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 and Trust Taxation
Overview of federal estate, gift and trust taxation
Calculating the estate tax
General overview of trust income taxation
The Necessary Role of Testamentary Trusts in the Estate Plan
Types of trusts, including testamentary trusts
Credit shelter/bypass trusts and marital trusts
Funding trusts and planning for state death taxes
Choosing a trustee and situs
Irrevocable Life Insurance Trusts
Reasons for life insurance trusts
Tax issues
Discount Planning with Trusts
Understanding IRC Chapter 14
GRITs, GRATs, and GRUTs
PRTs and QPRTs
Using Revocable Trusts
Characteristics and advantages/disadvantages
Special tax issues
IRAs and Trusts: Sophisticated Beneficiary Choices
Overview and spousal rights
Distribution rules
The Roth IRA: a new game in town
Qualified plans: estate planning and charitable planning options
Asset Protection Planning for Seniors and the Disabled
Overview of government benefit programs
Trust options
Supplemental needs trusts
Charitable Trusts
Charitable trust overview
Advanced Trust Planning
Estate planning/income tax management trusts
Trusts for minors
Generation-skipping transfer tax
Qualified domestic trust
S corporation trusts
Offshore trusts for asset protection
Spendthrift trusts
Credits
Accountants
8.0 CPE Hours
New Mexico Attorneys
7.0 CLE Hours
Certified Financial Planners
8.0 CE Hours
IRS Enrolled Agents and Other
Tax Return Preparers
8.0 CE Hours
Continuing Education Credit Information
This seminar is open to the public and offers accountants 8.0 intermediate level CPE hours in the area of taxation. A basic understanding of taxes and trusts is recommended and no advance preparation is required. The New Mexico Public Accountancy Board accepts courses from providers that are members of NASBA’s National Registry of CPE Sponsors.
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 (Sponsor ID No. 103015). State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted tothe National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
The New Mexico MCLE Board has approved this seminar for 7.0 general CLE hours for attorneys.
HalfMoon Education Inc. is a CFP Board-Registered continuing education sponsor. The Certified Financial Planner Board of Standards, Inc. (CFP) 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 under Treasury Department Circular #230 Section 10.6(g). This course offers 8.0 continuing education hours to other tax return preparers, for which continuing education is not mandatory.
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
Monica Davis
NM Trust and Probate Law Firm, LLCOwner of NM Trust and Probate Law Firm, LLC in Albuquerque, NM
Ms. Davis has been a trust and estate litigation attorney for almost six years. She is the owner of NM Trust and Probate Law Firm, LLC, and handles any litigation that arises from estates or trusts, such as will contests and breaches of fiduciary duty, and she advises fiduciaries on their responsibilities. Ms. Davis is a native New Mexican who attended the Albuquerque Academy and the University of New Mexico for undergraduate school and for law school. She obtained her LL.M. degree in Taxation from Boston University in 2016. While in law school, Ms. Davis clerked at Hurley Toevs Styles Hamblin & Panter, PA, and later became an associate attorney at the firm, working exclusively on trust litigation cases and estate litigation. During law school, she was awarded honor roll and received several awards including the Thomson West Group Award for Domestic Relations, the Johnny Cochran Award and the Joseph J. Mullins Award for Domestic Relations.