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Trusts & Estates Law Section Fall 2020 Meeting – DAY TWO

Trusts & Estates Law Section Fall 2020 Meeting – DAY TWO

Program Topics and Speakers:

Wealth Transfer Planning with Carried Interests in Funds

(1.0 Professional Practice)

Estate planning with carried interests in funds can be quite advantageous from a wealth transfer standpoint if done correctly. There are, however, a number of pitfalls and issues that must be carefully navigated in order to avoid potentially draconian consequences under Section 2701 of the code as well as a number of other theories. This topic will cover a range of issues that are critical to consider when engaging in this type of planning. 

N. Todd Angkatavanich, Esq., Ernst & Young LLP, Hartford, CT


Navigating the Dangerous Intersection of Powers of Appointment and Asset Protection Planning

(1.0 Professional Practice)

This topic will begin with a review of the tax law relating to powers of appointment, and will then delve deeply into how the use of powers of appointment intersect with your clients’ asset protection concerns and planning. In addition, this presentation will attempt to provide practitioners with useful planning options to enhance their clients’ asset protection planning through the thoughtful (and, perhaps, unconventional) use of powers of appointment.

Daniel S. Rubin, Esq., Moses & Singer LLP, New York City

Planning to Avoid Closely-held Business Disputes

(1.0 Professional Practice)

The successful disposition of a closely-held business at death often requires much more than a well-drafted Will or Trust. This topic will discuss important corporate, partnership, and limited liability laws and agreements, as well as financial, tax, and fiduciary accounting issues that should be considered to avoid disputes upon the death of a closely-held business owner.

Thomas J. Collura, Esq., Hodgson Russ LLP, Albany

Virtual Representation: The “Other” VR 

(1.0 Skills)

To the uninitiated, virtual representation may sound like the latest smartphone app, but SCPA 315, the statute creating this time-saver, is over 50 years old. SCPA 315 creates efficiencies for the parties and the Surrogate’s Court by streamlining jurisdiction over members of a class which vests at a future time. By recognizing common economic interests among diverse generations of interests, SCPA 315 creates a jurisdictional predicate for the efficient administration of complex estates and trusts. This program will address the mechanics of SCPA 315 and provide practical guidance for the use of it.

Hon. Sara W. McGinty, Ulster County Surrogate's Court, Kingston

Robert M. Harper, Esq., Farrell Fritz, P.C., Uniondale

Section Member Price: $85.00 Join (or renew) for special member pricing
Non-Member Price: $250.00
Published Date:
  • October 2, 2020
  • Online On-Demand
Product Code:
  • VJM31B
Areas Of Professional Practice Credit(s):
  • 3.0
Skills Credit(s):
  • 1.0
Total Credit(s):
  • 4.0