Agenda

Webinar instructions will be emailed before the date of the webinar.

Please log into the webinar 15 – 30 minutes before start time.

Thursday, October 14, 2021
9:00 am – 5:00 pm CDT (incl. a 30-min break)

 

Presented by:
Russell A. Willis III, J.D., LL.M.

Agenda
Understanding Estate, Gift, Income 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 Critical 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
Spousal lifetime access trust
Choosing a trustee and a situs

Irrevocable Trusts and the Basics
Purposes of irrevocable trusts
Understanding related tax issues
Crummey powers
Amendment/termination strategies
Dynasty trusts

Income and Generation-Skipping Transfer Tax Basics
Overview of the income tax system
Overview of GST
199A

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

Advanced Trust Planning
Charitable planning
Discount planning
Qualified domestic trust, S corporation trusts
Onshore-offshore asset protection and spendthrift trusts

 

 

Webinar Instructions

Each webinar session earns continuing education credit and can be registered for individually. All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.

Certificates of completion will be provided for each webinar attended and will be sent via email in PDF form about five business days after the conclusion of the series.

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GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)

Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled


Internet connection:
 Minimum of 1Mbps       Hardware: 2GB RAM or more

For more information, visit the Support section at www.gotowebinar.com

Credits

Accountants:
8.0 CPE Hours

Texas Accountants:
8.0 CPE Hours

IRS Enrolled Agents and Tax Return Preparers:
8.0 CE Credits

Certified Financial Planners:
8.0 CE Hours (Tax Planning)

California, Arizona, New Hampshire, and Vermont  
7.0 CLE Hours

Missouri Attorneys:
8.4 CLE Hours (0.0 ethics hours)

New York Attorneys:
8.0 CLE Hours

Texas Attorneys and Paralegals:
7.0 CLE Hours
Specialization: 7.0 Estate Planning and Probate Law, 7.0 Tax Law

 

Continuing Education Credit Information

The Complete Trust Course
This online live, intermediate level lecture presentation offers 8.0 CPE hours in the area of taxation to accountants. A basic knowledge of federal taxation is recommended, 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. Sponsor No. 103015.

HalfMoon Education Inc. is an approved CPE provider for Texas accountants (Sponsor ID: 001151). This provider approval does not constitute approval or endorsement of individual programs.

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 webinar.

HalfMoon Education Inc. is certified by the New York State CLE Board as an Accredited Provider of CLE programs. This webinar offers 8.0 CLE hours in nontraditional format consisting of Areas of Professional Practice hours, which are appropriate for experienced attorneys.

This course has been approved by the Texas Board of Legal Specialization for certification and recertification continuing legal education requirements for attorneys and paralegals in the following specialty fields: 7.0 hours in Estate Planning and Probate Law and 7.0 hours in Tax Law.

HalfMoon Education is an approved CLE provider for California and Vermont attorneys. Arizona and New Hampshire CLE providers and courses are not subject to preapproval. This course offers 7.0 CLE hours in these states.

The Missouri Bar has approved this course for 8.4 CLE hours (0.0 ethics hours).

This course provides 7.0 CLE hours for Pennsylvania attorneys.

This course provides 7.0 CLE hours to Arizona and New Hampshire attorneys. Providers and courses are not subject to preapproval in these states.

This webinar 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).

Participation will be monitored and reported, as required. Attendance certificates will be available after the webinar for those individuals who complete the entire webinar, comply with the monitoring requirements, and score at least 80% on the quiz that follows the instruction (multiple attempts allowed).

Speakers

Russell A. Willis III. J.D. LL.M.

Mr. Willis is a tax lawyer, freelance writer, and consultant and advisor to lawyers, on issues related to wealth transfers. He has written numerous articles for publications serving tax and charitable gift planning professionals, and he is a frequent conference and seminar speaker throughout the country.
Three years ago, he launched a newsletter, the Jack Straw Fortnightly, analyzing current developments in the law – both tax and nontax – concerning the transfer of private wealth in this country.
Mr. Willis chaired the Steering Committee of the Probate and Trust Law Section of his local bar association and served on a legislative drafting subcommittee for the Probate and Trust Law Committee of the State Bar. He has also written numerous articles for law journals and publications.
Mr. Willis has a law degree from St. Louis University and a master’s degree in Taxation Law from Washington University in St. Louis. His undergraduate degree in English Literature is from Indiana University, Bloomington, and he has a master’s degree in English from the University of Chicago.