Live Seminar

Tax Planning for Trusts and Estates



Friday, October 19, 2018


9:00 AM - 4:30 PM

Product ID#:



Hilton Long Island/Huntington

598 Broadhollow Road

Melville, NY 11747


$349 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • NJ CLE - 7.20
  • NY CLE - 7.00
  • PA CLE - 6.00

CPE for Accountants

  • CPE for Accountants/NASBA - 7.00


  • Financial Planners - 7.00

Program Description

Get Practical Strategies to Ease Your Clients' Tax Burdens

The ongoing changes in federal and state tax regulations create unique challenges attorneys must face in planning for and reporting taxes connected with trusts and estates. Are you prepared to insulate your clients' estate plans from regulatory storms and ensure smooth and secure preservation and transfer of wealth? This course offers practical tax planning strategies that will help you minimize tax burdens and ensure IRS compliance. Get straightforward instruction to help you through both routine tax return preparation and the final accounting. Register today!

  • Decrease your client's tax burden through resourceful estate planning.
  • Find out how the current status of state and federal estate tax affects your ongoing cases.
  • Gain federal tax return preparation tips from experienced faculty.
  • Get practical guidance through the nuts and bolts of income tax planning for trusts and estates.
  • Learn how to handle common problems in distributions to minors and trusts after grantor's death.
  • Avoid unnecessary burden on the estate with clear delineation of income and principle.
  • Classify estate assets for the most favorable taxation.
  • Adapt your practices and update your clients' current plans according to the latest regulations.

Who Should Attend

This basic-to-intermediate level program will benefit:

  • Attorneys
  • Estate Planners
  • Investment Advisers
  • Accountants
  • Trust Officers
  • Fiduciary Tax Specialists
  • Tax Preparers
  • Paralegals

Course Content

  1. Gift Tax Planning
  2. Federal Estate Tax Update
  3. State Death Taxes
  4. Estate Tax Planning Considerations
  5. Federal Estate Tax Return (Form 706)
  6. Post-Mortem Tax Planning Options
  7. Income Taxation of Trusts and Estates

Continuing Education Credit

Continuing Legal Education

Credit Hrs State
CLE 7.20 -  NJ
CLE 7.00 -  NY*
CLE 6.00 -  PA

Financial Planners – Financial Planners: 7.00

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 7.00 *

* denotes specialty credits

Agenda / Content Covered

    9:00 - 9:45, David J. DePinto
    1. Federal Gift Tax
      1. What is a Gift?
      2. Gifts in Trust and Crummey Powers
      3. Other Indirect Gifts
      4. Determining the Fair Market Value of the Gift
      5. Exclusions and Deductions
      6. Reporting Requirements
      7. Who is Responsible for Paying the Gift Tax?
      8. Carryover Basis Rules
    2. Generation-Skipping Transfer Taxes
    3. State Gift Taxes
    9:45 - 10:30, Kambiz Eli Akhavan
    1. The Current Tax Regime and Legislative Changes Under Discussion
    2. Basis Adjustment Rules
    3. Updating and Correcting Existing Plans - What to Look For
    10:45 - 12:00, David J. De Pinto
    1. The State Death Tax Deduction and De-Coupling
    2. Overview of Selected States' Taxes
    3. Considerations for the Migratory Client
    1:00 - 1:45, Neil D. Katz
    1. Choosing the Strategy to Use for Different Types of Property
      1. Real Property
      2. Closely-Held Companies
      3. Retirement Plans and Beneficiary Designations
    2. Marital Deduction Planning - Qualifications and Basic Formula Approaches
    3. Charitable Deduction Planning
    1:45 - 2:30, Neil D. Katz
    1. Deciding Whether to File in a Borderline Situation
    2. Should You Get the Automatic Six-Month Extension?
    3. Use of the Alternate Valuation Date
    4. Valuation and Appraisals
      1. Understanding the Elements of an Effective Appraisal
      2. Appraiser Standards
    5. How to Complete the Return
      1. Assembling Schedules and Supporting Documents: Gathering and Presenting the Pertinent Information; Key Issues to Consider
      2. Anticipating the Audit
      3. Suggested Engagement Letter for Representing an Estate Fiduciary
      4. Sample Letter Sent by the IRS to Start an Audit
    2:45 - 3:30, Gregory Matalon
    1. Valuation of Assets
    2. Special Elections
    3. Disclaimers
    4. Subtrust Funding
    5. Charitable Planning
    6. Handling Distribution to Minors and Trusts
    7. Determining Alternatives for the Surviving Spouse
    3:30 - 4:30, Albert Dumaual
    1. Grantor Trusts vs. Non-Grantor Trusts
    2. Calculating Taxable Income
      1. Income
      2. Distribution Deduction
      3. Miscellaneous Itemized Deductions
      4. Other Deductions
    3. Distributable Net Income: Apportioning Income Between the Trust and its Beneficiaries
    4. Elections
      1. Section 645(a) Election
      2. Administrative Expenses
      3. 65-Day Election
    5. Filing the Return

KAMBIZ ELI AKHAVAN is a managing partner of the Akhavan Law Group LLP. He focuses his practice on domestic and international estate, asset protection, and tax planning for high-net-worth individuals and their families. Mr. Akhavan’s clients include executives, real estate owners and professionals, nursing home operators, professional athletes, entrepreneurs, owners of closely-held businesses and hedge fund and private equity professionals. His practice also includes representing clients in federal and state tax audits. Mr. Akhavan is a widely published author, having written numerous articles for publications such as Trusts & Estates, Probate & Property and various other publications. Additionally, he frequently lectures before accountants and financial advisors on asset protection and estate planning topics, and also serves as an adjunct professor at St. John's University School of Law teaching international taxation. He is an honors graduate of Columbia University and earned his J.D. degree and LL.M. degree in taxation from NYU School of Law. He is currently an active member of the American Bar Association's Section of Taxation; the Section of Real Property, Trust & Estate Law; and on the International Estate Planning Committee of the New York State Bar Association.

DAVID J. DEPINTO is managing partner at DePinto Law, LLP, where he practices in the areas of trusts, estate planning, asset protection, charitable entities, business and succession planning for closely-held businesses, estate and gift taxation, income taxation, elder law, guardianship, probate and administration of trusts and estates, and estate litigation; and also provides representation to guardians, trustees and other fiduciaries. Mr. DePinto is an NYS certified public accountant and a certified elder lawyer certified by the National Elder Law Foundation as accredited by the American Bar Association. He is the recipient of the Edith Blum Foundation Award for Excellence in taxation and the Professor's Award for Academic Achievement in taxation. Mr. DePinto earned his LL.M. (Master of Laws) degree from NYU Law School; his J.D. degree from Brooklyn Law School; his M.S. degree in taxation, with academic honors, from Long Island University CW Post; and his B.B.A. degree from Hofstra University.

ALBERT DUMAUAL is an attorney with Capell Barnett Matalon & Schoenfeld, LLP, where his practice includes tax and estate planning. He holds an LL.M. degree in taxation from NYU School of Law. Mr. Dumaual earned his J.D. degree, cum laude, from Touro College Jacob D. Fuchsberg Law Center, where he was recognized as an honors scholar, a public interest law fellow, and received several awards at graduation. He is a graduate of Rutgers University with a B.A. degree in political science. Mr. Dumaual is a member of the New York State Bar Association, the Nassau County Bar Association, and the Asian American Bar Association of New York. He is admitted to practice law in New York and New Jersey.

NEIL D. KATZ, J.D., LL.M., C.P.A., is the managing partner in the law firm of Katz, Smith & Chwat, P.C., and is a special assistant professor of taxation at Hofstra University. Mr. Katz's areas of practice include tax law, estate planning and corporate planning and transactions. He has lectured for various professional organizations, including the New York State Society of CPAs, National Conference of CPA Practitioners, Nassau and Suffolk County bar associations, Financial Planners Association, Suffolk and Nassau County estate planning councils, as well as many local and regional CPA firms. Mr. Katz has also been a featured lecturer at the LIU Post Tax & Accounting Institute and the Hofstra University Entrepreneurial Assistance Program, and has lectured on numerous occasions for National Business Institute. He is a graduate of the University of Pennsylvania Law School, and recipient of Order of the Coif and the Bernard A. Chertcoff Award for Excellence in taxation. He received his LL.M. degree in taxation from New York University School of Law. Mr. Katz was a tax professor in the Kaplan-Chaykin CPA Review Course.

GREGORY MATALON is a partner with Capell Barnett Matalon & Schoenfeld, LLP, where he practices in the areas of estate planning, estate administration, elder law, and not-for-profit and religious corporations law. Mr. Matalon also represents executors and trustees to navigate the complex federal and state laws impacting estates and trusts. He earned his B.A. degree from Skidmore College and his J.D. degree from Hofstra University School of Law.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890


Accreditation Details:

Continuing Legal Education

NJ CLE: 7.20
This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 7.20 hours of total CLE credit. Of these, 0.0 qualify as hours of credit for ethics/professionalism.

NY CLE: 7.00 Includes - Areas of Professional Practice: 7.00
This course has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for a maximum of 7.0 credit hours. 7.0 hours can be applied to the Areas of Professional Practice requirement. This live format program is appropriate for newly admitted and experienced attorneys.

PA CLE: 6.00
This program has been approved by the Pennsylvania Continuing Legal Education Board for a total of 6.0 hours, including 6.0 hours of substantive law, practice and procedure CLE credit and 0.0 hour of ethics, professionalism or substance abuse CLE credit.

Financial Planners

N CF: 7.00 Pending Credit Approval
This program has been accepted by the Certified Financial Planner Board of Standards Inc. and qualifies for 7.0 hours of CE credit for CFP® Certificants. The Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) and CFP® (with flame design) in the US, which it awards to individuals who successfully complete initial and ongoing certification requirements.

National Association of State Boards of Accountancy

Credit Logo
N NAS: 7.00 Includes - Taxes: 7.00
NBI, 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: This program is designed to qualify for 7.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.

This is a Basic to Intermediate level program presented in a group live setting. Accountants should have a basic understanding of taxes connected with trusts and estates. Upon completion of this course, attendee will be able to: 1. Restate the current status of federal tax rate and exemption. 2. Describe what goes into determining the fair market value of a gift. 3. Compare current tax laws in select representative states. 4. Explain how marital deduction planning has changed with federal estate tax changes. 5. Walk through the decision-making process of whether to file Form 706 or not. 6. List at least 3 post-mortem tax planning techniques. 7. Define "distributable net income" and explain how it's calculated. Field(s) of Study -- Taxes.

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How To Order

Web: Order Now
Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702