Virtual
Estate and Trust Planning Virtual Conference 2025
Date: July 10 - 11, 2025
Time: 8:15 a.m. – 4:30 p.m. PT
Overview
As a financial advisor, your clients rely on you to provide perspective and clarity as legislation and regulation evolve. Take advantage of this annual conference dedicated to keeping CPAs, attorneys and financial planners on top of recent estate and trust planning developments. You'll gain an in-depth understanding of best practices, practical strategies, and connections with expert professionals specializing in this area.
Prefer to attend in person? Click here to access the in-person conference option.
Please note, agenda and/or speakers are subject to change.
Product Code
1000003485
Credit Type
CPE: 16CPE-Technical: 16MCLE: 13Format
Virtual
Intended Audience
CPAs, attorneys and financial professionals involved in estate and gift tax planning and compliance; other estate planning professionals; practitioners with high net-worth clients and clients with interests in closely held businesses.
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
Basic to advanced understanding of estates and trusts.
Learning Objectives
Agenda
8:30 – 8:35 a.m. PT
Welcome Remarks
8:35 – 9:50 a.m. PT
Recent Developments and Current Trends in Wealth Transfer Planning
This session will discuss Treasury and IRS rulings that are of interest to those engaged in estate planning, as well as recent Federal and state cases that suggest opportunities and highlight pitfalls for the estate planning practice. We will also spend some time reviewing planning ideas and interesting, effective strategies in view of the current planning environment. And, of course, if our friends in Congress have done anything for, or to, us then we will discuss that as well!
Speaker(s)
Turney Berry
9:50 – 10:40 a.m. PT
Interests Rates and Capital Costs of Advanced Strategies
In the past decade, historically low interest rates meant families could transfer wealth by making modest principal gifts rather than large ones. That’s because they could leverage the future growth of their assets using borrowed funds to boost future returns. Thanks to minimal borrowing costs, such “leveraged strategies” flourished in low-interest environments.
Today, interest rates have eased modestly from their peak, but they still reflect a somewhat restrictive Federal Reserve stance rather than a stimulative one. As a result, families continue to grapple with higher capital costs. This session will cover estate planning techniques that will struggle and those will thrive as interest rates soar.
Speaker(s)
Katie Gardner
10:40 – 10:55 a.m. PT
Break
10:55 a.m. – 12:10 p.m. PT
12:10 – 1:20 p.m. PT
Lunch Break
1:20 – 2:10 p.m. PT
Changes in 709
The Gift Tax Return, Form 709, has changed and the changes are substantial. This session will discuss the reasons behind the changes, what the changes are that practitioners need to be aware of and what you need to know and do going forward.
Speaker(s)
Jeremiah W. Doyle IV
2:10 – 3:25 p.m. PT
Business Succession Planning as Baby Boomers Age and Haven’t Planned Adequately
This session discusses the various issues and alternatives that arise with respect to succession planning for the owners of privately-held businesses. Gifting the business to family members is discussed. Are there suitable successors within the family? Will there be sufficient liquidity to address financial needs if the business interest is given away? We will consider entering into a succession arrangement with fellow owners of the business. Concerns regarding entering into and structuring a buy-sell agreement will be reviewed. The alternative of selling the business to a third party will be explored, considering both the tax and non-tax issues that arise in this situation.
Speaker(s)
Steven G. Siegel
3:25 – 3:40 p.m. PT
Break
3:40 – 4:55 p.m. PT
4:55 – 5 p.m. PT
Final Remarks/Adjourn
8:30 – 8:35 a.m. PT
Welcome Remarks
8:35 – 9:50 a.m. PT
Hindsight is 20/20: California Property Tax and Transfer Tax Pitfalls and Opportunities
In this session, we’ll explore the fundamentals of California property tax assessments and change in ownership law. The listener will learn about potential planning techniques and savings opportunities as real estate markets fluctuate as well as important developments in the areas of documentary transfer tax and property tax exclusions.
Speaker(s)
Michael P. Kelly
9:50 – 11:05 a.m. PT
11:05 – 11:20 a.m. PT
Break
11:20 a.m. – 12:35 p.m. PT
IRS Operations: The Path Ahead
The IRS is once again facing enormous challenges, from changing priorities to rescinded funding to hiring freezes. Former IRS Commissioner (2018-2022) Chuck Rettig will share his perspectives on IRS resilience and adaptability, with a particular focus on how the changes are likely to affect current and planned enforcement initiatives, at both the agency and exam team level. He will provide context for the many challenges ahead regarding enforcement and related efforts focused on high-wealth individuals and their closely held entities, flow-thru entities, estate and gift tax issues, complex and multi-tiered partnerships, business aircraft, digital assets, offshore activities and other current IRS priorities and initiatives.
Speaker(s)
Charles P. Rettig
12:35 – 1:45 p.m. PT
Lunch Break
1:45 – 2:35 p.m. PT
2:35 – 3:25 p.m. PT
How to Review Trust Documents with a Planner and Tax Mindset
This session will break down the key elements of trust structures and how to properly review and interpret them. Topics include the income tax treatment of grantor vs. non-grantor trusts, beneficiary taxation, trust classifications (simple, complex, and grantor), and the tax implications of revocable vs. irrevocable trusts. We’ll also explore common trust provisions (like HEMS and 5/5 power), charitable deduction rules, and special considerations for trusts holding S corporation stock.
Speaker(s)
Steven G. Siegel
3:25 – 3:40 p.m. PT
Break
3:40 – 4:55 p.m. PT
Funding the Sub-trust and the Traps and Preparation of Form 1041 for Administrative Trusts
Come learn the six income tax issues involved in funding bequests, including whether the distribution carries out DNI and if so, how much DNI, whether capital gain may or is required to be recognized when funding a bequest with appreciated property, and what is the holding period and basis of the assets distributed to the beneficiary.
Speaker(s)
Jeremiah W. Doyle IV
Faculty
Sponsors
CalCPA would like to thank our sponsors for their generous support in helping make this event a success. Learn more about them by clicking on their logo below.
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