Presented by the Elder Law Section
Seminar Code: EEL150227
CLE Credit: 5.0 Hours
About the Program:
This program will cover the basic estate tax, gift tax and Medicaid aspects of common transfers. Basic strategies, including the use of Trusts, care contracts and annuities will also be covered. There will be a focus on the special problem posed by the incapacitated client.
Who Should Attend:
Attorneys and other professionals dealing will all aspects of estate planning and elder law issues
Program Chairs and Moderators:
Deborah L. Hadaway, Elder Law Center of Connecticut, Glastonbury
Laurel D. Mangan, Law Office of Laurel Mangan, Vernon
Hon. F. Paul Kurmay, Stratford Probate District (ret.)
Keith “Brad” Gallant, Day Pitney LLC, New Haven
Amy E. Orlando, Law Offices of Amy E. Orlando LLC, Cheshire
John Palmeri, John J. Palmeri - Attorney at Law LLC, Cheshire
Sharon L. Pope, CzepigaDalyPope LLC, Hartford
9:00 a.m. - 10:00 a.m.
Introduction to Program
1. Asset Sales and Transfers: Tax Saving Strategies
a. Basis Considerations
b. Various Borrowing Strategies
c. Disregarded Entities
d. Grantor Trusts
e. Qualified Subchapter S Trusts
f. Deceased Spousal Unused Exclusion
g. Mixing-Bowl Transactions
h. Charitable Planning Strategies
10:00 a.m. - 10:45 a.m.
a. Gift Tax Basics
i. Taxable Versus Non-Taxable Gifts
ii. Asset Retitling
b. Gifts to Minors
i. Generation Skipping Transfer Tax Basics
ii. Uniform Transfers to Minors Act (UTMA)
iii. 529 Plans
iv. Irrevocable Trusts
1. 2503(c) Trusts (Minor’s Trusts)
2. Crummey Trusts
10:45 a.m. - 11:00 a.m. Break
11:00 a.m. - 12:00 p.m.
3. Medicaid Transfer of Assets Considerations
a. General rule
i. Transfers to Spouse, use of annuities
ii. Transfers to Caretakers, written contract and no written contract
iii. Transfers to Children, Disabled, use of “sole benefit” trusts
c. Proving Exceptions to the Satisfaction of DSS
12:00 p.m. - 12:30 p.m. Lunch
12:30 p.m. - 2:00 p.m.
4. The Incapacitated Client
a. Pre-planning with Powers of Attorney and Trusts
b. Planning Strategies using Conservatorships
2:00 p.m. - 2:30 p.m.
5. Legislative Initiatives
Event Cost: Member $175
Law/Paralegal Student $85
** CLE materials for this seminar will be e-mailed to registrants prior to the seminar for download. Please note that refunds will not be granted once course materials have been received. Refunds require a minimum of two business days notice.
The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. Financial hardship information available upon request.