Trust & Estate Fall Update: A Spotlight on Fiduciary Income Tax and Important Modern Issues Out of Stock
Co-sponsored by the Colorado Bar Association Real Estate Law Section
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November 2019
Trust and Estate Fall Update 2019: A Spotlight on Fiduciary Income Tax and Important Modern Issues
Co-sponsored by the Colorado Bar Association Trust and Estate Section
Program Description
The Trust and Estate Fall Update is your guide for understanding fiduciary accounting and taxation, giving you an in-depth look at the complicated tax reporting requirements. You will learn to identify tax savings opportunities and better achieve your clients’ goals. The afternoon sessions will help you understand some modern issues in Trust and Estate practice: communicating with difficult clients and working with difficult personalities, understanding elder abuse in our community, and assessing cannabis assets and the proper procedure for a bequest.
Highlights
- A Deep-Dive into Fiduciary Accounting and Taxation
- Attorney Well-Being: Dealing with Difficult Clients and Secondary Trauma
- Important Modern Issues: Preventing Elder Abuse
- Estate Planning with Cannabis Assets
REGISTER TODAY!
CBA-CLE Upcoming Seminars
- Estate Planning Basic Skills, January 30-31, 2020
- Estate Planning Retreat, June 4-6, 2020, Beaver Creek
Agenda:
8:30 AM
Registration and Continental Breakfast
9:00 AM
Welcome and Introduction
Extended by Spencer J. Crona, Esq., Program Chair
9:10 AM
Practitioner’s Guide to Trust and Estate Accounting and Fiduciary Taxation
Understanding fiduciary accounting and taxation is critical for any trust and estate practitioner to achieve timely elections, accurate allocations, and decreased tax liability. Whether you focus on estate planning or administration, this course will give you the tools to ensure compliance with tax reporting requirements, identify tax saving opportunities, and optimally achieve your clients’ goals.
Topics will include:
- Understanding the Fiduciary Accounting Process
- Analyzing and Allocating Receipts and Disbursements
- Differences Between Fiduciary Accounting and Tax Preparation
- Choice of Income Tax Filing Period for Form 1041
- Common Types of Income
- Unique Deductions and Allocation of Expenses
- I.R.C. § 645 & 663(b) Elections
- I.R.C. § 1014 Basis Adjustment
- Allocating Income and Deductions to Beneficiaries
- Issuing Schedule K-1s
Presented by Klaralee R. Charlton, Esq., and Hillary Hammond, Esq.
10:50 AM
Networking Break
11:00 AM
Practitioner’s Guide to Trust and Estate Accounting and Fiduciary Taxation Continued
Presented by Klaralee R. Charlton, Esq., and Hillary Hammond, Esq.
11:50 AM
Lunch Break on Your Own
1:00 – 1:50 PM
Dealing with Difficult Clients and Secondary Trauma 1 Ethics Credit
An ethics CLE for attorneys who deal with stressful clients and difficult people on a regular basis. Learn effective and practical ways to communicate with difficult clients and personalities, as well as how to manage your response to stressful situations and people to prevent secondary trauma and burnout
Presented by Chip Glaze, J.D., LMFT
1:50 – 2:40 PM
Elder Financial Abuse: Understanding, Preventing and Prosecuting
We have all seen cases in which elders fall victim to elder financial abuse. Elder financial abuse can be devastating for elders financially and physically. We will look at what some risk factors are, what we, as estate planning attorneys, can do to recognize and prevent it, and when it is suspected, what can we do to ensure that law enforcement gets the information they need to be able to investigate and prosecute appropriate cases.
Presented by Candace Werth, Esq.
2:40 – 2:50 PM
Networking Break
2:50 – 3:40 PM
Estate Planning for Clients with Cannabis Assets
Ms. Ardanuy will explain the different varietals of cannabis and the Colorado Marijuana Laws including, Amendment 20: Medical Marijuana, and Amendment 64: Recreational (Retail) Marijuana. Learn about the various kinds of business and personal cannabis assets and the procedure for a bequest of these assets in Colorado. Lastly, Ms. Ardanuy will discuss other impacts on the estate plan, including issues related to banking, living wills/appointments of health care surrogate, Medicaid and Medicare and communicating marijuana-related matters with the appropriate people.
Presented by Rachael Z. Ardanuy, Esq.
3:40 PM
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $429.00 USD
- Member Price $329.00 USD
- General Credits 6.00
- Ethics Credits 1.00
- EDI Credits