8:55 Welcome and Introductions
9:00 Recent Developments
Stephen A. Brown, Young Moore & Henderson PA, Raleigh
Tyler F. Chriscoe, Young Moore & Henderson PA, Raleigh
Chadwick I. McCullen, Young Moore & Henderson PA, Raleigh
Stephanie R. Poston, Young Moore & Henderson PA, Raleigh
Review recent federal statutory developments and cases involving trust, estate, gift and income tax matters and North Carolina case law.
10:32 Legislative Update
M. Kemp Mosley, Narron Wenzel PA, Raleigh
Receive an overview of recently enacted North Carolina statutory provisions.
11:19 Break
11:29 Migrating Community Property: Cashing In on That Hot Ticket to Paradise
Debra L. Foster, Debra L. Foster PLLC, Charlotte
Holly B. Norvell, Johnston Allison & Hord PA, Charlotte
With an increasingly transient population, new clients move to North Carolina and bring community property from their prior states of residence. How do we as practitioners recognize community property and implement effective plans to preserve the spousal rights and favorable tax attributes of community property? This presentation provides practical planning tips for clients who own community property and reviews various approaches for dealing with the challenges and opportunities presented by community property imported into a separate property jurisdiction.
12:30 Lunch Break
1:00 Putting "Success" Back Into Business Succession Planning
Thomas J. "Tom" Pauloski, Bernstein Global Wealth Management, Chicago, IL
Despite an $11.7 million estate tax exclusion, passing a family business on from one generation to the next may be more complicated today than it has ever been. In this compendium of case studies, we discuss how to advise business owners in the current environment. The presenter uses Bernstein's proprietary wealth forecasting model to test strategic alternatives in four contexts: (i) a young entrepreneur who is planning for a second liquidity event, (ii) two brothers who are trying to decide how to find a buy-sell agreement, (iii) a business owner who would like to transfer his low-cash flowing business to the next generation, and (iv) a real estate entrepreneur who is considering the potential benefits of valuation discounts.
2:16 Planning for Persons With Disabilities: Recent Developments and Continued Challenges
Kristen M. Lewis, The Bowden Law Firm, Atlanta, GA
This session addresses recent developments that impact various aspects of special needs planning, including (i) the "network" of special needs trusts that serve as the foundation of a comprehensive Special Needs Estate Plan, (ii) updates to the Program Operational Manual System (POMS) maintained by the Social Security Administration, (iii) the ABLE account as the newest planning tool, and (iv) the SECURE Act and its impact on a special needs trust (SNT) designed to serve as an "eligible designated beneficiary" of retirement benefits. This presentation also highlights continued challenges for practitioners who struggle to assemble the client's team of "allied professionals" and to address existing trusts that jeopardize the beneficiary's ongoing eligibility for means-tested government benefits.
3:36 Break
3:46 A Lawyer's Guide to Understanding Addiction†
Cathy Killian, North Carolina Lawyer Assistance Program (NCLAP), Raleigh
A recent national landmark ABA study on attorney mental health is the first to ever bring into sharp focus, with hard data and real numbers, the impact that alcohol/drug abuse and other mental health issues are having on the legal profession. The research indicated high rates of depression and anxiety among lawyers, as well as a substance abuse rate approximately twice that of the general population. This presentation seeks to improve our understanding of substance abuse, the dynamics of addiction and the susceptibility of lawyers to this disorder. Hear about the neurological nature of substance abuse/addiction, including the development, symptomology and behavioral impact. Attendees also receive guidance and suggestions for dealing with a substance use disorder in themselves or other legal professionals.
4:46 Adjourn for the Day
† Indicates portion providing Substance Abuse/Mental Health credit
If you did not attend this program in its entirety, please fill out a partial credit form to ensure that we report your credit accurately.
Please send your completed form to
askcle@ncbar.org within seven days of this program.