Agenda / Content Covered

DAY 1

1. BASIC TAX PLANNING
   9:00 - 10:00, Emory E. Hackman, Jr.
   1. Estate Tax Update
   2. Step-up Basis of Various Assets
   3. Gift Tax and Exclusions
   4. Generation-Skipping Transfer Tax
   5. Planning for the Final Income Tax Return
   6. Trust Taxation Basics
   7. Disclaimer Trusts
   8. Crummey Powers and the IRS
   9. Typical Creditors and How to Deal with Them
   10. Simple Tips for Minimizing Tax Burden
   11. Tax Treatment of Trusts
2. BUSINESS SUCCESSION PLANNING
   10:15 - 11:15, Emory E. Hackman, Jr.
   1. When the Business is Transferred to the Beneficiary in Full
   2. Buy-Sell Agreement Basics
   3. Business Structure Conversion
   4. Minimizing Tax Burden in Transferring Ownership
   5. Business Valuation and Sale
3. DOCUMENTING LONG-TERM CARE, INCAPACITY AND END-OF-LIFE DECISIONS
   11:15 - 12:15, Yahne Miorini
   1. Medicaid Planning Overview
   2. Long-Term Care Options and Planning in a Nutshell
   3. Special Needs Trusts
   4. Advance Medical Directives
   5. Powers of Attorney
   6. DNR Orders and Organ Donation Considerations
4. PLANNING FOR UNMARRIED AND REMARRIED COUPLES
   1:15 - 2:15, David B. Wilks
   1. Pre- and Post-Marital Agreements
   2. Planning for Children from Previous Marriage(s)
   3. Estate Planning for Same Sex Couples
5. KEY ELEMENTS OF EFFECTIVE WILLS
   2:15 - 3:15, Kimberley A. Murphy
   1. Establishing Statutory Framework
   2. Types of Wills
   3. Testator's Competency - Verifying and Documenting
   4. Beneficiary Designations and Distributions in Retirement Plans and Life Insurance
   5. Titling Assets
   6. Sample Will Provisions
   7. Updating Will Documents
6. ETHICAL CONSIDERATIONS
   3:30 - 4:30, Kimberley A. Murphy
   1. Defining Who Your Client is from the Start
   2. Handling Clients with Diminishing Mental Capacity
   3. Lawyers Acting as Fiduciaries
   4. Estate Status Updates for Clients - Why it Pays Off and How to do it Efficiently
   5. Practicing before the IRS
   6. Getting Paid: Billable/Non-Billable Hour and Retainer Agreements
   7. Preventing Unauthorized Practice of Law by Legal Staff

DAY 2

7. CLIENT SCREENING AND INTAKE
   9:00 - 10:00, Warren W. Grossman
   1. Clarifying Goals and Forecasting Needs
   2. Assessing Current and Future Assets and Debts
   3. Dealing with Family Dynamics: Past, Present and Future
   4. What to Look for in Reviewing Existing Estate Plans
   5. Sample Info Gathering Forms and Checklists
   6. Determining Your Overall Estate Plan Strategy
      1. for an Estate not Subject to Estate Tax
      2. for an Estate Potentially Subject to Estate Tax
      3. for an Estate Subject to Estate Tax
8. WHO IS THE FIDUCIARY?
   10:15 - 11:15, Constance S. Bourne
   1. Personal Representatives and Trust Officers: Powers and Duties
   2. Helping Clients Pick the Fiduciary(ies)
   3. Your Contact with the Personal Representative
   4. Trust Protectors and Advisers
   5. Fiduciary Liability
9. TRUSTS 101
   11:15 - 12:15, Evan H. Farr
   1. Types, Goals and Functions of Trusts
   2. Major Laws Governing Trust Creation and Administration
   3. Who are the Main Parties? Their Duties and Responsibilities to a Trust
   4. Revocable vs. Irrevocable
   5. Choosing Trust Situs
   6. Trust Funding Basics
10. LIVING TRUSTS
    1:15 - 2:15, Evan H. Farr
    1. Traditional Estate Planning with Revocable Trusts
    2. Advanced Estate Planning with Irrevocable Trusts
       1. Medicaid Asset Protection Using an Irrevocable Trust
       2. Veterans Asset Protection Using an Irrevocable Trust
    3. Definition of Irrevocable
    4. Termination of Irrevocable Trusts
    5. Settlor Serving as Trustee of an Irrevocable Trust
    6. Taxation Issues in Connection with Asset Protection Trusts
    7. Drafting and Practice Tips
11. TRUSTS USED FOR TAX REDUCTION - DRAFTING TIPS AND SAMPLES
    2:30 - 3:30, Rhonda A. Miller
    1. Irrevocable Life Insurance Trusts (ILITs)
    2. Charitable Remainder Trusts
    3. Qualified Domestic Trusts
    4. Generation Skipping Trusts
    5. 26 U.S. Code §1202 Planning
12. GRANTOR TRUSTS
    3:30 - 4:30, Rhonda A. Miller
    1. Intentionally Defective Grantor Trusts (IDGTs)
    2. Drafting Tips and Samples
    3. Taxation Considerations - When to File the Return?
    4. Administrative Power

CONSTANCE S. BOURNE is the owner/sole practitioner with Constance S. Bourne Law Offices, where she serves clients in the areas of elder law, probate, guardianship, and estate administration. Her community service activities include training local social services agency employees and serving as an instructor at Northern Virginia Community College Workforce Development and George Mason University OSHER Life Long Learning Institute. Ms. Bourne serves as a volunteer member of several aging and disability non-profit community organizations and devotes considerable time to pro bono efforts. She is admitted to practice in Virginia, Maryland, Pennsylvania, and New Jersey. Ms. Bourne earned her B.S. degree from Rutgers University and her J.D. degree from Rutgers University School of Law.

EVAN H. FARR certified elder law attorney and member of the NAELA Council of Advanced Practitioners, is the principal attorney of the Farr Law Firm, an elder law firm in Fairfax, Virginia, dedicated to helping protect seniors and their families by preserving dignity, quality of life and financial security. A nationally renowned author and CLE speaker, Mr. Farr is well known in the field of elder law as an expert on Medicaid asset protection, and has educated tens of thousands of attorneys across the country through speaking and writing for numerous national legal organizations, including ALI-ABA, the National Academy of Elder Law Attorneys, National Business Institute, and the National Constitution Center; as well as his own Elder Law Institute for Training and Education (ELITE), through which he coaches and trains other elder law attorneys around the country, providing them with specialized software and practice-enhancement systems such as the Living Trust Plus Asset Protection System used by dozens of attorneys across the nation. He is a well-known public media figure, having been quoted or cited as an elder law expert by the Washington Post, Newsweek Magazine, Northern Virginia Magazine, Trusts & Estates Magazine, The American Institute of Certified Public Accountants, and the American Bar Association; and has appeared on television on various PBS stations around the country, as well as on MSNBC, Fox News and CNN. Mr. Farr earned his undergraduate degree from the University of Pennsylvania and his law degree from the College of William & Mary School of Law.

WARREN W. GROSSMAN is the managing member with the law firm Bequest Law PLC in Leesburg, Virginia, where his areas of practice concentrates in estate planning, probate and trust administration. He has lectured numerous times to other professionals where they were eligible to received continuing education credits from the Virginia State Bar. Mr. Grossman is on the Board of Directors of the McLean Estate Planning Council and is co-chair of the Elder Law Section of the Fairfax Bar Association. He earned his B.B.A. degree from the University of Miami and his J.D. degree from the Washington College of Law of American University.

EMORY E. HACKMAN JR. is a sole practitioner with Emory E. Hackman Law Offices in McLean/Falls Church, who specializes in wealth preservation. He has been an entrepreneur and practicing attorney for more than 40 years. His practice has evolved from a broad scope of services, including foreign financial transactions and a successful public securities offering, to estate planning, administration, wealth preservation, and federal litigation on fraud and concealment. Mr. Hackman is counsel to the Board of Directors of the Virginia Gun Collectors Association. He continues to be in demand to speak before legal, accounting, networking, writing, and business groups, such as the Arlington, Fairfax, McLean and American bar associations; the Greater Washington Society of CPAs; the Washington Independent Writers; Third Thursday; and the McLean Estate Planning Council. Mr. Hackman enjoys mentoring other attorneys who are faced with unique, difficult and complex cases. He is a member of the McLean and Arlington bar associations, and the Virginia State Bar. He frequently speaks on the subject of ethics and is listed in Who's Who in America. He earned his B.S. degree from West Virginia University.

RHONDA A. MILLER is a partner with the Fairfax, Virginia law firm of Dunlap Bennett & Ludwig PLLC, where she concentrates on sophisticated estate planning including special needs trusts, asset protection trusts, spousal lifetime access trusts, charitable remainder trust, qualified small business trusts, and other trust used to minimize or eliminate capital gains and estate tax. In addition, she focuses on administering large and complex estates including litigation with respect to those estates and correcting documents to optimize tax efficiencies. Ms. Miller is highly sought after public speaker. She frequently teaches continuing legal education and is a continuing education sponsor for the Certified Financial Planner Board and insurance agents. Ms. Miller was named Best Attorney by the Wall Street Journal and won Top 50 Women Lawyers in Virginia. She is a member of the bars of the Commonwealth of Virginia, the District of Columbia, and California. Ms. Miller earned her B.A. degree, with honors, from Pennsylvania State University; and her J.D. degree, with honors, from Loyola Law School in Los Angeles.

YAHNE MIORINI is the founder and principal of Miorini Law PLLC, a law firm based in Northern Virginia. She focuses her practice on domestic and international estate planning, probate, trust administration and related tax matters, elder law (guardianship, conservatorship, special needs, and long term care), and Veterans' benefits. Ms. Miorini is licensed in the District of Columbia, Maryland, New York and Virginia. She is a member of the National Academy of Elder Law Attorneys (NAELA) and served as president of its Virginia chapter, VAELA. She is also accredited by the U.S. Veterans Administration, and has served as the chair of the Elder Law Section of the Fairfax Bar Association, past co-chair of the Wills, Trusts, and Estates Section of the Fairfax Bar Association, and was named Pro Bono Lawyer of the Year in 2006 by the Fairfax Bar Association. Ms. Miorini is the past treasurer of the McLean Estate Planning Council. Additionally, she is the president of the Comité Tricolore, a non-profit organization dedicated to helping French citizens in need. Ms. Miorini is a recurring author of articles about wills, trusts, estates, taxes, and elder law matters for a French-language periodical called La Plume that is published by the Washington Accueil Association (WAA). She has lectured on the areas of estate planning and estate and trust administration for several business professional groups. Ms. Miorini earned her J.D. degree from the University of La Sorbonne, in Paris, France and her LL.M. degree from the George Washington University Law School.

KIMBERLEY A. MURPHY has been a partner and principal attorney of the law firm of Hale Ball Carlson Baumgartner Murphy, PLC, in Fairfax, where she concentrates her practice in the areas of administrative law (professional license compliance), estates and trusts (administration and litigation), and business/civil (litigation). She has appeared on numerous occasions before many circuit courts throughout the Commonwealth, in addition to the Court of Appeals of Virginia and the Supreme Court of Virginia, as well as the Virginia Department of Health Professions, and Department of Alcoholic Beverage Control. Ms. Murphy is admitted to practice before the Supreme Court of the United States. She earned her B.A. degree from Michigan State University and her J.D. degree, magna cum laude, from Michigan State University College of Law.

DAVID B. WILKS is a shareholder with Legacy Law Group of Northern Virginia, PLLC where he practices in the business, estate planning, estate and trust administration and tax areas of the firm’s scope of legal services. He is a member of the U.S. Tax Court, Prince William County Bar Association (Tax and Wills and Trusts sections), Virginia State Bar (Tax, Business, Wills and Trusts sections), American Bar Association (Taxation Division), and the Northern Virginia Estate Planning Council. Mr. Wilks is a frequent lecturer and he has lectured in numerous programs sponsored by civic, educational and business groups on various estate planning, estate and trust administration, and tax issues. Mr. Wilks was named one of the Legal Elite in the Law of taxes, estates & trusts from 2014-2016. He earned his B.A. degree, with honors, from Duke University; his J.D. degree from Washington & Lee University School of Law; and his Masters of Laws in taxation from the Marshall-Wythe School of Law of the College of William & Mary.