Decanting, Digital Assets Act and Determination of Heirship Act - Trust & Estate Fall Update Out of Stock
Co-sponsored by the Colorado Bar Association Trust & Estate Section
Quantity
December 2016
Trust & Estate Fall Update - Decanting, Digital Assets Act and Determination of Heirship Act
Co-sponsored by the Colorado Bar Association Trust & Estate Section
Program Highlights:
- Decanting: What It is, What It Does and Decanting in the Real World
- The New Determination of Heirship Statute… When Will We Need It?
- Colorado’s New Fiduciary Access to Digital Assets Act
- IRS Form 8971 and the New Basis Consistency Rules
- Firearms Transfers in Estate Planning and Administration
Program Description:
The name of the game for the Fall Update is NEW, NEW NEW! Attend to find out everything you need to know about the new decanting rules, the new determination of heirship statute, Colorado’s new Fiduciary Access to Digital Assets Act, and IRS Form 8971 and the new basis consistency rules. There will also be a discussion about the recent ATF regulation changes in the transference of firearms … so register today!
Agenda:
8:30
Registration and Continental Breakfast
9:00am
Welcome and Introduction
Kelly Dickson Cooper, Esq., Program Chair
9:10am
Decanting Part I: What It is and What It Does
Presented by Jessica Broderick, Esq., and Letitia Maxfield, Esq.
10:00am
Networking Break
10:10am
Decanting Part II: Decanting in the Real World—Exploring Hypotheticals
Presented by Jessica Broderick, Esq., and Letitia Maxfield, Esq.
11:00am
The New Determination Heirship Statute … When Will We Need It?
- History/Background on Statute
- Summary of Recent Changes to Statute and Why They Were Needed
- Determination Proceedings versus Separate Probate Proceedings
Presented by Leia G. Ursery, Esq.
11:50am
Lunch Break on Your Own
1:00pm
Colorado’s New Fiduciary Access to Digital Assets Act
The Act allows fiduciaries to manage digital property like computer files, web domains, and virtual currency, but restricts a fiduciary’s access to electronic communications such as email, text messages, and social media accounts unless the original user consented in a will, trust, power of attorney, or other record.
Presented by Catherine Anne Seal, JD, LLM, CELA, Kirtland & Seal, LLC, Colorado Springs, CO
1:50pm
IRS Form 8971 and the New Basis Consistency Rules
This session will discuss the new basis reporting requirements under I.R.C. Sections 1014(f) and 6035, the new proposed temporary regulations, and the Form 8971 and instructions. We will review who must file, exemptions from filing, when the filing is due, penalties related to failure to report, and requirements on certain transferees to report subsequent transfers of reported property.
Presented by Merry Balson, Esq.
2:40pm
Networking Break
2:50pm
Firearms Transfers in Estate Planning and Administration
History of the Rise in Gun Trusts; Recent ATF Regulation Changes; Colorado Transfer Issues
Presented by Douglas Turner, Esq.
3:40pm
Q&A Panel
Members of the Faculty
4:00pm
Adjourn
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $339.00 USD
- Member Price $309.00 USD
- General Credits 6.00
- Ethics Credits
- EDI Credits