Sep

    Oct

    Section 2704 Regulations Planning - Defined Value Formula Clauses, Formula Clauses, and More

    1 PM EDT

    This is a package of two webinars.

    Using Defined Value and Formula Clauses - Section 2704 Regs Highlight Their Usefulness: September 27, 2016

    Estate planners have used defined value and formula clauses for many years. Recent cases such as McCord and Wandry have provided guidance on how to use them and withstand IRS scrutiny. Planning before the proposed section 2704 regulations become  effective is increasing workload for estate planners and appraisers. The flexibility of defined value and formula clauses can be an important tool in doing this planning.
     
    Our panelists will discuss:
    •          The history of defined value and formula clauses
    •          Their current status
    •          When to use them
    •          Drafting considerations

     

    Section 2704 Regulations Planning – Defined Value Formula Clauses, Formula Clauses, and More: October 6, 2016

    The section 2704 regulations were released by the Treasury Department on August 3. The approach and breadth of the regulations surprised many estate planners. Our panelists will review the proposed regulations and the implications for past, current, and future planning.
     
    Topics they will cover include:
    •          New rules treating lapses of voting or liquidation rights as transfers
    •          What are disregarded restrictions 
    •          Deemed put right
    •          Whether the regulations exceed Treasury’s authority
    •          Impact on transfers within 3 years of death
    •          Planning that should be done before the regulations become effective
    •          What planning may involve after the regulations become final
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    CONTINUED LEGAL EDUATION (CLE)

    The ABA will seek 1.5 hours of CLE credit in 60-minute states  and  1.8  hours  of  CLE  credit  in  50- minute states in states accrediting ABA live webinars and teleconferences for each session.* Credit  hours  granted  are  subject  to each state’s approval and credit  rounding rules. NY- licensed attorneys:  This non-transitional CLE program has been approved for newly admitted and experienced NY-licensed attorneys in accordance with the requirements of the New York State CLE Board for 1.5 New York CLE credits.

     

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    Event Details

    Format

    Web

    Date

    Sep 27 - Oct 26, 2016

    2016-09-27T13:00:00-04:00 2016-10-26T14:30:00-04:00 Section 2704 Regulations Planning - Defined Value Formula Clauses, Formula Clauses, and More

    This is a package of two webinars.

    Using Defined Value and Formula Clauses - Section 2704 Regs Highlight Their Usefulness: September 27, 2016

    Estate planners have used defined value and formula clauses for many years. Recent cases such as McCord and Wandry have provided guidance on how to use them and withstand IRS scrutiny. Planning before the proposed section 2704 regulations become  effective is increasing workload for estate planners and appraisers. The flexibility of defined value and formula clauses can be an important tool in doing this planning.
     
    Our panelists will discuss:
    •          The history of defined value and formula clauses
    •          Their current status
    •          When to use them
    •          Drafting considerations

     

    Section 2704 Regulations Planning – Defined Value Formula Clauses, Formula Clauses, and More: October 6, 2016

    The section 2704 regulations were released by the Treasury Department on August 3. The approach and breadth of the regulations surprised many estate planners. Our panelists will review the proposed regulations and the implications for past, current, and future planning.
     
    Topics they will cover include:
    •          New rules treating lapses of voting or liquidation rights as transfers
    •          What are disregarded restrictions 
    •          Deemed put right
    •          Whether the regulations exceed Treasury’s authority
    •          Impact on transfers within 3 years of death
    •          Planning that should be done before the regulations become effective
    •          What planning may involve after the regulations become final

    Sponsors

    Section of Real Property, Trust and Estate Law

    Panelists

    Carlyn S McCaffrey

    Diana S C Zeydel

    John W Porter

    Jonathan G Blattmachr

    Keri Brown

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