{ Banner Image }

Planning Techniques for the Taxable Estate

November 29, 2011
Plymouth, MI
The Inn at St. John's

Sponsor: ICLE Seminar

Planning Techniques for the Taxable Estate

Our experts walk you through how to protect years of accumulated wealth and deal with the ever-changing estate tax landscape. Learn tax planning techniques, including gifts and trusts, and walk away with sample language to use in your practice.

Attend and Learn to:

  • Address portability issues under the Tax Relief Act of 2010
  • Spot the generation-skipping tax (GST) implications in your planning
  • Counsel your clients on a gifting program that will achieve tax advantages
  • Use marital and non-marital trusts effectively
  • Apply the various funding formulas
  • Understand the advantages and limitations of QTIP trust provisions
  • Know when the grantor or a beneficiary can be a trustee
  • Ensure trust funding continues during the life of the grantor
  • Advise clients on when to disclaim assets


Moderator: Marie R. Deveney, Dykema, Ann Arbor 


 Overview of Estate and Generation-Skipping Taxes

  • the estate tax, unified credit, and applicable exclusion amount
  • the marital deduction
  • the generation-skipping transfer tax

Speaker:Jennifer L. Remondino, Warner Norcross & Judd LLP, Holland


 Overview of Gift Tax Planning

  • the effect of the current gift and estate tax law on gift planning and implementation
  • annual exclusion gifts and 529 plans
  • payment of medical expenses and educational tuition
  • new gift opportunities with increased exemption
  • gift tax planning for possible reductions or elimination of credits and exemptions in 2012 and beyond

Speaker: John D. Mabley, Smith & Mabley PLC, Farmington Hills


Drafting Marital and Non-Marital Trusts and Portability Issues Under the Tax Relief Act of 2010

  • fractional share and pecuniary funding formulas - pros, cons, and sample provisions
  • required provisions for marital trusts
  • provisions of non-marital trusts
  • portability issues and update
  • how portability should work and how much to rely on it
  • drafting for changes in estate tax laws

Speaker: Michael D. Holmes, DeMent and Marquardt PLC, Kalamazoo


QTIP Drafting

  • required provisions for marital trusts
  • advantages and limitations
  • planning with the QTIP regulations
  • partial QTIP elections
  • reverse QTIPs
  • inter vivos QTIPS with sample language
  • contingent QTIPs with sample language

Speaker: Henry M. Grix, Dickinson Wright PLLC, Troy


 Questions and Answers


 Lunch on Your Own


 Generation-Skipping Transfer Tax Planning

  • analyzing the GST regulations
  • impact of GST on marital trusts and credit shelter trust
  • planning considerations after tax reform

Speaker: Norman E. Richards, Foster Swift Collins & Smith PC, Farmington Hills


Tax-Sensitive Trustee Powers

  • common pitfalls and tax consequences
  • when can the grantor or the beneficiary be a trustee?
  • when are trustee powers attributed to a grantor or beneficiary?

Speaker: Marguerite Munson Lentz, Bodman PLC, Detroit


Irrevocable Life Insurance Trusts

  • purposes, pros, and cons: when to use and how it works
  • pitfalls and tax issues
  • sample ILIT

Speaker: Frank E. Henke, Warner Norcross & Judd LLP, Sterling Heights


Funding Trusts

  • assets to include
  • assets not to include
  • funding mechanisms and documents
  • who is responsible: how to ensure funding continues during the life of the grantor

Speaker: Christopher A. Ballard, Honigman Miller Schwartz and Cohn LLP, Ann Arbor



  • uses of disclaimers
  • requirements for valid disclaimers under federal and Michigan law
  • special issues relating to joint property

Speaker: Marie R. Deveney, Dykema, Ann Arbor


Questions and Answers

To register for the seminar, visit the event page by clicking here