Agenda
Registration: 8:00 – 8:30 am
Morning Session: 8:30 am – 12:00 pm
Lunch (On your own): 12:00 – 1:00 pm
Afternoon Session: 1:00 – 5:00 pm
Understanding Estate, Gift, Income and Trust Taxation A. Cobin
Overview of federal estate and gift taxation
Calculating the estate tax
Overview of trust taxation
Examining estate, gift and GST rates and exemptions
The Critical Role of Testamentary Trusts in the Estate Plan A. Cobin
Purposes and features of trusts, including testamentary trusts
• Credit shelter/bypass trusts
• Marital trusts and family trusts
Spousal lifetime access trust
Choosing a trustee and a situs
Irrevocable Trusts and the Basics A. Cobin
Purposes of irrevocable trusts
Understanding related tax issues
Crummey powers
Amendment/termination strategies
Dynasty trusts
Income and Generation-Skipping Transfer Tax Basics A. Cobin
Overview of the income tax system
Overview of GST
199A
Using Revocable Trusts J. Spain
Characteristics and advantages/disadvantages of revocable trusts
Understanding related tax issues
IRAs and Trusts: Sophisticated Beneficiary Choices J. Spain
General overview
Spousal rights and distribution rules
Using a trust as a plan beneficiary
Estate planning and charitable planning with qualified plans
Advanced Trust Planning J. Spain
Charitable planning
Discount planning
Qualified domestic trust, S corporation trusts
Onshore-offshore asset protection and spendthrift trusts
Asset Protection Planning for Seniors and the Disabled G. Cleevely
Overview of government benefit programs
Trust options
Planning for spouses, supplemental needs trusts
Credits
Accountants
8.0 CPE Hours
Attorneys
7.0 North Carolina CLE Hours
7.0 Virginia CLE Hours
Certified Financial Planners
8.0 CE Hours
IRS Enrolled Agents & Other Tax Return Preparers
8.0 CE Hours
Continuing Education Credit Information
This seminar is open to the public and offers 8.0 intermediate- level CPE credit hours in the area of taxation to North Carolina certified public accountants. Experience with federal taxation is recommended, and no advance preparation is necessary. The North Carolina State Board of Certified Public Accountant Examiners does not register CPE sponsors and does not approve specific CPE courses. Sponsors of CPE programs that are listed in good standing on the National Registry of CPE Sponsors maintained by the National Association of State Boards of Accountancy (NASBA) shall be considered by the Board as compliant with the CPE requirements of 21 NCAC 08G .0403(c).
HalfMoon Education Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org. Sponsor No. 103015.
The North Carolina Board of CLE has approved this program for 7.0 CLE hours for attorneys. The Virginia State Bar MCLE Board has approved this course for 7.0 CLE hours for attorneys.
HalfMoon Education Inc. is a CFP Board-registered continuing education sponsor. The Certified Financial Planner Board of Standards, Inc. has granted 8.0 hours of continuing education credit for the completion of this seminar.
This program qualifies for 8.0 hours of continuing education credit for enrolled agents and other tax return preparers under Treasury Department Circular #230 Section 10.6(g).
Attendance will be monitored, and attendance certificates will be available after the seminar for most individuals who complete the entire event. Attendance certificates not available at the seminar will be mailed to participants within fifteen business days.
Speakers
Gretchen Cleevely
Brady Cobin Law Group, PLLCBrady Cobin Law Group, PLLCMs. Cleevely joined the Brady Cobin Law Group in January 2019. She focuses her practice on special needs trusts and Medicaid planning, and she assists clients with estate planning and probate matters as well.
Her passion for improving the lives of people with disabilities led Ms. Cleevely to pursue a career in special education law. She is a proud graduate of the Washington and Lee University School of Law. During law school, Ms. Cleevely spent her summers at the Cooperative Counsel for Oklahoma School Administrators and the North Carolina State Board of Education, where she successfully researched, drafted, and lobbied for education legislation. Ms. Cleevely also worked for the Disability Law Center of Virginia where she represented clients with disabilities in matters related to employment and medical claims. In 2016, she began her legal practice as an associate attorney, where she represented North Carolina public school districts on special education, First Amendment, and Americans with Disabilities Act matters. Ms. Cleevely continues to serve individuals with disabilities and their families at Brady Cobin Law Group.
Andrew Cobin
Brady Cobin Law Group, PLLCBrady Cobin Law Group, PLLCMr. Cobin has been an attorney for over a decade and focuses his practice on estate planning, administration and probate. He is a board certified specialist in estate planning and probate law. Mr. Cobin is also accredited to represent the claims of veterans before the Department of Veterans Affairs (V.A.). He earned a bachelor of science degree in Mechanical Engineering from Clemson University and a law degree from the University of Texas School of Law.
Jason Spain
Bagwell Holt Smith P.A.Bagwell Holt Smith P.A.Mr. Spain is an attorney at Bagwell Holt Smith P.A., where he focuses on estate planning, probate, and trust administration. He also helps small business owners set up business succession plans that will allow their businesses to be passed on to the next generation and help provide financial security for their families in the event of retirement, death, or disability. He is a member of the North Carolina State Bar and the North Carolina Bar Association’s Estate Planning and Fiduciary Law Section.