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PLI’s Programs? See inside for details...

Many New Topics!

• Potential tax traps and creative distribution strategies for trustees and their advisors

• Estate planning and administration in the internet age

• Update on elder law, especially medicare and medicaid

• Drafting estate planning documents to comply with and takeadvantage of the 2010 Tax Act

• Generation skipping transfer tax planning under the 2010 Tax Act

and much much more…

Satisfy Your CLE and CPE Requirements!

New York City, September 12-13, 2011

New Brunswick Groupcast Location, September 12-13, 2011

Live Webcast, September 12-13, 2011 — www.pli.edu

4 2 n d A n n u a l

Estate PlanningInstitute

Register Online atwww.pli.edu orCall (800) 260-4PLI���

One full hour of ethical

concerns inestate planning

R e s e r v e y o u r p l a c e t o d a y , c a l l ( 8 0 0 ) 2 6 0 - 4 P L I .

Why You Should AttendThe Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which was enacted on December 17, 2010, completely changed thelandscape regarding federal estate taxes, gift taxes and generation-skipping transfer taxes. Learn how these tax law changes affect theplanning and administration of your clients’ estates. Prestigious experts atthe forefront of their fields will explore these tax law changes and discusshow you can use this information to your clients’ maximum advantage.

What You Will LearnMany New Topics!

• Potential tax traps and creative distribution strategies for trustees and their advisors

• Estate planning and administration in the internet age

• Update on elder law, especially Medicare and Medicaid

• A review of the transfer tax changes in the 2010 Tax Act

• Drafting estate planning documents to comply with and take advantage of the 2010 Tax Act

• Asset protection

• Marital deduction planning under the 2010 Tax Act

• Generation skipping transfer tax planning under the 2010 Tax Act

• Post-death elections and planning under the 2010 Tax Act

• Charitable and personal planning

• An update on recent developments in all other areas of estate, trust and transfer tax planning

• Sophisticated planning techniques in a low interest rate environment

• Ethical concerns in estate planning

and much more!

Who Should AttendAttorneys and allied professionals specializing in estate planning, insurance and tax;accountants, financial planners, trust officers, non-profit development professionals andanyone whose practice requires a solid understanding of estate planning.

Live Webcast at www.pli.eduThe New York City session of this program is available live via the web at www.pli.edu:

• Print the Course Handbook

• Submit questions electronically

• Get “real-time” education right from your PC!

If you have any questions please call PLI’s Customer Relations Department at (800) 260-4PLI.

4 2 n d A n n u a l

Estate Planning InstituteNew York City, September 12-13, 2011

New Brunswick Groupcast Location, September 12-13, 2011

Live Webcast, September 12-13, 2011 — www.pli.edu

Chair: Sanford J. SchlesingerSchlesinger Gannon & Lazetera LLPNew York City

F A C U L T Y

Erica BellWeiss, Buell & BellNew York City

Blanche Lark ChristersonManaging Director Deutsche Bank Private Wealth

Management New York City

Hon. John M. Czygier, Jr. Judge of the Surrogate’s CourtSuffolk County Riverhead, New York

Ronni G. Davidowitz Katten Muchin Rosenman LLPNew York City

Sharon L. KleinHead of Wealth AdvisoryLazard Wealth Management LLCNew York City

Bernard A. Krooks Littman Krooks LLPNew York City

Patrick T. LeahyGroup Manager/Supervising AttorneyInternal Revenue ServiceNew York City

Gideon RothschildMoses & Singer LLPNew York City

Andrea Levine SanftPaul, Weiss, Rifkind, Wharton

& Garrison LLPNew York City

Martin M. ShenkmanMartin M. Shenkman, P.C.Paramus, New Jersey

Kate SpelmanCobalt LLPBerkeley, California

Conrad Teitell Cummings & Lockwood LLCStamford, Connecticut

Program Attorney: Meghan C. Forgione

PLI’s Nationally Acclaimed Course HandbooksAll program attendees will receive a copy of the Course Handbook 42nd Annual EstatePlanning Institute. This bound volume is prepared specifically for this program and alsostands alone as a permanent reference. PLI’s Course Handbooks represent the definitivethinking of the nation’s finest legal minds, and are considered the standard reference inthe field. The Course Handbook will be available on the first day of the program. Please note: Webcast attendees will have access to a downloadable version of theHandbook one business day prior to the program.

“Very well presented topicsand very CURRENT topics”– Renee Ruder, Independent Tax

Consultant

“Program was very helpfuland informative.”– 2010 attendee

“Great program andmaterials.” – 2010 attendee

P R O G R A M

Morning Session: 9:00 a.m. – 12:30 p.m.

9:00

Recent Developments in EstatePlanning and Federal Taxation• Tax Relief, Unemployment Insurance

Reauthorization, and Job Creation Act of 2010• Obama 2012 Fiscal Year Transfer Tax Proposals• New IRS Rulings and Regulations• Recent Case Law Developments Regarding

Transfer Taxes• State Law Developments Regarding Estates

and TrustsSanford J. Schlesinger

10:15

Generation Skipping Under2011/12 Tax Laws• Provisions of the Tax Relief, Unemployment

Insurance Reauthorization, and Job Creation Act of 2010

• Effect of 2010 GST Transactions • Sunset Provisions • GST tax Planning Opportunities

1. Gifts 2. Leveraged transactions 3. Sales to grantor trusts 4. Planning with Life Insurance

• Dynasty Trust Planning Opportunities 1. Income tax 2. Asset protection

Andrea Levine Sanft

11:15 Networking Break

11:30

Update on Elder Law, EspeciallyMedicare and Medicaid• Medicaid Planning for single individuals

and married couples• Long-term care insurance,

including tax considerations• Protecting the family home• Use of trusts in elder law planning• Retirement accounts and long-term care planning• Medicare - what's covered, what's not?Bernard A. Krooks

12:30 Lunch

Afternoon Session: 1:45 p.m. – 5:00 p.m.

1:45

Asset Protection• Why the need for Asset Protection?• Use of trusts for asset protection• Self-settled trusts - foreign vs. domestic• Challenges to asset protection trusts• Estate planning with gifts to self-settled trustsGideon Rothschild

2:45

Charitable and Personal Planning• Gifts and bequests of retirement benefits• Savvy planning to avoid dreaded income

in respect of a decedent• Using an IRA to fund a testamentary CRT

for a survivor• Choosing wisely among inter vivos

charitable remainder trusts to provideretirement income

• The oft-overlooked deferred paymentcharitable gift annuity

Conrad Teitell

3:45 Networking Break

4:00

Ethical Considerations• Conflicts • Retainer Agreements • Representing Fiduciaries Hon. John M. Czygier, Jr.

5:00 Adjourn

DAY ONE: 9:00 A.M. – 5:00 P.M.

S C H E D U L E

DAY TWO: 9:00 A.M. – 5:00 P.M.

Morning Session: 9:00 a.m. – 12:15 p.m.

9:00

Potential Tax Traps and CreativeDistribution Strategies ForTrustees and Their Advisors • How to avoid potential tax traps in the trust context

inherent in the distribution, taxation allocation andinvestment arenas, including:1. Utilizing the power to adjust and unitrust

distribution tools2. Allocating the capital gains tax burden

among beneficiaries3. The tax impact of investment strategy on

beneficiaries with competing interests. • Practical guidance for managing conflicts and

reducing potential litigation exposure• Creative trust distribution strategies designed to

maximize after-tax impact in the charitable planningcontext and in the context of planning for non-UScitizen surviving spouses.

Sharon L. Klein

10:00

Sophisticated PlanningTechniques in a Low Interest-Rate Environment• GRATs (grantor retained annuity trusts) • Sales to Defective Grantor Trusts • CLATs (charitable lead annuity trusts) • QPRTs (qualified personal residence trusts) • Intra-family loansBlanche Lark Christerson

11:00 Networking Break

11:15

Planning for Post-Death Elections• State of domicile can have a wide range of

consequences to the estate• Put options and other rights (options) under buy

sell and other agreements• Extension of time to pay estate tax under 6161

for reasonable cause• Estate tax deferral 6166• Graegin loans• Planning gain or loss on distributions• Disclaimers – a key tax and dispositive factor• Marital deduction can be the subject of a

host of elections or elective actions by the executor or trustees

• Claims, liabilities, and claims can be impacted by the executor’s actions

• If the assets have declined in value, and there is areduction on the estate/GST tax due, then thefiduciary can make an election to use the alternatevaluation date (“AVD”) to value assets at the datesix months following the decedent’s death. IRCSection 2032.

• Minimum Required Distribution (“MRD”) Rules forbeneficiaries who inherit the retirement plans.

Martin M. Shenkman

12:15 Lunch

5 Ways to Attend PLI’s Programs:• Live Programs – Attend the program with other

attendees and ask the speakers questions from thefloor. Ideal if you want the live experience.

• Live Webcasts – View the live program from your homeor office and watch the streaming video on your laptop ordesktop, ask questions electronically, view or print theCourse Handbook, and, if you have to miss any of it, you have access to the archived portion for one year. Ideal if you can’t travel and still want to benefit fromsimultaneous live viewing of the program.

Please plan to arrive with enough time to register before the conference begins. A networking breakfast will be available upon your arrival.

Afternoon Session: 1:30 p.m. – 4:45 p.m.

1:30

Estate and Tax Planning forDomestic Partners• Recent developments affecting domestic partners,

same sex spouses and alternative families • Estate planning for domestic partners and

alternative families • Domestic partnership agreements and special issues

regarding prenuptial agreements for same-sex spouses• Issues arising from joint ownership arrangements • Gifts • Useful estate planning instruments for

domestic partners Erica Bell

2:30

IRS vs. The Taxpayer Perspective• Transfer tax audit profile for 2010 and beyond• Preparing for the examination• The examination process and conclusion• Practical recommendationsRonni G. Davidowitz, Patrick T. Leahy, Sanford J. Schlesinger

3:30 Networking Break

3:45

Estate Planning andAdministration in the Internet Age• Ten top mistakes that estate planners make when

copyrights form a part of the estate's assets• The coming copyright termination crisis —

what planning do you need to preserve the estate’s right to recapture the copyright?

• How the usual estate planning ‘intake questionnaire’ is like asking people in a crowded room, “can you hear me?”

• Recent case law current developments in theintersection of copyright and estate planning

Kate Spelman

4:45 Adjourn

Estate Planning & Chapter 14:Understanding the Special Valuation Rules Cheryl E. Hader (Ropes & Gray LLP, New York City)

1 looseleaf volume, 473 pages, $285 $185.25(Updated annually or as needed: No charge forrevision issued within 3 months of purchase)

Visit the PLI Bookstore the day of the program to receive your discount!

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