Faculty Course Information

Online Seminar

New Jersey Estate Planning 2024: New Laws, Old Tools, and the Changes You Need to Make

Get Critical Tools for Shaping Your Clients' Legacies

Division
NBI (98599)
Event Date
08/12/2024
Event Time
9:00 AM - 4:30 PM EDT
Event Planner
Jim Lau
Email
jim.lau@nbi-sems.com
Phone
(866) 876-5876

Program Description

Get Critical Tools for Shaping Your Clients' Legacies

This timely practice update offers a practical analysis of the recent and proposed legal and tax changes affecting trusts and estates and provides a review of the new tools to adapt to the changing regulatory environment. Provide your clients with the most up-to-date representation: register today!

  • Get an incisive summary and analysis of the tax changes and their implications for existing planning tools.
  • Learn which deductions remain and how to obtain them.
  • Identify planning approaches that no longer help your clients.
  • Gain practical pointers for fixing old trusts.
  • Glean the future of the practice with a practical analysis of the ongoing and upcoming regulatory efforts.

Who Should Attend

This basic level online seminar is designed for:

  • Attorneys
  • Accountants and CPAs
  • Tax Professionals
  • Trust Officers
  • Estate Planners
  • Paralegals

Course Content

  1. State and Federal Tax Updates
  2. Elder Law and Medicaid Planning Updates
  3. Reviewing Estate Planning Documents and Old Trusts
  4. Planning for IRAs in Light of the SECURE Act and SECURE 2.0
  5. What's New in Planning for Large Estates and Complex Assets
  6. Old Small- to Medium-Sized Estate Tools and How to Update Them
  7. Legal Ethics in Estate Planning

Agenda / Content Covered

All times are shown in Eastern time.
  1. State and Federal Tax Updates
    9:00 - 10:00, Christine L. Matus
    1. State and Federal Tax Rates and Exemptions
    2. The Step-Up in Basis at Death
    3. Trust Tax Deductions Changes
    4. Business Tax Changes Affecting Estate Planning
    5. IRS Enforcement Priorities
    6. SALT Updates
  2. Elder Law and Medicaid Planning Updates
    10:00 - 11:00, Daniel Del Collo III
    1. Financial Powers of Attorney
    2. Advance Medical Directives
    3. Adult Guardianships
    4. Planning for Nursing Home Care and Aging in Place
    5. Medicaid Planning
  3. Reviewing Estate Planning Documents and Old Trusts
    11:15 - 12:00, Daniel Del Collo III
    1. Stock Language to Look out for
    2. AI-Assisted Drafting: Legal Risks and Opportunities
    3. Document Execution, Funding Mistakes
    4. Avenues for Making the Changes
    5. Top Estate Planning Mistakes: How They Play out in Probate
  4. Planning for IRAs in Light of the SECURE Act and SECURE 2.0
    12:00 - 12:30, Kevin F. Murphy
    1. The End of the IRA Stretch
    2. Beneficiary Designations
    3. Required Minimum Distributions
    4. Tax Effects on Grantors and Beneficiaries
    5. IRA Trusts
  5. What's New in Planning for Large Estates and Complex Assets
    1:30 - 2:15, Joseph A. Romano
  6. Old Small- to Medium-Sized Estate Tools and How to Update Them
    2:15 - 3:15, Alec R. Borenstein
    1. Simple Wills
    2. Life Insurance
    3. Old QPRTs: What to Do with the Family Home
    4. Reassessing FLPs and LLCs
    5. Joint Tenancies, Income Tax Basis, and Estate Tax Treatment
    6. Second Marriage Planning
    7. Gifting Strategies
  7. Legal Ethics in Estate Planning
    3:30 - 4:30, Eric A. Feldhake
    1. Who is Your Client?
    2. Joint Representation and Conflicts of Interest
    3. Attorney Fees and Client Trust Accounts
    4. Attorney Technology Competence
    5. Guarding Confidentiality

Materials Due Date: 07/08/2024


Materials

Attendees love sample forms! If you can think of any templates, checklists, letters, agreements, provision language, reports, or legal and tax forms that are appropriate for your topic(s) - you are encouraged to provide them.

Event Materials Support

Email: eventmaterials@nbi-sems.com

Phone: (800) 777-8707



Alec R. Borenstein is counsel in the law firm of Pashman Stein Walder Hayden P.C.. He is in the firm's trusts and estates, corporate and business law, and commercial real estate practice groups. Mr. Borenstein's estate planning practice involves drafting wills and trusts, including revocable trusts, grantor trusts, and charitable trusts. He also advises business owners on business and succession planning, including operating agreements, shareholder agreements, and commercial leases. Mr. Borenstein is currently pursuing an LL.M. degree in taxation at Loyola Law School. He earned his B.A. degree from Columbia University and his J.D. degree from Loyola Law School. Mr. Borenstein is admitted to practice in New Jersey and New York.

Daniel Del Collo III is the owner of The Law Office of Daniel Del Collo, III, where he concentrates his practice in the areas of estate planning, estate administration, and elder law, including the drafting of wills, trusts and special needs, guardianships, Medicaid planning, powers of attorneys, and advanced medical directives. His elder law clients also call upon him to handle personal injury, real estate and business law matters. Mr. Del Collo also provides counsel to individuals and families with loved ones suffering from varying types and degrees of dementia such as Alzheimer's, Parkinson's, Huntington's, and other neurological diseases. He earned his B.A. degree from Haverford College and his J.D. degree from Rutgers School of Law-Camden.

Eric A. Feldhake is a shareholder with the law firm of Kulzer & DiPadova, P.C., where his areas of practice include estate and tax planning, administration, litigation, and real estate and business transactions. He is licensed to practice in the state of New Jersey, Commonwealth of Pennsylvania, United States Tax Court, and United States Supreme Court. Mr. Feldhake is also a member of the American, New Jersey State, Camden County, Burlington County and Cape May County bar associations. He is an adjunct instructor of legal and financial aspects of entrepreneurship at Rowan University, and was an instructor of taxation at the Judge Advocate General Corps' LL.M. Graduate Program. He is a retired Officer in the U.S. Army and Naval Reserves, and Pennsylvania and Indiana National guards where he served for 32 years. Mr. Feldhake earned his B.S. degree from Indiana University; his M.B.A. degree from the Temple University Fox School of Business; and his J.D. degree and LL.M. degree in taxation from Temple University School of Law.

Christine L. Matus is the founding attorney at The Matus Law Group, LLC. She practices in the areas of estate planning and real estate. Ms. Matus has lectured to the public on various topics from special needs (estate) planning, tax issues to real estate, as well as to corporate organizations regarding non-profit rules and regulations. She is a contributing editor to Turning Point, a newsletter for the Filipino community in Ocean County. Ms. Matus has also co-authored articles on the topics of elder law, Including Nursing Home Bill of Rights and OBRA 1993 the Omnibus Reconciliation Act of 1993, concerning long-term care for the elderly and disabled, published by the New York State Bar Association. She earned her B.A. degree from Rutgers, The State University of New Jersey-Douglass College; and her J.D. degree from Touro University Jacob D. Fuchsberg Law Center. Ms. Matus is a member of the New Jersey State Bar Association and Board of Trustee of the Ocean County Bar Association. She is also a member of the Asian Pacific American Lawyers Association and the American Bar Association, where she serves on its Advisory Panel.

Kevin F. Murphy is a member of the Roseland law firm of Lum, Drasco & Positan, LLC, where his main areas of practice are taxation, limited liability companies, estate planning, trusts and estates, ERISA, employee benefits, and nonprofit organizations law. Mr. Murphy has lectured to various professional groups on tax topics, and he is an adjunct professor at Fairleigh Dickinson University in the M.S. tax program. He is a member of the New Jersey State (member, Taxation, Employee Benefits, Real Property, Probate and Trust Law sections) and American (member, Taxation and Employee Benefits sections) bar associations, and the Northern New Jersey Estate Planning Council. Mr. Murphy earned his B.B.A. degree from the University of Notre Dame and his J.D. degree from Seton Hall University.

Joseph A. Romano is an attorney in the New Jersey office of Lowenstein Sandler LLP. He represents high-net-worth clients in complex trust and estate planning aimed at the preservation of wealth and the maximization of tax benefits. Mr. Romano's practice focuses on the creation of sophisticated wills and trusts, such as grantor retained annuity trusts (GRATs), delaware incomplete gift non-grantor trusts (DINGs), and irrevocable life insurance trusts. In addition, he has assisted in the formation of tax-exempt organizations, as well as drafted and reviewed a variety of business planning and succession agreements. Mr. Romano also represents clients in tax controversies before the Internal Revenue Service and the state of New Jersey; on estate and gift tax matters; on payroll tax-related appeals and negotiations; and on collection alternatives for businesses and individuals alike, including offers in compromise and installment agreements. He earned his B.S degree from Bentley University, his J.D. degree from Seton Hall University School of Law, and his LL.M. degree from New York University School of Law. Mr. Romano is admitted to practice in New Jersey and Florida.

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Phone: (866) 240-1890

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Event Materials Support

Email: eventmaterials@nbi-sems.com

Phone: (800) 777-8707