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  • A Bi-Monthly Electronic Publication for Section Members
  • October 2012

Section News


2012 Joint Fall Meeting Recap

The 2012 Joint Fall Meeting of the ABA Taxation Section and the Trust & Estate Division of the Real Property Trust & Estate Law Section in Boston on September 13-15 offered members excellent programs and opportunities to share ideas with members of the Taxation Section.

One of the best things about the Joint Fall Meeting is the opportunity to learn about topics that affect trust and estate planning clients that might be overlooked. Two sessions explored the potential impact of the 3.8% Medicare surtax that takes effect on January 1, 2013. One session focused on minimizing the tax for S corporation shareholders. A program on Advanced Taxation of Estates & Trusts included a presentation on what it means for trusts and estates, and David Nick of the IRS was one of the speakers on the panel. Because the IRS regulations on the surtax had not been released, he could not comment on the information presented by his co-speaker. Watching him for a reaction made an informative program even more interesting.

The Opening Night Reception allowed guests to catch up with friends, meet new people, and plan which sessions to attend. As a history buff, touring the John F. Kennedy Presidential Library and Museum during Friday’s Joint Section Reception was a highlight of the Meeting, along with the spectacular view of Boston Harbor. In networking with other attendees, we heard the highlights from that day’s sessions and what to expect on Saturday.

Hearing from the IRS Commissioner always offers insights into what we as practitioners and everyone as taxpayers can expect. At Saturday’s Joint Section Luncheon and Plenary Session, Commissioner Douglas Shulman reviewed some of the changes that occurred during his term and offered new information on what the IRS is doing to improve return filing for taxpayers.    

Those who stayed for the final session of the meeting were rewarded with two excellent programs. One, on Asset Protection, offered great advice on our responsibilities as attorneys in doing asset protection planning, as well as practical advice in doing the planning. The second, on Contesting, Correcting, and Changing Your Estate Documents, discussed litigation issues concerning the estate planning documents commonly used for business owners and how to address them.

Attending the meeting provided a significant return on investment. It produced professional development, a wider network, and a great time in an enjoyable city.

Bruce Tannahill