44th Annual Notre Dame Tax & Estate Planning Institute

The 44th Annual Notre Dame Tax & Estate Planning Institute will be held October 11 and 12, 2018 in South Bend, Indiana.  In keeping with prior years, the Institute continues to present practical topics, relevant for all clients.  With simultaneous sessions, one track can focus on estate tax reduction while the other track covers topics relevant for all families, even those not exposed to the estate tax.  Several topics focus on income tax planning, especially for individuals who desire to sell appreciated assets while living and cannot wait for the income tax-free step-up in basis at death.  Because of the possibility the increased gift and estate tax exemptions will expire in 2025, our speakers will evaluate drafting trusts that provide for maximum flexibility.  With dual sessions, individuals attending the Institute can choose topics relevant to their clients.

Of importance is the Tax Court’s expanding application of Section 2036(a)(2) in the Strangi, Powell and Cahill court decisions as the new weapon to attack family limited partnerships.  The speakers will address this trend and discuss strategies to protect planning structures from the application of this new and evolving approach. 

With the recent income tax reductions, topics will address choice of entity, qualifying for the Section 199A deduction and evaluate how a family’s financial business plan impacts these choices.  A session will discuss how a deduction for contributions to cash balance plans can be used to qualify for Section 199A where up to 70% to 85% of the addition qualified plan deductions can be allocated to the business owners.

The business succession planning session will illustrate, using simple to follow numerical examples, how to pass the family business on to all the children when some of the children will not be active in the family business and how to sell interests in the family business to key employees without realizing any gain. 

Given the changes in societal norms over recent decades, modern families now come in a variety of configurations and face contemporary issues prior generations did not face.  The sessions on estate planning for the modern family will describe the new issues estate planning professionals need to consider and how to design estate plans to suit the evolving needs of their clients.  

The life insurance panel will discuss fundamentals advisors need to know to help clients select, implement, and maintain life insurance. The panelists will discuss how to evaluate life insurance products, covering the types of polices, the key components, how they function, ways to compare similar life insurance products and the impact of premium financing.

Follow this link for registration information.