8:15 Welcome and Introductions
Koral F. Alman, The Van Winkle Law Firm, Asheville
Hear an overview on wills in North Carolina, including the capacity to create a will and requirements for execution.
9:30 North Carolina Uniform Trust Code
S. Kyle Agee, Johnston Allison & Hord PA, Charlotte
Reviews the law on trusts in North Carolina, including the North Carolina Uniform Trust Code, and related concepts.
10:40 Probate Law
Sara Page H. Waugh, Moore & Van Allen PLLC, Charlotte
During this overview on North Carolina probate law, the presenter walks through the process and requirements for dealing with assets in an estate.
11:50 Charitable Giving
Douglas W. "Doug" Benson, Foundation for the Carolinas, Charlotte
Discuss charitable giving strategies and vehicles, as well as the related tax implications.
12:50 Lunch Break
1:20 Partnerships, LLCs and Corporations
Elinor J. "Elie" Foy, Womble Bond Dickinson (U.S.) LLP, Raleigh
Examine the types of business entities available to clients and considerations for choice of entity. This session also discusses various estate tax and probate issues that arise from the death of an owner of a closely held business.
2:30 Estate Planning With Powers of Attorney, Guardianship and Ward
Linda Funke Johnson, Senter Stephenson & Johnson PA, Fuquay-Varina
This session explores planning opportunities utilizing a power of attorney drafted under the 2018 enactment of N.C.G.S. § 32C. Review the practical application of guardianship law to guardianships located in North Carolina, as well as transfers of guardianships into and out of North Carolina.
3:40 Fiduciary Income Taxation of Trusts and Estates
Sandi O. Thorman, GreerWalker CPAs & Advisors, Charlotte
Dive into a discussion of fiduciary income taxation, starting with the definitions of fiduciary accounting income (FAI), taxable income and distributable net income (DNI). The presenter then shares planning ideas to minimize regular tax, alternative minimum tax (AMT), and the 3.8% net investment income tax (NIIT) for both the trust or the estate and the beneficiaries.