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Trust Taxation: The Ultimate Guide

Event Location:

Online
8050 West 78th Street
Edina MN 55439

Event Date:
January 30, 2018
Event Time Info:
09:00:00 - 16:00:00
Event Registration:
Event Details and Registration

H&J attorney, Scott Nelson will be presenting for NBI Video Webcast: Trust Taxation: The Ultimate Guide

Get the Knowledge You Need to Handle Trust Taxation Effectively

Can you confidently predict the tax consequences of specific trust structures and do you know how to most effectively minimize the tax burden for your clients? This practical legal guide will give you the knowledge you need to cogently advise your clients on their planning options. Register today!

  • Determine how trust assets are valued for purposes of determining tax liability.
  • Compare different ways of calculating taxable income.
  • Gain solutions to common capital gains tax issues.
  • Learn to use discretionary distributions effectively.
  • Clarify recent IRS changes to material participation of trusts.

Course Content

  1. Tax, Legislative, Enforcement, and Regulatory Trends
  2. Tax Impact of Common Trust Structures
  3. State Tax Considerations and Decanting Rules
  4. Trust Asset Valuation and its Tax Consequences
  5. Structuring Trust Income Taxation
  6. Taxable Income Calculations: Comparative Case Studies
  7. Capital Gains Tax in Trusts
  8. Discretionary Distributions in Lieu of Tax
  9. Post-Mortem Tax Planning and What Happens when a Trust Becomes Irrevocable
  10. Accumulation Distribution for Some Complex Trusts
  11. The 2% Floor on Miscellaneous Itemized Deductions
  12. Material Participation by Trusts – Recent IRS Changes

Presenters

SCOTT M. NELSON is an attorney and CPA with Hellmuth & Johnson, PLLC. With more than 28 years of experience, he provides legal counsel to individuals and closely held businesses in the areas of tax, business and estate planning. Licensed in Minnesota,Wisconsin and North Dakota, Mr. Nelson’s areas of concentration include business succession planning, coordinated estate planning for complex estates, and advising all types of families on transfer of assets, as well as legacy and philanthropic planning during lifetime or upon death. His practice includes advising trust and estate fiduciaries, beneficiaries and charitable organizations. Mr. Nelson obtained his CPA license while working at the Arthur Andersen & Co. accounting firm in its Minneapolis office. He earned his B.S. degree from St. John’s University, and his J.D. degree, magna cum laude, and Order of the Coif, from the University of Minnesota Law School. Mr. Nelson is also a fellow of the American College of Trust and Estate Counsel (ACTEC) and a member of the ACTEC Fiduciary Income Tax Committee.

MARK BREGMAN is an attorney with Dyer & Ferris, PLLC. Mr. Bregman’s practice is limited to trusts and estates and related special situations involving real estate, insurance, community property, and business interests. His focus is on estate planning and his partners provide administration and litigation support services. Mr. Bregman frequently lectures to various professional and public groups on topics pertaining to his areas of practice. He has been an expert witness and asked to opine about value billing in an estate administration; the ability of a surviving settlor to amend a decedent’s trust and the ability of agent under a power of attorney to amend a trust when the original settlor is incapacitated; the ability of a life tenant to mortgage the remainder interest in real property; reasonable fixed fee billing for trust administrations, and the ethical duties an estate planning owes to and identifying the lawyer’s client in a concurrent representation. Mr. Bregman is a former superior court pro tempore (civil and family courts) who earned his B.A. degree from Virginia Tech, and his J.D. degree from Arizona State University. He is a former member of the Scottsdale Bar Association (past president, past director), and a current member of the State Bar of Arizona (former member of the Fee Arbitration Committee and former panelist of the state bar’s Ethics Hearing Committee), and Maricopa County Bar Association. Mr. Bregman is one of Arizona Finest Lawyers, an organization that recognizes no more than the top 10% of the lawyers practicing in Arizona as selected by his peers. Mr. Bregman has appeared in the Best Arizona Lawyers edition of Phoenix Magazine and the Top Lawyers publication of the Arizona Republic. He has been designated as a Super Lawyer (2015-2017).

GORDON S. JACK is a tax partner with the Tidwell Group. He has more than 28 years of public accounting experience, including 15 years as the managing partner of a Salt Lake City, Utah, based firm. Mr. Jack works closely with individuals and business owners to assist them with their tax and estate planning needs. His experience covers tax, accounting, and closely held business consulting with industry experience, including real estate development, low income housing tax credits, professional publications, financial institution service organizations, oil and gas partnerships, foreign corporation transfer pricing and subsidiary accounting, franchises, mortgage brokerage firms, professional service firms, various business and estate tax planning, tax authority representation, and assisting the closely held business attain its potential. He is also responsible for managing and planning tax engagements within the firm. Mr. Jack is called upon to teach classes concerning accounting, income tax, and increasing the value of your closely held business, as well as discussing accounting as a profession with high school and college students. He is a member of the American Institute of Certified Public Accountants, Alabama Society of Certified Public Accountants, and the Utah Association of Certified Public Accountants. Mr. Jack is licensed in the states of Alabama, California and Utah. He earned his B.A. degree from the University of Utah.

This legal guide is designed for attorneys. It will also benefit accountants, trust officers, estate planners, tax professionals, and paralegals.

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