Don't miss this premier event for the estate planning and tax communities. The day will kick-off with a networking breakfast followed by both plenary and break-out sessions presented in a three-track format. National speakers will present on cutting-edge tax and estate planning issues. The seminars will address the future of estate planning as well as significant tax issues faced by today’s businesses.

A portion of this conference will be recorded. Please refer to the agenda below to view sessions to be recorded (denoted by an asterisk). Recorded sessions will be available for purchase in the Education Portal following the conference.

8:00 a.m. – 9:00 a.m.

Registration and Breakfast
Thank You to Our Networking Breakfast Sponsor


 Bessemer_Trust_Logo_unofficial 



9:00 a.m. – 9:05 a.m.

Introduction and Brief Background

Introduction and Brief Background on Major Connecticut Law Changes

9:05 a.m. – 10:05 a.m.

Opening Plenary

Current Developments and Planning Ideas We Find Fun and Interesting*

Attorneys Berry and Redd will review the most interesting recent developments of general

interest to estate planners, covering not only wealth transfer taxation but also various state cases and trends that make our planning easier and more challenging. They will take notice of Connecticut’s adoption of the Uniform Trust Code and will discuss how the UTC can be used to implement modern estate planning efforts, including some specific pointers regarding changes made from the uniform act by the Connecticut legislature.


Turney Berry


Turney P. Berry

Wyatt Tarrant & Combs LLP
Louisville, KY
 Charles Redd   



Charles A. Redd

Stinson LLP
St. Louis, MO


10:05 a.m. – 10:15 a.m.

Break

Break


10:15 a.m. – 11:15 a.m.

Concurrent Session 1

1-A Basics of the New Connecticut Uniform Trust Code*

 Mary Ackerly  

Mary M. Ackerly

Ackerly Brown LLP
Bantam
 John Ivimey  

John R. Ivimey
Reid and Riege PC
Hartford
 Edward Krzanowski_sm  

Edward F. Krzanowski
Day Pitney LLP
West Hartford
 Kelley Peck_sm  


Kelley G. Peck

Cummings & Lockwood LLC
West Hartford
 Deb Tedford  

Deborah J. Tedford
Tedford Law Firm PC
Mystic
 Suzanne Walsh_sm  

Suzanne Brown Walsh

Murtha Cullina LLP
Hartford

1-B Tax Issues Affecting Start-up Ventures and Early-stage Companies

Representing a tech start-up or other early-stage business requires a special set of skills for practicing attorneys. Issues cannot always be “pigeonholed” into specialized areas of practice, and counsel is often required to be a “utility infielder” with competence in a number of areas of law including taxation. In this fast-paced, entertaining presentation, business lawyer Cliff Ennico will cover some of the tax issues affecting Connecticut-based start-ups, including Section 199A (the 20 percent small business deduction), the rise of “economic nexus” in New York and other states, compensating “sweat equity” business owners in corporations and LLCs, overseas partners/investors in an LLC or other “pass through” entity, and tax treatment of stock in a failed startup.

 Cliff Ennico_sm  

Clifford R. Ennico
Law Offices of Clifford R. Ennico
Fairfield


1-C Everyday Bias, Everyday Solutions: Advancing Diversity, Equity, and Inclusion in Your World

Biaess affect our daily interactions, often so seamlessly that we may not even recognize when they manifest. This session will give you the tools to advance diversity, equity, and inclusion in the world immediately around you:  your professional dealings with clients and colleagues, your conversations, your workplace systems and policies. In an interactive presentation, you will consider the implications of systemic and personal bias, study some of its routine manifestations, and learn how to disrupt bias toward more equitable and inclusive outcomes. 


Karen DeMeola_sm



Karen DeMeola

University of Connecticut School of Law
Hartford

Cecil Thomas_sm

Cecil J. Thomas
Vice President, Connecticut Bar Association
Greater Hartford Legal Aid
Hartford



11:15 a.m. – 11:25 a.m.

Break

Break


11:25 a.m. – 12:25 p.m.

Concurrent Session 2

2-A Tax Considerations in Trust Terminations, Modifications, and Decanting Under Connecticut’s New Uniform Trust Code*

This presentation will discuss the federal tax issues to be aware of when terminating or modifying a trust under Connecticut’s new Uniform Trust Code, or decanting a trust under Connecticut’s Uniform Trust Code (or taking similar actions under similar statutes of other states). It will review some of the history of the IRS’s view of those issues reflected in regulations and rulings, including letter rulings in which the speaker was directly or indirectly involved. Against that background, the presentation will include predictions of where both formal IRS guidance and informal IRS reactions may go in the future.


Ron Aucutt_sm


Ronald D. Aucutt

Bessemer Trust
Naples, FL



2-B Qualified Small Business Stock

This session will discuss the tax benefits available for qualified small business stock and will focus on the requirements, gain exclusion and rollover, and planning opportunities and traps for the unwary.


Dan Gottfried_sm


Daniel L. Gottfried

Day Pitney LLP
Hartford

Michael Spiro_sm


Michael P. Spiro
Finn Dixon & Herling LLP
Stamford
12:25 p.m. – 12:45 p.m.

Break
12:45 p.m. – 1:35 p.m.

Lunch
Thank You to Our Luncheon Sponsor

 Liberty-Bank-unofficial 


1:35 p.m. – 2:35 p.m.

Afternoon Plenary

Recent Developments in Asset Protection*

Asset protection trusts will arrive in Connecticut effective January 1, 2020. This presentation will review the legislation and planning with such trusts and other strategies for asset protection.

 gideon_rothschild_sm 

Gideon Rothschild
Moses & Singer LLP
New York, NY


Thank you to Our Luncheon Featured Speaker Sponsor

 WebsterPrivateBank
  
2:35 p.m. – 2:45 p.m.

Break

Break


2:45 p.m. – 3:45 p.m.

Concurrent Session 3

3-A Connecticut Directed Trusts*

The Connecticut Uniform Trust Code includes the new Connecticut Uniform Directed Trust Act. This presentation will review the Directed Trust Act and the options and opportunities it presents. The presentation will also address planning and drafting considerations for practitioners advising clients on the use of Connecticut directed trusts.


gianopulos_christiana


Christiana N. Gianopulos
Day Pitney LLP
West Hartford


3-B Real Estate Tax Planning

This presentation will cover topics in real estate tax planning, including itemized deductions, exclusion of gain on sale of principal residence, like-kind exchanges, rental property, passive activity losses, 199A – QBI deduction, qualified opportunity funds, and REITs.


Stephen Baxley_sm


Stephen A. Baxley
Bessemer Trust
New York, NY

3-C Kaestner Trust Decision: The Significance for State Income Taxation of Trusts

On June 21, 2019, in an unanimous decision, the United States Supreme Court held that the taxation of undistributed income from a trust by North Carolina, based solely on the basis of the beneficiaries’ residence in the state, violated the Due Process Clause of the Fourteenth Amendment. The opinion, although narrow, is highly significant in being the Supreme Court’s first attempt in many decades to address the increasingly important issue of state taxation of trust income. This program will provide an overview of the facts in Kaestner Trust, analyze the Supreme Court’s decision, and discuss the implications of the decision for state income taxation of trusts.


Beth-Ann-Brunalli_sm


Beth Ann Brunalli
Davidson Dawson & Clark LLP
New Canaan


3:45 p.m. – 3:55 p.m.

Break

Break


3:55 p.m. – 4:55 p.m.

Closing Plenary

Drafting Trusts under the New Connecticut Uniform Trust Code*

 Mary Ackerly  

Mary M. Ackerly

Ackerly Brown LLP
Bantam
 John Ivimey  

John R. Ivimey
Reid and Riege PC
Hartford
 Kelley Peck_sm  


Kelley G. Peck

Cummings & Lockwood LLC
West Hartford
 Deb Tedford  

Deborah J. Tedford
Tedford Law Firm PC
Mystic
 Suzanne Walsh_sm  

Suzanne Brown Walsh

Murtha Cullina LLP
Hartford

4:55 p.m. - 5:00 p.m.

Closing Remarks

Closing Remarks and Raffle Drawing