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
P. Riekhof
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
P. Riekhof
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
P. Riekhof
Reasons for life insurance trusts
Tax issues
Discount Planning with Trusts
A. Dar
Understanding IRC Chapter 14
GRITs, GRATs, and GRUTs
PRTs and QPRTs
Using Revocable Trusts
D. Wilks
Characteristics and advantages/disadvantages
Special tax issues
IRAs and Trusts: Sophisticated Beneficiary Choices
D. Wilks
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
R. Phillips
Overview of government benefit programs
Trust options
Supplemental needs trusts
Charitable Trusts
R. Phillips
Charitable trust overview
Advanced Trust Planning
A. Dar
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 Credits
Attorneys
7.0 Virginia CLE Hours
8.0 New York CLE Hours
IRS Enrolled Agents
8.0 CE Hours
Certified Financial Planners
8.0 CFP Hours
Continuing Education Credit Information
This seminar is open to the public. This intermediate level, group live course offers accountants 8.0 CPE hours in the field of taxes. A basic level of federal tax and trust knowledge is suggested, and no advance preparation 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. 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.
The Virginia State Bar MCLE Board has approved this course for 7.0 CLE hours for attorneys. HalfMoon Education Inc. is certified by the New York State CLE Board as an Accredited Provider of CLE programs. This traditional format course offers 8.0 CLE hours, consisting 8.0 Areas of Professional Practice hours, which are appropriate for new and experienced 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 program. Attendance certificates not available at the seminar will be mailed to participants within fifteen business days.
Speakers
Aejaz Dar
Yates, Campbell & Hoeg LLPYates, Campbell & Hoeg LLP, Fairfax, VAMr. Dar is an attorney with Yates Campbell & Hoeg LLP, a boutique trusts and estates law firm in Fairfax, Virginia. In total, he has over 12 years of experience in the area of trusts and estates, having previously practiced at large national firms and having worked at a multi-family office. With that kind of experience, Mr. Dar has dealt with a wide variety of matters, from traditional wealth planning to more sophisticated transfer techniques, as well as post-mortem administration and fiduciary litigation. He received his B.A. degree, Phi Beta Kappa, from the University of Michigan and his J.D. degree from NYU School of Law, where he served on the Law Review.
Richard Phillips
Hometown Estate PlanningHometown Estate Planning, Manassas, VARichard Phillips is a former trial attorney who now devotes his work exclusively to estate planning law and assisting families achieve peaceful wealth preservation. He received a B.A. degree from James Madison University in 1995 and a J.D. degree from George Mason University School of Law in 1999. He is a member of the Prince William Chamber of Commerce and occasionally donates his legal experience to non-profit organizations.
Paul F. Riekhof
Paul F. Riekhof is a principal in the Estates and Trusts Group of Joseph, Greenwald & Laake in Maryland. Mr. Riekhof has represented individuals, families, and businesses in all aspects of estate planning, estate and trust administration, guardianship, and estate litigation matters for more than 20 years. Mr. Riekhof’s practice includes advising clients concerning their wealth preservation, family business and farm preservation, and gift planning issues. He has extensive experience establishing special needs trusts and discretionary trusts to conserve assets for the benefit of disabled individuals, establishing irrevocable trusts to remove insurance and other assets from estates, and establishing revocable trusts for probate avoidance and disability planning. He is a member of the Maryland, Montgomery County, American and District of Columbia bar associations. Mr. Riekhof earned his B.A. degree, with honors, from the University of Chicago and his J.D. degree from the University of Colorado School of Law.
David Wilks
Vanderpool, Frostick & Nishanian P.C.Vanderpool, Frostick & Nishanian P.C., Manassas, VAMr. Wilks is a shareholder at Vanderpool, Frostick & Nishanian, having practiced law in Northern Virginia and Prince William County for more than 25 years. Throughout that time, he has concentrated his practice in estate and trust planning and administration, business and real estate, and certain tax matters. Mr. Wilks has been recognized by his peers in the legal community both locally and statewide for his legal ability and high ethical standards in the legal areas in which he concentrates his practice. For instance, Mr. Wilks has been named as one of Virginia’s “Legal Elite” by the Virginia Business magazine in the areas of taxes, estates, trusts and elder law every year since 2014. Since 2010, healso has received the “AV Preeminent” rating, the highest rating given by Martindale-Hubbell® Peer Review, for his legal ability in the fields of business, estate planning and estate and trust administration and for his general ethical standards. Mr. Wilks also is a frequent lecturer, speaking at programs not only sponsored by civic and charitable groups designed to educate the general public on legal issues within his area of concentration, but also to other attorneys, accountants and financial professionals in programs qualifying them for their required annual continuing education credit.