2004 Estate & Business Planning Program Archives

Thursday, May 13, 2004
  • Timothy L. Moll
    Current Federal Developments Affecting Estate Plans & Estate Planning

    A survey of many significant federal developments relating to estate planning and how they pertain to Nebraska practice.
  • John B. Atkins, Sharon R. Kresha, Janet M. Labenz
    Implementing the Power to Adjust

    This program will analyze the challenge clients and their advicors face when confronted with trusts that are considered appropriate welth transfer and asset management vehicles in estate planning. With an historic tendency NOT to invest portfolios for total return over ever changing market cycles, practitioners need to be aware of the statutory requirement of prudent investing. Knowledge of this difficulty will be necessary to balance the needs of income beneficiaries and remaindermen while remaining impartial to all trust beneficiaries.
  • Raful
    "A Priest, a Rabbi and a Minister walk in your office..."

    Ethical Issues in Representing Multiple Clients." Conflict of interest issues regarding the ethical standards of representing multiple clients can be one of the most difficult issues for estate planning attorneys. This discussion will offer the current law in Nebraska on this matter, as well as a look at how the proposed new Model Rules might change the present standards.
  • Richardson
    A Guide to Exit Strategy and Transition Planning for Closely Held Businesses

    This presentation will address issues related to counseling business owners who are planning for the transition of ownership or sale of their closely held business.
  • Todd D. Turner
    Income Taxation of Trusts & Estates

    There are several unique tax concepts arising from the pass-through nature of trusts and estates, such as Distributable Net Income (DNI). We will review the calculation of DNI and the interaction between DNI, fiduciary accounting income, and taxable income. Capital gains and the distributive share of a partnership (or another estate or trust) are of particular concern, as they may inadvertently be trapped in the trust and taxed at the highly compressed trust tax rates. We will also briefly review the several options for filing returns and information reports that are available to the trustee of a grantor trust.
  • Wilson
    The Role of Medicaid in Catastrophic Health Care Funding

    The medicaid eligibility guidelines for single persons and married persons will be discussed. The deprivation rules and other spend down issues will be covered.
  • Professor William Lyons
    Update of Amendments to Nebraska UTC

    A review of several crucial amendments to the Nebraska Uniform Trust Code, including a spendthrift provision as a "material purpose" of a trust, the effect of incapacity of a settlor, and retroactive application of "rules of construction" and "presumptions" in the Nebraska Uniform Trust Code.
  • Kingan
    412(i) - the Hottest Topic in the Small Business Qualified Plan Market

    Section 412(i) provides an exception to the qualified plan funding limitations in IRC Section 412. By investing solely in guaranteed annuity or life insurance and annuity products, your clients can receive some of the largest allowable qualified plan contribution deductions. This presentation will describe the application and limitations of Section 412(i) and new IRS rules regarding the valuation of life insurance policies purchased or distributed from qualified plans. If time permits, we'll also spend a few minutes discussing new Split Dollar arrangements after final regulations.
Friday, May 14, 2004
  • Dennis W. Collins
    Current Nebraska Decisions and Legislation Affecting Estate Plans and Estate Planning

    A discussion of recent Nebraska Supreme Court decisions, Nebraska Court of Appeals decisions, and 2003-2004 Nebraska legislation affecting estate planning, probate, trusts, and property.
  • Michele L. Moser
    Death and Taxes: A Perspective on Federal Estate and Gift Tax Examinations

    This topic includes a look at the federal estate and gift tax examination process, the impact of recent cases, and the tips and traps of filing the gift and estate tax returns.
  • Nick R. Taylor
    Strangi-- Short for Stranglehold or Strange??

    A current look at the federal estate and gift tax law, and most current cases, impacting the use, drafting, and administration of partnerships and other entities as part of an overall estate plan. Be informed to know whether to hold, fold, or conform. Specific issues relevant to Nebraska will also be addressed.
  • H. Cameron Hinds
    Diversification and Risk Management Strategies

    The presentation will focus on strategies relating to concentrated equity positions and risk management strategies. The discussion will include the importance of appropriate diversification (both within fiduciary and non-fiduciary accounts), various option strategies, collars, variable forward sales and exchange funds.
  • Chandler A. Tyrrell, II
    Using Bargain Sales to Make Charitable Gifts
    One of the most underutilized creative gift plans is the bargain sale, but it may be poised for renewed interest as donors are looking to other long-term appreciated assets to achieve their philanthropic goals. Moreover, the low-interest rate environment has led to rising real estate values in many locales, and real estate often has been used to make bargain sales. This session will look at what exactly is a bargain sale, what are the potential benefits to your clients, and what caveats do you need to be aware of to make certain these benefits are not inadvertently lost.
  • Jenny R. Reefe
    Acronym Soup for the "Secure" Soul: HSA v. FSA v. MSA and LSA v. RSA v. ERSA

    Daily newspaper articles highlight the public's well-founded and growing concern about its health and retirement security. In response, the 108'h Congress and the Bush Administration have proposed a handful of new savings accounts: health savings accounts (HSAs), lifetime savings accounts (LSAs), retirement savings accounts (RSAs) and employer retirement savings accounts (ERSAs). This presentation will provide an overview of these savings initiatives, contrast the same to existing accounts and assess their impact on current financial products.
  • Professor Stefanie S. Pearlman, Professor Sandra B. Placzek
    From 0 to 60 . . . In 60 Minutes

    Click here to view printed material.
    Click here to view the Powerpoint slides
    Sixty websites in 60 minutes: a quick overview of Internet resources that you may not be aware of that could Placzek be helpful to you in your daily life . . . and at work. A variety of websites on a wide range of resources will be shown, with accompanying print materials delving more deeply into the websites covered.

    Attending this program earns Continuing Education credit as follows:

    CPA Continuing Education Credit: The program has been recommended by the Board of Accountancy for 13 hours credit.

    CFP Credit: Approved for 14 hours.

    Mandatory Credit for Iowa: Accredited under the regulations of the Iowa Supreme Court Commission on CLE for up to 13 hours of credit.

    Insurance Continuing Education Credit: Credit is pending approval.