Online Seminar

Connecticut Estate Planning 2023: New Laws, Old Tools, and the Changes You Need to Make

Get Critical Tools for Shaping Your Clients' Legacies

Division
NBI (97482)
Event Date
12/18/2023
Event Time
9:00 AM - 4:30 PM EST
Event Planner
Lauren Burton
Email
lauren.burton@nbi-sems.com
Phone
715.835.8525

Program Description

Get Critical Tools for Shaping Your Clients' Legacies

This timely practice update offers a practical analysis of the recent and proposed legal and tax changes affecting trusts and estates and provides a review of the new tools to adapt to the changing regulatory environment. Provide your clients with the most up-to-date representation: register today!

  • Get an incisive summary and analysis of the tax changes and their implications for existing planning tools.
  • Learn which deductions remain and how to obtain them.
  • Identify planning approaches that no longer help your clients.
  • Gain practical pointers for fixing old trusts.
  • Glean the future of the practice with a practical analysis of the ongoing and upcoming regulatory efforts.

Who Should Attend

This intermediate level online seminar is designed for:

  • Attorneys
  • Accountants and CPAs
  • Tax Professionals
  • Trust Officers
  • Estate Planners
  • Paralegals

Course Content

  1. What's New in Planning for Large Estates and Complex Assets
  2. Planning for IRAs in Light of the SECURE Act and SECURE 2.0
  3. State and Federal Tax Updates
  4. Elder Law and Medicaid Planning Updates
  5. Reviewing Estate Planning Documents and Old Trusts
  6. Old Small- to Medium-Sized Estate Tools and How to Update Them
  7. Legal Ethics in Estate Planning

Agenda / Content Covered

All times are shown in Eastern time.
  1. What's New in Planning for Large Estates and Complex Assets
    9:00 - 9:45, Angelina Stafford
  2. Planning for IRAs in Light of the SECURE Act and SECURE 2.0
    10:00 - 10:45, Angelina Stafford
    1. The End of the IRA Stretch
    2. Beneficiary Designations
    3. Required Minimum Distributions
    4. Tax Effects on Grantors and Beneficiaries
    5. IRA Trusts
  3. State and Federal Tax Updates
    10:45 - 11:30, Keith E. Phillis
    1. State and Federal Tax Rates and Exemptions
    2. The Step-Up in Basis at Death
    3. Trust Tax Deductions Changes
    4. Business Tax Changes Affecting Estate Planning
    5. IRS Enforcement Priorities
    6. SALT Updates
  4. Elder Law and Medicaid Planning Updates
    12:30 - 1:30, Jean Rabinow
    1. Financial Powers of Attorney
    2. Advance Medical Directives
    3. Adult Guardianships
    4. Planning for Nursing Home Care and Aging in Place
    5. Medicaid Planning
  5. Reviewing Estate Planning Documents and Old Trusts
    1:30 - 2:15, Hon. Domenick N. Calabrese
    1. Stock Language to Look out for
    2. AI-Assisted Drafting: Legal Risks and Opportunities
    3. Document Execution, Funding Mistakes
    4. Avenues for Making the Changes
    5. Top Estate Planning Mistakes: How They Play out in Probate
  6. Old Small- to Medium-Sized Estate Tools and How to Update Them
    2:15 - 3:15, Malcolm F. Barlow
    1. Simple Wills
    2. Life Insurance
    3. Old QPRTs: What to Do with the Family Home
    4. Reassessing FLPs and LLCs
    5. Joint Tenancies, Income Tax Basis, and Estate Tax Treatment
    6. Second Marriage Planning
    7. Gifting Strategies
  7. Legal Ethics in Estate Planning
    3:30 - 4:30, Malcolm F. Barlow
    1. Who is Your Client?
    2. Joint Representation and Conflicts of Interest
    3. Attorney Fees and Client Trust Accounts
    4. Attorney Technology Competence
    5. Guarding Confidentiality

Materials Due Date: 10/30/2023


Materials

Attendees love sample forms! If you can think of any templates, checklists, letters, agreements, provision language, reports, or legal and tax forms that are appropriate for your topic(s) - you are encouraged to provide them.

Event Materials Support

Email: eventmaterials@nbi-sems.com

Phone: (800) 777-8707



Malcolm F. Barlow is the owner of Malcolm F. Barlow, Attorney at Law, where he practices in the areas of elder law, probate, personal injury and real estate. He has been involved in probate practice since 1978, and has litigated probate issues including the admission of wills. Mr. Barlow is a frequent lecturer at seminars on elder law and probate matters. He is a past president of the Manchester Bar Association, and a member of the Hartford County and Connecticut bar associations. Mr. Barlow is a member of the National Association of Elder Law Attorneys (NAELA), and a member of the Connecticut Chapter of NAELA. He earned his B.A. degree in English from the University of Connecticut and his J.D. degree from the University of Connecticut.

Hon.Domenick N. Calabrese is a probate judge and is also an attorney with Calabrese Law PLLC, where he creates estate plans designed to help high-net-worth individuals and families maintain control over their affairs and keep them out of court. His wealth of unique experience and depth of legal knowledge guides clients through even the most complex estate planning and probate matters. Hon. Calabrese is the founding judge of the Waterbury Regional Children's Probate Court. He earned his Bachelor of Science in allied health from the University of Connecticut, his M.B.A. degree from University of New Haven and his J.D. degree from University of Connecticut School of Law. Hon. Calabrese is admitted to the practice of law in Connecticut, Florida and New York.

Keith E. Phillis is a partner in Darrow Everett LLP's private wealth services, energy and natural resources, and tax practice groups. He represents a wide range of clients, from individuals to large public and private business entities. Mr. Phillis' private wealth planning representation includes advising individuals and businesses on estate planning, wealth and asset preservation planning, tax mitigation, and business succession planning strategies. He routinely prepares estate planning, estate settlement, gifting, and asset preservation documentation, such as wills, revocable and irrevocable trusts (i.e. DAPTs, ILITs, IDGTs, SNTs, QPRTs, GRATs, CRUTs, SLATs, and D4A), powers of attorney, health care proxies, and living wills. Mr. Phillis' tax experience includes extensive involvement with the structuring and sale of investment assets in a wide range of industries. He works with managers, accountants, and in-house counsel of companies to resolve a variety of tax-related issues, from business formation, to compensation and benefit plans, to acquisition and financing. In addition to tax planning and structuring transactions, Mr. Phillis' tax practice includes representation before the IRS and state tax authorities, federal and state tax courts, and local tax authorities. He is a member of Rhode Island Bar Association, American Bar Association, and Rhode Island Society of CPAs, and Rhode Island Young Accountant Network Committee. Mr. Phillis received his B.S. and B.A. degrees, magna cum laude, from Central Michigan University; his J.D. degree from Roger Williams University School of Law; and his LL.M. degree in taxation from Boston University School of Law. He is licensed to practice in the states of Rhode Island, Connecticut, and Massachusetts, as well as before the U.S. Tax Court, U.S. District Court of Rhode Island, and U.S. District Court of Massachusetts.

Jean Rabinow is a sole proprietor at McMillan & Rabinow, where she practices probate, elder law, wills and related documents. Ms. Rabinow earned her bachelor’s degree from Knox College in Galesburg and her J.D. degree from Yale Law School. She is admitted to practice law in Connecticut.

Angelina Stafford is an attorney with Doherty, Wallace, Pillsbury & Murphy, P.C. Her practice encompasses all areas of business law and taxation. Ms. Stafford specializes in estate planning, estate administration and probate litigation. She is also an adjunct faculty member at Elms College in the undergraduate and MBA programs. Ms. Stafford earned her undergraduate degree, with distinction, from the University of Michigan and her J.D. degree, summa cum laude, from Western New England University School of Law. She is a member of the Estate Planning Council of Hampden County, American Bar Association, Massachusetts Bar Association and Hampden County Bar Association. Ms. Stafford is admitted to the bar in both Massachusetts and Connecticut.

Accreditation

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Phone: (866) 240-1890

Customer Service

Email: customerservice@nbi-sems.com

Phone: (800) 930-6182

Event Materials Support

Email: eventmaterials@nbi-sems.com

Phone: (800) 777-8707


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