want to terminate to receive a step-up in basis?  How do we terminate existing trusts?
  • Post-mortem tax planning for income taxes v. estate taxes; funding of trusts after death: Do we fund the credit-shelter trust, or should we fund the marital trust and make a QTIP election?  What if we have documents that do not have appropriate language?
  • Drafting estate planning documents in the future: What kind of flexibility do we need with the uncertainty of the transfer tax laws?

Under the Act, the basic exclusion amount has been increased from $5,000,000 to $10,000,000 (indexed for inflation after 2011) for estates, gifts, and generation-skipping transfer tax made after 2017 and before 2026. With the increase and sunset provisions, estate planning attorneys will need to utilize various planning techniques to minimize the transfer taxes for their clients. Estate planning attorneys also will need to review existing documents, especially with formula clauses, to determine if they are still in accordance with clients’ desires. Estate administration attorneys will need to advise on post-mortem tax planning decisions for documents that may not be up to date.

This seminar will highlight estate and gift tax law changes that estate planning attorneys need to be aware of to minimize transfer taxes for their clients.

 



Registration Deadlines:
Webcast: 10 minutes prior to seminar. If you register for a webcast the day of the seminar, your e-mail receipt will include a link to launch the seminar and download the materials.
Telephone: Online registration ends at 11:59 p.m. the day preceding the seminar
Call (800) 979-8253 to register up to one hour prior to the seminar
Live on Site: Online registration ends at 11:59 p.m. the day preceding the seminar
Walk-in registration is permitted on a space-available basis

Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE.

Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.

MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.


Can't Attend?
E-mail distance_ed@vacle.org to be notified when/if this program is made available as an online or USB seminar.
E-mail publications@vacle.org to be notified when/if this program's seminar materials are made available for sale.

Schedule

COURSE SCHEDULE (February 20)

12:00 Estate Planning After the Reconciliation Act of 2017
1:45 Question-and-Answer Session
2:00 Adjourn
  • Sign-in for live seminar attendees in Charlottesville begins at 11:30 a.m.
  • Q&A will be handled via chat room for Webcast attendees.
  • Q&A will be handled via e-mail for telephone seminar attendees.

COURSE SCHEDULE (March 13)

10:00 Estate Planning After the Reconciliation Act of 2017
11:45 Question-and-Answer Session
12:00 Adjourn
  • Q&A will be handled via chat room for Webcast attendees.
  • Q&A will be handled via e-mail for telephone seminar attendees.

Faculty

ABOUT THE SPEAKER

Christine Nguyen Piersall, Williams Mullen / Norfolk

Christine Nguyen Piersall is chair of the Estate Planning: Private Client & Fiduciary Services Practice at Williams Mullen. She focuses her practice primarily on estate tax planning, estate and trust taxation and administration, and elder law. Ms. Piersall has experience with conservator and guardianship matters, family limited partnerships and business succession planning. She also represents clients in commercial banking and real estate matters.

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