Highlights of the Conner-Zaritsky 42nd Annual Advanced Estate Planning and Administration 2021 (USB Seminar)

MCLE Credits: 11.0
Ethics Credits Included: 1.0

MCLE Credit: 11.0 (Ethics: 1.0)
Live-Interactive Credit: 0.0
GAL for Incapacitated
Persons CE Credit
:
6.0 (GAL Information)
Price: $419 - USB with electronic materials
Available Through: 4/30/2024

Information

A pre-recorded video replay of select sessions from the April 2021 webcast seminar, Conner-Zaritsky 42nd Annual Advanced Estate Planning and Administration


Topics covered include:

  • Recent Federal Wealth Transfer Tax Developments
  • Virginia Developments in Estate Planning and Administration
  • Avoiding Ethical Missteps That Lead to Lawyer Discipline
  • Forfeiture Clauses Under Virginia Law
  • Planning for the Generation-Skipping Transfer Tax
  • Planning for Impaired Beneficiaries and Undue Influence
  • Considerations for the Two Weeks Prior to Death and the Two Weeks After Death
  • Fiduciary Liability of Trust Protectors (DeMallie Award—Winner Presentation)
  • Fundamentals of Partnership Taxation for Estate Planners
  • Hot Topics—Transfer Planning in 2021
  • The Popular Q&A Panel
  • Plus 6.0 hours of GAL for Incapacitated Persons and 1.0 hour of Ethics credit

Cosponsored with the Wills, Trusts and Estates Section of The Virginia Bar Association, this program of national reach and sophisticated content features prominent experts from Virginia and across the country.

 

Schedule

COURSE TOPICS

Recent Federal Wealth Transfer Tax Developments
William I. Sanderson
Virginia Developments in Estate Planning and Administration
Katherine Ramsey
What Went Wrong? Avoiding Ethical Missteps That Lead to Lawyer Discipline
Kathi Ayers

An overview of the bar disciplinary system as it relates to professional misconduct and the violation of the Virginia Rules of Professional Conduct.  We will review case studies based on actual Virginia Bar discipline cases with a focus on cases related to trusts and estates matters.  We will examine the specific ethical rules discussed in those cases and see how the cases ultimately were adjudicated.

My Way or the Highway: Forfeiture Clauses Under Virginia Law
John Midgett

This presentation will examine the use of forfeiture clauses in general and through the lens of specific Virginia cases.  Sample drafting options will be discussed to enhance the effectiveness of anti-contest prohibitions and fulfillment of grantor intent.

Planning for the Generation-Skipping Transfer Tax
Stephen W. Murphy

The generation-skipping transfer (“GST”) tax has long been a source of confusion for clients, advisors, and practitioners.  This presentation will provide an overview of the current state of the GST tax, including its history (and legislative proposals for potential changes to the tax), the funding of GST trusts, the rules for allocation of GST tax exemption to various types of trusts (and what to do when these rules are not followed), the methods (and risks) of modifying GST trusts, planning opportunities with GST trusts, and tips for drafting.

Planning for Impaired Beneficiaries and Undue Influence
Matthew Farley

This session will address planning options and opportunities for both clients and beneficiaries who are impaired or whose capacity may be diminished, including planning for beneficiaries who suffer from addiction and best practices for clients who may be impaired or potentially subject to influence.

“Four Weeks and a Funeral”: Considerations for the Two Weeks Prior to Death and the Two Weeks After Death
Tom D. Yates, Ellis Pretlow

This session will focus on the issues that arise in the two weeks prior to the death of an individual, planning opportunities that exist during that time period, and practical and ethical concerns as they relate to death-bed planning. Additionally, the presentation will focus on the specific questions surrounding the authority to act for another individual who may be incapacitated with a focus toward planning for death. Then, the presentation will shift to consider the two weeks immediately following the death of an individual and what can be done and should be done in those initial days following death, including discussions about funeral and burial laws, control of assets, and other matters that often arise during that time period.

Fiduciary Liability of Trust Protectors (DeMallie Award–Winner Presentation)
Alison Zizzo

Can I do as I please? Well, maybe if you are a trust protector … but then again, maybe not. This session will provide a brief history of trust protectors and discuss where we are headed in Virginia. Get practical tips for drafting language related to trust protectors and how to avoid litigation.

Conquering Subchapter K(ryptonite): Fundamentals of Partnership Taxation for Estate Planners
Paul S. Lee

The taxation of partnerships (and limited liability companies) can be downright confounding, confusing, complicated, and cryptic for estate planners. This presentation will provide the basics of partnership income taxation (from formation, in operation, and to termination) that all estate planners should know, including traps for the unwary and interesting planning opportunities.

Hot Topics—Transfer Planning in 2021
Farhad Aghdami, Stephen R. Akers, Howard M. Zaritsky

This session will review transfer planning techniques and considerations in anticipation of a potential reduction in the $11.7-million estate and gift tax exemption amount, including a retroactive reduction of the exemption amount to the beginning of the year. The presentation will review potential legislative changes, the timing of such changes, and planning techniques to mitigate adverse tax consequences associated with a retroactive change in the law.

The Popular Q&A
Farhad Aghdami, William I. Sanderson, Howard M. Zaritsky

Faculty

FACULTY

Farhad Aghdami, Williams Mullen / Richmond
Stephen R. Akers, Bessemer Trust / Dallas, TX
Kathi L. Ayers, Vaughan, Fincher & Sotelo, PC / Tysons
Matthew M. Farley, Armstrong Bristow Farley & Schwarzschild PLC / Richmond
Paul S. Lee, The Northern Trust Company / New York, NY
John T. Midgett, Midgett Preti Olansen PC / Virginia Beach
Stephen W. Murphy, McGuireWoods LLP / Charlottesville
Ellis H. Pretlow, Kaufman & Canoles, PC / Norfolk
Katherine E. Ramsey, Virginia Estate & Trust Law, PLC / Richmond
William I. Sanderson, McGuireWoods LLP / Washington, DC
Frank  A. Thomas, III, Frank A. Thomas, III PLC  / Orange
Thomas D. Yates, Yates Campbell & Hoeg LLP / Fairfax
Howard M.  Zaritsky / Rapidan
Alison R. Zizzo, Midgett Preti Olansen PC / Virginia Beach

Locations, Dates and Fees

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