Introduction

As a frequent contributor to Leimberg Information Services since its inception, Paul is a highly sought after speaker due to his innate ability to see through complexities and explain difficult and even boring subjects in understandable and entertaining language. He minces no words in doing so. Paul has been a featured speaker at many elite institutions including: NYU, Georgetown University, Duke University, Notre Dame, LSU, Tulane, Loyola in New Orleans, AICPA, and more than 20 estate planning councils.

 

For speaking references, please contact:

Stephan R. Leimberg (steve@leimbergservices.com

Richard A. Oshins (roshins@oshins.com

Abbey Riley (abbey@envision-mgmt.com)

What Attendees Have To Say…

“Nice to have a presentation on the psychology of what we do.  Well presented!”

“Paul is able to break down complex topics into understandable English! An amazing mind!” on the psychology of what we do.  Well presented!”
“His personal experiences helped a lot because I could think of situations that I had been involved in that were the same.”
“Very practical and helpful. The examples were excellent.”
“Excellent and humorous presenter! Love the quote of the day!
“Outstanding lecture. One of the best CLE sessions I’ve attended in 25 years! Thank you, Paul!”
“The best CLE program that I’ve ever seen, and I’ve been going to CLE’s for 40 years.”

Current Speaking and Presentation Topics

Anatomy of an LLC Operating Agreement

Length: 60-90 minutes

Format: Webinar

Overview: Paul will review the anatomy of an LLC operating agreement, utilizing an operating agreement that was drafted for a multi-generational family LLC.

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He will also present selected default rules of Delaware LLCs as well as discuss selected valuation traps and opportunities in LLC operating agreements. Attendees will:

  • Review the anatomy of an LLC operating agreement
  • Learn selected default provisions in the Delaware LLC law, with a view toward making your own list of default rules for the laws in your jurisdiction
  • You will discuss valuation issues lurking in LLC operating agreements
  • With a real LLC operating agreement form 

Whether you draft LLC operating agreements or simply review and work with them, you can’t afford to miss this informative and practical webinar!

Estate Planning for Qualified Retirement Plans and IRA’s

Length: 60 minutes

Format: Webinar

Overview: Qualified retirement plans and IRA’s often are your client’s biggest asset. However, the rules can be counterintuitive and complex. In this presentation, you’ll learn:

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  • The three types of clients in this type of estate planning.
  • The requirements for trusts to be designated beneficiaries.
  • The required minimum distribution rules.
  • The different beneficiary choices, together with the pro’s and con’s of each choice.
  • The differences between surviving spouses and all other beneficiaries.
  • The considerations attendant to marriage contracts.
  • Blended family issues in IRA’s.
  • A short list of factors to consider in estate planning for qualified retirement plans and IRA’s.
  • The beneficiary designation forms of 13 major IRA custodians.

The Human Side of Estate Planning/Psychology of Estate Planning

Length: 1 – 2 hours 

Format: Webinar

Overview: Paul will discuss the psychological factors at play for both clients/donors and estate planners/development professionals alike.

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He will introduce three psychological phenomena (transference, countertransference and triangles) at work in every day estate/charitable planning encounters. He will discuss death anxiety, mortality salience (fear of talking about death) and the 12 distinct fears that clients/donors can have about estate/charitable planning. He will introduce motivational interviewing and appreciative inquiry, which are tools that can assist clients/donors in the planning process.

  • Have you ever wondered why people act the way they do in estate planning? 
  • Did you know that clients can have as many as 12 distinct fears in estate planning? 
  • Do you know the obstacles that stand in the path of a “good estate planning result?”
  • Have you ever wondered what clients/donors go through psychologically in estate/charitable planning? 
  • Did you know that estate/charitable planners aren’t exempt from the psychological ramifications of discussing death and bring their own baggage into the planning process? 
  • Have you been looking for tools and resources that will help you understand clients/donors better and help them conclude their planning? 

This important one to two hour presentation will address all of these burning questions! And, there’s much more! Don’t miss this compelling presentation!

A Method in the Madness: The Fine Art of Designing Estate Planning Tools and Techniques

Length: 60 minutes 

Format: Webinar

Overview: Knowledge of how to design estate planning techniques is as important as knowledge of estate planning tools and techniques.

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There is no “Magic Eight Ball” in how to design estate planning tools and techniques. The best that we can hope for is a hermeneutic, which is a tool or method of interpretation. This 60 minute presentation will lay out a tripartite hermeneutic that can transform how you design estate planning tools and techniques: the assets/cash flow; the characteristics and limitations of an estate planning tool or technique; and the players involved. Along the way, the presenter will review estate planning goals and risks in general and the reasons for poor estate planning design through the lens of two real life cases that ended badly for each family.  

  • Assets and Cash Flow Prong
  • Estate Planning Tool or Technique Used Prong
  • Players Prong

Every year, the casebooks have malpractice cases where the planning was technically good, but the design advice was ill-advised using the benefit of 20/20 hindsight. Attend this important webinar so that you won’t end up there!

Is YOUR Buy-Sell Agreement Up to Snuff? Things to Remember

Length: 60-90 minutes 

Format: Webinar

Overview: Paul will discuss a panoply of important drafting and implementation issues surrounding buy-sell agreements, including:

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  • types of buy-sell agreements.
  • advantages and disadvantages of buy-sell agreements.
  • possible purposes of buy-sell agreements.
  • the importance of coordinating the buy-sell agreement with other contracts and agreements.
  • the identity of the proper parties to buy-sell agreements.
  • triggering event selection.
  • detail the variety of possible responses to the occurrence of a triggering event.
  • valuation issues in buy-sell agreements.
  • buy-sell agreement funding issues.
  • issues pertaining to related properties in buy-sell agreements.
  • disability issues in buy-sell agreements.
  • special S corporation buy-sell agreement issues.
  • miscellaneous drafting pointers.
  • ethical issues surrounding the buy-sell agreement representation.

Common Errors in Business Valuation Reports: What Advisors Need To Look For

Length: 60 minute 

Format: Webinar

Overview: Business valuation remains important for income tax purposes. In this session Paul will consider?

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  • What dictates the contents of a BV report.
  • The anatomy of a good business appraisal report.
  • 30 common errors and omissions that arise in business valuation, including:
    • Failure to Adequately Consider the Willing Seller.
    • Failure to Consider the “Hypothetical” Nature of the Willing Buyer and Willing Seller.
    • Failure to Conduct Adequate Due Diligence.
    • Failure to Provide Sufficient Explanation.
    • Failure to Apply Discussion of Economic Factors to the Subject Company
    • Failure to Make Inquiries With Significant Third Parties.
    • Failure to Set Forth Adjustments to Financial Statements in the Business Appraisal Report.
    • “Cherry Picking” Valuation Multiples.
    • Failure to Use Common Sense.
    • Math Errors in a BV Report.

From the School of Hard Knocks: Thoughts About the Initial Client Interview

Length: 60 minutes 

Format: Webinar

Overview: Initial client interviews are critical to the success of the planner-client relationship, yet aren’t studied that much by estate planners.

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Paul will conduct an in-depth look at the initial planning client interview, principally by directly applying actual quotes from medical textbooks on the initial interview, to provide guidance to estate and financial planners. He also will:

  • Compare what goes through the minds of the estate planner and the client during the initial client interview.
  • Emphasize the importance of watching the non-verbal communication of clients.
  • Discuss selected pointers about types of questions to ask and what types of questions to avoid.
  • Lay out some interviewing suggestions to help make your interviews go more smoothly and be more productive.

In this hour long session, Paul will transform how you think about the initial client interview!

There Is No Other Hand: My Estate Planning Beliefs and Philosophies

Length: 60 minutes 

Format: Webinar

Overview: After a challenging, life changing client experience over 20 years ago to start with your last best advice, Paul recognized…

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the importance of beliefs and began to flesh out his own estate planning beliefs and philosophies, which he will discuss in this webinar. Some of Paul’s estate planning beliefs and philosophies include:

  • the client must be in control of the planning process.
  • the only constant is change–an estate plan must be flexible and anticipate reasonably foreseeable contingencies.
  • an estate plan must work irrespective of death order.
  • an estate plan should provide a system of checks and balances on power and authority.
  • coordination of efforts between all of the client’s professional advisors is critical to the ultimate success of an estate plan.
  • family communication before death is essential to an effective estate plan.

In this hour long session, Paul will challenge the participants to develop and memorialize their own estate planning beliefs and philosophies.

Your Forms Runneth Over: Selected Fine Points of General Drafting of Documents

Length: 60 minutes 

Format: Webinar

Overview: This presentation will describe a number of general drafting errors that are witnessed in all sorts of estate planning and closely held entity documents.

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Together with practice tips to avoid the problems. It’s based on an article that Paul wrote in the August 2018 issue of Estate Planning. In this 60 minute presentation, Paul will discuss a number of selected drafting errors and explore their root causes, including:

  • The overarching importance of respect for drafting as a difficult task.
  • The perils of drafting by formula.
  • Rushed drafting.
  • The disconnect between wordsmithing and real life.
  • The old “your forms runneth over” problem.

And many more!!!! 16 valuable and practical practice tips to avoid drafting errors!!!!

One needn’t be a lawyer to benefit from this practical and thought-provoking session!!!!

Do You Trust? The Anatomy of a Trust

Length: 60 minutes 

Format: Webinar

Overview: In this 60 minute program, Paul will examine the outline and anatomy of a trust. Utilizing actual trust clauses, Paul will cover how a trust is organized by breaking it down into its component parts. Along the way, Paul will address:

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  • The four ways to classify any trust.
  • The nature and identity of a trust.
  • The structure and anatomy of a trust instrument.
  • Things to look out for in trust instruments.

Whether you’re a novice or an old hand, in this exclusive LISI webinar, Paul will get you quickly up to speed on how trusts are organized and reviewed. Don’t miss it!!!

Tour of Estate Planning Tools & Techniques-Analyzing and Comparing Tools & Techniques on Specific Criteria

Length: 60 minutes 

Format: Webinar

Overview: The purpose of this three part series is to provide a unique analysis of most of the major estate planning tools and techniques currently in use

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It covers 38 different estate planning tools and techniques presently in use, from wills to self-cancelling installment note sales to intentionally defective grantor trusts, and all points and acronyms in between! Paul and Ed will analyze each tool and technique with up to the same set of criteria and compare some of them to other tools and techniques to give the practitioner a veritable cheat sheet for quickly considering tools and techniques for clients, including:

  • Advantages and disadvantages.
  • Assets best suited and ill-suited for the tool
  • Need for independent valuation
  • Cost and importance of implementation and ongoing administration
  • Cash flow requirements of assets used 
  • Cash flow requirements of client and client’s spouse and family 
  • Estate tax risks, gift tax risks, income tax risks, and consequences
  • Clients for whom the tool generally works best and doesn’t work best.
  • Whether the tool is “age, interest rate or health sensitive”
  • Best recipients of the transfer 
  • Asset protection, if any, offered

Session 1 will cover:

    • Introduction of tripartite hermeneutic for design of techniques
    • Admonition about irrevocable lifetime planning
    • Importance of the “fit” and hitting the “sweet spot”
    • Difference between “bet to live” and “bet to die” tools
    • Wills and Powers of Appointment
    • Joint Tenancy with Right of Survivorship
    • Pay on Death (POD)/Transfer on Death (TOD) Arrangements
    • Direct Gifts, Revocable Trusts, and Portability.

Session 2 will cover:

    • Supercharged Credit Shelter Trust℠
    • Life Insurance Trusts
    • Qualified Personal Residence Trust (QPRT)
    • Grantor Retained Interest/Income Trust (GRIT)
    • Domestic Asset Protection Trust (DAPT)
    • Installment Sale
    • Private Annuity
    • Self-Cancelling Installment Note (SCIN/DTIN)
    • Intentionally Defective Grantor Trusts (IDGT)
    • Beneficiary Defective Irrevocable Trusts (BDIT)
    • Guarantee or Loan
    • Opportunity Shift
    • Grantor Retained Annuity Trust (GRAT)
    • Installment Sale to IDGT/BDIT
    • Family Partnerships/LLCs

Session 3 will cover:

    • Inter Vivos QTIP Trusts
    • Optimal Basis Irrevocable Trust (OBIT)
    • Split Purchase
    • Preferred Partnership Freeze
    • Spousal Lifetime Access Trust (SLAT)
    • Spousal Lifetime Power of Appointment Trust (SPLAT)
    • Incomplete Gift non-Grantor Trust (DING/NING)
    • Estate Equalization Among Spouses
    • Skipping Generations
    • Limited Power of Appointment Lid
    • Incentive/Disincentive Trusts
    • Joint Estate Step-Up Trust (JEST)
    • Private Annuity Trusts/Unitrusts
    • Gift-Splitting
    • Tandem Techniques
    • Gift-splitting
    • Split Dollar (Loan Regime)

There’s something in this three part series for everyone from the novice estate planner to the most seasoned estate planner. Don’t miss it!!!

Structuring Defined Value Clauses in Trust Transfers: Formula Allocations and Price Adjustment Clauses

Length: 90 minutes 

Format: Webinar

Overview: This program will cover defined value transfers from soup to nuts. Paul will cover all of the important cases and rulings.

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He will begin with the Fourth Circuit’s Procter decision and going up to the present with the Wandry and Nelson decisions. In particular, Paul will cover:

  • What Paul is virtually certain won’t work.
  • What Paul believes will work.
  • What Paul believes might work.
  • Importance of proper reporting of a defined value transfer.
  • Types of defined formula value approaches.
  • Formula allocation clause based on a subsequent agreement of involved parties.
  • Formula allocation clause based on final values as determined for gift tax purposes.
  • Price adjustment clauses.
  • Impact of Belk holding (4th Cir. 2014).
  • Defined value clauses on IRS 2016-17 Priority Guidance Plan.
  • Exercising substitution powers using a defined value clause
  • Traps to avoid

The Best Laid Plans…Planning for the Surviving Spouse

Length: 60 minutes 

Format: Webinar

Overview: This session will cover a panoply of selected issues that arise in estate planning for surviving spouses.

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Paul will cover planning in a positive light vis-a-vis the real, long-term best interests of the surviving spouse, in both financial and control issues, at all times, i.e., while both spouses are alive, both during the surviving spouse’s overlife as well as the surviving spouse’s estate. In particular, he will discuss:

  • After a cautionary word about estate planning paradigms and poor habits, he’ll examine the importance of overlife planning while both spouses are still alive.
  • Then he’ll address the practical realities of why many surviving spouses fail to take advantage of making large gifts after the first spouse’s death and whether gifting is even natural.
  •  After that, he’ll consider the benefits of lifetime gifting.
  • He’ll then dive into the all-important cash flow analysis, and we’ll consider the components of in-flows and out-flows and why value only estate planning often falls short of the mark.
  • Paul will examine the various types of spousal bequests, together with the pros and cons of each.
  • After that, he’ll consider the marital deduction and the various ways to achieve it.
  • Along the way, he’ll address a number of QTIP issues.
  • He’ll take up the impact of valuation discounts and premiums on spousal planning.
  • He’ll discuss issues that can arise as the surviving spouse ages, including the possible need to discontinue grantor trust status because the income tax was becoming onerous.
  • Finally, he’ll discuss issues around the use or lapse of powers of appointment

Selected Recent Developments in Estate Planning

Length: 60-90 minutes 

Format: Webinar

Overview: This program will cover selected cases and rulings on both tax and non-tax matters as only Paul can.

Breakfast and Buy-Sell Agreements

Length: 30-45 minutes 

Format: Webinar

Overview: In this eight part webinar series, Paul covers buy-sell agreements from soup to nuts.

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Each session is approximately 30-45 minutes, so it fills an entire day. The topics for each session are as follows:

  • Session 1:  Introduction and Overview of Series; Definition; Basics-View from 30,000 feet; Purposes; Advantages and Disadvantages; Purposes of Buy-Sell Agreements; Alternatives to Buy-Sell Agreements; Types of Buy-Sell Agreements
  • Session 2:  Considerations in Agreement Form Selection; Due Diligence; Related and Ancillary Documents; Triggering Events and Responses to Triggering Events
  • Session 3: Vexatious Valuation; Schedule A Ostrich Method; Three Appraiser Approach; Valuation Process
  • Session 4: Funding/Related Properties; Disability; S Corporation Issues; and Ownership Issues
  • Session 5: Ethical Issues in Buy-Sell Agreements
  • Session 6: Top 21 Errors that Practitioners Make in Buy-Sell Agreements
  • Session 7: Five Examples of Buy-Sell Agreements in Action
  • Session 8: Putting it all together-comprehensive review of a hybrid buy-sell agreement; Review/Checklists; Conclusion

The supplemental materials include the buy-sell grid, a buy-sell agreement review checklist, a drafting checklist and a whole hybrid buy-sell agreement.

An Autopsy of a Gift Gone Bad-Lessons Learned

Length: 45-60 minutes 

Format: Webinar

Overview: In this session, Paul conducts an “autopsy” of a reported decision involving a charitable remainder trust with life insurance replacement case gone bad.

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He’ll review the lessons that the case teaches for lawyers, insurance and financial planners, charitable organizations and development professionals.

The A-B-(LL)Cs of Choice of Entity Selection: 2019 Edition 

Length: 90 minutes 

Format: Webinar

Overview: In this session, Paul will do a deep dive into the myriad of considerations involved in deciding whether a new entity should take a particular form or whether an existing entity should change forms.

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The Tax Cuts & Jobs Act of 2017 reduced the top corporate rate to 21% and instituted the Section 199A 20% small business deduction, both of which present business owners with an important but difficult choice of entity question: “Is it better to be a C Corporation or a pass-through entity?” In this presentation, Paul will compare the following types of business forms: 

  • Sole Proprietorship
  • S Corporation
  • LLC
  • General Partnership
  • Limited Partnership
  • C Corporation 

On approximately 65 tax and non-tax factors, including:

  • Complexity of formation and operation
  • Importance of professional maintenance
  • Special allocations of items of income, gain, loss, deduction and credit among owners
  • Contribution of Property in Exchange for Ownership Interest
  • Contribution of Services in Exchange for Ownership Interest
  • Eligible Owners

Choice of entity 2019-what’s new to consider? Is there a “Holy Grail” of entity forms? What’s the proper way to approach choice of entity evaluations? Paul will provide answers to these and many other questions during The A-B-(LL)Cs of Choice of Entity-2019 Edition. Don’t miss this presentation!!!

Snap, Crackle, Swap: The Substitution Power in Grantor Trusts

Length: 90 minutes 

Format: Webinar

Overview: Grantor trusts are ubiquitous in estate planning, but significant uncertainty still exists amongst practitioners about the “right” powers to make the trust a grantor trust for income tax purposes.

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In this 90 minute program, Paul Hood will conduct an exhaustive analysis of the power to swap assets with a grantor trust, which two revenue rulings made much more common in use. Along the way, Paul will address:

  • History of the swap power as a grantor trust power
  • Clifford Regulations
  • Analysis of IRC Sec. 675(4) and the corresponding regulations
  • The meaning of “reacquire”
  • Tax consequences of holding the swap power; Jordahl Estate v. Com’r.
  • Tax consequences of exercising the swap power
  • Who should hold the swap power and who shouldn’t
  • How should the swap power be held and exercised, i.e., in a fiduciary or non-fiduciary capacity
  • Outer limitations on the swap power and what can be substituted for the grantor trust assets; promissory notes
  • Meaning of “equivalent value”
  • Should the swap power be held in a fiduciary capacity or a non-fiduciary capacity
  • Rev. Rul. 2008-22 and 2011-28; Rev. Proc. 2007-45: Comfort to use of the swap power?
  • Effectiveness of the swap power
  • Toggling the swap power and the consequences of such; Notice 2007-73
  • Duties of the trustee when a swap power is exercised
  • State court cases involving the swap power
  • Uses of the swap power for basis planning
  • Asset protection implications of the swap power
  • Analysis of the proper language for the swap power, including forms!

Don’t miss this practical and comprehensive program!

Issues in Income Shifting-What’s Past is Prologue 

Length: 90 minutes 

Format: Webinar

Overview: One of the most common battlegrounds in taxation for more than a century has pitted the IRS against taxpayers who attempt to divert taxable income to persons who are in lower income tax brackets.

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By examining the history of the back-and-forth between taxpayers and the IRS over income shifting, we will gain a clearer idea of what is not possible and what is required to be able to shift income successfully. In this 90 minute presentation, Paul will examine the history of income shifting and will demonstrate that some techniques thought lost long ago are now possible again. During the presentation, Paul will cover income shifting issues, including:

  • Grantor trusts.
  • Use of graduated tax brackets.
  • Use of multiple trusts.
  • Family partnerships.
  • Below market loans.
  • Income shifting through investments.
  • Employment.
  • Gifts of opportunity.
  • Loan guarantees.
  • U.S. Savings Bonds.
  • Gifts.

Paul will conclude with a recap and summary of the requirements for effective income shifting! Don’t miss this presentation!

The Minefields of the Professional as a Fiduciary: Do YOU know how to get through them?

Length: — minutes 

Format: Webinar

Overview: Increasingly, more and more estate planners are diversifying their services to their clients and are serving as fiduciaries (executors, trustees, guardians and trust protectors) for their clients.

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Unfortunately, this area is fraught with risk and uncertainty. During this 90 minute webinar, Paul will discuss:

  • The ethics rules that apply to the different subspecialties of estate planning.
  • The pro’s and con’s of serving and continuing to provide estate planning services to the client, an entity or to the trust, estate and guardianship.
  • The efficacy and legal effect of self-drafted or included ways to minimize liability.
  • Best practices in performing these services.

Forms and clauses provided. Don’t miss this important LISI webinar!!!

Issues in Income Shifting-What’s Past is Prologue 

Length: 90 minutes 

Format: Webinar

Overview: One of the most common battlegrounds in taxation for more than a century has pitted the IRS against taxpayers who attempt to divert taxable income to persons who are in lower income tax brackets.

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By examining the history of the back-and-forth between taxpayers and the IRS over income shifting, we will gain a clearer idea of what is not possible and what is required to be able to shift income successfully. In this 90 minute presentation, Paul will examine the history of income shifting and will demonstrate that some techniques thought lost long ago are now possible again. During the presentation, Paul will cover income shifting issues, including:

  • Grantor trusts.
  • Use of graduated tax brackets.
  • Use of multiple trusts.
  • Family partnerships.
  • Below market loans.
  • Income shifting through investments.
  • Employment.
  • Gifts of opportunity.
  • Loan guarantees.
  • U.S. Savings Bonds.
  • Gifts.

Paul will conclude with a recap and summary of the requirements for effective income shifting! Don’t miss this presentation!

Non-Traditional Trust Design Strategies To Improve And Protect Inheritors

Length: — minutes 

Format: Webinar

Overview: Given the trend that trusts are becoming more and more dynastic, problems have started to creep in as some of these older trusts begin to show their age.

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In this session, Paul will review the main desires of our clients and how trusts can be safely drafted to give them almost all of what they desire. He will explore language to be included in trusts that will super charge them with flexibility. Forms provided.

Charitable Planning in 2020 and Beyond-Including the Charitable LLC!

Length: 90 minutes 

Format: Webinar

Overview: Despite an historically high applicable exclusion amount (at least for now), many clients who don’t have taxable estates

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Or those whose estates are marginally taxable nevertheless have significant charitable intent. In this 90 minute program, Paul will compare and contrast the choices available to the estate planner in 2020, including:

  • donor advised funds.
  • supporting organizations.
  • private foundations.
  • non-qualified charitable arrangements.
  • the charitable LLC structure, similar to that used in the Chan Zuckerberg Initiative.

Forms and clauses provided. Don’t miss this program!!!

Pre-Nups: An Alternative View Purposeful Pre-Nups: A Paradigm Shift

Length: — minutes 

Format: Webinar

Overview: How would you like to learn a new way to view prenups that would actually strengthen the couple’s relationship?

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In this cutting edge session, Emily and Paul take a holistic view of the prenup process as a mean of strengthening the nascent couple’s relationship. They fear that many lawyers who work in the area of pre-nups themselves actually unintentionally sow the seeds of dissention in the future marriage. Emily and Paul instead suggest that estate planners should view a pre-nup discussion as a valuable opportunity to enhance the communication abilities of the partners-to-be. They’ll introduce the participants to effective ways to introduce the concept of purposeful prenups and show how to conduct such a conversation between the betrothed, as well as some tips for handling aggressive zero sum game lawyers mired in the old confrontational paradigm.

The Magic Carpet of Estate Planning: Cutting Edge Planning and Drafting with Powers of Appointment

Length: 90 minutes 

Format: Webinar

Overview: Powers of appointment are both neat planning vehicles and powers to disappoint. In this 90 minute presentation, Paul methodically reviews powers of appointment from soup to nuts.

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Including several rules that are traps for the unwary. He will discuss a panoply of planning options that powers of appointment open up. From the novice to the experienced estate planner, there’s something in this program for everyone. Paul will cover:

  • The big five questions that must be answered when drafting the power of appointment.
  • The many characteristics of a power of appointment.
  • Planning with upstream powers of appointment.
  • The differences between a general power of appointment and the limited, special or nongeneral power of appointment.
  • Basis planning with powers of appointment.
  • Ways to limit exercise of a general power of appointment.
  • The income tax traps and opportunities of powers of appointment.

And much more. Don’t miss this webinar!!!

Panacea or Potential Problem: An Exploration of T-CLATs

Length: — minutes 

Format: Webinar

Overview: For clients who just don’t want to do any estate tax planning, make gifts or buy insurance, there’s a seemingly simple, yet elegant estate tax strategy.

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It is something called a “T-CLAT” (or, in legal jargon, a Testamentary Charitable Lead Annuity Trust).

Although the T-CLAT is simple, at least on the surface, designing the T-CLAT formula so it “zeroes out” the Estate Tax is not quite so simple.

Do you know…

  • The 12 ways to draft a T-CLAT formula?
  • The key to a successful formula under the regulations?
  • The advantages and disadvantages of each way to draft the T-CLAT?
  • When some of the private foundations rules apply?
  • How to avoid the big trap – – the formula resulting in nothing remaining for the beneficiaries at the end of the T-CLAT term?
  • How the type of estate assets and their cash flow have to be factored in?

Paul will cover all of this and more, together with drafting language!!!

It’s That Time… How’s YOUR Bedside Manner? An Analysis of Health Care Powers of Attorney, Advance Directives, Living Wills, POLST and HIPAA Authorizations

Length: 90 minutes 

Format: Webinar

Overview: End of life issues often are charged emotionally and spiritually. Few estate planners draft health-care powers of attorney, living wills or advance-care directives with much more than antiseptic legalese.

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What about the whole person of your client, i.e., your client’s spiritual and other needs and dictates? In this sometimes sobering 90 minute exclusive LISI webinar, Paul takes us through the world of end-of-life decisions and the documents that signify those often gut-wrenching decisions, including:

  • In-depth exploration of the tools of advance directives, including living wills, durable health-care powers of attorney and HIPAA authorizations.
  • Introduction of Physicians Orders for Life-Sustaining Treatment (POLST).
  • Interaction between an advance care directive and POLST.
  • Consideration of the Five Wishes™ format.
  • Survey of important differences in state law of advance directives.
  • Impact of Patient Self-Determination Act of 1990.
  • A quick look at the assisted suicide statutes.

And much more!!! Don’t miss this important webinar!!!

Upcoming Events

There are no upcoming events at this time.

Select Past Presentations

Valuable Conversations Attorneys and Business Appraisers Must Have: Buy-Sell Agreements, Appraisal Review, Gift & Estate Taxes, Litigation & More (with Chris Mercer); Leimberg Information Services webinar, June 25, 2020.

Nelson v. Commissioner – The Next Chapter in Protective/Defined Value Gift and Sale Clauses – A devastating loss for the Taxpayer (with Bob Keebler); Leimberg Information Services webinar; June 19, 2020.

Charitable Planning in 2020-Including the Charitable LLC!; Leimberg Information Services webinar; June 18,2020.

The Magic Carpet of Estate Planning: Cutting Edge Planning and Drafting with Powers of Appointment; Leimberg Information Services webinar; May 28, 2020.

Pre-Nups: An Alternative View (with Emily Bouchard); Leimberg Information Services webinar; May 15, 2020.

Turbocharge Your Trust Forms: Non-Traditional Cutting Edge Trust Design Strategies To Improve And Protect Inheritors; Leimberg Information Services webinar; Leimberg Information Services webinar; April 23, 2020.

Crafting and Drafting CRT’s with Wealth Replacement and Avoiding Liability; Leimberg Information Services webinar; April 2, 2020.

The Minefields of the Professional as a Fiduciary: Do YOU know how to get through them?; Leimberg Information Services webinar; March 26, 2020.

Property Powers of Attorney: Are You Aiding and Abetting Legalized Theft?; Leimberg Information Services webinar; March 19, 2020.

Anatomy of a Business Valuation Report – Next Episode of Out of the Hood; Leimberg Information Services webinar; February 6, 2020.

Significant 2019 Developments Affecting Business Planning; Leimberg Information Services webinar; January 23, 2020

Modern Basis Planning: Dude, Where’s My Basis?; Leimberg Information Services webinar; December 6, 2019.

Early Termination of Trusts: Panacea or Professional Negligence (with Ed Morrow)?; Leimberg Information Services webinar; November 14, 2019.