Estate Planning: Federal tax update, advanced tools, techniques, and new laws (Including 1hr. of Ethics)

Justin M. Gilbert | Music City Estate Law

Justin M. Gilbert is an attorney at Music City Estate Law, where he practices in the areas of estate planning, asset protection, business planning, and related tax matters. Mr. Gilbert regularly speaks on estate planning and tax related topics. His practice emphasizes estate planning, which includes wills and trusts and other estate planning devices, and trust administration and probate.

Mr. Gilbert is a member of WealthCounsel and past member of the ARAG Legal Attorney Advisory Committee. Mr. Gilbert earned his B.S. degree in finance from George Mason University and his J.D. degree from Santa Clara University School of Law. He is admitted to practice in the state courts of California, Florida, and Tennessee.

Louis A. Silverman | Silverman Law Offices

LOUIS A. SILVERMAN has been practicing law in Arizona since 1981. In 2005, he changed the focus of his civil litigation practice to estate planning, estate administration, and probate law. In 2015, Mr. Silverman became board-certified in estate and trust law by the State Bar of Arizona. His practice emphasizes estate planning, which includes wills and trusts, powers of attorney, and other estate planning devices; and trust administration and probate, which includes death probate, guardianships, and conservatorships. Mr. Silverman has served as judge pro tem on the Maricopa County Superior Court.

He is a member of WealthCounsel, a collegial national association of approximately 2,500 lawyers whose practices are exclusively dedicated to estate planning law. He is a past member of the Elder Law, Mental Health and Special Needs Planning Section of the State Bar of Arizona. He is on the board of trustees of Southwest College of Naturopathic Medicine and member of the Board of Directors of Tempe Leadership. Mr. Silverman earned his B.S. degree in business from Arizona State University and his J.D. degree from South Texas College of Law in Houston. He is admitted to practice in the state courts of Arizona and Texas, the U.S. District Court for Arizona, and the Western District of Texas. His hobbies include fishing, golf and Tie-Dyeing.

Session I – Deep Dive of Federal Tax Policy and its Impact on Advance Estate Planning Tools and Techniques | 12:00pm – 2:10pm

I. Federal Tax update 2022 | 12:00pm – 12:45pm

1. Expanded IRS Funding, compliance, and increased audit risk
2. Changes to corporate tax structure
3. State and Local Tax Deduction
4. Changes to Charitable Contribution Limits
5. Net Investment Income Tax
6. Dismantling of the Tax Cuts and Jobs Act
7. Conservation Easements
8. Valuation Rules
9. New Tax Rates and Exemptions

II. Estate tools | 12:45pm – 1:00pm

1. Life Insurance Tools
2. Decanting Irrevocable Trusts
3. Using Durable Powers of Attorney Effectively
4. Qualified Personal Residence Trusts
5. Charitable Trusts

Break | 1:00pm – 1:10pm

III. The secure act | 1:10pm – 2:10pm

1. Key Changes to Qualified Retirement Accounts
2. 10-year Rule – who does it apply to and who is exempt
3. Designated Eligible Beneficiaries
4. Death of Stretch IRA
5. Key Trust Provisions
6. Conduit Trust Disaster
7. Accumulation Trusts
8. New Planning Opportunities

Break | 2:10pm – 2:20pm

Session II – New Laws and Ethics in Estate Planning | 2:20pm – 5:10pm

I. New approaches for small- to mid-sized estates | 2:20pm – 2:50pm

II. New approaches for high-net-worth clients and their estates | 2:50pm – 3:20pm

Break | 3:20pm – 3:30pm

III. Modifying existing trusts and plans and build in flexibility for the future | 3:30pm – 3:45pm

IV. Addressing irrevocable trusts and the tools to modify them | 3:45pm – 4:00pm

V. Legal Ethics in Estate Planning (Part I) | 4:00pm – 4:30pm

Break | 4:30pm – 4:40pm

VI. Legal Ethics in Estate Planning (Part II) | 4:40pm – 5:10pm