CLE on Tax & Estate Planning in South Bend, Indiana
The University of Notre Dame is hosting a CLE entitled, 42nd Annual Notre Dame Tax and Estate Planning Institute, which will take place on October 27–28, 2016 at South Bend’s Century Center on the banks of the St. Joseph River in downtown South Bend, Indiana at 120 South St. Joseph Street. Provided below is a description of the event:
The Institute will continue to present topics relevant for families exposed to the estate tax and for families with a net worth below the combined estate tax exemptions. The advantage of having simultaneous tracks is that one track will focus on creative planning for estate tax reduction, or even elimination, while the other track will cover topics relevant for all families, even families not exposed to the estate tax. Therefore, individuals attending the Institute can choose topics relevant to their clients.
As in the past, we clustered related topics together so that continuity can be enhanced. Of particular interest is the Thursday afternoon cluster on the use of trusts, culminating in a panel discussion on the three prior trust topics. A similar cluster deals with charitable planning.
The Institute presents topics that provide background attendees can use to expand their potential client base, such as how one can introduce both income tax planning and estate planning in the context of a divorce. This year the Institute added a session on the evolving area of Bitcoin, where the speaker will first explain the financial principles underlying virtual currencies and blockchains and then go on to how one can protect these unique assets. As in the past, the Institute will provide topics focused on income tax planning, such as obtaining income tax-free step up in basis at death and assignment of income to taxpayers in lower marginal income tax brackets, including elimination or deferral of state income taxes.
The Institute will also address a topic that is often overlooked: What the planning professional needs to do when there is a mistake in the documents or a mistake in one’s advice. The speaker will provide practical advice on how to deal with the aftermath of a mistake, including how to handle your firm’s partners, your firm’s malpractice carrier, how to manage the client, how to handle a possible IRS audit and what can be done to mitigate possible damage claims.