Wednesday, December 29, 2021
On Thursday, January 20, 2022 at from 12:00–1:30 PM Eastern, The American Law Institute (ALI) and The American College of Trust and Estate Counsel (ACTEC) are cosponsoring a CLE entitled, Estate Planning With Specialty Assets: Carried Interest, SPACS, and QOZ Funds.
Below is more information on the CLE:
Why You Should AttendWealth transfer structures can be complicated and have many moving parts. In recent years, new investment opportunities have emerged with the promise and potential for explosive growth and significant tax benefits. Such specialty assets, including interests in special purpose acquisition companies (SPACs), qualified opportunity zone (QOZ) funds, and private investment funds, are increasingly on clients’ radars as good vehicles for wealth transfer. While these assets can provide unique opportunities for leverage, they also come with nuanced pitfalls and risks within the realms of estate, gift, and income taxation. Join us for this 90 minute webcast to learn how seemingly small variations in different structures can result in quite different solutions. Gain a better understanding of the facts and circumstances of the various options and learn ways to create customized plan structures for each of your clients.
What You Will LearnThe faculty, all Fellows of The American College of Trust and Estate Counsel and highly-experienced estate and tax planning practitioners, will take a deep dive into the lightly chartered waters of estate planning with specialty assets. They will particularly focus on:
Carried interests in private investment funds
Various categories of interests in SPACs
Interests in QOZ funds
Preferred partnership structuresQuestions submitted during the program will be answered live by the faculty. All registrants will receive a set of downloadable course materials to accompany the program.
Who Should AttendEstate planners and other related professionals, particularly those with wealthy clients, will benefit from this CLE on estate planning with specialty assets offered by ALI CLE and ACTEC.Register two or more and SAVE! Register as a group for this program and save up to 35% (click here for more details). Click "Register as a Group" to register at these savings. (Offer valid on new registrations in the same delivery format only; discounts may not be combined.)
Wednesday, November 17, 2021
The 47th Annual USC Gould Trust and Estate Conference is on November 19, 2021.
Click here to register for the opportunity to connect with trust, estate planning, probate and elder law professionals and talk through practical and realistic solutions to the biggest questions in the field today. '
This year, the Trust and Estate Conference will be hosted as a virtual broadcast. Registration includes access to the live broadcast and available recordings of the on-demand sessions, continuing education credit, and an electronic copy of the Conference Syllabus and Annual Resource Guide (a trust and estate professional directory covering Los Angeles, Orange County and San Diego County).
- Annual Update: Recent Developments in Probate & Trust and their Practical Applications
- Avoiding Traps of 529 Plans
- Pre-Death Administration
- Keynote Presentation: Overcoming Implicit Biases
- Post-Death Administration
- Litigation Issues of Tangible Personal Property and Other Distributions
- Addressing Remote Work and Multi-State Asset Issues
Special thanks to Joel C. Dobris (Professor of Law Emertis, UC Davis School of Law) for bringing this conference to my attention.
Thursday, October 21, 2021
At the request of my colleague and friend, Prof. Amy Hardberger , the George W. McCleskey Professor of Water Law and Director of the Center for Water Law and Policy at the Texas Tech University School of Law, below is information about a seminar entitled West Texas Water:
The Texas Tech Law Review is proud to host the first West Texas Water Law Symposium on November 5th in conjunction with the Center for Water Law and Policy. The symposia will be offered for CLE credit. Register for the event at this link.
The Texas Tech School of Law invites you all to attend the Texas Tech Law Review Fall Water Law Symposium. This year’s symposium: West Texas Water The New Frontier, will provide an extensive look at the current state of Water Law and Policy affecting West Texas. Attendees will benefit from a surplus of knowledge presented through panels and lectures. The cost of attendance is $75. Due to the current status of the Covid-19 pandemic, the Symposium will take place completely virtual. The Symposium will be offering 7.5 hours of CLE credits with the Texas State Bar, including .75 hours of Ethics CLE credit.
Texas Tech Law Review is working in concert with the Texas Tech Center for Water Law and Policy to present this Symposium. They are excited to offer this CLE credit to our alumni. Professor Hardberger has recruited a group of speakers with diverse backgrounds in Water Law and Policy. We hope you can join us virtually on November 5th from 9:00 am to 5:15 pm. Follow this link to register for the event.
If you have any questions, please contact our Symposium Editor Donald “Trey” Parker at email@example.com.
Saturday, October 9, 2021
The following is from the program's announcement found here:
3 NY CLE Credits: 3 Skills; Transitional and Non-transitional; 3 NJ CLE Credits: 3 General; 3 CPE Credits for CPAs (NY only)
Many taxpayers have accumulated a considerable amount of assets in their retirement accounts. The Secure Act has created many new technical deadlines that must be followed in order to avoid IRS penalties.
Tax planning and estate planning for your clients that have substantial retirement assets have become more important than ever. You need to be aware of common errors that frequently take place.
This 3-credit CLE/CPE program includes:
- Overview of the Retirement Distribution Rules under the Secure Act
- Advantages of Trusts as IRA Beneficiary
- Common Errors in Retirement Distribution Planning
- Why many IRA beneficiary forms are defective
- Statute of limitation issues including IRA penalties
- Unintended Beneficiaries of Retirement Accounts or "My IRA is Going Where?"
- And much more
ABOUT the INSTRUCTOR: Seymour Goldberg, CPA, MBA (Taxation), JD is a senior partner in the law firm of Goldberg & Goldberg, P.C., Melville, New York. He has conducted over 100 continuing professional education programs for attorneys and CPAs in the area of IRA distributions and IRA compliance issues. He is a former IRS agent and IRS instructor. Mr. Goldberg is the recipient of Outstanding Discussion Leader Awards from both the AICPA and the Foundation for Accounting Education. His manuals written for the American Bar Association can be found in well over 100 law school libraries. Two of his manuals cover IRA issues and IRS compliance issues involving IRAs.
Mr. Goldberg can be reached at 516-222-0422 or by email at firstname.lastname@example.org.
The New York and New Jersey CLE credits for this program will be issued by NYCLA
The CPE credits* for this program will be issued by IRG Publications.
* CPA registrants must submit NYS CPA License Number after selecting registration option.
IRG Publications CPE details:
Recommended CPE Credit Hours: 3
Method of Presentation: Webinar
NY Sponsor: IRG Publications
Sponsor License No: 002963
Subject area: Taxation
Learning objective: To acquire knowledge involving tax planning and IRS compliance issues when dealing with IRA assets after the Secure Act
Prerequisite: Basic knowledge of taxation
Member (CLE Credit): $85
Non-member (CLE Credit): $105
CPA (CPE Credit ONLY): $75
JD/CPA Member (CLE & CPE Credit): $105
JD/CPA Non-Member (CLE & CPE Credit): $125
For technical and account related issues, please contact us at email@example.com
Tuesday, October 5, 2021
Law & Society Association Trusts & Estates Collaborative Research Network Call for Papers, Lisbon 2022
Law & Society Association Trusts & Estates Collaborative Research Network Call for Papers, Lisbon 2022
Trusts & Estates Collaborative Research Network
Global Meeting on Law and Society
Lisbon, Portugal (& Virtual), July 13-16, 2022
Call for Participation – Deadline for Trusts & Estates CRN Proposals November 10, 2021 11:59 PM ET (USA)
Submission Link: here
The Trusts & Estates Collaborative Research invites proposals for (i) individual papers to be organized into panels; (ii) fully-formed panel proposals; and (iii) proposals for other sessions such as Author Meets Reader, Salon, or Roundtable discussions that explore any aspect of the law, practice or effects of trusts, equity, and estates, broadly defined. We also seek volunteers to serve as Chairs and/or Discussants for paper panels.
The CRN welcomes work that bears in any way on succession (inheritance), equity, or wealth transfers more generally. Subjects of inquiry may involve any aspect of government or social policy with respect to trusts, estates, inheritance, wealth transfer, equity or courts with jurisdiction over these issues.
If you would like to present an individual paper as part of a Trusts and Estates CRN panel, submit an idea for a fully-formed panel, or propose an Author Meets Reader, Salon or Roundtable session, please submit your proposal by November 10, 2021 at 11:59 p.m. Eastern (USA) via the LSA submission page here: https://lsa-annualmeeting.secure-platform.com/a/organizations/main/home
When you submit your proposal, please indicate that it is for CRN #56 Trusts and Estates.
If you would like to volunteer as a chair or discussant, please email Bridget Crawford (bcrawford [at] law.pace.edu).
For papers that are not already organized into panels, the CRN will organize submitted papers into panels with cohesive themes.
You are welcome to link your paper in some way to the 2021 conference theme, “Rage, Reckoning, & Remedy,” but there is no requirement to do so.
Please note that LSA rules limit you to one conference participation as a Paper Presenter, Roundtable Participant, Author. There are no caps on appearances as Chair and/or Discussant on a panel, or an AMR reader.
Please also note that the format for the conference is hybrid, meaning some panels will be entirely online and some panels will be entirely in-person, but no “mixed” hybrid/live panels are permitted. Please indicate with your submission whether you plan to attend the conference in person or virtually only. For more information about this year’s format, please see LSA’s FAQ page here: https://www.lawandsociety.org/faqs-lisbon-2022.
Participants are encouraged to apply multi-disciplinary and interdisciplinary approaches in their scholarship. Possible areas of inquiry might include issues related to transfer of wealth between spouses or family members; preferences created for certain types of transfers or transfers to particular classes of individuals; the transfer of wealth to charities or non-profit organizations; generational equity; issues of social and economic inequality; comparative aspects of the law of succession and the law of trusts more broadly; the relationship between/among gender, race, sexual orientation, socioeconomic class, immigration, language status, disability and the law of succession and the law of trusts; the socio-linguistics of testation and wealth transfer; access to estate planning justice for low- and middle-income individuals; questions of cultural or group inheritance rights; and similar issues.
Our goal is to stimulate focused discussion of papers on which scholars are currently working and to discuss topics of current and common interest to those working in the fields of Trusts & Estates and Equity, broadly defined, both in the United States and internationally. We welcome participation from scholars of any level of seniority working in any discipline, language, or country. Although you may submit an individual proposal to present a paper that is closer to publication, we are especially interested in receiving proposals for works-in-progress that will benefit from discussion that the panels will provide.
If you have any questions, you are welcome to contact CRN chair Bridget Crawford (bcrawford [at] law.pace.edu) or Allison Anna Tait (atait [at] richmond.edu) or Carla Spivack (cspivack [at] okcu.edu).
Sunday, September 26, 2021
Tulane University School of Law and The American College of Trust and Estate Counsel’s Legal Education Committee are organizing the 9th academic symposium financially supported by The ACTEC Foundation. The symposium, Conflict of Laws in Trusts and Estates will be held at the Tulane University School of Law on Friday, October 21, 2022. The keynote address will be given by Professor Jeffrey Schoenblum of Vanderbilt University Law School.
Among the objectives of this symposium are the following:
- To bring together prominent and up-and-coming scholars for the discussion of important issues in conflict of laws;
- To spur leading-edge research on conflict of laws in trusts and estates;
- To encourage professors of trusts and estates to incorporate and consider issues of conflict of laws in their scholarship and teaching;
- To promote collaborations and exchanges between conflict-of-laws scholars and scholars of trusts and estates.
Papers presented at the symposium will consist of papers selected from this Call for Papers and papers from invited speakers. The papers will be published in the Tulane Law Review.
If you would like to be considered to present a paper, please submit an abstract of your paper to Ron Scalise by email (firstname.lastname@example.org) by November 1, 2021. Those chosen to participate in the symposium will be notified no later than December 1, 2021. Symposium speakers will be required to submit a draft of their papers by August 15, 2022, so that the panel commentators will have sufficient time to prepare their commentary.
Symposium speakers will be reimbursed for their travel expenses (economy airfare, the cost of ground transportation, and up to two nights’ hotel stay). Speakers will be invited to dinner on the evenings of Thursday, October 20, 2022, and (for speakers staying Friday evening) Friday, October 21, 2022.
Breakfast and lunch will be provided to speakers and attendees on Friday, October 21, 2022, courtesy of The ACTEC Foundation.
Questions about the symposium or this call for papers should be directed to Ron Scalise at the email address above.
This symposium was made possible through the financial support of The ACTEC Foundation, https://actecfoundation.org.
Sunday, August 15, 2021
The following is from an announcement provided to me by Prof. Thomas Gallanis of the University of Iowa College of Law:
You are invited to attend a Zoom symposium on “The Future of Trusts and Estates: A Symposium in Honor of Sheldon F. Kurtz” The symposium, in honor of Shelly’s retirement, will be held by Zoom on Friday, September 10. The schedule is below. All times are Central Time.
Registration is free but required. To register, please visit: https://uiowa.qualtrics.com/jfe/form/SV_6tlneudPWIYT5XM
We’ll send the Zoom link and meeting ID to registrants a few days before the event.
You are warmly welcome for all or part of the event.
With best regards,
Symposium schedule – all times are Central Time
9:45-10:45 Panel 1: The future of trusts and estates scholarship
Naomi Cahn, University of Virginia
Patricia Cain, Santa Clara University
Thomas Gallanis, University of Iowa
Robert Sitkoff, Harvard University
10:45-11:15 Break to avoid Zoom fatigue
11:15-12:15 Panel 2: The future of trusts and estates teaching
David English, University of Missouri
Susan Gary, University of Oregon
Amy Morris Hess, University of Tennessee
Sheldon Kurtz, University of Iowa
12:15-1:30 Break for lunch
1:30-2:45 Panel 3: The future of trusts and estates practice
Turney Berry, Wyatt Tarrant & Combs LLP, Louisville
Mark Harder, Warner Norcross & Judd LLP, Holland, Michigan
Carrie Harrington, Levenfeld Pearlstein LLC, Chicago
Thomas Houser, Dentons Davis Brown, Des Moines
Paul Morf, Simmons Perrine Moyer Bergman PLC, Cedar Rapids
Margaret Van Houten, Dentons Davis Brown, Des Moines
2:45-3:00 Closing remarks
Sheldon Kurtz, University of Iowa
Thomas Gallanis, University of Iowa
Thursday, August 5, 2021
The 2021 Mortimer H. Hess Memorial Lecture: "It’s a Thriller! Lessons Upcoming Event: Learned from the Estate of Michael Jackson and the potential impact of New York’s new Post-Mortem Right of Publicity"
On Monday, September 13, 2021 at 5:00–7:00pm, there will be a webcast event entitled, The 2021 Mortimer H. Hess Memorial Lecture: "It’s a Thriller! Lessons Upcoming Event: Learned from the Estate of Michael Jackson and the potential impact of New York’s new Post-Mortem Right of Publicity". (click here to register).
More information about the event is posted below:
The post-mortem right of publicity is an heir’s right to control and profit from the commercial use of a deceased person’s name, image or likeness. The value of Michael Jackson’s name and image was front and center in valuing his Estate. Although Jackson’s name and image was valued on his estate tax return at about $2,000, the IRS initially valued it at approximately $435 million. Twelve years after his death, in a decision widely regarded as a spectacular success for the Estate, the Tax Court rendered a 271-page decision about the value of Jackson’s Estate, including valuing Jackson’s post-mortem right of publicity at just over $4 million. While some states, like California, have recognized post-mortem publicity rights for decades, in New York they are brand new, the New York statute granting such rights having only gone into effect on May 29, 2021. This year’s Mortimer H. Hess Lecture features a distinguished panel of experts: Estate & Gift Taxation Committee member Sharon L. Klein of Wilmington Trust, N.A. in New York, will moderate the panel and provide critical background on the enactment and implications of the New York statute, Thomas W. Abendroth of Schiff Hardin LLP in Illinois will focus on planning considerations, and two panelists who were intimately involved in the valuation dispute between the Estate of Michael Jackson and the IRS will provide their personal insights. Jeryll S. Cohen of Freeman Freeman & Smiley, LLP, in California, was on the team who represented the Estate in its dispute with IRS, and Mark Roesler of CMG Worldwide, Inc., California, valued Michael Jackson’s name and image on behalf of the Estate in connection with the Tax Court case and that appraisal was largely accepted by the Tax Court. In addition to reviewing the history of the Jackson Estate tax litigation and how its lessons may better inform front-end estate planning, the panel will explore the provisions of the newly enacted New York legislation, and present a state survey to examine the status of post-mortem publicity rights across the country. Drawing on jurisdictions such as Illinois and California, which have long accorded post-mortem publicity rights, they will reveal techniques that New York practitioners should consider in planning with these new rights for their clients, including for actors, musicians and athletes, to minimize transfer tax costs and maximize opportunities for heirs.
David E. Stutzman, Seward & Kissel LLP
Moderator and Speaker:
Sharon L. Klein, President, Family Wealth, Eastern U.S. Region, Wilmington Trust, N.A., New York, New York.
Thomas W. Abendroth, Partner, Schiff Hardin LLP, Chicago, Illinois
Jeryll S. Cohen, Partner, Freeman Freeman & Smiley, LLP, Century City, California
Mark Roesler, Founder, CMG Worldwide, Inc., West Hollywood, California
Click Here to View Speaker Bios
Sponsoring Association Committee:
Estate & Gift Taxation, David E. Stutzman, Chair
Since the late 1960s, the Mortimer H. Hess Memorial Lecture has been sponsored annually by the Estate & Gift Taxation Committee. The lecture series, originally created by the family of the late tax lawyer Mortimer H. Hess, are made possible through a generous grant from Mr. Hess’s family and former partners. The subjects of the lectures are related to the law of trusts, estates, and taxation, subjects on which Mr. Hess was an acknowledged authority.
Friday, January 8, 2021
The following is posted as a courtesy to YIP Man (Associate Professor, Director of Centre for Commercial Law in Asia, Singapore Management University School of Law):
The fourth conference in the “Modern Studies in the Law of Trusts and Wealth Management” series will take place virtually via Zoom on 22-23 July 2021. The daily conference proceedings will take place between: 8 am and 1 pm (UK time); 5 pm and 10 pm (Melbourne/Sydney time); 3 pm and 8 pm (Singapore time). The 2021 conference will be co-organised by the Centre for Commercial Law in Asia Singapore Management University, the University of York, and the Asian Law Centre Melbourne Law School.
The theme of the conference is “Philanthropy in the Age of Covid-19: Asian and Global Perspectives”. The conference will focus on current developments and challenges facing the philanthropic sphere in the contemporary political and socio-economic climate, with particular emphasis on the unprecedented challenges brought about by the global COVID-19 pandemic and the urgent need for Governments, charities and NGOs to step up to fill the growing needs of the most vulnerable members of society. The conveners of the conference (Richard Nolan (York), Tang Hang Wu (SMU), Yip Man (SMU) and Ying Liew (Melbourne)) plan to publish a selection of the papers presented at the conferences.
If you would like to offer a paper, please submit a working title and an abstract (of no more than 1500 words) by 28 February 2021 by email to Yip Man (email@example.com) and Ying Liew (firstname.lastname@example.org). The conference conveners are particularly keen to hear from Asian, women and young scholars in the field. Acceptance will be on a rolling basis and the conference conveners will be grateful for early submissions. There are no speaker registration fees for this conference.
Monday, December 21, 2020
Webinar: Understanding the IRA Distribution Rules under the Secure Act: Includes Practitioner Issues and IRS Compliance Issues
A webinar program entitled, Understanding the IRA Distribution Rules under the Secure Act: Includes Practitioner Issues and IRS Compliance Issues will be held on December 30, 2020 from 1:00 PM ET to 2:30 PM EST. You can register by clicking on the link above. Provided below is more information on the program.
Many taxpayers have accumulated a considerable amount of assets in their retirement accounts. These assets may be in their 401(k), another type of qualified plan, a 403(b) arrangement, a 457 governmental plan, a traditional IRA and a Roth IRA. Estate and income tax planning are more important than ever, especially under the Secure Act, when advising a client that has substantial retirement type assets. This program covers many of the rules that you need to know when implementing an estate plan for the client that has substantial retirement assets. IRS Compliance is now a major issue in retirement distribution planning for IRA owners and IRA beneficiaries.
The Secure Act has many deadline rules that have to be tracked in order to avoid IRS penalties. You must become familiar with these deadlines. In addition, unintended beneficiaries of retirement accounts must be avoided. In his exclusive LISI Webinar, Seymour Goldberg will review the following topics:
- Common errors in retirement distribution planning
- Roth IRA taxing issues: Failure to list basis of Roth IRA account on Schedule A of Form 8971 (no exception provided for under the proposed regulations)
- Why many beneficiary forms are defective
- Unintended beneficiaries of retirement accounts
- Customized sample beneficiary forms
- Advantages of a Trust as the beneficiary of an IRA
- Disadvantages of a Trust as the beneficiary of an IRA
- Statute of limitation issues involving IRA penalties
- Comment letter to IRS and Treasury regarding post-death Roth IRA distributions to trusts. Comment letter discusses lack of adequate disclosure that may trigger an IRS examination of the trust return
- And much more
SEYMOUR GOLDBERG, CPA, MBA (Taxation), JD, is a senior partner in the law firm of Goldberg & Goldberg, P.C., Melville, New York. Professor Emeritus of Law and Taxation at Long Island University. Former Director of the Tax Institute of the C.W. Post Campus of Long Island University. Recipient of the American Jurisprudence Award in Federal Estate and Gift Taxation from St. John’s University School of Law. CLE instructor for many professional organizations including the New York State Bar Association, American Bar Association, NJICLE, City Bar Center for CLE, local bar associations and law schools. Mr. Goldberg is admitted to practice law in New York State. Authored 4 manuals for the American Bar Association on IRAs and on Trusts. His American Bar Association manual entitled “Can You Trust Your Trust” can be found on Amazon. Mr. Goldberg handles probate matters, tax disputes with the IRS and the IRS appeals office, IRA penalty waivers and New York State Department of Taxation tax disputes. Represents clients in IRS ruling requests (over 75). Wrote an amicus brief in the 2014 inherited IRA Supreme Court Case, Clark v. Rameker. His manuals for the American Bar Association can be found in over 100 law school libraries throughout the United States. He is a member of the Relations with the IRS Committee of the New York State Society of Certified Public Accountants. He was formerly associated with the Internal Revenue Service. Mr. Goldberg has conducted continuing education courses with the IRS on the retirement distribution rules. He has recommended corrections to IRS Publication 590 working pro bono with the IRS and then Congressman Steve Israel. This resulted in IRS revisions and the adoption of IRS Publication 590-A and IRS Publication 590-B. He is the recipient of Outstanding Discussion Leader Awards from both the AICPA and the Foundation for Accounting Education. He has conducted well over 300 CPE programs in the field of taxation including over 100 CPE programs involving IRAs and IRA Compliance issues. Mr. Goldberg has been quoted in the New York Times, Forbes, Fortune, Money Magazine, U.S. News & World Report, Business Week and the Wall Street Journal. He has also been interviewed on CNN, CNBC and WCBS.