February 11, 2020 - 8th Annual Estate Planning Symposium
8:00 – 8:30am - Breakfast, Registration and Networking with Sponsors
8:30 – 8:45am - Welcome and Introductions
8:45 – 9:35am
PRE-U.S. IMMIGRATION TAX PLANNING USING INSURANCE WRAPPERS AND USING LIFE INSURANCE TO MITIGATE THE THROWBACK TAX
Michael Kosnitzky, JD | Pillsbury Winthrop Shaw Pittman LLP | Miami, FL
This presentation will discuss the basics of pre-immigration tax planning as well as pre-U.S. domicile gifting and the creation of a “drop off trust.” The session will also discuss the taxation of foreign non-grantor trusts; the general taxation of trusts; and an overview of the “throwback tax” rules, along with solutions for mitigating Undistributed Net Income or UNI. Finally, the presentation will provide examples of strategies using life insurance to mitigate the throwback tax.
9:35 – 9:40am – Break
9:40 – 10:30am
DON'T PANIC! 42 THINGS TO LOOK OUT FOR AT THE INTERSECTION OF BUSINESS ENTITIES AND ESTATE PLANNING
Cristin C. Keane, JD, LLM | Carlton Fields, P.A. | Tampa, FL
Whether your client has existing business entities that need to be considered in his or her estate plan or you are looking to utilize a business entity to effectuate the estate plan, the type of entity you are dealing with can make a big difference. This presentation will focus on tax and state law considerations related to the lifetime and testamentary transfers of business interests, as well as the choice of entity opportunities and considerations when developing and implementing the estate plan.
10:30 – 10:50am - Break and Networking with Sponsors
10:50am – 12:05pm
U.S. PERSONS HAVING INTERESTS IN NON-U.S. ESTATES AND TRUSTS
Simon P. Beck, Esq. | Baker McKenzie | New York, NY
Madelayne Cordero, JD, TEP | City National Wealth Management | Miami, FL
Maria Toledo, CPA, MST | Kaufman Rossin | Miami, FL
U.S. grantors and beneficiaries of foreign trusts have complex and different reporting requirements from those that are imposed on domestic trusts (i.e. U.S. trusts). The taxation of the income and distributions is also different and depends on how the foreign trust is classified for U.S. federal income tax purposes and the beneficiaries’ status as U.S. or foreign persons at the time of distribution. This presentation will provide an introduction to the tax rules that classify a trust as foreign or domestic, the U.S. federal taxation that results from having a foreign trust, and the IRS reporting requirements you should be aware of when there is a foreign trust.
12:05 – 1:15pm - Luncheon and Networking with Sponsors
1:15 – 2:55pm
PLANNING FOR THE "NON-TAXABLE" ESTATE
Paul S. Lee, JD, LLM | The Northern Trust Company | New York, NY
This presentation will discuss what advisors should tell their wealthy (but not ultra-wealthy) clients who no longer have a Federal estate tax problem because of the very high (and temporarily doubled) applicable exclusion amounts. It will discuss innovative estate and income tax planning techniques in light of estates of varying sizes, the risk of expiring exclusions, the “anti-clawback” regulations, and state income and death tax considerations.
2:55 – 3:15pm - Break and Networking with Sponsors
3:15 – 4:05pm
JOINT REVOCABLE TRUSTS: DOMESTIC AND INTERNATIONAL CONSIDERATIONS AND PITFALLS
Patrick J. Lannon, JD | Shutts & Bowen LLP | Miami, FL
Jennifer J. Wioncek, JD, LLM | Bilzin Sumberg | Miami, FL
Clients often prefer joint revocable trusts because they appear to match their treatment of "marital" assets. However, the appearance does not match the reality in separate property jurisdictions. The appearance of simplicity is misleading and can create unexpected complications and litigation. Joint revocable trusts can be the best tool for community property, but can also create substantial complexity if there is a mix of community and separate property.
4:05 – 4:10pm – Break
4:10 – 5:00pm
TAX AND RETIREMENT PLANNING ROUNDTABLE – THE SECURE ACT AND THE NEW AGE OF IRAS, 401(K)S, AND QUALIFIED PLANS
Philip Herzberg, CFP®, CTFA, AEP®, MSF | The Lubitz Financial Group | Miami, FL
Benjamin D. Bohlmann, CPA | Bohlmann Accounting Group, PLLC | Miami, FL
Patricia L. Green, CPA, CSEP | EisnerAmper | Miami, FL
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, if signed into law, would create the most significant changes to retirement planning since the 2006 Pension Protection Act, including: the elimination of “the stretch IRA”; Required Minimum Distribution (RMD) provisions; the age cap for IRA contributions; 401(k) eligibility for part-time employees; Multiple Employer Plans (MEPs) for small businesses; and access to annuities as investment options. This panel will discuss proposed changes; highlight best practices for clients and their families to maximize tax savings and retirement income; and provide alternative planning opportunities to grow wealth and minimize taxes in light of the SECURE Act.
5:00pm - Wrap up and raffles
CLE: Approved by The Florida Bar for seven and one-half (7.5) hours of General CLE credit – Certification Credits: Business Litigation: 1 hour; Elder Law: 7.5; Immigration and Nationality Law: 1 hour; International Law: 2.5 hours; International Litigation & Arbitration: 2.5 hours; Tax Law: 4.0 hours; Wills, Trusts & Estates: 7.5 hours
CFP: Accepted by the Certified Financial Planner Board of Standards, Inc. for seven and one-half (7.5) hours of CE credit for CFP® Certificants
FL Insurance: Approved for seven (7) hours of Florida Insurance CE credit from the Florida Department of Financial Services
CTFA: Approved for seven and one-half (7.5) hours of CTFA CE credit; one (1) hour CISP CE credit; and one (1) hour CRSP CE credit
CPE for CPAs: Qualifies for seven and one-half (7.5) hours of self-reported CPE credit for Florida CPAs
CLU, ChFC: Qualifies for seven and one-half (7.5) hours of self-reported PACE CE credit (CLU, ChFC) from the American College
CIMA, CPWA: Qualifies for seven and one-half (7.5) hours of CIMA and CPWA CE upon self-reporting & review by Investments and Wealth Institute (formerly IMCA)
- 2/1/20 through event: EPC Members - $250.00, Non-Members - $295.00
- Full-time Students: $95.00
Register and pay online below; OR scan and email registration form (see link below) with credit card information to email@example.com; OR mail registration form with check payable to EPC of Greater Miami or credit card information to EPC of Greater Miami, c/o Manageability, 1821 Hillandale Rd., Suite 1B-320, Durham, NC 27705-2659; OR fax registration form with credit card information to 919-287-2711.
Cancellations received in writing by January 31, 2020, will receive a full refund, less a $25 administrative fee. There will be no refunds after January 31, 2020. All fees must be paid in advance. Program subject to change. Please contact us with any special access or dietary needs.
- 2020 SYMPOSIUM SPONSORSHIP OPPORTUNITIES
- 2020 Symposium speaker bios - rev.
- 2020 Symposium agenda & registration form rev 1-20-20
- 2020 Symposium Sponsor Material and Contact Information
- 2020 Symposium Speaker Material - Morning Sessions
- 2020 Symposium Speaker Material - Afternoon Sessions