The Conner-Zaritsky 44th Annual Advanced Estate Planning and Administration Seminar 2023

MCLE Credits: 12.0
Ethics Credits Included: 2.0

Friday, April 28–Sunday, April 30
Friday: 12:55–5:35 p.m.
Saturday: 8:30 a.m.–1:00 p.m.
Sunday: 8:30 a.m.–12:35 p.m.
Learn more about Virginia CLE webcast format
Learn more about Virginia CLE telephone format
MCLE Credit: 12.0 (Ethics: 2.0) Pending
Live-Interactive Credit: 12.0 (all formats) Pending Live Interactive MCLE Credit Symbol
Designation Credit: 12.0 Trusts and Estates, 2.0 Ethics
(Designations Information)
GAL for Incapacitated
Persons CE Credit
:
6.0 (GAL Information)
Registration Fees: Live on Site: $479 (with ebook materials only)
Live on Site plus printed materials: $529
Webcast: $479 (with ebook materials only)
Telephone: $499 (with ebook materials only)

Information

Why Attend?

A program of national reach and sophisticated content, featuring prominent experts from Virginia and across the country providing updates and expert analysis on key topics


  • LEARN from top speakers on a variety of topics that are relevant and timely for estate planning attorneys engaged in sophisticated transactions.
  • ACQUIRE tools to enhance your practice and make you a better lawyer.
  • GET answers to the questions that plague you. Bring your written questions to the panel at the renowned Sunday Q&A session.
  • NETWORK with your colleagues. Use this annual event to catch up with old friends and meet new ones. Sponsored cocktail parties Friday and Saturday nights from 6:00 to 8:00 p.m. provide time to socialize.
  • ENJOY the activities at The Williamsburg Lodge and Colonial Williamsburg. The three half-days seminar format leaves Saturday and Sunday afternoons free so that you and your family may enjoy activities at the superb facilities at The Williamsburg Lodge. Visit The Williamsburg Lodge website to find out more about this exciting venue.
  • OPTION TO ATTEND VIRTUALLY via live-interactive webcast or telephone: Enjoy this can’t-miss program from the convenience of your home or office and still be able to ask questions of the speakers.

Virginia’s Premier Estate Planning Program

Cosponsored with the Wills, Trusts and Estates Section of The Virginia Bar Association

Supported By:


This seminar is Virginia’s premier event for experienced estate planning attorneys.  Get all 12 MCLE credits with 2 hours of ethics at one outstanding seminar.

  • The most comprehensive updates
  • A spectacular faculty of nationally and locally renowned speakers
  • Incomparable networking opportunities at The Williamsburg Lodge OR the convenience of attending virtually via webcast or telephone
  • Cutting-edge issues facing estate planners

PROGRAM HIGHLIGHTS

  • The Year in Review: Recent Federal Wealth Transfer Tax Developments
  • Virginia Developments in Estate Planning and Administration
  • Planning with Advance Medical Directives
  • Updates on the Corporate Transparency Act
  • Fundamentals on Income Taxation of Trusts
  • What to Do When Planning for the Better Half
  • Planning Under the SECURE Act
  • Basis Planning and Anomalies with Partnerships, Grantor Trusts, and Unitary Basis
  • Ethics
  • Hot Topics in Estate Planning
  • The Popular Q&A Panel

You have the option to attend in person, live on site at The Williamsburg Lodge, OR you may attend the complete seminar virtually via webcast or telephone.

WILLIAMSBURG LODGE RESERVATION INFORMATION

The conference reservations office is open Monday-Friday, 8:30–5:00. Reservations can be made on or before March 27, or until the block is filled. To make a reservation online, use the following link https://book.passkey.com/go/6041a428 to make reservations at The Williamsburg Lodge.
For call-in reservations, call (toll-free) 800-261-9530.

COVID-19 POLICY FOR LIVE-ON-SITE ATTENDANCE

By attending a live-on-site Virginia CLE® seminar, you acknowledge the health risks associated with COVID-19 and that you MUST follow all Virginia CLE® COVID-19 policies. You may NOT attend a live-on-site program if you have tested positive for COVID-19, if you are experiencing COVID-19 symptoms, or if you are under any self-quarantine orders per CDC guidelines.

Click here for details about the Virginia CLE® COVID-19 policy. Please revisit the webpage routinely for updates as we are monitoring the evolving COVID-19 situation. All updates to this policy will be emailed to registrants.
(Last updated March 2, 2022)

This seminar is not eligible for Virginia CLE® new lawyer, government, paralegal, law student, legal aid, or pro bono discounts.

 

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 for the live-on-site option ends at 11:59 p.m. the day preceding the seminar. To register by telephone, please call (800) 979-8253 no later than 4:00 p.m. on Thursday, April 27.
Registration for the live-on-site option that includes printed materials is available through Monday, April 17.

Cancellation Policy: Cancellation/transfer requests will be honored through 5:00 p.m. on the DAY BEFORE the seminar. Virginia CLE®’s policy is to charge $100 to cancel for the live-on-site program between April 12 and April 19. There will be a $200 charge for cancellations after April 19.

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 on demand 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 (April 28–30) (Eastern Time)

Friday, April 28

12:35 Registration
12:55 Introductory Remarks
Frank A. Thomas, III, Moderator
1:00 The Year in Review: Recent Federal Wealth Transfer Tax Developments
William I. Sanderson


This session will cover significant tax developments.


Virginia Developments in Estate Planning and Administration
Katherine E. Ramsey

This session will review significant state law developments.

3:00 Break
3:15 Understanding and Planning with Advance Medical Directives
Nathan Kottkamp, Carter Brothers


This discussion will address the practical issues in drafting and then carrying out your client’s wishes regarding health care and end-of-life decisions.

4:30 Break
4:35 The Ethics of Engagement Letters and File Management
Kathi L. Ayers


This presentation will discuss how a clear and concise engagement letter can help to prevent ethical issues in client matters. It will cover the reasons for using engagement letters, what they should contain and why. Specifically, we will examine some of the Virginia Rules of Professional Conduct to see how engagement letters help attorneys comply with the ethical rules regarding: competence (Rule 1.1), scope of engagement (Rule 1.2), communication (Rule 1.4), confidentiality (Rule 1.6), avoidance of conflicts of interest both generally (Rule 1.7) and with respect to former clients (Rule 1.9), charging reasonable fees (Rule 1.5), and declining or terminating representation (Rule 1.16). Communication with clients through a written engagement letter sets expectations for the engagement by identifying the client, defining the scope of the project or matter, and providing an explanation of how the fee will be determined. This presentation will also discuss the concept of a “non-engagement” letter, as well as termination letters, engagement letters for representing fiduciaries, attorneys acting as fiduciaries, and best practices for each. In the second portion of the presentation, we will explore the duties owed to clients with respect to the materials in their file, how long lawyers need to keep various documents, and file destruction. In this section, we will also review legal ethics options and the following rules to determine how these materials provide guidance on these issues: Rule 1.4 (confidentiality), Rule 1.15 (safekeeping property), and Rule 1.16 (declining or terminating representation).

5:35 Adjourn
6:00 Reception—Sponsored by TCV Trust & Wealth Management


Saturday, April 29

8:30 Hide and Go Seek with the Corporate Transparency Act: What Could Go Wrong?
Raj A. Malviya


The Corporate Transparency Act (CTA) represents the most significant reformation of the Bank Secrecy Act and related anti-money laundering rules since the US PATRIOT Act. Although the CTA is mainly focused on requiring corporations, limited liability companies, and partnerships, trusts may also find themselves having to comply with disclosures related to beneficial ownership. With the final regulations under the CTA going into effect on January 1, 2024, now is the time for wealth planning and tax practitioners to better understand these compliance obligations.

9:30 Trust DNI: Slightly Less Complicated than DNA
Justin Miller


When it comes to trust planning and administration, the need to understand the income tax treatment of trusts has become more important than ever. This session will discuss the fundamentals of distributable net income (DNI) and explain how DNI differs from taxable income and fiduciary accounting income. To help practitioners minimize the burden of higher trust tax rates and avoid many of the traps for the unwary, this session also will address the allocation of DNI among beneficiaries, the separate-share rule, the 65-day rule, specific bequests, in-kind distributions, and the inclusion of capital gains in DNI.

10:30 Break
10:45 The “Better Half” of Estate Planning: Opportunities and Pitfalls for Estate Planning by Married Couples
Stephen Murphy


This presentation will explore the flexibility, opportunities, and pitfalls for estate and tax planning for the married client, such as portability; opportunities for estate tax, gift tax, and GST tax planning involving a spouse; SLATs/SLANTs/SPLATs (and the rest of this family of acronyms); reciprocal trusts; the “step” transaction doctrine; planning and the potential for divorce, such as the effect of divorce on grantor trusts; and citizenship and its effect on marital planning.

11:45 Break
12:00 Basis Planning and Anomalies with Partnerships, Grantor Trusts, and Unitary Basis
Paul S. Lee


Tax basis and realization are fluid concepts in the world of partnership taxation, especially when one considers the “unitary basis” rule and how grantors, grantor trusts, and disregarded entities are treated as the same taxpayer. In such a world with potential changes to the treatment of grantor trusts on the horizon, entities taxed as partnership provide the most sophisticated platform to exchange assets and strip, shift, create, combine, and concentrate basis. This presentation will explore these concepts through the lens of common estate planning situations and the basis conundrum created if section 2036 applies to the partnership.

1:00 Adjourn
6:00 Cocktail Party—Sponsored by Truist Wealth


Sunday, April 30

8:30 Ethics: Conflicts in Multiple Representations/Multiple Capacities
Brent E. Baxter


An examination (with hypotheticals and multiple-choice question & answer) of practical situations where ethical issues arise in the estate planning and administration context through joint representation and/or your client(s) needs representation multiple capacities.

9:30 Break
9:45 Planning with Retirement Accounts After the SECURE Act
Timothy H. Guare, Jennifer E. Shirkey


The SECURE Act simplifies some aspects of planning for retirement accounts, and it complicates others. The proposed regulations relating to the SECURE Act included helpful guidance and a few surprises. This presentation will address what has changed, what has stayed the same, and how you, as a planner, can apply the new rules to the common situations that your clients face. If final regulations are issued before the seminar, then the speakers will do their best to update their presentation to include the guidance that the final regulations provide.

11:00 Break
11:05 Hot Topics
Farhad Aghdami, Howard M. Zaritsky


This session will cover significant developments or topics of interest that may have arisen after the program and speakers are set for the coming year.

12:05 Q&A Panel
Farhad Aghdami, William I. Sanderson, Howard M. Zaritsky


In this session, several of our speakers will respond to your questions.

12:35 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

FACULTY

Farhad Aghdami, Williams Mullen / Richmond
Kathi Ayers, Vaughan, Fincher & Sotelo, PC / Vienna
Brent Baxter, Manning, Murray, Barnett & Baxter / Arlington
Carter Brothers, Spilman, Thomas & Battle / Roanoke
Timothy H. Guare, Timothy H. Guare, PLC / Richmond
Nathan Kottkamp, Williams Mullen / Richmond
Paul S. Lee, The Northern Trust Company / New York, NY
Raj A. Malviya, Miller Johnson / Grand Rapids, MI
Justin Miller, Evercore Trust Company, N.A. / San Francisco, CA
Stephen Murphy, McGuire Woods, LLP / Charlottesville
Katherine Ramsey, Virginia Estate & Trust Law / Richmond
William I. Sanderson, McGuireWoods LLP / Washington, DC
Jennifer E. Shirkey, Flora Pettit / Harrisonburg
Howard M. Zaritsky / Rapidan

MODERATOR

Frank A. Thomas, III, Frank A. Thomas, III PLC / Orange

Locations, Dates and Fees

REGISTRATION FEES (All registrants will receive access to a complete set of downloadable e-book seminar materials.)

Live on Site: (Reception and continental breakfasts included)
$479 regular registration (without printed materials).
$529* registration fee plus printed materials.

*Available through Monday, April 17

Webcast: $479
Telephone: $499


LIVE LOCATION AND DATES

APRIL 28–30 / The Williamsburg Lodge
310 South England Street, Williamsburg (Venue Website / Google Map)
(757) 229-1000


Virginia CLE® will provide live-on-site attendees a 50% discount off any single Virginia CLE® publication purchased at the seminar site. Additionally, live-on-site attendees will receive a coupon code for 50% off any single publication of their choice, which will be shared with live-on-site attendees at the seminar and in an email the day after the program. The code will expire two weeks after the seminar date.


Lower Registration Fee and Greater Functionality with Downloadable E-Book Seminar Materials

ALL seminar registrants will receive access to a complete set of downloadable e-book seminar materials. E-book materials are searchable, easily accessible, and efficient to use.

When registering, please be sure to provide a legible, valid e-mail address to which Virginia CLE® can send a link to the e-book materials.

Registrants who elect a registration option that includes downloadable e-book seminar materials only and not the printed materials will receive, at the seminar, a short, printed seminar outline with space to take notes.

Printed Materials: For live-on-site registrants only, through April 17, you still have the option of registering to receive a complete set of printed materials for a higher registration fee. Registrants who choose this option will receive printed materials at the program.


CANCELLATION POLICY 

Cancellation/transfer requests will be honored through 5:00 p.m. on the DAY BEFORE the seminar. Virginia CLE®’s policy is to charge $100 to cancel for the live-on-site program between April 12 and April 190.  There will be a $200 charge for cancellations after April 19.


If you have a disability that requires special accommodation, please contact Virginia CLE® well in advance of the program date.

If you have dietary restrictions, please contact Virginia CLE® at least 7 days before the seminar date.

Private recording of this program is prohibited.

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