Thursday, May 18, 2017
The American College of Trust and Estate Council (ACTEC) is a nationwide organization consisting of nearly 2,600 lawyers. The central objective of the organization is to study and improve trust, estate and tax laws, procedures and professional responsibility. Recently, ACTEC held its annual meeting in Scottsdale, Arizona. A veritable oasis in the desert, Scottsdale is known for its spa resorts and expansive golf courses.
The topics covered at the annual meeting include:
- Estate planning current developments over the last year
- Trachtman lecture (by Hanson Reynolds) regarding end-of-life decisions
- Planning Issues for S Corporations and C Corporations
- Charitable bequests of retirement assets
- Tips for estate and gift tax audits from trial lawyers' perspectives
- Common reporting standard and FATCA
- Community property in common law states
- Trusts in divorce, and
- Structuring settlement agreements
Steve R. Akers, Senior Fiduciary Counsel at Bessemer Trust, wrote a synopsis of his observations at the event. His musings can be found here.