Estate Tax Past, Present and Future Registration

Estate Tax Past, Present and Future---2010 Estates and 2011 Planning

Saturday, August 6, 2011 - 9:00 am to 5:00 pm
Mariner's Memorial Club & Hotel, 609 Sutter Street, San Francisco
Hotel 415-673-6672 Fax 415-981-3638
Pre-registration fee $399; $499 at door (Lunch Included)
Online Registration and Materials Order Form

Agenda

9:00 am to 12:00 pm Steve R. Akers and Ronald D. Aucutt

A. Legislative Background and Environment

1. History and significance of the 2010 Act

2. Political and legislative climate and what it means for future legislation

B. Estates of Decedents Who Died in 2010

1. Interpreting documents

2. Putting carryover basis in perspective

3. Evaluating the election out of the federal estate tax into carryover basis

4. Coping with the interrelationship of these issues--e.g., the impact of a carryover basis

election on the interpretation of documents

5. Dealing with state estate taxes in the absence of a federal estate tax [Note: California has

none.]

6. Fine tuning with disclaimers, QTIP elections, and the like

7. Getting the GST exemption right for 2010 testamentary transferees

8. Working with filing deadlines and extensions

9. Advising fiduciaries

C. Inter Vivos Transfers in 2010

1. Review awkward 2010 gifts

a. Evaluating aggressive formulas and similar techniques

b. Considering workouts like recissions or disclaimers [Note: it is generally too late to

disclaim gifts made after 11/06/2010.]

2. Getting GST exemption right for 2010 (and earlier) inter vivos transfers

a. What to do if the gift tax return is already filed

12:00 to 3:30 pm Steve Akers and Ronald Aucutt - Program will continue during buffet lunch

D. Planning in 2011 and 2012

1. Using and leveraging the gift and GST tax exemptions

2. Exploring "soft" gifts in which the donor can retain benefits and/or control

3. Reconsidering the significance of basis

4. Evaluating the "claw back" of gift tax exemption if the exemption goes down

E. Longer Term Planning

1. Revisiting the use and design of formulas

a, Flexibility

b. Possibility of repeal or other drastic change

2. Analyzing and explaining "portability"

a. Limitations and elections [Note: First elections are due October 1, 2011.]

b. Application to gifts and remarriage

c. Continued advantages and disadvantages of credit shelter trusts

F. Bracing for 2013

1. Planning for the possible return of pre-2002 law??

2. Handling the return of GST tax uncertainties

3:30 to 5:00 pm Kyle Martin, IRS Supervisory Tax Attorney, Oakland, and Keith Schiller

G. Practicalities with Form 706 Preparation for Deaths in 2010 and Beyond: The presenters will address

Form 706 preparation in the context of deaths in 2010 and beyond from the perspective of the private

practitioner and IRS compliance.

The Southern California Tax & Estate Planning Forum
2470 Union Street, San Diego, California 92101-1320
Telephone: 1-800-332-3755. Fax (619) 696-7010
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