A Practical Approach to Trust and Estate Administration and Accounting in California

Transcription

1 Inge Murphy/ Wendi MONEY ($) A Practical Approach to Trust and Estate Administration and Accounting in California Moderator: Nancy F. Thornton, CPA, CCF Foster Thornton LLC Ronald A. Friedman Friedman Brannen LLP Richard J. Muscio, CPA Friedman Brannen LLP Daniel K. Printz, Esq. Law Office of Daniel K. Printz This seminar is designed for accountants, CPAs, attorneys, controllers, CFOs, presidents, vice presidents, trust officers, financial and estate planners, insurance professionals, enrolled agents, bankers, executors, and consultants who service estates and trusts. San Diego, CA June 27, 2008 CONTINUING EDUCATION CREDIT Credit (Pending) Earn Your Banking Certificate Now! Keeping You Current. Helping You Succeed.

2 Critical Issues on the Agenda Hotel Address HotelPhoneNumber San Diego, CA June 27, :00 am 8:30 am Registration 8:30 am 9:15 am Practical Approach to the Process of Trust and Estate Administration and Accounting Ronald A. Friedman 9:15 am 10:00 am Pre-Mortem Income, Estate and Gift Tax Planning Daniel K. Printz, Esq. You may increase the interest of potential seminar attendees by adding subtopics to this agenda, like so: I. Topic Example A. Subtopic B. Subtopic C. Subtopic 10:00 am 10:10 am Break 10:10 am 11:00 am Post-Mortem Planning and Administration Daniel K. Printz, Esq. 11:00 am 12:00 pm Preparation of the Estate Tax Return Ronald A. Friedman 12:00 pm 1:00 pm Lunch (On Your Own) 1:00 pm 1:30 pm Allocation of Assets to Subtrusts Ronald A. Friedman and Daniel K. Printz, Esq. 1:30 pm 2:30 pm Fiduciary Accounting: Why and How Richard J. Muscio, CPA 2:30 pm 2:40 pm Break 2:40 pm 3:10 pm Income Taxation of Estates and Trusts Richard J. Muscio, CPA 3:10 pm 3:40 pm Defending Estate Tax Return in an IRS Examination Ronald J. Friedman 3:40 pm 4:00 pm Late Funding of Trusts and Other Issues Ronald A. Friedman, Richard J. Muscio, CPA, Daniel K. Printz, Esq., and Nancy F. Thornton, CPA, CCF 4:00 pm 4:20 pm Difficulties in Communication and Playing Well With Others Trustees, Valuation Experts Ronald A. Friedman, Richard J. Muscio, CPA, Daniel K. Printz, Esq., and Nancy F. Thornton, CPA, CCF 4:20 pm 4:30 pm Closing Statement, and Questions and Answers Ronald A. Friedman, Richard J. Muscio, CPA, Daniel K. Printz, Esq., and Nancy F. Thornton, CPA, CCF Lorman Education Services reserves the right to modify the agenda and the faculty when circumstances are beyond our control.

3 Registration Trust and Estate Administration and Accounting San Diego, CA June 27, 2008 If you need special accommodations, please contact us two weeks in advance of the program. Seminar Tuition (includes free manual with registration) $339 for a single registrant $329 each for two or more from the same organization To Order Products From This Seminar Please allow four to six weeks after the date of the seminar for delivery. $359 CD/manual package $119 manual only Lorman Education Services is not approved to offer self-study CPE credit for accountants; therefore, no CPE will be given for this program if ordered as a self-study package. (Add $7 shipping/handling, plus applicable sales tax, to product orders. If tax-exempt, please include your certificate.) Names of Attendees (Please print clearly) Priority Code Discount Code 1. Name Title 2. Name Title Firm Name Address City State/Zip Telephone ( ) Fax ( ) Approving Manager Name customerservice@lorman.com Website: Telephone: Fax: Mail: Mail this form with payment information to Lorman Education Services, Dept. 5382, P.O. Box 2933, Milwaukee, WI Title Check enclosed payable to Lorman Education Services Charge to credit card AE MC VISA Signature Card number Exp. Date 2008 Lorman Education Services. All rights reserved. Cancellations: Substitute registrants are welcome and may be named at any time. If you cancel six or more business days in advance, you will receive a full refund, less a $20.00 service charge. If you cancel within five business days you are not entitled to a cash refund. However, as a courtesy, we will allow you to apply your payment toward any future Lorman seminar within one year from the date you cancel. Please note that if you do not attend and you do not cancel as described above, you are responsible for the entire payment. Lorman disclaims any liability for any other direct or compensatory payment. Seminar ID: Lorman Bookstore Subtotal From Above Shipping & Handling (excludes e-manuals) ($7.00 first item, $1.00 each additional) Sales Tax TOTAL ORDER ONLINE Visit us at to get more information on these and other products, and to download electronic manuals immediately. Our policy is to fill all orders with the most recent editions available. Your bookstore item(s) will be shipped within three to five business days, upon receipt of your order. All About Trusts Special Needs Planning; Tax Planning; Charitable Trusts; Asset Protection; Foreign Asset Protection Trusts; Advanced Planning With Foreign Trusts. Item: CD and $169 $79 $79 Special Needs Trusts: Planning for the Disabled and Elderly Modifying and Terminating Special Needs Trusts; Housing Issues in Special Needs Trusts; Distribution Clauses: a Smorgasbord of Options; Trust Administration Issues or What Do You Mean I Can t Do That; Ethical Issues in Working With Special Needs Trusts. Item: CD and $149 $69 $69 Assessing, Building and Preserving and Transferring Value in California LLCs Codification of Fiduciary Duties; Obligation of Good Faith and Fair Dealing; Limiting or Waiving Fiduciary Duties and the Obligation of Good Faith; Dealing With Insolvency. Item: CD and $169 $79 $79

4 Our Distinguished Faculty Ronald A. Friedman is a founding partner of Friedman Brannen LLP. In addition to being a certified public accountant, he is a certified financial planner with more than 30 years of experience in the financial services industry. Mr. Friedman s unique CPA practice focuses almost exclusively on estate and gift tax, and related issues. His duties include tax planning, tax compliance, post-mortem trust administration, IRS representation and complex fiduciary accounting. Mr. Friedman has considerable expertise in valuation issues. He is a frequent speaker for many professional organizations. Mr. Friedman has been a featured guest on a number of local radio shows and has published many articles in national professional journals. He is the former chairman of the Personal Financial Planning Committee of the San Diego Chapter of the California Association of Certified Public Accountants and past chairman of the La Jolla Estate Planning, Trust and Probate Section. Mr. Friedman is a member of the Estate Planning Council of San Diego, and the Children s Hospital Foundation Estates and Trusts Committee. He received his bachelor s and master s degrees from the University of Connecticut. Mr. Friedman has completed extensive post-graduate study at San Diego State University. Richard J. Muscio, CPA, is a private trustee and charitable gift planning consultant. His former CPA firm, now Friedman Brannen LLP, was San Diego County s first CPA firm to focus on estate planning and design of intrafamily gifting programs. Mr. Muscio has written more than 40 articles for local publications and has appeared on local television and radio programs as a guest speaker on estate planning. He is on the board of trustees of the National Steinbeck Center Museum in Salinas. Daniel K. Printz, Esq., is a sole proprietor in Carlsbad. Mr. Printz represents individual and business clients in matters including estate planning, probate, contracts, corporate formation/governance and litigation. His accomplishments have included drafting scores of revocable living trusts, wills, charitable trusts, health care directives and powers of attorney; advising a foreign research entity licensing pharmaceuticals from a U.S. company; negotiating and completing the $5 million sale of a brewery and restaurant to an American Indian nation; and helping establish legal compliance programs for companies as diverse as security installation services and international energy speculators. Mr. Printz is an adjunct faculty member at the University of San Diego s Paralegal Program, where he teaches Estates, Wills and Trusts. He graduated in the top onefifth of his law school class at Thomas Jefferson School of Law, where he was a member of the law review and the moot court board. While in law school, Mr. Printz co-wrote and implemented a comprehensive legal compliance program that has since been replicated throughout a division of American Express. He is a member of the California, San Diego and North County bar associations; and Phi Alpha Delta Law Fraternity, Intl. Nancy F. Thornton, CPA, CCF, is with Foster Thornton LLC. Combining her business insight with her personal experience as a private trustee, Ms. Thornton founded Foster Thornton LLC to provide objective, personalized fiduciary services to individuals, families and small businesses during life s transitions and especially to protect the assets, interests and dignity of those involved. In a financial career spanning three decades, Ms. Thornton has managed multimillion-dollar budgets, and the financial and day-to-day operations of professional service firms with hundreds of employees. Early in her career, she became a CPA while working in the Small Business Audit and Tax Department of Arthur Andersen & Co. Ms. Thornton is a certified California fiduciary and the treasurer of the San Diego Region Professional Fiduciary Association of California. She earned her B.S.B.A. degree from California State University, Los Angeles. Ms. Thornton holds a certificate in professional fiduciary management for trustees from California State University, Fullerton, and a certificate in human resource management from the University of California, Los Angeles. Previous attendee comment from another Lorman seminar: This seminar was very informative and insightful, put in the most simplistic and common-day terms. Shari H. Brown Additional Educational Opportunities Teleconferences: Not able to commit to a full day? Teleconferences are now available. Visit us at for a complete listing of teleconferences. In-House Corporate Training: If you have a group of 10 or more, it may be beneficial for you to schedule a seminar at your facility. Contact Lorman or us at inhouse@lorman.com to inquire about in-house training on this or other topics. Partnerships: You could earn a referral bonus by becoming a Lorman partner. Visit or call John Kreiner at NEW

5 Seminar Highlights Ensure nothing gets overlooked get on the road to success in trust and estate accounting. When it comes to accounting for trusts and estates, how does your knowledge stack up? A working understanding of trust and estate accounting will not only make you a better advisor or accountant but also help keep you out of legal trouble. Take your understanding to the next level at this powerful seminar, and find out how to prepare accounting entries for typical estate and trust transactions. You ll learn how to recognize the proper distribution of assets from an estate or trust. You ll get the opportunity to explore the differences between state and federal estate and income tax issues. Get savvy techniques for pre- and post-mortem planning hear time-tested strategies you can use to transfer your client s assets in a tax-efficient manner. Come join your peers as our expert speakers bring their extensive experience from the trenches to make sure you don t have to learn by trial and error. Benefits for You Free Manual with Registration Assist in structuring plans that appropriately cover the probable tax burden and save money whenever possible Deal with critical estate and trust tax issues Competently file state and federal estate tax returns know exactly what is required Minimize estate and gift taxes Expertly defend the estate tax return in an IRS examination A Practical Approach to Trust and Estate Administration and Accounting Continuing Education Credit Please remember to bring your license number, ID or other necessary information to the seminar. This will ensure timely reporting of continuing education credit. Please see our website at for further details about continuing credit information. Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, Website: CPE Credit: Maximum Credit Hours:

6 A Practical Approach to Trust and Estate Administration and Accounting in California San Diego, CA June 27, 2008 Benefits for You Assist in structuring plans that appropriately cover the probable tax burden and save money whenever possible Deal with critical estate and trust tax issues Competently file state and federal estate tax returns know exactly what is required Minimize estate and gift taxes Expertly defend the estate tax return in an IRS examination EXPRESS REGISTRATION - Sign up at using the seminar ID # listed below Seminar ID: Presorted Standard U.S. Postage Paid Permit No Eau Claire, WI