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25th Annual Estate Planning & Charitable Gift Institute (Morris, IL)

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Community Foundation of Grundy County

520 W. Illinois Avenue

Morris, IL 60450

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REGISTRATION DEADLINE: Monday, September 18

Join the Community Foundation of Grundy County for the 25th Annual Estate & Charitable Gift Planning Institute Webcast on Wednesday, September 27, 2017 from 9am–3:30pm. This seminar is for attorneys, CPAs, financial planners, and trust officers, and provides continuing education credits for attendees.

Morning coffee and lunch will be provided to all attendees courtesy of Community Foundation of Grundy County.

Please contact Julie Buck at (815) 941-0852 or julie@cfgrundycounty.com if you have questions. Thank you!


AGENDA

9:00 am: Welcome comments

9:30 - 11:00 am: Session I

Samuel Donaldson – Something Borrowed, Something Blue: Recent Developments in the Federal Tax Laws

Keeping things fresh in a marriage and estate planning means constantly changing to keep up with the times. Sam will provide a complete overview of recent developments in federal income, estate, and gift tax laws. This informative and entertaining presentation will include an overview of what’s happening in Washington, recent changes in statutes, regulation and ruling and an interesting overview of case law applicable to estate and charitable planners. The presentation will include:

  • Analysis of pending (or passed) tax reform
  • Creating estate plans that survive tax reform
  • Successful charitable giving strategies
  • Basis planning ideas

11:00 - Noon: Ethics Session

Ann Burns – I do! I don’t! A planner’s guide to ethical dilemmas estate and charitable planners face.

Doing the right thing isn’t always easy. Determining where client conflicts might arise, avoiding malpractice, and staying up to date on the latest trends and developments can leave planners in a quandary. This ethics session will include a review of current rulings and cases around the country on ethics topics including:

  • Mistakes and errors by attorneys
  • Avoiding, disclosing, and addressing conflicts of interest
  • Joint representation of a married couple
  • Disclosing potential malpractice to a client

12:00 noon to 1:00 p.m. LUNCH

1:00 - 3:00 pm: Session II

Ann Burns – Engaging Your Client in the Charitable Conversation

Planners sometimes struggle with “popping the question” with their clients about charitable planning. This presentation will include tips on how to introduce the topic of charitable giving with clients and assist them on discussions of how much, to whom, and when. Ann will address some of the following topics:

  • Clients desire and expect advisors to discuss charitable giving with them.
  • Raising charitable giving strategies for clients’ stages in life and wealth.
    • Younger clients with less wealth may choose contingent testamentary gifts.
    • Middle aged clients who are more financially secure are more receptive to affirmative giving during life and at death.
    • Older clients with well-settled wealth more often consider more active and complex lifetime giving and larger testamentary charitable gifts.
  • Counseling clients about “how much”:
    • 1% Club or tithing
    • Maximizing tax leverage
    • Endowing lifetime giving with a testamentary gift
    • Charity as a child
  • “Trumping” the estate tax deduction: Specialized gifts when there is no federal estate tax
    • Terminating existing CRTs
    • Retirement assets
    • Business succession
    • Special assets
    • CRTs for farm assets

3:00 - 3:30: Session III

Ann Burns and Sam Donaldson – Wrap-up Discussion/Q&A

3:30 p.m. Conclusion

Continuing Education Credits

CLE, CPE, CFP, CTFA, CE credits will be earned for attending. Credit hours vary. Credits have been applied for and are still pending (You must attend the full day to receive credits. No partial day credits).


ABOUT THE SPEAKERS

Ann Burns

Ann Burns is the chair of the Trust, Estate and Charitable Planning group at Gray Plant Mooty. Her practice focuses on estate and charitable planning, business succession planning, estate and trust administration, and fiduciary and tax litigation.

Ann brings a unique mix of skills to her law practice as a certified public accountant and attorney. She represents multi-generational families of wealth throughout the country and individual and corporate trustees in estate planning, fiduciary, and tax matters. Ann graduated from the University of Wisconsin Law School and clerked for the Honorable Donald R. Ross, on the Eighth Circuit U.S. Court of Appeals.

Ann is a frequent lecturer at national estate planning conferences and has been quoted in the New York Times and Forbes magazine. She chairs the board of a private client family office and is a member of the Board of Regents of the American College of Trust and Estate Counsel and the Board of Trustees of The Minneapolis Foundation.

Samuel A. Donaldson

Samuel A. Donaldson (J.D. University of Arizona; LL.M. (Taxation) University of Florida, ) is a Professor of Law at Georgia Sate University in Atlanta, Georgia. Prior to joining the Georgia State faculty in 2012, he was on the faculty at the University of Washington School of Law for 13 years. During his tenure at the University of Washington, he was a five-time recipient of the Philip A. Trautman Professor of the Year award from the School of Law’s Student bar Association.

Professor Donaldson served for two years as Associate Dean for Academic Administration and for six years as the Director of the law school’s Graduation Program in Taxation. He teaches a number of tax and estate planning courses, as well as courses in the area of property, commercial law and professional responsibility.

Professor Donaldson is an Academic Fellow of the American College of Trust and Estate Counsel (ACTEC) and a member of the Bar in Washington, Oregon, and Arizona. Among his scholarly works, he is a co-author of the west casebook, Federal Income Tax: A Contemporary Approach, and a co-author of the Price on Contemporary Estate Planning treatise published by CCH. Professor Donaldson has served as the Harry R. Horrow Visiting Professor of International Law at Northwestern University and a Visiting Assistant Professor at the University of Florida Levin College of Law.

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Community Foundation of Grundy County

520 W. Illinois Avenue

Morris, IL 60450

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