FAEf o u n d a t i o n f o r a c c o u n t i n g

e d u c a t i o n

EstateAdministrationC o n f e r e n c eSecure your client’s future through effective

estate and trust administration.Wednesday, May 18, 2011

FAE Conference Center 3 Park Avenue, at 34th Street

19th FloorNew York, NY 100168:45 a.m.– 4:45 p.m.

Topics to Include:◆ Federal Estate Tax Law Changes

◆ Estates and Trusts as Shareholders of S Corporations

◆ Offshore Trusts: What You Need to Know About Structuring and U.S. Tax Reporting

◆ Tax Planning and Administrative Issues, with Regard to GRATs, QPRTs, and

Sales to Grantor Trusts

Note:This program is pending approval for PACE Recertification credit from the CFP® Board.

Now Available

via Live Webcastsee inside for details

EstateAdministrationC o n f e r e n c eSecure your client’s future through effective estate and trust administration.

Wednesday, May 18, 2011FAE Conference Center

3 Park Avenue, at 34th Street19th Floor

New York, NY 100168:45 a.m.– 4:45 p.m.

(Check-in begins at 8:15 a.m.)

Designed for: CPAs and other financial advisors involved in all aspects of estate and trust administration, includingthose who advise executors and trustees.

Objectives: To enable participants to learn about current changes in the tax laws affecting estate and trust planning andadministration.

Time: 8:45 a.m.–4:45 p.m. (Check-in begins at 8:15 a.m.)

Sponsoring Committee: Trust and Estate Administration Committee, NYSSCPA

Sponsoring Committee Chair: Anthony F. Rappa, CPA, Manager, EisnerLubin llp

Sponsoring Conference Chair: Ita M. Rahilly, CPA, AEP, Partner, Vanacore, DeBenedictus, DiGovanni & Weddell LLP

Sponsoring Conference Cochair: Martina Weihs-Werner, CPA, MBA, MST, Tax Manager, Anchin, Block & Anchin LLP

Level: Update

Prerequisite: Prior experience in this field

Method of Presentation: Lecture, question-and-answer opportunities, audience participation

Field of Study: Taxation

Recommended CPE Credit Hours: 8

PACE Credit Hours: 8 (Pending Approval)

Developer: Foundation for Accounting Education

Course Code: 25608111 (In-Person); 35608111 (Live Webcast)

Product ID: 20450 (In-Person); 20707 (Live Webcast)

Member Fee: $335 (In-Person); $235 (Live Webcast)

Nonmember Fee: $435 (In-Person); $335 (Live Webcast)

PROGRAM DETAILS

8:15–8:45 a.m.Check-in, Continental Breakfast, and Networking

8:45–8:50 a.m.Welcome and IntroductionCommittee Chair: Anthony F. Rappa, CPA, Manager, EisnerLubin llp Conference Chair: Ita M. Rahilly, CPA, AEP, Partner, Vanacore, DeBenedictus, DiGovanni & Weddell LLP Conference Cochair: Martina Weihs-Werner, CPA, MBA, MST, Tax Manager, Anchin, Block & Anchin LLP

8:50–10:20 a.m.Current Events in Estate and Trust AdministrationCatherine Grevers Schmidt, JD, Partner, Patterson Belknap Webb & Tyler LLP

Ms. Schmidt returns to provide an update on current events in the estate and trust field. She will discuss recent court cases and rulings, and will inform you about the recently enacted estate tax law.

CONFERENCE PROGRAM

10:20–10:30 a.m.Break

10:30–11:50 a.m.Estate and Trust Administration with S CorporationsKaren L. Goldberg, JD, LLM, Managing Director, RSM McGladrey, Inc.

Back by popular demand, Ms. Goldberg will expand on estates and trusts as S corporation sharehold-ers. S corporations in an estate or trust pose many issues that challenge the most seasoned tax preparers. She will communicate how an S corporation’s status is preserved when a shareholder dies, and the types of trusts that can be S corporation shareholders.

11:50 a.m.–1:10 p.m.Estates and Trusts with Interests in PartnershipsLaurence Keiser, CPA, JD, LLM, Partner, Stern Keiser & Panken, LLP

The number of estates and trusts with partnership interests has increased. Mr. Keiser will discuss part-nership interests in estate and trust administration, items to be considered, and opportunities to be explored.

1:10–2:00 p.m.Luncheon

2:00–3:15 p.m.Offshore Trusts Brent Lipschultz, CPA, JD, LLM, Principal, EisnerAmper LLPCristina N. Wolff, CPA, Director, EisnerAmper LLP

The speakers will uncover different tax issues applicable to grantor and nongrantor foreign trusts. Youwill be exposed to how they are utilized on inbound and outbound tax planning and compliance withU.S. tax.

3:15–3:25 p.m.Break

3:25–4:40 p.m.Tax Planning Issues and Opportunities with Certain Types of TrustsTamir Dardashtian, Esq., Anchin, Block & Anchin LLP Bernard Rappaport, CPA, Tax Partner, Anchin, Block & Anchin LLP

Learn about tax planning and administrative issues with regard to GRATs, QPRTs, and sales to grantortrusts. A description of trust provisions and the income of gift, estate, and generation skipping and taxplanning opportunities will be provided.

4:40 p.m.Closing RemarksCommittee Chair: Anthony F. Rappa, CPA, Manager, EisnerLubin llp Conference Chair: Ita M. Rahilly, CPA, AEP, Partner, Vanacore, DeBenedictus, DiGovanni & Weddell LLP Conference Cochair: Martina Weihs-Werner, CPA, MBA, MST, Tax Manager, Anchin, Block & Anchin LLP

ABOUT THE COMMITTEE CHAIR

Anthony F. Rappa, CPA, is a Manager with the accountingfirm of EisnerLubin llp, specializing in the area of estates,trusts, gifts, foundations, and judicial accountings. He is amember of the NYSSCPA and Chair of its Trust and Estate Ad-ministration Committee. He is also a member of the FamilyOffice Committee, the Membership Committee, and is on theBoard of the Estate Planning Council of New York City, Inc. Hehas been in the accounting field since 1987, including 10years as an officer in the Trust Department of Chase Manhat-tan Bank. In June 2010, he joined EisnerLubin after spend-ing more than two years with Marks Paneth & Shron LLP andeight years with Holtz Rubenstein Reminick LLP. He gradu-ated from Hunter College with a BA in Accounting and re-ceived his MBA from Long Island University.

ABOUT THE CONFERENCE CHAIR

Ita M. Rahilly, CPA, AEP, is a Partner in the Tax Division ofVanacore, DeBenedictus, DiGovanni & Weddell LLP. She isa member of the NYSSCPA, where she serves as a memberof the Trusts and Estate Administration; the Quality En-hancement Policy; and the New York, Multistate and LocalTaxation committees. At the chapter level, she has servedon the Board as President, President-elect, Treasurer, andas an at-large member as well. She currently Cochairs theMid-Hudson Chapter’s Estate Planning Committee, is amember of the Hudson Valley Estate Planning Council, andis a Past President of that organization. She received herBBA in Accounting from the University of Notre Dame.

ABOUT THE CONFERENCE COCHAIR

Martina Weihs-Werner, CPA, MBA, MST, is a Tax Manag-er at Anchin, Block & Anchin LLP, specializing in estateplanning, estate and trust administration, and judicial ac-counting. Her practice focuses on high-net-worth individ-uals and families in the areas of domestic and internationalincome, estate planning, dual residence, and internationaltaxation, and she works closely with clients’ attorneys andadvisors to develop optimal tax strategies. Before joiningAnchin, she was at a middle-market public accounting firmand began her career as an auditor, before specializing intaxation. She is a member of the NYSSCPA’s Estate Plan-ning and Trust and Estate Administration committees. Sheearned her MBA in Economics from the Vienna University ofEconomics and Business (WU) and her MS in Taxation fromthe Lubin School of Business, Pace University.

ABOUT OUR SPEAKERS

Tamir Dardashtian, Esq., is a licensed Attorney in the tax depart-ment of Anchin, Block & Anchin LLP. He is a member of the firm’sFamily Office, Wealth Management, and Estates & Trusts practicegroups. Throughout his career, he has handled all aspects of taxa-tion and planning for high-net-worth families and large trusts andestates, is a frequent speaker on trust and estate topics, and hasauthored numerous articles on a variety of subjects. He has hadhis work published in the newsletters Law Firm Partnership & Ben-efits Report and Accounting and Financial Planning for Law Firms,and has also been featured in several webinars. He is a member ofthe New York Bar Association, the American Bar Association, andthe NYSSCPA’s Estate Planning Committee. He earned hisBSBA—with a double concentration in Accounting and Finance—from Boston University, and his JD from Brooklyn Law School.

Karen L. Goldberg, JD, LLM, is a Managing Director in the NewYork office of RSM McGladrey, Inc., where she leads the Estate andTrust Group. For more than 20 years, she has specialized in estateplanning for closely held business owners, senior corporate exec-

utives, and other high-net-worth individuals. She also advises onpost-mortem planning, as well as fiduciary and individual incometax issues. She received a BA, her JD, and an LLM in Taxation fromBoston University.

Laurence Keiser, CPA, JD, LLM, is a Partner at Stern Keiser &Panken, LLP, specializing in the areas of tax planning and litigation,and estate planning and administration. He is a member of theWestchester County, New York State, and American Bar Associa-tions and currently serves as Chair of the Taxation Committee ofthe Trusts and Estates Section of the New York State Bar Associa-tion. He has served as Treasurer, Vice President, and executivecommittee member of the NYSSCPA; is a past President of itsWestchester Chapter; and is currently a Trustee of the Foundationfor Accounting Education. He is a nationally known author and lec-turer on tax subjects and was an Adjunct Professor at the graduateschools of New York University and Long Island University. He re-ceived both his BS in Accounting and LLM in Taxation from NewYork University, and his JD from St. John’s University.

Brent Lipschultz, CPA, JD, LLM, is a Principal in the PersonalWealth Advisory Practice Group and the Principal-in-Charge ofEisnerAmper LLP’s International Wealth Advisory Practice. Withmore than 14 years’ experience, he has accumulated extensiveknowledge in consulting with key executives and other high-wealth individuals in the United States and abroad on various per-sonal financial planning matters, with an emphasis in estate, gift,and generation-skipping transfers. Additionally, he has providedservices in the areas of compensation planning and charitable giv-ing. He is a frequent author and speaker on issues related to es-tate planning and has been quoted by Forbes, Newsweek, TheWashington Times, TheStreet.com, USA Today, and Reuters,among others. In addition to speaking about tax topics onBloomberg Television, CBS MarketWatch, and National PublicRadio, he has written numerous articles dealing with estate plan-ning and has been published in national publications including TheTax Adviser and Philanthropy Magazine.

Bernard Rappaport, CPA, is a Tax Partner at Anchin, Block & An-chin LLP, specializing in estate planning and the taxation of closelyheld businesses. His client base consists of high-net-worth indi-viduals, trusts and estates, real estate owners, law firms, andmoney managers. He served on the Partnerships and LLCs and theClosely Held and S Corporations committees of the NYSSCPA; is aformer Chair of the annual S Corporation Conference; and is pastChair of the Estate Planning Committee, of which he continues toremain a member. A frequent speaker, author, and webinar pre-senter, he has written several articles for professional publicationsand has spoken on estate planning, valuation, and partnership tax-ation. He received his BBA from Baruch College (CUNY) and an MSin Taxation from Pace University.

Catherine Grevers Schmidt, JD, is a Partner in the Personal Plan-ning Tax Group at the law firm of Patterson Belknap Webb & TylerLLP in New York. Her practice focuses on estate planning for high-net-worth individuals and families, the administration of trusts andestates, and the intergenerational transfer of wealth. Her workalso encompasses representing clients in contested estate andgift tax audits at all stages of the audit process, as well as beforethe United States Tax Court. She is quoted regularly in the mediafor her expertise in estate, gift, and generation-skipping transfertaxes, and is a frequent lecturer and author.

Cristina N. Wolff, CPA, is a Director at the New York City office ofEisnerAmper LLP. She has over 20 years of experience specializ-ing in tax planning and compliance for closely held companiesand high-net-worth individuals, both domestic and international.She is a member of the NYSSCPA and its Tax Oversight and Inter-national Tax committees, and is a past Chair of the latter. She isalso a member of the AICPA, the American Institute of WomenCertified Public Accountants, and the American Woman’s Societyof Certified Public Accountants. She began her studies in Ac-counting at the Universidad de Belgrano (de Ciencias Económi-cas) in Buenos Aires, Argentina, and graduated with honors fromthe City University of New York, at Herbert H. Lehman College, re-ceiving a BS in Accounting.

ABOUT THE COMMITTEE CHAIR

Anthony F. Rappa, CPA, is a Manager with the accountingfirm of EisnerLubin llp, specializing in the area of estates,trusts, gifts, foundations, and judicial accountings. He is amember of the NYSSCPA and Chair of its Trust and Estate Ad-ministration Committee. He is also a member of the FamilyOffice Committee, the Membership Committee, and is on theBoard of the Estate Planning Council of New York City, Inc. Hehas been in the accounting field since 1987, including 10years as an officer in the Trust Department of Chase Manhat-tan Bank. In June 2010, he joined EisnerLubin after spend-ing more than two years with Marks Paneth & Shron LLP andeight years with Holtz Rubenstein Reminick LLP. He gradu-ated from Hunter College with a BA in Accounting and re-ceived his MBA from Long Island University.

ABOUT THE CONFERENCE CHAIR

Ita M. Rahilly, CPA, AEP, is a Partner in the Tax Division ofVanacore, DeBenedictus, DiGovanni & Weddell LLP. She isa member of the NYSSCPA, where she serves as a memberof the Trusts and Estate Administration; the Quality En-hancement Policy; and the New York, Multistate and LocalTaxation committees. At the chapter level, she has servedon the Board as President, President-elect, Treasurer, andas an at-large member as well. She currently Cochairs theMid-Hudson Chapter’s Estate Planning Committee, is amember of the Hudson Valley Estate Planning Council, andis a Past President of that organization. She received herBBA in Accounting from the University of Notre Dame.

ABOUT THE CONFERENCE COCHAIR

Martina Weihs-Werner, CPA, MBA, MST, is a Tax Manag-er at Anchin, Block & Anchin LLP, specializing in estateplanning, estate and trust administration, and judicial ac-counting. Her practice focuses on high-net-worth individ-uals and families in the areas of domestic and internationalincome, estate planning, dual residence, and internationaltaxation, and she works closely with clients’ attorneys andadvisors to develop optimal tax strategies. Before joiningAnchin, she was at a middle-market public accounting firmand began her career as an auditor, before specializing intaxation. She is a member of the NYSSCPA’s Estate Plan-ning and Trust and Estate Administration committees. Sheearned her MBA in Economics from the Vienna University ofEconomics and Business (WU) and her MS in Taxation fromthe Lubin School of Business, Pace University.

ABOUT OUR SPEAKERS

Tamir Dardashtian, Esq., is a licensed Attorney in the taxdepartment of Anchin, Block & Anchin LLP. He is a memberof the firm’s Family Office, Wealth Management, and Es-tates & Trusts practice groups. Throughout his career, hehas handled all aspects of taxation and planning for high-net-worth families and large trusts and estates, is a fre-quent speaker on trust and estate topics, and has authorednumerous articles on a variety of subjects. He has had hiswork published in the newsletters Law Firm Partnership &Benefits Report and Accounting and Financial Planning forLaw Firms, and has also been featured in several webinars.He is a member of the New York Bar Association, the Amer-ican Bar Association, and the NYSSCPA’s Estate PlanningCommittee. He earned his BSBA—with a double concen-tration in Accounting and Finance—from Boston University,and his JD from Brooklyn Law School.

Karen L. Goldberg, JD, LLM, is a Managing Director in theNew York office of RSM McGladrey, Inc., where she leadsthe Estate and Trust Group. For more than 20 years, shehas specialized in estate planning for closely held businessowners, senior corporate executives, and other high-net-worth individuals. She also advises on post-mortem plan-ning, as well as fiduciary and individual income tax issues.She received a BA, her JD, and an LLM in Taxation fromBoston University.

Laurence Keiser, CPA, JD, LLM, is a Partner at Stern Keis-er & Panken, LLP, specializing in the areas of tax planningand litigation, and estate planning and administration. Heis a member of the Westchester County, New York State,and American Bar Associations and currently serves asChair of the Taxation Committee of the Trusts and EstatesSection of the New York State Bar Association. He hasserved as Treasurer, Vice President, and executive commit-tee member of the NYSSCPA; is a past President of itsWestchester Chapter; and is currently a Trustee of theFoundation for Accounting Education. He is a nationallyknown author and lecturer on tax subjects and was an Ad-junct Professor at the graduate schools of New York Univer-sity and Long Island University. He received both his BS inAccounting and LLM in Taxation from New York University,and his JD from St. John’s University.

Bernard Rappaport, CPA, is a Tax Partner at Anchin, Block& Anchin LLP, specializing in estate planning and the taxa-tion of closely held businesses. His client base consists ofhigh-net-worth individuals, trusts and estates, real estateowners, law firms, and money managers. He served on thePartnerships and LLCs and the Closely Held and S Corpora-tions committees of the NYSSCPA; is a former Chair of theannual S Corporation Conference; and is past Chair of theEstate Planning Committee, of which he continues to re-main a member. A frequent speaker, author, and webinarpresenter, he has written several articles for professionalpublications and has spoken on estate planning, valuation,and partnership taxation. He received his BBA from BaruchCollege (CUNY) and an MS in Taxation from Pace University.

Catherine Grevers Schmidt, JD, is a Partner in the Per-sonal Planning Tax Group at the law firm of Patterson Belk-nap Webb & Tyler LLP in New York. Her practice focuses onestate planning for high-net-worth individuals and fami-lies, the administration of trusts and estates, and the inter-generational transfer of wealth. Her work also encompass-es representing clients in contested estate and gift taxaudits at all stages of the audit process, as well as beforethe United States Tax Court. She is quoted regularly in themedia for her expertise in estate, gift, and generation-skip-ping transfer taxes, and is a frequent lecturer and author.

Cristina N. Wolff, CPA, is a Director at the New York Cityoffice of EisnerAmper LLP. She has over 20 years of expe-rience specializing in tax planning and compliance forclosely held companies and high-net-worth individuals,both domestic and international. She is a member of theNYSSCPA and its Tax Oversight and International Tax com-mittees, and is a past Chair of the latter. She is also amember of the AICPA, the American Institute of WomenCertified Public Accountants, and the American Woman’sSociety of Certified Public Accountants. She began herstudies in Accounting at the Universidad de Belgrano (deCiencias Económicas) in Buenos Aires, Argentina, andgraduated with honors from the City University of NewYork, at Herbert H. Lehman College, receiving a BS in Ac-counting.

C o n f e r e n c e

Estate Administration

How to register for the In-Person conference:a Online at www.nysscpa.org.a OR by phone at (212) 719-8383 or (800) 537-3635.a OR fill out the registration form below and mail it to:

Foundation for Accounting EducationP.O. Box 10490Uniondale, NY 11555-0490

OR fax the registration form to (866) 495-1354.

Registration Form (for In-Person conference only)Important! Please use one registration form per person. This form may be photocopied.

Wednesday, May 18, 2011FAE Conference Center3 Park Avenue, at 34th Street19th Floor New York, NY 100168:45 a.m.– 4:45 p.m. (Check-in begins at 8:15 a.m.)Course Code: 25608111 (In-Person)Product ID: 20450 (In-Person)

Today’s Date _________________________________________________________

NYSSCPA Member � Yes � No

Member ID No. ______________________________________________________

Name (Print) ________________________________________________________

Title (Print) __________________________________________________________

Firm _______________________________________________________________

Firm Address ________________________________________________________

City __________________________ State________________ Zip ______________

Telephone ____________________________ Fax ___________________________

E-mail ______________________________________________________________

Check One:�Member Fee: $335 �Nonmember Fee: $435

Method of Payment (to use POP 2011, see below)

�Check Payable to FAE � American Express �MasterCard � Visa�Discover

Credit Card No. ________________________________ Exp. Date ______________Cardholder’s Name ___________________________________________________Cardholder’s Signature ________________________________________________

POP 2011 PassCheck One:� Individual POP 2011 Pass � Firm POP 2011 Pass

POP 2011 Coupon No. _________________________________________________

Registration Information: All registrations must be received 14 days prior to the event in order toguarantee a seat and course materials. Allow approximately 14 days for your return confirmation.Registrants who do not receive a confirmation cardbefore the conference must call FAE Registration toconfirm registration status. Individuals who havenot registered before the 14-day cutoff must call to determine space availability. Advance paid registrants will be seated first. For space availabilityand registration information, call FAE Registrationduring business hours.

Program Details: Check-in begins at 8:15 a.m., Wednesday, May 18, 2011. Program begins at 8:45 a.m. and ends at 4:45 p.m.

POP 2011 Pass: Take advantage of the savings! If you are a POP 2011 Pass holder, simply return thecompleted registration form with a POP 2011 Passnumber, call FAE Registration at 800-537-3635, or register online at www.nysscpa.org. Each registrant requires a POP 2011 Pass number. Registrations must be received by FAE 14 days prior to any CPE conference or seminar. POP 2011 participants will not be admitted as walk-ins. Some restrictions apply.For more information on the POP 2011 (Pay-One-Price) Program, call FAE Registration at 800-537-3635or visit our website at www.nysscpa.org.

Payment Information: Payment may be made bycheck or may be charged to American Express, MasterCard, Visa, or Discover. Credit card informa-tion must accompany all fax, phone, and online registrations.

Special Requirements: Participants with special requirements should notify FAE staff at least 14 daysin advance of the program.

Refunds: No refunds will be given for cancellationsreceived less than 14 days prior to the program date.A $50 processing fee will be deducted from refundsfor cancellations received more than 14 days prior tothe program date.

Transfers: FAE allows a registrant to transfer to anotherprogram or substitute another person without a penalty more than 14 days prior to the program date.Transfers and substitutions requested less than 14 daysprior will be charged a $25 processing fee.

Walk-ins: All individuals who register on the date ofthe program will be charged an additional $25 fee.

Mandatory Continuing Education Requirement:This program complies with the standards set forthby the New York State Education Department formandatory continuing education for CPAs. FAE’sNew York State CPE sponsor number is 000372,New Jersey 20CE00022200; PennsylvaniaPX177239.

© 2011 Foundation for Accounting Education

11-0236

Can't attend this event in person? Attend the Live Webcast!How to register for the Live Webcast using a credit card:

a Online at www.nysscpa.org/e-cpe. a OR by phone at (877) 880-1335.

Use Course Code: 35608111 Product ID: 20707Member Fee:$235 Nonmember Fee:$335 To register for the Live Webcast using a POP 2011 coupon, call FAE Registration at (212) 719-8383 or (800) 537-3635.

R E G I S T E R F O R T H I S C O N F E R E N C E

This is a paperless event. When you see this icon onany conference, seminar, or other event details page, itmeans course materials will be available in electronicPDF format only. Within two weeks prior to the event,you will be e-mailed a link to the course materials andyou may download the PDF file, save it to your com-puter, or print all or portions of it at your discretion.

Secure your client’s future through effective estate and trust administration.

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York, NY 100168:45 a.m

.–4:45 p.m. (Check-in begins at 8:15 a.m

.)Course Code:25608111 (In-Person); 35608111 (Live W

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ebcast)