Previous Events & CLE Programs
September 25, 2008
Committee Meeting
Use of Nominee Trusts and Other Entities in Estate and Gift Tax Planning for Residential Real Estate
Join Peter Shapland, Day Pitney LLC, to learn how estate plans often involve use of nominee trusts and other entities (particularly LLCs) to hold residential real estate. We will discuss income, gift tax issues that arise when drafting and implementing these arrangements, as well as the different governance issues that arise under the different entity choices. We will also discuss the reduced, but still important, role of nominee trusts in Massachusetts estate planning for residential real estate.
May 22, 2008
Committee Meeting
The Great Escape: Charting the Course for the Vacation Home
Melissa Langa, Bove & Langa, P.C., will speak on the unique challenges that arise due to the emotional attachment a client has to a beloved vacation home. Ms. Langa will specifically address:
- Income and transfer tax issues,
- Asset protection now and for the future,
- Structures for multi-generational ownership, and
- Non-tax issues such as family harmony and usage agreements.
April 24, 2008
Committee Meeting
Charitable Lead Trusts
Susan L. Abbott and Janet M. Rickershauser, Goodwin Procter LLP, will provide an overview of charitable lead trusts, with a particular focus on charitable lead annuity trusts. We will discuss how to structure CLATs, the tax consequences of CLATs, and how to draft CLATs in light of the new IRS forms. We will also discuss planning opportunities and the circumstances in which charitable lead trusts may be useful for your clients.
March 27, 2008
Committee Meeting
Intra-family Loans
Kimberly Cohen, Ropes & Gray LLP, will discuss how to make the most of intra-family loans in your estate planning in this low interest-rate environment.
February 28, 2008
Committee Meeting
Income Tax Issues in Estate Planning with LLCs
Nicola Lemay and Sharon Lincoln, Foley Hoag LLP, will provide an overview of the important income tax issues that can surface upon the formation, as well upon distributions from, a limited liability company ("LLC"). These issues may not be apparent to estate planning practitioners when an LLC is initially established for estate planning purposes. Join us for this overview so you may more easily spot potential income tax traps.
February 27, 2008
Committee Meeting
Guardianships
Sponsors
Elder Law & Disability Planning Committee
Estate Planning Fundamentals Committee
Elizabeth Baum and Robert Weber of Weber & Baum will provide a general overview of the guardianship process: basic law, a "how to," and pitfalls and problem areas.
A discussion will follow regarding the “Rogers process,” when a Rogers guardian is necessary and a description of duties, along with topics including:
- Interaction of a guardian,
- A health care agent,
- HIPPA issues, and
- The role of the professional guardian.
December 13, 2007
Section Presentation
Annual Mid-Year Review
Sponsors
Trusts & Estates Section
Estate Planning Committee
The Co-chairs of the Trusts & Estates Section and the Estate Planning Committee invite you to the presentation of our annual Mid-Year Review. This year, we are privileged to welcome Dennis R. Delaney, Hemenway & Barnes, Peter Shapland, Day Pitney LLP, and Nick Gray, Rubin & Rudman as our presenters. They will discuss recent cases and rulings of importance to Trusts & Estates practitioners.
The program is the Section’s annual Holiday celebration and lunch will be provided for all who attend. We hope you can join us for this festive event.
Happy Holidays to All,
Mel A. Warshaw
Co-Chair, Trusts & Estates Section
Nancy E. Dempze
Co-Chair, Trust & Estates Section
Stephen Ziobrowski
Co-Chair, Estate Planning Committee
Anne Marie Towle
Co-Chair, Estate Planning Committee
November 16, 2007
Committee Meeting
Estate Planning with Stock Options
Leiha Macauley of Day Pitney LLP will provide an overview of the most important issues regarding stock options in the administration of an estate. Specific topics will include accelerated exercise timing, valuation, funding trusts and fiduciary income tax considerations.
October 25, 2007
Committee Meeting
Special Needs Trusts & Disability Planning
Ken Shulman of Day Pitney LLP will discuss the various entitlement and benefits programs available to people with disabilities (including elders) and the drafting and administration of Special Needs Trusts designed to protect the beneficiary's eligibility for programs. Properly drafted and administered Special Needs Trusts can preserve eligibility for benefits while, simultaneously, providing a source of funds to enhance the beneficiary's lifestyle. Traps for the unwary abound in this area of practice.
October 23, 2007
CLE Program
:The Massachusetts Principal and Income Act: Clarification and Further Questions, Two Years Hence
On November 10, 2007, it will have been two years since then Acting Governor Kerry Healey followed the example of a number of other States and signed The Massachusetts Principal and Income Act into law. The Act provided much needed clarification regarding how to account for principal and income in trusts and estates governed by Massachusetts law. At the same time, a number of questions have arisen regarding how certain aspects of the law actually work. Lawyers drafting and administering trusts under Massachusetts law have now had a little less than two years to get to know the Act. This seminar, sponsored by the Trusts and Estates Section of the Boston Bar Association, is designed to take inventory of the Act.
Click here for complete program description
September 27, 2007
Committee Meeting
Planning for Education Expenses
Adrienne M. Penta of Choate Hall & Stewart LLP and Thomas D. O’Shea of Megan & O’Shea LLC will discuss efficient vehicles for saving for educational expenses. Specific topics include:
- including 529 plans;
- 2503(c) trusts;
- Crummey trusts;
- HEETs;
- UTMA accounts and direct payments under section 2503(e);
- and the estate, gift and income tax consequences of each technique.
May 24, 2007
Committee Meeting
Estate Planning for Artists
Join us as we discuss how best to plan for the unique issues that arise with artists’ estates. In their lifetimes artists can create hundreds if not thousands of pieces of art. This volume and its ultimate disbursement often create unique issues for artists, the lawyers that represent them, the executors of the estates and the artist’s heirs. Issues including storage, transportation, insurance, taxes and inventory can be complicated and costly while the art itself can be difficult to appraise. Moreover, the intellectual property rights outlive the artist, and therefore are a component of the artists’ estate that must be addressed.
Panelists include:
April 26, 2007
Committee Meeting
Estate Planning Issues for Non-Citizen Spouses
Martin Hall, a partner at Ropes & Gray LLP, will discuss the estate planning challenges presented when one or both spouses are domiciled in the United States but are not United States citizens. Mr. Hull will discuss:
- the technical requirements of qualified domestic trusts
- limitations on inter vivos transfers
- the treatment of jointly-held property
- options for planning with qualified retirement assets
March 22, 2007
Committee Meeting
Planning Your Client’s Retirement Benefits: Best & Worst
Natalie Choate of Bingham McCutchen LLP will discuss estate planning for retirement benefits, and attendees will receive a copy of her 94-page publication, "The 170 Best & Worst Planning Ideas for Your Client's Retirement Benefits." A Q&A session will follow the program.
Did you know: The Estate Planning Committee was founded by Natalie Choate in 1981.
February 26, 2007
Committee Meeting
Advantages and Limitations of Durable Powers of Attorney
Sponsors
Estate Planning Committee
Elder Law & Disability Planning Committee
Russel E. Haddleton of Haddleton & Associates, P.C. and Daniel A. Wentworth of Fidelity Investments will discuss the advantages and limitations of durable powers of attorney. This will be viewed both from the perspective of the attorney who is presenting the power and the person requested to accept the durable power of attorney.
December 14, 2006
Committee Meeting
Annual Mid-Year Review
The co-chairs of the Trusts & Estates Section and the Estate Planning Committee invite you to the presentation of our annual Mid-Year Review. This year, we are privileged to welcomeShari A. Levitan of Holland & Knight LLP and Donna M. White of Donovan Hatem LLP as our presenters.
Ms. Levitan and Ms. White will discuss recent cases and rulings of importance to Trusts & Estate practitioners
The program is the Section’s annual Holiday celebration and lunch will be provided for all who attend. We hope you can join us for this festive event.
November 13, 2006
Committee Meeting
George Cushing of Kirkpatrick & Lockhart Nicholson Graham LLP will speak. More details to follow.
October 26, 2006
Committee Meeting
Section 754 Elections: Transfers of Partnership Interests at Death
Stephen Ziobrowski of Day, Berry & Howard LLP and Jennie Kinnevy of Feeley & Driscoll, P.C. will review the basics of Section 754 elections.
Topics to be discussed:
- How to recognize when elections should be made
- How to make elections
- How to plan for situations where the election is not made
September 21, 2006
Committee Meeting
Implications of New Hampshire ’s New Trust Laws for New England Estate Planners
New Hampshire adopted effective August 19, 2006, a comprehensive amendment to its Uniform Trust Code and related laws with the purpose of making New Hampshire the most attractive state for trusts and private trust companies in the nation.
Key changes include:
- Limiting mandatory UTC provisions
- Authorizing purpose and quiet trusts
- Adopting a next generation principal and income act
- Insulating trustees from liability for diversification decisions made in good faith
John P.C. Duncan, Principal, and Michael R. Conway, Jr., Counsel, both with Duncan Associates Attorneys and Counselors, P.C., were the primary authors of this legislation. They will review its implications for New England estate planners and discuss possible efforts to emulate the legislation in Massachusetts, Delaware and elsewhere.
Meeting Materials
Trust Modernization and Competitiveness Act
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