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Day 2 | 2021 Estate Planning & Probate Law Survey Course

8:25        Announcements

8:30        Gross Estate and Estate Valuation

Doris J. "Dori" Dixon, Schell Bray PLLC, Greensboro

This segment covers generally the types of property and transfers that are includible in the gross estate for federal tax purposes, followed by a review of the general statutory, judicial and administrative treatment of valuation of the gross estate.

9:30        Break

9:40        Transfer Taxes: Estate, Gift and Generation-Skipping Transfer

Paul M. Hattenhauer, Culp Elliott & Carpenter PLLC, Charlotte

Review the basic rules regarding federal transfer taxes, including - estate tax, gift tax and generation-skipping transfer tax. Learn about the calculation of deductions and credits related to the federal estate tax for a decedent's estate; the various available exclusions, exemptions and deductions from gift tax and the valuation of taxable gifts; and the fundamentals of generation-skipping trusts and transfers.

11:10      Break

11:20      Retirement Benefits

John R. Cella Jr., Ragsdale Liggett PLLC, Raleigh

Explore planning considerations for retirement benefits, including beneficiary designation forms, naming trusts as a beneficiary, and tax implications resulting from the SECURE Act.

12:20      Lunch Break

12:50      Life Insurance

John R. Cella Jr., Ragsdale Liggett PLLC, Raleigh

Beginning with a general overview of estate planning and business succession planning opportunities with life insurance, this session focuses on practical drafting considerations and planning opportunities, including traditional ILITs and buy-sell agreements.

1:50        Break

2:00        Recent Tax Changes

Christopher N. "Chris" Hewitt, Womble Bond Dickinson (U.S.) LLP, Winston-Salem

Consider federal litigation priorities and the implications to clients if enacted, plus strategies for planning in an uncertain environment.

3:00        Adjourn

Description

Designed for individuals who practice or are beginning to practice in the estate planning and probate law areas, the 2021 Estate Planning & Probate Law Survey Course provides an overview of key concepts and discusses practical considerations, planning strategies and opportunities.

Contributors

  • S. Kyle Agee

    Kyle Agee primarily represents the business owners of closely-held and family companies in tax, business succession and estate planning matters. When tax laws change, such as the enactment of the 2018 Tax Cuts and Jobs Act, Kyle works with clients to ensure their business and estate plans are as tax-advantaged as possible. This also applies to other unanticipated circumstances and family upheaval – he builds flexibility into clients' plans to protect their interests and goals. Clients include established, multi-generation family companies, professionals, as well as owners of business start-ups – people who are on the front end of building their wealth. While clients may live in other states, they all have important interests in North and South Carolina.

    Estate and trust administration are additional strengths of Kyle's practice. Representing both professional fiduciaries and families, he works with them to ensure the wishes of the family are carried out. Kyle also represents banks who serve as fiduciaries, executors and advisors on highly complex and emotionally-charged estate issues that involve estranged or difficult family members. He is frequently brought in to help bank clients problem-solve when contentious disputes arise among their clients' representatives.

    In addition, working closely with in-house counsel, Kyle serves as an outside authority to multi-office regional banks, assisting with matters relating to agency, estate and trust accounts, plus other fiduciary concerns.

    Click here for more information about Kyle.

  • Koral F. Alman

    Koral F. Alman is a principal in the Van Winkle Law Firm's Trust, Estates and Elder Law practice group. Koral's practice focuses on probate law, trust and estate planning, as well as estate and trust administrations. Koral works closely with clients to determine their specific goals and develop a customized plan to meet their unique needs. These plans can range from the creation of simple Wills, Powers of Attorney and Health Care documents, to more complex plans assisting clients with small businesses, blended families, minor children, or other special concerns or circumstances. Koral works hard to ensure that each plan is understandable and appropriate for her clients.

    Prior to joining Van Winkle, Koral practiced in Los Angeles, California at boutique law firms specializing in commercial, antitrust, and unfair competition litigation. While earning her law degree, Koral served as Executive Editor for the Journal of Civil Rights and Social Justice and was selected as a Burks Scholar, an adjunct instructor for first-year legal research and writing.

    Koral is licensed to practice in North Carolina and Florida.

    Click here for more information about Koral.

  • Douglas W. "Doug" Benson

    Douglas W. "Doug" Benson is Senior Vice President and In-House Counsel at Foundation For The Carolinas in Charlotte. He is an experienced attorney with a demonstrated history working in-house with a large community foundation. Doug has extensive experience assisting high net worth individuals and families with comprehensive estate planning and charitable planning. Doug is knowledgeable about and experienced with community foundations and other nonprofit organizations, charitable planning (including planned giving), nonprofit governance, estate planning, tax planning and closely held businesses. He has presented on a broad range of charitable and estate planning topics, including charitable gifts of closely held business interests, planned giving and tax-exempt entities.

    Prior to joining Foundation For The Carolinas, Doug practiced as an estate planning attorney for 12 years with Moore & Van Allen PLLC, in Charlotte, North Carolina and with Sutherland Asbill & Brennan LLP in Washington, DC.

    Doug is a member of the Estate Planning & Fiduciary Law Section of the North Carolina Bar Association, member of the American Bar Association, Mecklenburg County Bar and the Charlotte Estate Planning Council. He received his B.A. degree in Economics from the University of Rochester in 1997 and his J.D. degree from Duke University School of Law in 2000.

    Click here for more information about Doug.

  • John R. Cella Jr.

    John R. Cella Jr. is with Ragsdale Liggett PLLC in Raleigh. John counsels clients in estate and business planning matters. He prepares estate planning documents, including wills, revocable trusts, minors trusts, irrevocable life insurance trusts, and charitable trusts, and advises clients on the income, estate, gift, and generation-skipping transfer tax consequences of wealth transfers to individuals, trusts, and charitable organizations. John also works with executors and trustees in estate and trust administration matters. With respect to business planning, he assists clients in entity selection, limited liability company formation and maintenance, closely-held business succession matters (including the creation and maintenance of ESOPs), and deferred compensation for employers, owners, and key employees in employment and severance agreements.

    John's practice includes counseling employers on their tax-qualified retirement plans, health and welfare benefit plans, nonqualified deferred compensation plans, and equity compensation arrangements. His background in employee benefits and compensation is beneficial to clients considering income and estate tax aspects of distributions, rollovers, and trustee-to-trustee transfers from qualified retirement plans and/or IRAs.

    Click here for more information about John.

  • Doris J. "Dori" Dixon

    Doris J. "Dori" Dixon is with Schell Bray PLLC in Chapel Hill. Dori's practice concentrates on elder law, special needs, and trusts and estates. She counsels clients on issues including special needs planning, guardianships, Medicaid, Veterans benefits, wills, trusts, estate administration, probate, powers of attorney, healthcare powers of attorney, and living wills.

    Prior to joining the firm, Dori was a partner with Wiggen Law Group PLLC in Durham.

    Dori has a special interest in elder law. Working with seniors and persons with special needs has always been a passion for Dori. As a teenager in her home town of Greensboro, she waited tables at Friends Home, a continuing care retirement community, and in college, Dori brought dogs from the local animal shelter to a nearby nursing home so the seniors could participate in pet therapy. In college, Dori also began working with individuals with special needs by participating in a program that paired college students with special needs adults for social outings. Dori enjoys the privilege of assisting families to implement planning that takes into account each client's unique needs.

    Dori's interest in elder and special needs law extends beyond the office. Dori has served as an Adjunct Associate Professor of Law at the University of North Carolina School of Law, President of the North Carolina Chapter of the National Academy of Elder Law Attorneys, and Chair of the Elder and Special Needs Law Section of the North Carolina Bar Association. She is a frequent speaker on the topics of estate planning, elder law, and special needs law.

    Dori lives in Durham with her husband, Josh, their son, Grey, and their dogs Lola and Walker.

    Click here for more information about Dori.

  • Elinor J. "Elie" Foy

    Elinor J. "Elie" Foy is Of Counsel with Womble Bond Dickinson (U.S.) LLP in Raleigh. She is a board-certified specialist in estate planning and probate law with extensive experience working with clients to effectively transfer wealth, whether during life or upon death.

    With more than a decade of legal experience, Elie practices in the areas of estate planning, wealth preservation and estate and trust administration. She assists clients in a broad range estate planning matters, including wealth transfer strategies, business succession planning and charitable planning. In addition, she regularly counsels both public charities and private foundations on obtaining and maintaining tax-exempt status.

    Elie is a frequent speaker and author on trust and estate topics, and recently completed a term as president of the Wake County Estate Planning Council. Elie is a Fellow of the American College of Trust and Estate Counsel and a member of the North Carolina Bar Association's Estate Planning and Fiduciary Law Section Council.

    Click here for more information about Elie.

  • Paul M. Hattenhauer

    Paul M. Hattenhauer is a partner with Culp Elliott & Carpenter PLLC and is chair of the firm's Estate Planning practice group. Paul's practice encompasses business succession planning, tax, estate planning, and estate and trust administration. He also assists clients in achieving their philanthropic objectives through the use of various charitable giving structures, including private foundations, supporting organizations, and charitable remainder trusts.

    Paul has extensive experience in implementing sophisticated estate plans for high net worth individuals, closely-held business owners and their families. These plans are tailored to allow the client to pay the least amount of tax within the context of the family's overall goals and objectives, and include the use of trusts, limited liability companies and charitable entities.

    In addition, Paul counsels trustees, executors, and beneficiaries regarding all aspects of trust and estate administration, including the preparation and filing of gift tax returns and estate tax returns, judicial and non-judicial modifications of irrevocable trusts, and trust decantings. He has substantial experience handling IRS gift and estate tax audits.

    Paul also regularly represents clients in general business and tax matters. He provides legal advice on entity selection and organization; partnership, limited liability company and shareholders agreements, including buy sell agreements; employment, non-competition and non-disclosure agreements; and federal and state tax matters.

    Paul is licensed to practice law in North Carolina and Florida, he is a member of the Estate Planning and Fiduciary Law Section of the North Carolina Bar Association, a North Carolina Board Certified Specialist in Estate Planning and Probate Law, a member of the American Bar Association (and a member of the Real Property Probate and Trust Law Section), and a member of the Mecklenburg County Bar Association.

    Paul received his B.S. degree in Accounting, summa cum laude, from Saint John's University, Collegeville, Minnesota, his J.D. degree, cum laude, from the University of Minnesota School of Law, and his LL.M. degree in Estate Planning from the University of Miami School of Law.

    Click here for more information about Paul.

  • Christopher N. "Chris" Hewitt

    Christopher N. "Chris" Hewitt is with Womble Bond Dickinson (U.S.) LLP in Winston-Salem. Chris is a corporate & securities and private wealth lawyer, focusing his practice in the areas of generational wealth transfer planning, trust and estate administration and tax-exempt planning.

    Chris provides clients with customized planning advice to assist with the generational transfer of wealth during lifetime and at death. His previous legal experience in a corporate transactional practice enables him to more effectively serve business owners and the challenges they face in transitioning assets to successive generations. Chris also assists clients in the creation of family limited liability companies to own and manage family assets. Additionally, he advises individual and corporate trustees on judicial and non-judicial modifications and decanting of irrevocable trust agreements when existing trust language has become impractical.

    Chris also advises clients on the creation of tax-exempt entities and the subsequent administration of those entities. Chris advises existing tax-exempt clients on various issues, including their charitable solicitation license compliance programs.

    Click here for more information about Chris.

  • Linda Funke Johnson

    Linda Funke Johnson is the sole shareholder of Senter Stephenson Johnson PA in Fuquay-Varina. She has been practicing law since 1985 and has extensive practical and theoretical experience in the areas of Guardianship, Estate Planning and Administration, Tax, Real Estate, and Small Business Law.

    Linda is a Board Member of the North Carolina Bar Association Board of Governors (2019-2022) and a member of the Elder Law Section, Estate Planning and Fiduciary Law Section, and Real Property Section of the North Carolina Bar Association. Linda is previously a Co-Editor of two of her sections' publications, The Will and the Way and North Carolina Estate Administration Manual, Supplemented Sixth Edition (2006/2008). Linda is formerly the Chair of the Estate Planning and Fiduciary Law Section (2017-2018), Co-Chair of the Legislative Committee of the same section (2015-2017), and Chair of the North Carolina State Bar Legal Specialization Committee, Estate Planning and Probate Law.

    Linda earned her Specialization designation in 2007 and became a Fellow, American College of Trust and Estate Counsel in 2018. She is licensed to practice law in North Carolina, Hawaii, and Connecticut. She earned her B.S. degree from Fairfield University in 1982 and her Juris Doctorate from Quinnipiac College School of Law in 1985.

    Linda has volunteered within her community as everything from Chair of the Fuquay-Varina Downtown Association Board to the Spring Chicken for the annual Easter Candy Hop and as The Grinch at Downtown sleigh rides. Her current community project is the Grief Share at her church, which she runs with her husband, Steve. Her husband owns and operates a truck company servicing the Southeastern United States and is also a chaplain. They live in the Fuquay-Varina area (with more dogs than Steve would like.)

    Click here for more information about Linda.

  • C. Barton "Bart" Landess

    C. Barton "Bart" Landess is the executive director of Catawba Lands Conservancy in Charlotte. Bart brings nearly 30 years of fundraising and nonprofit experience to the Conservancy and the Thread Trail. He came from the YMCA of Greater Charlotte where he served for eight years as Vice President of Major and Planned Gifts.

    Prior to this, Bart worked at the Foundation For The Carolinas in development and planned giving. He is a graduate of Davidson College, where he also worked as Assistant Vice President of Major and Planned Gifts, then General Counsel and the President's Executive Assistant. Prior to that he practiced law at Smith Helms Mulliss & Moore.

    Bart received his law degree from the University of Virginia in Charlottesville and has always been a lover of the land.

    Bart, his wife and his four children all enjoy the outdoors, especially skiing. Bart is former Chair of the North Carolina Planned Giving Council. He's also a founding member of the Institute of Philanthropy and Leadership Gift School and a former Board member of Legal Services of the Southern Piedmont (now Charlotte Center for Legal Advocacy) and former Deacon and member of the Session of First Presbyterian Church. He was part of the Charlotte Chapter of American Leadership Forum's Class V.

  • Kerri L.S. Mast

    Kerri L.S. Mast is Senior Vice President, Senior Wealth Planner for the Southeast at Brown Brothers Harriman in Charlotte. Kerri has extensive experience advising business owners and families of generational wealth to help them achieve their goals relating to estate planning, philanthropy, business succession and tax minimization. She provides clients with the resources they need to navigate transitions successfully and to help families thrive. As a national leader of the Philanthropic Advisory practice, Kerri works to create an environment where families can engage in conversations about wealth, values, legacy and impact.

    Prior to joining the firm in 2010, Kerri worked at Foundation For The Carolinas, where she advised donors and their professional advisors on issues relating to charitable giving and nonprofit governance. Prior to that, Kerri practiced law at Moore & Van Allen PLLC, where she advised families of substantial wealth on estate and tax planning matters.

    Kerri is a Fellow of the American College of Trust and Estate Counsel. She serves on several boards and committees, including The Nature Conservancy (North Carolina Chapter) Board of Trustees (chair), Queens University Planned Giving Advisory Council (chair), Atrium Health Planned Giving Advisory Council and Women's Impact Fund Environment Grants Committee. 

    Kerri received her B.A. degree, cum laude, from Wake Forest University and her J.D. degree, with honors, from Emory University School of Law.

    Click here for more information about Kerri.

  • Sandi O. Thorman

    Sandi O. Thorman is a partner at GreerWalker CPAs & Advisors in Charlotte. She is the leader of the firm's Estate, Gift and Trust Practice and also the Professional and Financial Services Practice.

    Sandi has more than 20 years of tax and business advisory experience with a strong focus on the professional and financial services industry which includes attorneys, architects, engineers, investment advisors, private equity funds, mortgage bankers, investment banking firms, broker dealers, and insurance companies. Sandi assists closely held companies and their owners with tax planning and compliance needs. She has significant expertise in entity selection, entity structure, ownership changes, mergers and acquisitions, succession planning, and estate planning.

    Prior to joining GreerWalker LLP in 2000, Sandi worked at KPMG in Cincinnati, Ohio.

    Click here for more information about Sandi.

  • Sara Page H. Waugh

    Sara Page H. Waugh is an associate at Moore & Van Allen PLLC in Charlotte. Her practice is focused on estate planning, trust and estate administration, charitable planning, business succession planning, and tax planning for high net-worth individuals.

    As a member of the North Carolina and Florida state bars, Sara Page advises clients in both states with respect to their tax and estate planning needs. Her practice includes the preparation and implementation of wills, revocable trusts, and financial and health care powers of attorney. Sara Page also employs sophisticated tax planning techniques to support her clients' tax planning, including the creation and ongoing administration of irrevocable trusts such as grantor retained annuity trusts (GRATs), spousal lifetime access trusts (SLATs), and multi-generational generation-skipping transfer (GST) tax exempt dynasty trusts. In order to most effectively meet her clients' goals, Sara Page often utilizes family business entities, including limited partnership and limited liability companies.

    As part of a comprehensive estate plan, Sara Page assists her clients in the succession of management and ownership of closely-held business interests through the implementation of buy-sell arrangements and life insurance arrangements in addition to the creation of bifurcated ownership structures which allow for the transfer of controlling management interests and non-controlling equity interests. She works closely with accountants, business managers, life insurance advisers, corporate fiduciaries, and financial advisers to formulate and implement creative solutions to her clients' objectives.

    Click here for more information about Sara Page.

September 24, 2021
Fri 8:25 AM EDT

Duration 6H 35M

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