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.


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 Huge Connecticut Law Changes

9:05 a.m. – 10:05 a.m.

Opening Plenary

Current Developments and Planning Ideas We Find Fun and Interesting

Clary and Turney 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. – 10:20 a.m.

Break

Break


10:20 a.m. – 11:20 a.m.

Concurrent Session 1

1-A Basics of the New 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

1-B Tax Issues Affecting Startup Ventures and Early Stage Companies

Representing a tech startup 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 startups, including Section 199A (the 20% 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 Income Tax Issues and the New Trust Code

Speakers TBA


11:20 a.m. – 11:30 a.m.

Break

Break


11:30 a.m. – 12:30 p.m.

Concurrent Session 2

2-A Directed Trusts


gianopulos_christiana
 


Christiana N. Gianopulos
Day Pitney LLP
West Hartford


2-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


2-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
12:30 p.m. – 1:30 p.m.

Lunch
Thank You to Our Luncheon Sponsor

 Liberty-Bank-unofficial  


1:30 p.m. – 2:30 p.m.

Afternoon Plenary

Perspectives on Domestic Asset Protection Trusts

 gideon_rothschild_sm  

Gideon Rothschild
Moses & Singer LLP
New York, NY

2:30 p.m. – 2:45 p.m.

Break

Break


2:45 p.m. – 3:45 p.m.

Concurrent Session 3

3-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


3-B Qualified Small Business Stock

This session will discuss the tax benefits available for qualified small business stock and will focus on the requirements of qualified small business stock, gain exclusion and rollover of qualified small business stock, 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


3-C Diversity and Inclusion in the Legal Profession

 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
3:45 p.m. – 4:00 p.m.

Break

Break


4:00 p.m. – 5:00 p.m.

Closing Plenary

Drafting Trusts with the New Trust Law

 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