annual institute on tax, estate planning and the … · jay d. adkisson, jd partner, riser adkisson...

• 2019 Annual Estate, Gift and GST Tax Updates

• Reasons for the increase in U.S. investments from China

• Piercing asset protection trusts versus hybrid asset protection trusts

• Impact of the IRC 199A Deduction

• A judge’s perspective on negotiating and settling disputes

• Qualified Small Business Stock under IRC 1202

Conference program includes:

FEBRUARY 4-5, 2019 FASHION ISLAND HOTELNEWPORT BEACH, ORANGE COUNTY, CALIFORNIA

Register now at www.stepoc.org/institute

We are applying for 14 hours of nationwide continuing education for attorneys, accountants and certified financial planners.

DELEGATE FEE

STEP Members Non-Members

Early rate by December 31, 2018 799 USD 999 USD

Regular rate 899 USD 1,099 USD

• Effect of the election in Mexico on estate planning

• Fiduciary and trustee litigation and how to avoid it

• Planning with life insurance

• Secrets of how successful families transfer wealth

• Charitable planning with charitable remainder trusts

• Annual memorial lunch presentation honoring ACTEC Fellow Jon Gallo

About the VenueFashion Island Hotel, Newport Beach, California

Book at our conference rate – www.stepoc.org/hotel

TITLE SPONSOR RECEPTION SPONSOR SPEAKERS’ DINNER

2019 SPONSORS INCLUDE

“I was so impressed at the caliber of the STEP Orange County conference. I thought the program and speakers were excellent and the organization of everything was second to none. A very slick event indeed!”

— Patricia Wass, 2018 STEP Worldwide Chair

8TH ANNUAL INSTITUTE ON TAX, ESTATE PLANNING AND THE WORLD ECONOMY

NEW PLANNING OPPORTUNITIES UNDER THE TAX ACT AND INTERNATIONAL ESTATE PLANNING

The STEP Orange County conference will cover the most important domestic and

international estate and tax planning opportunities for attorneys, accountants, wealth

managers, financial advisors, and life insurance agents, as well as provide insights for

corporate trustees, private fiduciaries, and charitable planning consultants. The conference

will cover critical issues related to the recent election in Mexico and the upsurge of foreign

investments in U.S. assets, particularly from Asia. There will be enjoyable networking events,

such as a top-notch cocktail reception and catered breaks. We look forward to learning and

sharing with you.

Kristin YokomotoSTEP Orange County Chair



Day 1: Monday, February 4, 2019

7:00am Registration, Breakfast and Exhibits

8:00am Opening Remarks

8:10am U.S. Income Taxation of Beneficiaries of Foreign Trusts

Differences in foreign trust law and trust administration outside of the U.S. often makes advising U.S. clients on the U.S. tax issues related to foreign trusts quite challenging. This presentation will address the significant U.S. income tax issues affecting U.S. settlors and beneficiaries of trusts administered outside the U.S., with an emphasis on how to handle the frequent conflicts which can arise. M. Read Moore, Partner, McDermott Will & EmerySan Francisco, California

9:10am Understanding the Mechanics and Administration of Irrevocable Life Insurance Trusts

This presentation will focus on the proper mechanics of creating and administering irrevocable life insurance trusts (ILITs). Crummey Notices, premium payments, generation skipping transfer tax rules, and gift tax returns will be discussed. This presentation will also cover how to draft flexible ILITs, as well as deal with an ILIT that a client may no longer want. Colleen Barney, JD, LLM, Partner, Albrecht & BarneyIrvine, California

10:10am Break and Exhibits

10:30am Charitable Planning under the Tax Cuts and Jobs Act

This presentation focuses on a variety of charitable planning techniques and new developments. It will address charitable planning after the 2017 Tax Cuts and Jobs Act, changes in valuation of interests in income-only charitable remainder trusts (CRTs), early termination of CRTs, use of qualified contingencies in CRTs, and more.Lawrence P. Katzenstein, JD, ACTEC, Partner, Thompson CoburnSt. Louis, Missouri

11:30am 2019 Annual Estate, Gift and GST Tax Updates

This annual presentation will cover the 2019 income, gift, estate, and generation skipping transfer tax planning. The presenter will also provide a comprehensive update on new legislation, rulings and cases that every practitioner needs to understand to protect the firm’s clients and practice. Andrew M. Katzenstein, JD, ACTEC, Partner, Proskauer Los Angeles, California

12:30pm Lunch Setup

12:45pm Jon Gallo Memorial Lunch Presentation - A Judge’s Way to Effectively Resolve Trust and Estate Disputes

Disputes over money and assets that arise after a loved one dies can be difficult and destructive. This presentation will address the real issues at play when disputes arise. It will cover negotiation and settlement strategies to hopefully resolve the matter in a cost-effective manner through mediation as quickly as possible. Honorable James P. Gray (Ret.), Mediator, ADR Services Irvine, California

1:45pm Helping Fiduciaries Deflect the Arrows Aimed at Them

This presentation will explore proactive and defensive actions that might be available to fiduciaries to protect them from liability in breaches of fiduciary duties related litigation. Understanding such options and defenses is also useful for drafting wills and trusts. Sandra D. Glazier, JD, Partner, Lipson NeilsonBloomfield Hills, Michigan

2:45pm Break and Exhibits

3:05pm New Strategies for New Times - Wealth and Tax Planning for High Net Worth Mexican Families

Learn about new defensive wealth planning and pre-immigration tax and estate strategies for high net worth Mexican families. Understand what may be expected after the recent Mexican presidential election and proposed tax law changes. Learn how to incorporate U.S. based strategies for holding Mexican assets. Enrique Hernandez-Pulido, MBA, LLD, LLM, Partner, ProcopioSan Diego, California and Mexico

4:05pm Announcements

4:15pm Piercing Asset Protection Trusts - Creditors’ Rights, Tactics and Strategies

Creditors have their own tactics and strategies too, and rarely will attack an asset protection plan the way the planner hopes. This presentation discusses how creditors view and pursue judgment enforcement cases, including how they variously attempt to circumvent or disarm common asset protection tools. Jay D. Adkisson, JD, Partner, Riser AdkissonLas Vegas, Nevada and Newport Beach, California


5:25pm Cocktail Reception



Day 2: Tuesday, February 5, 2019

Who Should Attend and Why?Attorneys & Accountants

Hear about the current developments with the income,

gift and estate taxes.

Investment Advisors & Financial Planners

Listen to ways for your client to build wealth while

minimizing taxes.

Life Insurance Agents

Learn how to identify when your client needs an insurance

trust and what to do when your client no longer wants it.

Corporate Trustees & Private Fiduciaries

Listen to how to fulfill your fiduciary duties while

protecting your practice.

Charitable Planning Consultants

Learn about the recent developments in charitable

planning.

All Other Estate and Tax Planning Professionals

“ Great people, great topics, great location. That sums up the 2018

STEP Orange County conference for me. It was a well-organized and

highly valuable experience on both educational and professional

levels. I look forward to attending again next year.”

— Brent Nelson, JD, LLM, TEP, Snell & Wilmer, Tucson, AZ

“ The STEP Orange County Institute is the preeminent conference

for the sharing of cutting edge estate, trust, gift and succession

planning ideas among some of the nation’s most talented

attorneys, financial advisors and CPAs. Finally, and perhaps most

importantly, STEP Orange County Members have a great time!”

— Tom Monaghan, CPA, TEP, Allen Haight & Monaghan, Irvine, CA

“ As an exhibitor and an attendee, not only do you have exposure to

top level professionals, but you also get to sharpen your skills with

the best speakers in the country. Held at a great venue in Newport

Beach with a fun cocktail party - you just might be able to skip the

trip to Orlando for Heckerling.”

— Carsten Hoffman, ASA, TEP, Stout Risius Ross, Newport Beach, CA

7:30am Refreshments and Exhibits

8:00am Life Insurance as a Portfolio Stabilization Tool

This presentation will discuss the unique tax advantages of life insurance and how these features can translate into positive portfolio performance. This presentation will also cover how and when to transfer a policy from an individual or business to a trust, child or business partner, how to account for the policy value at transfer, and when to request values from the insurance company. Leigh Harter, CFP, ChFC, TEP Managing Director, NFP Insurance SolutionsChicago, Illinois

9:00am QSBS - The Quest for Quantum Exclusions (Queries, Qualms, and Qualifications)

Qualified Small Business Stock (QSBS) under IRC Section 1202 is not just for tech companies anymore. QSBS provides an exciting array of benefits for owners of new and pre-existing businesses. This presentation will discuss planning opportunities, pitfalls, and best practices when dealing with QSBS shareholders and entities that aspire to become QSBS companies. Paul S. Lee, JD, LLM, ACTEC, TEP Global Fiduciary Strategist, Northern TrustNew York, New York

10:00am Break and Exhibits

10:20am Announcements

10:25am Is the U.S. the Last Bastion for the World’s Wealth?

This presentation will discuss a darkening global political climate and the main reasons for the upsurge in U.S. investments by non-residents, including money coming from Asia, and particularly from China. It will also cover available investment products and structures for foreigners, as well as some of the issues raised by the recent U.S. tax law. And it will cover some of the new international issues of which U.S. practitioners ought to be aware. Joseph A. Field, JD, TEP Senior Counsel, PillsburyNew York, New York

11:25am Secrets of Successful Families – Transferring Family Values with Wealth for a Lasting Legacy

This presentation will focus on the common characteristics of families who have successfully transferred their values, in addition to their wealth, to future generations. The presenter will provide examples of practical contemporary tax and estate planning techniques that have helped such families build lasting legacies and harmonious relationships. Justin Miller, JD, LLM, CFP, ACTEC, TEP National Wealth Strategist, BNY Mellon San Francisco, California


12:30pm Lunch and Drawing

1:45pm The Hybrid Domestic Asset Protection Trust – Far Superior to a Regular DAPT

This presenter will cover why, after more than twenty years of DAPTs, there still hasn’t been one case where a creditor broke into a DAPT in a non-bankruptcy, non-fraudulent situation. The presentation will discuss the benefits of a DAPT and will also illustrate why a Hybrid DAPT can be superior to a regular DAPT or a Foreign Asset Protection Trust. Steven J. Oshins, JD, AEP (Distinguished) Partner, Oshins & AssociatesLas Vegas, Nevada

2:45pm Impact of the IRC Section 199A Deduction on Estate Planning

Understanding the planning opportunities under the new Section 199A 20% pass-through business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This presentation will explore the limitations of the 199A deduction and address how to design strategies that will help your clients optimize the deduction. Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) Partner, Keebler & AssociatesGreen Bay, Wisconsin

3:45pm Conclusion


Jay D. Adkisson, JDPartner, Riser AdkissonLas Vegas, Nevada and Newport Beach, California

Piercing Asset Protection Trusts – Creditors’ Rights, Tactics and Strategies

Andrew M. Katzenstein, JD, ACTECPartner, ProskauerLos Angeles, California

2019 Annual Estate, Gift and GST Tax Updates

Colleen Barney, JD, LLMPartner, Albrecht & BarneyIrvine, California

Understanding the Mechanics of Irrevocable Life Insurance Trusts

Lawrence P. Katzenstein, JD, ACTECPartner, Thompson Coburn LLPSt. Louis, Missouri

Charitable Planning Under the Tax Cuts and Jobs Act

Joseph A. Field, JD, TEP Senior Counsel, PillsburyNew York, New York

Is the U.S. the Last Bastion for the World’s Wealth?

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished)Partner, Keebler & AssociatesGreen Bay, Wisconsin

Impact of the New IRC Section 199A

Sandra D. Glazier, JDPartner, Lipson NeilsonBloomfield Hills, Michigan

Helping Fiduciaries Deflect the Arrows Aimed at the Target on their Backs

Paul S. Lee, JD, LLM, ACTEC, TEPGlobal Fiduciary Strategist, Northern TrustNew York, New York

QSBS - The Quest for Quantum Exclusions (Queries, Qualms, and Qualifications)

Honorable James P. Gray (Ret.)Mediator, ADR ServicesIrvine, California

A Judge’s Way to Effectively Resolve Trust and Estate Disputes

Justin Miller, JD, LLM, CFP, ACTEC, TEPNational Wealth Strategist, BNY MellonSan Francisco, California

Secrets of Successful Families – Transferring Values with Wealth for a Lasting Legacy

Leigh Harter, CFP, ChFC, TEPManaging Director, NFP Insurance SolutionsChicago, Illinois

Life Insurance as a Portfolio Stabilization Tool – Positive Impact on Portfolio Performance

M. Read Moore, JDPartner, McDermott Will & EmerySan Francisco, California

U.S. Income Taxation of Beneficiaries of Foreign Trusts

Enrique Hernandez-Pulido, MBA, LLD, LLMPartner, ProcopioSan Diego, California and Mexico

Wealth and Tax Planning for High Net Worth Mexican Families

Steven J. Oshins, JD, AEP (Distinguished)Partner, Oshins & AssociatesLas Vegas, Nevada

The Hybrid Domestic Asset Protection Trust – Far Superior to a Regular DAPT

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annual institute on tax, estate planning and the … · jay d. adkisson, jd partner, riser adkisson...

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