CLE Double Header and a Tribute to Stanley Johanson at The Center for American and International Law Plano, Texas After more than a quarter century, Stanley Johanson ESTATE PLANNING May 16-18, 2006 will chair the May 16-18 Course on Estate Planning for the last time. He will also be BANQUET WITH our “roastee” at dinner on PROF. JOHANSON Thursday Evening, May 18, 2006 May 18 and the featured luncheon speaker on May 19. the 44th Advanced Program on WILLS, TRUSTS AND ESTATE PLANNING May 19, 2006 Includes 3 total hours of Ethics CLE Register TODAY ... www.cailaw.org ESTATE PLANNING PLANNING AND DRAFTING STRATEGIES IN AN UNCERTAIN ENVIRONMENT Prof. Johanson MAY 16-18, 2006 What should we be advising clients (and which clients are most affected) in view of THE CENTER FOR AMERICAN AND (i) the programmed increase in the applicable INTERNATIONAL LAW offers this intensive exclusion amount on existing wills, (ii) the WHO SHOULD three-day course for the probate and estate 2001 Tax Act, which says estate and genera- tion-skipping transfer tax (but not the gift tax) ATTEND planning practitioner on legal and practical problems encountered in planning estates, will be repealed in 2010 but will reappear in 2011, (iii) the virtual certainty that Congress The May 16-18 program drafting wills and trusts, and administering will revisit this subject at least once between is for new lawyers (and estates in both community property and now and 2010, and (iv) the possibility that other professionals) the client may lose his or her capacity to who want to include common-law states, including a consideration of make adjustments after Congress re-changes Estate Planning in their relevant income, estate, and gift tax principles. the rules. practices and for more experienced lawyers Registration and Classes: Registration will who want a comprehen- be conducted at the Center for American and MARITAL DEDUCTION AND BYPASS sive overview. International Law, 5201 Democracy Drive, Plano, TRUST PLANNING Texas, beginning at 8:30 a.m. on Tuesday, May 16. Prof. Johanson The May 19 program is Basic strategies and current problem areas Advance registrations, however, should be sent to for more senior practi- The Center for American and International Law, in estate planning for spouses; recent develop- tioners (and for those who have attended the 5201 Democracy Drive, Plano, Texas 75024. ments relating to marital deduction qualifica- May 16-18 program). Classes will meet daily from 9 a.m. to 12 p.m. and tion and funding issues; drafting the formula from 1:30 p.m. to 4:30 p.m. unless otherwise noted. clause; QTIP trusts and the QTIP election; The May 18 banquet is A light continental breakfast will be served each day drafting problems and their solution; elective for everyone who knows prior to class. There will be a 15-minute break each share concerns. and cares about morning and each afternoon. At the conclusion of Professor Johanson (or Analysis of types of marital deduction formula class on Tuesday, there will be a reception at the clauses; advantages and disadvantages of who just wants to have Center. At the conclusion of class on Tuesday and formula pecuniary gifts (true worth, minimum a good time.) Wednesday, participants are invited to remain in class worth, fairly representative), reverse pecuniary for an informal question and answer session with formula gift to credit shelter trust, prorata and Professor Johanson. “pick and choose” fractional share gifts; IRD NONDISCRIMINATION Course Materials: Extensive lecture outlines will and the marital deduction. POLICY The Center be distributed to participants at registration. Permissible and recommended terms of for American and the credit shelter trust; invasion powers; International Law does securing flexibility through special powers not discriminate on the basis of race, sex, sexual TUESDAY of appointment. orientation, color, religion, national origin or ances- MAY 16, 2006 ASK THE EXPERTS — An informal question try, age or handicap and answer discussion. educational programs and activities. ESTATE PLANNING — BASIC PRINCIPLES WELCOMING RECEPTION — At the conclusion of AND STRATEGIES class on Tuesday. Prof. Johanson Repeal of estate tax? Developments on the legislation front; overview of estate and gift tax principles and basic planning techniques; val- uation issues; gross estate inclusion rules; estate taxation of life insurance and other non-probate transfers; reciprocal trust doctrine; charitable gifts in estate planning, including charitable remainder trusts; problem areas relating to lifetime gifts; basic estate planning for spouses; community property considerations; income in respect to a decedent (IRD). “The pace was excellent and the topics covered were very informative and timely.” — Former Estate Planning Program planning objectives; determining whether a business should be sold or kept in the family; advantages of making a charitable organization a planning partner, including the role of charitable remainder trusts and life insurance trusts in the planning process; tax and non-tax advantages of family limited partnerships; WEDNESDAY checklist of planning alternatives; in-depth analysis of several case studies. MAY 17, 2006 ETHICAL PROBLEMS IN ESTATE PLANNING FOR THE FAMILY BUSINESS (11-12 PM AND 1-2 PM) ESTATE PLANNING FOR THE FAMILY BUSINESS, Prof. Johanson and Mr. Bourland INCLUDING USE OF FAMILY LIMITED PARTNERSHIPS Ethical issues and conflict of interest concerns in Michael V. Bourland, Bourland Wall & Wenzel, estate planning for family businesses; conflict and Fort Worth, TX confidentiality problems in planning for spouses, Estate and succession planning for a family business siblings, and other family members; client conflict and its owners; ascertaining family attitudes toward letters and other documentation; malpractice wealth and the family business; development of concerns; quality control procedure; privity issues. Join us as we COU ROAST Professor Johanson Thursday Evening, May 18 6:00 pm - Reception – 6:45 pm - Dinner at The Center for American and International Law Fannie Coplin Regents Chair, University Distinguished Teaching Professor, University of Texas School of Law Professor Johanson joined the University of Texas faculty in 1963, and was in the inaugural group of professors elected in 1995 to the University of Texas Academy of Distinguished Teachers. Professor Johanson is the co-author of Wills, Trusts and Estates (Aspen, 6th ed., 2000), which is used in over 120 American law schools, and is the author of Johanson's Texas Probate Code Annotated (West, 2003) and "Wills", in the Gilbert Law Series (Bar/Bri Group, 2003). In 1997, Professor Johanson received the Treat Award for Excellence, the highest honor bestowed by the National College of Probate Judges. He has been a Visiting Professor at the University of Chicago, the University of Illinois, the University of North Carolina, the University of Washington, and UCLA. Professor Johanson is a member of the American Law Institute, an Academic Fellow of the American College of Trusts & Estates Council, and an Academic Fellow of the American College of Tax Council. The former editor-in-chief of the Washington Law Review and a Teaching Fellow at the Harvard Law School in 1961-63, Professor Johanson is Of Counsel to Vinson & Elkins, a Houston law firm. WILLS, TRUSTS, AND COURSE AGENDA PLANNING FOR THE ELDERLY CLIENT Prof. Johanson Emerging issues in the estate practice; planning for incapacity; use of informal property management ESTATE PLANNING arrangements; problems raised by joint bank MAY 19, 2006 accounts; joint tenancies, and other non-probate transfers; durable powers of attorney; revocable 9:00 ESTATE PLANNING HOT TOPICS – management trusts, including “standby” RECENT DEVELOPMENTS self-declarations of trust; medical powers of Steve Akers, Bessemer Trust Company, attorney and living wills. NA, Dallas, TX ASK THE EXPERTS — Questions and Answers. 9:30 PLANNING FOR INCAPACITY AND OTHER LITIGATION ISSUES Sarah Patel Pacheco & Sharon Gardner, THURSDAY Crain Caton & James, Houston, TX MAY 18, 2006 10:30 BREAK 10:45 FOUNDATIONS – DO’s AND DON'TS GENERATION-SKIPPING TRANSFER TAX AND REMOVING Shannon G. Guthrie, Hughes & Luce, APPRECIATION FROM THE ESTATE WITH GRATS AND Dallas, TX “INTENTIONALLY DEFECTIVE GRANTOR TRUSTS” 11:15 A TRUSTS AND ESTATES LAWYER’S Steve Akers, Bessemer Trust Company, NA, Dallas, TX VIEW OF TEXAS PROPERTY LAW. What you need to know about the GST The program presentation will focus on (generation-skipping transfer tax) and how to recent legislative changes and other make GST exemption allocations and deal with the current developments, as well as other new automatic allocation rules; planning to take community property issues that affect the advantage of the new GST severance rules; practical planning and administration of a married planning ideas in using GRATs and “Intentionally couple’s estate. Defective Grantor Trusts” (these are rather complex Prof. Thomas M. Featherston, Jr. , Mills Cox but afford unmatched opportunities for shifting Professor of Law, Baylor University Law future growth in the estate without making current School, Waco, TX taxable gifts.) 11:45 GST PLANNING – WHEN YOUR DADDY BECOMES YOUR SON (OR GRANDSON) Philip M. Lindquist, Hughes & Luce, USER-FRIENDLY WILL DRAFTING Dallas, TX Prof. Johanson 12:15 LUNCHEON FEATURING: Clause-by-clause analysis of a well-drafted AN ESTATE PLANNING UPDATE (1hour) tax-planned will, with emphasis on drafting style Prof. Stanley Johanson as well as substance. Distinguished Teaching Professor and Fannie Coplin Regents Chair in Law, The QUALIFIED PLAN BENEFITS AND IRAs IN University of Texas at Austin, Austin, TX ESTATE PLANNING Prof. Johanson 2:15 COMMON LAW TO COMMUNITY PROPERTY – What the estate planner needs to know about Estate Planning for the Migrating Client. qualified plans and individual retirement accounts; Santo “Sandy” Bisignano, Jr., Bisignano minimum distribution rules and “designated & Harrison, LLP, Dallas, TX beneficiary” considerations as they affect 2:55 TAX-FREE DIVISION: FAMILY BUSINESS distributions after participant’s death; spousal SUCCESS PLANNING FOR THE rollover issues; coordination of qualified plan DYSFUNCTIONAL FAMILY benefits and IRAs with QTIP marital deduction Michael V. Bourland, Bourland Wall & trusts; community property issues; charitable Wenzel, PC, Fort Worth, TX planning uses for the qualified plan or IRA benefit; Roth IRAs. 3:25 BREAK 3:40 LAW & ETHICS Coyt Randal Johnston, Johnston Tobey, PC, Dallas, TX 4:40 ADJOURN FOUR WAYS REGISTRATION TO REGISTER Online www.cailaw.org ESTATE PLANNING - MAY 16-18, 2006 credit card only BANQUET WITH PROF. JOHANSON - MAY 18, 2006 Phone 44TH ADVANCED PROGRAM ON 972.244.3400 or 800.409.1090 WILLS, TRUSTS, AND ESTATE PLANNING - MAY 19, 2006 8:30am-5:00pm CST credit card only Received Received CAIL Members/ Registration Fee by May 8 after May 8 Government Lawyers Fax May 16-18 – Estate Planning Program K $945 K $995 K $845 972.244.3401 May 18 – Banquet Honoring Stanley Johanson K $70 K $75 K $60 credit card only May 19 – Wills, Trusts and Estate Planning Program K $295 K $325 K $275 Mail All Events K $1,150 K $1,200 K $1,050 The Center for American and International Law Name ___________________________________________________________________________ 5201 Democracy Drive Plano, TX USA 75024 Firm ___________________________________________________________________________ check or credit card Address _________________________________________________________________________ PAYMENT MUST ACCOMPANY REGISTRATION City, State, Postal Code ______________________________________________________________ MCLE CREDIT: For continuing Phone ___________________________________ Fax ____________________________________ legal education hours please visit our website or contact us at E-mail ___________________________________________________________________________ 972-244-3400. CANCELLATION POLICY: Tuition Name of Guest for May 18 banquet ($50 per person) __________________________________________ less a $50 cancellation fee will be refunded upon receipt of written cancellation received by PAYMENT INFORMATION May 8, 2006. After this date, no refunds, but substitution of * Credit Card Registrations may be faxed or e-mailed attendees for this program will be permitted. Registrants not K Check enclosed payable to: entitled to a refund will receive The Center for American and International Law the course materials. Email: firstname.lastname@example.org. Credit Card: K Mastercard K VISA K AMEX K Discover HOUSING: The cost of housing is Card number _____________________________________________________________________ not included in the tuition. However, rooms (in limited num- Expiration date ____________________________________________________________________ ber) have been reserved at the Embassy Suites, 7600 John Q Hammons Drive, Name on card _____________________________________________________________________ Frisco, TX 75034. Registrants should contact Embassy Suites at Billing address (if different than above address) 972-712-7200 and advise them that you are registering for the CAIL Program(s). A reduced room ________________________________________________________________________________ rate of $129.00 is available if you advise the hotel that you are ________________________________________________________________________________ attending this program. The last day to obtain this special rate is ________________________________________________________________________________ April 25, 2006. Transportation to and from the Center based upon availability. For your convenience, Signature ________________________________________________________________________ you may wish to consider renting a WEB car. Information about additional Plano hotels is available on our DIRECTIONS TO THE CENTER FOR AMERICAN AND INTERNATIONAL LAW website at www.cailaw.org. For a detailed map and directions, please visit www.cailaw.org or call 972.244.3400. WILLS, TRUSTS AND ESTATE PLANNING Nonprofit Organization U. S. Postage THE CENTER FOR AMERICAN AND INTERNATIONAL LAW PAID 5201 DEMOCRACY DRIVE Permit No. 3778 Dallas, Texas PLANO, TX USA 75024 PLEASE NOTE: The Center for American and International Law utilizes outside mail- ing lists. If you receive a duplicate of this announcement, please pass it along to an interested colleague. After more than a quarter century, Stanley Johanson will chair the May 16-18 Course on Estate Planning for the last time. He will also be our “roastee” at dinner on May 18 and the featured luncheon speaker on May 19. SEE INSIDE FOR PROGRAM HIGHLIGHTS “Best course I have ever attended as far as ESTATE PLANNING giving practical information.” May 16-18, 2006 “..The finest group of lecturers of any estate planning seminar I have ever attended. BANQUET WITH Meeting facility and classroom superb.” PROF. JOHANSON Thursday Evening, May 18, 2006 — Former Estate Planning Program Attendees the 44th Advanced Program on “The topics were cutting edge and very practical.” WILLS, TRUSTS AND “Both presentation and materials were ESTATE PLANNING outstanding.” May 19, 2006 — Former Wills, Trusts and Plano, Texas Estate Planning Program Attendees Includes 3 total hours of Ethics CLE Register TODAY ... www.cailaw.org
"Wills Trusts Estate Planning"