MICPEL and the Maryland State Bar Association Section of Estate & Trust Law
In Cooperation with the University of Baltimore School of Law
and the University of Maryland School of Law Present
Click
here for a printable order form
Please fill out the form completely and fax it to MICPEL at 410.659.0647.
6.0
HRS. CLE
6 Hours of CE Credit has been granted by the CFP Board.
Friday, May 16, 2008
9:00 a.m. – 4:30 p.m.
Sheraton Columbia Hotel
10207 Wincopin Circle
Columbia, MD
FEATURING
Charles D. “Skip” Fox, IV, Esq.
Recent Developments in Estate Planning, Estate Administration, and Trust
Administration
John P. Edgar, Esq.
Maryland Legislative Update
Emanuel J. “Emil” Kallina, II, Esq.
Charitable Current Events
Wayne D. Eig, Esq.
Estate Planning for Real Estate - Mining for Gold in the New Minefield
AGENDA
9:00 a.m. – 12:15 p.m.
Recent Developments in Estate Planning, Estate Administration & Trust
Administration – A Review of Recent Cases, Legislation, & Rulings in these
Fields, including:
◗ Marital Deduction
◗ Gifts
◗ Discounts for Family Limited Partnerships and LLCs
◗ Valuation
◗ Charitable Gifts
◗ Retirement Benefits
◗ Generation-Skipping Tax
◗ State Taxes
◗ Asset Protection Planning
◗ Fiduciary Liability
◗ Insurance
Charles D. “Skip” Fox, IV, Esq.
McGuireWoods LLP, Charlottesville, VA
(There will be a 15-minute break during Mr. Fox’s presentation.)
12:15 – 12:45 p.m.
Maryland Legislative Update - A Discussion of Legislation Passed or
Considered at the 2008 General Assembly
John P. Edgar, Esq.
Legg Mason Investment Counsel, Baltimore
12:45 – 1:45 p.m. ............................Buffet Lunch
1:45 – 3:00 p.m.
Current Developments in Charitable Giving:
◗ Congress - legislative changes, past, present and future, in particular what
the Senate Finance Committee, House Ways & Means, and Joint Committee have on
their agenda; the future of “extenders” and estate tax repeal or modification;
IRA rollovers to charity and charitable vehicles.
◗ Charitable vehicles - charitable remainder trusts, charitable lead trusts,
gift annuities, pooled income funds, life estates, supporting organizations,
donor advised funds, and private foundations.
◗ Charitable planning techniques - how to use charitable gift vehicles to limit
income, estate, gift, and generation skipping taxes, including early
terminations, gifts of a partial interest in a CRT, the “Harvard” CRT rulings
regarding UBIT, reformations, disclaimers and rescissions; IRA loans to charity;
and the “charitable put.”
◗ Tax exempt world - including IRS Business Plan, changes to governance and best
practices, the Panel on the Non-Profit Sector, Form 990, IRS audits, and the
determination letter process (or lack thereof).
◗ Substantiation & Tax Return Preparer Penalties - substantiating charitable
gifts, the “more likely than not” standard for tax advice; liability of all
advisers with respect to all tax returns, where advice is given regarding tax
returns.
Emanuel J. “Emil” Kallina, II, Esq.
Kallina & Associates, LLC, Baltimore
3:00 – 3:15 p.m................................Break
3:15 – 4:30 p.m.
Estate Planning for Real Estate - Mining for Gold in the New Minefield
◗ Finding the Gold
◗ Primary Vehicles and Methods for Real Estate in the
◗ Estate Planning Process
◗ Use of Leverage for Real Estate and Other Assets -
◗ Background
◗ Protecting the Client and Beneficiaries
◗ Avoiding the Mines - Traps for the Unwary -
◗ Major Considerations:
◗ Choice of Entity and Conversion Issues
◗ Situs Issues
◗ Dealing with Levels of Control Desired by Different Generations
◗ Ethical Issues
◗ Transfer/Recordation Tax Issues
◗ Valuation Issues
◗ Debt/Liquidity Considerations
◗ Recent Developments and the Impact of IRS Perspectives/Where is the Estate Tax
Headed and the Need for Some Flexibility
◗ Foreign Issues
Wayne D. Eig, Esq.
Paley, Rothman, Goldstein, Rosenberg, Eig & Cooper,
Chartered, Bethesda
Our Outstanding Faculty
Charles D. “Skip” IV
◆ ◆ ◆
Charles D. “Skip” IV, Esq. is a partner in the Charlottesville, Virginia office
of the law firm of McGuireWoods LLP. Prior to joining McGuireWoods in 2005, Mr.
Fox practiced for twenty-five years with Schiff Hardin LLP in Chicago. He
concentrates his practice in estate planning, estate administration, trust law,
charitable organizations, and family business succession. He teaches seven
courses at the American Bankers Association National Trust School and National
Graduate Trust School, where he has been on the faculty for over twenty years.
Mr. Fox was an Adjunct Professor at Northwestern University School of Law, where
he taught from 1983 to 2005, and is currently a Lecturer in Law at the
University of Virginia School of Law. He is a frequent lecturer across the
country at seminars on trust and estate topics. In addition, he is a
co-presenter of the well-received monthly teleconference series on tax and
fiduciary issues sponsored by the American Bankers Association.
Mr. Fox has contributed articles to numerous publications, including ACTEC
Journal, Trusts & Estates, Estate Planning, Trusts & Trustees, Real Property,
Probate and Trust Journal and the Journal of Asset Protection, and is a regular
columnist for Trust & Investments on tax matters. He was a member of the
editorial board of Trusts & Estates for several years and is now Chair of the
Editorial Board of Trust & Investments. Skip is a member of the CCH Estate
Planning Advisory Board. He is co-editor of Estate Planning Strategies after
Estate Tax Repeal: Insight and Analysis (CCH 2001). He is also the author of the
Estate Planning With Life Insurance volume of the CCH Financial Planning
Library, and a co-author of four books, Estate Planning Manual (3 volumes,
2002), Tax Law Guide, Glossary of Fiduciary Terms, and Fiduciary Law and Trust
Activities Guides, published by the American Bankers Association.
Mr. Fox is a Fellow of the American College of Trust and Estate Counsel (for
which he serves as a Regent, Vice-Chair of the Editorial Board, and on the Asset
Protection, Estate and Gift Tax, Legal Education, and Program Committees) and is
listed in Best Lawyers in America. He is also a member of the Duke University
Estate Planning Council. Mr. Fox has provided advice and counsel to major
charitable organizations and serves or has served on the boards of several
charities, including Episcopal High School (from which he received its
Distinguished Service Award in 2001) and the University of Virginia Law School
Foundation. He received his A.B. from Princeton, his M.A. from Yale, and his
J.D. from the University
of Virginia.
John P. Edgar
◆ ◆ ◆
John P. Edgar is Managing Director of the Trust Advisory Group of Legg Mason
Investment Counsel in Baltimore, handling administration of trusts and
investment management accounts. Mr. Edgar joined Legg Mason Investment Counsel
in 2005. He was previously a partner of Venable LLP, with 15 years of experience
in estate planning, administration of large estates and trusts, and business
continuity planning. He is Chair-Elect of the Section of Estate and Trust Law of
the Maryland State Bar Association. Mr. Edgar is also Reporter for the Uniform
Trust Code Committee and Program Committee Chair for the Section. He is a Fellow
of the American College of Trust and Estate Counsel, a board member of the
Baltimore Estate Planning Council, and a member of the Maryland State Bar
Association Estate and Gift Tax Study Group. Mr. Edgar is the author of numerous
articles and a frequent speaker for the Maryland Institute for Continuing
Professional Education of Lawyers (MICPEL) and other organizations. He graduated
from Syracuse University with a B.A. with honors and received his J.D. degree
from the University of Virginia.
Emanuel J. “Emil” Kallina
◆ ◆ ◆
Emanuel J. “Emil” Kallina is a principal in the Baltimore Law firm Kallina &
Associates, LLC. He was educated at Bowdoin College (BA), the University of
Maryland School of Law (J.D.), and New York University School of Law (LL.M. in
Taxation). He is licensed to practice law in Maryland and the District of
Columbia, and is admitted to practice before the U.S. Fourth Circuit Court of
Appeals, the U.S. District Court for the Districts of Maryland and D.C., and the
U.S. Tax Court. While Mr. Kallina currently focuses his practice on estate and
charitable planning for high net worth individuals and representing a number of
charities on an ongoing basis, he has practiced extensively over the years in
the related fields of business law, corporate tax law, partnerships, and real
estate.
Mr. Kallina is the founder of CharitablePlanning.Com (www.charitableplanning.com),
a cofounder of the Planned Giving Design Center (www.pgdc.com), a former member
of the Board of Directors of the National Committee on Planned Giving (“NCPG”),
former Chairman (5 years) of the Government Relations Committee of the NCPG, a
co-founder of the Chesapeake Planned Giving Council, Chairman of the Board and
President of The James Foundation, a member of the Board of Directors of Search
Ministries, Inc., EMF (K-Love and Air One Radio), and a number of other boards.
On behalf of NCPG as Government Relations Chairman, CharitblePlanning.Com, and
also on behalf of clients, Mr. Kallina has testified frequently before the IRS
and currently works with the staff of various Congressional committees regarding
charitable legislation. Mr. Kallina is a nationally recognized speaker on estate
planning and charitable giving and a frequent author on these topics.
Wayne D. Eig
◆ ◆ ◆
Wayne D. Eig is a senior member of the Tax, Business/Commercial Transactions,
Estate Planning and Estate/Trust Administration practice groups of Paley,
Rothman, Goldstein, Rosenberg, Eig & Cooper, Chartered, in Bethesda, Maryland.
He practices primarily in the areas of tax, partnership, corporate and
succession/estate planning, with an emphasis on individual wealth preservation,
creditor protection and sophisticated entity and transaction structuring. Mr.
Eig has more than 30 years of experience advising individuals, closely held and
family businesses and investment ventures in conjunction with sales,
acquisitions, financing and investment activities, as well as structuring and
restructuring matters.
Throughout his legal career, Mr. Eig has been qualified as an expert witness on
a variety of complex business, estate and trust administration issues. He also
has represented a number of Washington D.C. metropolitan and
national/international real estate developers on development and transactional
matters involving similar tax, succession and general planning issues. Mr. Eig
has frequently lectured to the Tax and Estates & Trusts Sections of the Maryland
State Bar Association, and has made numerous presentations in the Maryland and
the Montgomery-Prince George’s Counties Continuing Legal Education Institutes.
He also has lectured in the Maryland Advanced Business Planning Institute and
has been published in the Estate Planning Journal. He has participated in the
Graduate Tax Workshop of New York University and has been a member of the
District of Columbia Estate Planning Counsel for more than 15 years. In 1999,
the native Washingtonian was chosen to serve as a member of the Board of Regents
of Georgetown University.
Mr. Eig was recognized as one of the “Top Washington Lawyers” (Trusts & Estates)
by the Washington Business Journal in 2004 and by Washingtonian Magazine in
2007. Mr. Eig received his B.A. with honors from Princeton University. He served
and was honorably discharged from the United States Army Reserve before going on
to earn his J.D. degree from Georgetown University Law Center. He is admitted to
practice in Maryland and the District of Columbia.
Planning Committee
Gary R. Anderson, Esq., CPA
GRA Financial Advisors
◆ ◆ ◆
John P. Edgar, Esq.
Legg Mason Investment Counsel
◆ ◆ ◆
Mary Baker Edwards, Esq.
Ober, Kaler Grimes & Shriver, P.C.
◆ ◆ ◆
Mary Alice Smolarek, Esq.
Wright, Constable & Skeen, L.L.P.
◆ ◆ ◆
Frank S. Baldino
Lerch, Early & Brewer, Chartered
◆ ◆ ◆
James D. Walsh, Esq., CPA
Walsh & Company, P.A.
Tuition
❏ MSBA
Members....................................................................................$299
❏ MSBA Estate & Trust Law Section
Members..............................................$279
❏ MSBA Young Lawyers Section
Members....................................................$279
❏ MICPEL Flex/Select Pass
Holders...............................................................$59
❏ All
Others............................................................................................$329
❏ Video
Replay........................................................................................$279
❏ PA Credits
Fee.......................................................................................$12
Video Replays
9:00 a.m. - 4:30 p.m. both locations
June 12, 2008; Baltimore
June 19, 2008; Baltimore
June 26, 2008; Rockville
July 3, 2008;
Rockville
CANNOT ATTEND?
Materials, Audio Tapes, CDs and DVDs are available for shipment within (30)
days after the course date.
❏ Course Materials......................Inv. # 3124-08........$ 101.84
❏ Audio Tapes & Materials...........Inv. # 3125-08.........$ 176.04
❏ CDs & Materials.......................Inv. # 3126-08.........$ 176.04
❏ DVDs & Materials....................Inv. # 3127-08.........$ 218.44
*Price Includes Tax and Shipping.
Click
here for a printable order form
Please fill out the form completely and fax it to MICPEL at 410.659.0647.