Trusts & Estates Law Section

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Event Overview

Wednesday, January 17, 2024

9:00 AM – 12:00 PM — CLE Program

12:00 PM – 2:15 PM — Reception & Luncheon

5:30 PM – 7:30 PM — Off-Site Reception – The University Club (One West 54th St.)

Thursday, January 18, 2024

9:00 AM – 10:30 AM — Committee Meetings

Planning for and Addressing Changed Circumstances

We live in a time where the need for flexibility in estate planning is more pressing than ever. Circumstances concerning beneficiaries may change dramatically overnight, the current federal estate, gift and generation-skipping transfer tax exclusion amounts are scheduled to sunset after December 31, 2025, and the Corporate Transparency Act portends to impose significant new obligations on our clients in reporting their closely held entities, beneficial owners and company applicants. Moreover, we live in a time of transformational changes in technology (including new far-reaching applications for artificial intelligence) that will no doubt significantly affect the estate planning that we do for our clients. This program will address all of this, and provide a toolbox for estate planners, fiduciaries, and litigators so that they can get ahead of this rising tide before it manifests, and address changed circumstances once they have occurred.

Key Highlights and Objectives

Learn what tools are available to plan for and address changed circumstances when drafting and administering irrevocable trusts including the use of trust protectors and trust modifications, permissible retained powers, and provisions allowing beneficiary control over trust assets and distributions.
Learn how to approach the impending sunset of the doubled federal estate, gift and GST tax exclusion amounts after December 31, 2025, and how to avoid a potential “clawback” situation under the IRS regulations and lingering related concerns.

Section Chair
Michael Schwartz, Esq. | Day Pitney, LLP | New York, NY

Program Co-Chairs
Nicole L. Clouthier, Esq. | Whiteman Osterman & Hanna, LLP | Albany, NY
Kevin Matz, Esq. | ArentFox Schiff, LLP | New York, NY

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General Registration Fee

Required for in-person attendees.


NYSBA Members	$220
Non-members	$305

+plus…

$120 Program Registration Fee

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Wednesday, January 17, 2024

3.0 MCLE Credits

3.0 Areas of Professional Practice

This program is transitional and is suitable for all attorneys
including those newly admitted.

8:45 a.m. – 9:00 a.m.

Welcome and Introduction

Section Chair:
Michael Schwartz, Esq.
Day Pitney, LLP
New York, NY

Program Co-Chair:
Nicole L. Clouthier, Esq.
Whiteman Osterman & Hanna, LLP
Albany, NY

Program Co-Chair: Kevin Matz, Esq.
ArentFox Schiff, LLP
New York, NY

9:00 a.m. – 9:50 a.m.

Structuring Irrevocable Trusts for Mobile Families

Learn what tools are available with respect to drafting and administering irrevocable trusts to effectively plan for mobile clients, beneficiaries, and trustees when their geographical circumstances change.

Speaker

Catherine Eberl, Esq. | Hodgson Russ, LLP, Buffalo, NY

Beth Kerwin, Esq. | Curtis, Mallet-Prevost, Colt & Mosle, LLP, New York, NY

1.0 Credit in Areas of Professional Practice

10:00 a.m. – 10:50 a.m.

The Estate Planner’s Guide to the Corporate Transparency Act

The United States is catching up with the rest of the world. With the recent enactment of the Corporate Transparency Act, certain domestic and foreign entities will be required to submit specified ownership Information to the Treasury Department, which could then be shared with certain Government agencies, financial institutions, and regulators. In an effort to enhance transparency, CTA’s reporting requirements target generally smaller, more lightly regulated entities that may not be subject to any other reporting requirements, while exempting more heavily regulated entities. This session will focus on the law’s reporting requirements and the final regulations that have been issued by Treasury’s FinCEN group to implement the CTA. The session will also focus on specific information to be reported, reporting deadlines, open issues and penalties for non-compliance.

Speaker

Mitchell A. Drossman, Esq. | U.S. Trust, New York, NY

1.0 Credit in Areas of Professional Practice

11:00 a.m. – 11:50 p.m.

Estate Planning in the Face of the Scheduled Sunset of the Doubled Federal Estate, Gift and GST Tax Exclusion Amount after December 31, 2025

The estate planning world is scheduled to turn upside down yet again with the coming sunset after December 31, 2025 of the doubled federal exclusion amounts for estate, gift and generation-skipping transfer tax purposes. What are we to advise our clients to do, and what perils still lurk which could trigger a “clawback” of transferred property with a loss of exemption? This session will address this and provide practical all-weather guidance in the face of this coming storm.

Speaker

Kevin Matz, Esq. | ArentFox Schiff, LLP, New York, NY

1.0 Credit in Areas of Professional Practice

12:00 p.m. – 12:45 p.m.

Reception

12:45 p.m. – 2:15 p.m.

Luncheon

Artificial Intelligence, its Developments, and its Potential Future Impact on Trusts & Estates Practice.

Speaker

Jonathan G. Blattmachr, Esq. | Pioneer Wealth Partners, New York, NY

No CLE Credit for this session

5:30 p.m. – 7:30 p.m.

Off-site Reception

All attendees must be registered in advance or will not be admitted.

The University Club of New York- One West 54th St.

Sponsored by:

DOYLE Auctioneers & Appraisers
Berkshire Hathaway Home Services
Grassi
Fiduciary Trust International