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 – 4:40 pm
Morning session presented by: Morris R. Saunders
Understanding Estate, Gift and Trust Taxation
Overview of federal estate and gift taxation
Calculating the estate tax
Overview of trust taxation
Examining estate, gift and GST rates and exemptions
The Necessary Role of Testamentary Trusts in the Estate Plan
Purposes and features of trusts, including testamentary trusts
• Credit shelter/bypass trusts
• Marital trusts and family trusts
Handling community property, choosing a trustee and a situs
Irrevocable Life Insurance Trusts
Purposes of life insurance trusts
Understanding related tax issues
Discount Planning with Trusts
Understanding IRC Chapter 14: gift tax only valuation rules
GRITs, GRATs and GRUTs
PRTs and QPRTs
Afternoon session presented by: Mike Erde
Using Revocable Trusts
Characteristics and advantages/disadvantages of revocable trusts
Understanding related tax issues
IRAs and Trusts: Sophisticated Beneficiary Choices
General overview
Spousal rights and distribution rules
Using a trust as a plan beneficiary
Estate planning and charitable planning with qualified plans
Asset Protection Planning for Seniors and the Disabled
Overview of government benefit programs
Trust options
Planning for spouses, supplemental needs trusts
Charitable Trusts
Purpose and features of charitable remainder trusts
Understanding related tax issues
Advanced Trust Planning
Estate planning/income tax management trusts
Trusts for minors
Generation-skipping transfer tax
Qualified domestic trust, S corporation trusts
Offshore asset protection and spendthrift trusts
Credits
Accountants
8.0 Illinois CPE Hours
8.0 NASBA CPE Hours
Attorneys
6.5 Illinois CLE Hours
6.6 Indiana CLE Hours
8.0 Wisconsin CLE Hours
Certified Financial Planners
8.0 CE Hours
IRS Enrolled Agents/Return
Preparers
8.0 CE Hours
Continuing Education Credit Information
This seminar is open to the public. HalfMoon Education Inc. is a Registered Public Accountant Continuing Professional Education Sponsor in Illinois. A basic understanding of federal taxes is recommended, and no advance preparation by attendees is required.
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. This intermediate-level course offers 8.0 CPE credit hours, based on 50 minute hours, in the area of taxes. 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.learningmarket.org. Sponsor No. 103015.
This course is approved for 6.5 general CLE hours for Illinois attorneys, 6.6 CLE hours for Indiana attorneys, and 8.0 CLE hours for Wisconsin 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 return preparers under Treasury Department Circular #230 Section 10.6(g).
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
Michael Erde
Michael H. Erde, P.C.Principal of Michael H. Erde, P.C.Mr. Erde is the principal in the North Side Chicago law firm of Michael H. Erde, P.C., where he has focused his practice on estate planning, elder law, probate and corporate law. He is certified as an elder law attorney by the National Elder Law Foundation. Mr. Erde is a member of Greater North Shore Estate Planning and Financial Planners Council and the National Academy of Elder Law Attorneys. He has been an instructor/lecturer and has given seminars for many years on estates, trusts, elder law, asset protection, Medicaid and special needs. Mr. Erde was an adjunct professor at John Marshall Law School, where he taught classes on elder law. Mr. Erde has written numerous articles on wills, trusts, and elder law issues. He earned his B.S.B.A. degree from Washington University and his J.D. degree from the University of Illinois, and he has graduate credits in taxation from The John Marshall Law School. Mr. Erde founded the Asset Protection Committee of the Chicago Bar Association. He is a member of the Probate Committee of the local bar.
Morris Saunders
Levin & Ginsburg Ltd.Attorney with Levin & Ginsburg Ltd.Mr. Saunders is a partner in the Chicago law firm of Levin & Ginsburg Ltd. He concentrates his practice in the areas of wealth management, asset protection, estate planning, business planning and taxation law, real estate, business succession planning, and deferred compensation. He is a member of the Chicago Estate Planning Counsel and the Chicago Bar Association. Mr. Saunders has spoken to various professional and community groups about estate planning, trusts, estates, business succession planning, and deferred compensation. He has hosted a series of workshops for the College of Lake County aimed at teaching small business owners various legal aspects of forming business entities, maintaining those entities and handling other issues facing business owners. Mr. Saunders earned his B.A. degree from the University of Virginia, his J.D. degree from The John Marshall Law School, and his LL.M. (tax) degree from DePaul University. He is a member of the Family Firm Institute and a founding member of the Private Directors Association.