OasisLMS

Hear an overview of the most important 2025 developments in estate planning. Discuss new legislation, IRS guidance, and key court decisions, as well as practical insights on how changes affect trusts, taxes, and client planning strategies.

Speaker:
David Handler, JD, Partner | Kirkland & Ellis LLC

In part I of II, explore the powerful income tax basis benefits of community property trusts and the planning traps that may result in unintended tax consequences. Discover when these strategies work best, how to spot common risks, and what CPAs and advisors should consider when coordinating with legal counsel. With the now permanent $15 million (plus inflation) estate tax exclusion shifting the focus to income tax planning, learn practical techniques to intentionally achieve step up in basis on appreciated assets.

Speakers:
Christopher Denicolo, JD, Partner, Estate Planning, Health Law, Corporate & Business Law | Gassman, Denicolo & Ketron P.A.
Brock Exline, JD, Associate, Estate Planning, Corporate & Business Law | Gassman, Denicolo & Ketron P.A.

In part II, we'll continue the discussion on the power and traps related to community property trusts. Examine the strategies and risks as well as what CPAs and advisors should consider when coordinating with legal counsel. Take away practical techniques—using powers of appointment, trusts, and other structures—to intentionally achieve step up in basis on appreciated assets.

Speakers:
Christopher Denicolo, JD, Partner, Estate Planning, Health Law, Corporate & Business Law | Gassman, Denicolo & Ketron P.A.
Brock Exline, JD, Associate, Estate Planning, Corporate & Business Law | Gassman, Denicolo & Ketron P.A.

Shifting U.S. policies are driving a realignment in global trade, capital flows, and labor mobility. How will the shifting policy mix affect economic prospects?  What new risks are in play, and what old risks linger?  Bring your questions and hear an outlook for the year ahead. 

Speaker:
Ryan James Boyle, MBA, Chief U.S. Economist | Northern Trust

Special needs trusts play a critical role in preserving benefit eligibility while funding supplemental care. Examine trust structures, distribution strategies, and the resulting fiduciary and individual income tax consequences. 

Speaker:
Brian Whitlock, CPA, JD, LLM, Of Counsel | Golan Christie Taglia

The final stages of estate administration are often among the most complex and least understood—even for experienced practitioners. Delve into the ins and outs of funding formulas, including documenting decisions, pro rata vs. non-pro rata fundings, and issues with fairly representative formulas and managing community property. Plus, discuss challenges with timing and documentation of funding decisions and receipt and refunding agreements. 

Speaker:
Stacy E. Singer, JD, CPWA, National Practice Leader for Trust & Wealth Advisory Services | Northern Trust

Hear a comprehensive overview of the Illinois estate tax and its practical implications for individuals, families, and advisors.  Gain a clear understanding of how it’s calculated, how it differs from the federal estate tax framework, and what planning opportunities exist to minimize tax exposure, including gift planning and establishing or changing domicile. 

Speaker:
Stuart Kohn, Partner, Trusts & Estates | Levenfeld & Pearlstein