This breakfast seminar will discuss selected concepts in wills and trusts intended to assist tax professionals in discussing clients' estate plans, with the objective of achieving flexibility.  Some areas of discussion will include planning with portability and the marital deduction, decanting, scope of trustee discretion, requirement of annual accountings, non-beneficiaries' right to information, disclaimers, dispositions per stirpes or by representation, personal liability of co-trustees, the prudent person standard, exculpatory and indemnification clauses, issues involving governing law, trustee incapacity, disclaimers, exculpatory clauses, per stirpes distributions, beneficiaries' right to information and governing law, children born to future spouses, and issues involving taxation of QSSTs and ESBTs.

On Line Registration

About the Speaker:

David L. Silverman, J.D., LL.M., graduated from Columbia Law School and received an LL.M. in Taxation from NYU Law School. He was formerly associated with Prior Cashman, LLP, in Manhattan, and is a former editor of the American Bar Association Taxation Newsletter.  Mr. Silverman's practice encompasses all areas of federal and New York State taxation, including tax and estate planning, federal tax litigation in the Eastern and Southern Districts, New York State tax litigation, tax and civil appeals.  Mr. Silverman also has experience in  probate and estate administration, wills and trust, will contests and contested estates, Article 78 Proceedings, Section 1031 like kind exchanges, private letter rulings, prenuptial agreements, and FBAR matters. David is an approved sponsor with the NYS Board of Public Accountants, and lectures frequently in his areas of practice. His treatise, "Like Kind Exchanges of Real Estate under IRC Sec. 1031" is an authoritative work on the subject. His office publishes Tax News & Comment.