Estate Planning 101: Key skills for new practitioners

John Bunge
John Bunge
Holland & Knight

John Bunge is a tax and private wealth services partner in Holland & Knight's Nashville office.

Christie Tournet
Christie Tournet
Christie Tournet & Associates, LLC

Prior to becoming a trusted counselor, Christie Tournet earned over a decade of experience in the Louisiana construction and real estate industries.

Live Video-Broadcast: June 20, 2024
Estate Planning 101: Key skills for new practitioners

$245.00 3 hour CLE

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Program Summary

Session I - Strategic Disclaimers: Enhancing estate planning efficiency and flexibility – John Bunge

The strategic use of disclaimers in estate planning will be discussed, including creating plans that contemplate a disclaimer, using disclaimers for post-mortem planning without pre-planning, and use of disclaimers in lifetime and trust transfers. This session will cover basic legal requirements for disclaimers, tax considerations, and creditor protection and other state law considerations. We will also address common traps and issues that arise in disclaimer planning.

Key topics to be discussed:

  • State law legal requirements and comparison to tax law requirements
  • Drafting estate plans that contemplate potential disclaimers and comparison to other structures
  • Disclaimers as post-mortem planning (without “pre-planning”)
  • Creditor protection considerations
  • Practical considerations, including family dynamics and relationships

Session II - Estate Planning 101: Key skills for new practitioners – Christie Tournet

Whether you're embarking on your journey as a fresh legal professional or seeking to expand your expertise in estate planning, this session offers invaluable insights into the foundational principles and essential skills necessary for success in the field. We'll delve into the fundamental concepts of estate planning. Through practical examples and expert guidance, attendees will gain a comprehensive understanding of the legal framework surrounding estate planning and learn practical techniques to navigate complexities, communicate effectively with clients, and build a solid foundation for their legal practice. Join us as we embark on this educational journey to equip you with the tools and knowledge to excel in estate planning.

Key topics to be discussed:

  • Estate Planning Basics
  • Fundamental Estate Planning Documents
  • Understanding Probate
  • Estate Tax Basics
  • Asset Titling and Ownership
  • Beneficiary Designations
  • Estate Planning for Blended Families
  • Special Needs Planning
  • Business Succession Planning
  • Ethical Considerations in Estate Planning
  • Client Communication and Counseling
  • Recent Developments and Trends in Estate Planning

Date / Time: June 20, 2024

  • 11:00 am – 2:20 pm Eastern
  • 10:00 am – 1:20 pm Central
  • 9:00 am – 12:20 pm Mountain
  • 8:00 am – 11:20 am Pacific

Closed-captioning available

Speakers

John Bunge_myLawCLEJohn Bunge | Holland & Knight

John Bunge is a tax and private wealth services partner in Holland & Knight’s Nashville office. John helps clients navigate the confluence of tax planning, business succession planning and estate planning, and seeks to find the most elegant solutions possible to reach their goals.

John helps clients reach their charitable goals, using charitable giving techniques to minimize income, estate and gift taxes, and advising clients on the formation and operation of tax-exempt organizations, including private foundations.

He also counsels families regarding the formation, structuring and operation of family offices and private trust companies.

Additionally, John helps clients minimize income taxes through individual, partnership and corporate tax planning. He also has experience assisting taxpayers through IRS audits, appeals and U.S. Tax Court litigation.

 

Christie L. Tournet_Christie Tournet & Associates, LLC_myLawCLEChristie Tournet | Christie Tournet & Associates, LLC

Prior to becoming a trusted counselor, Christie Tournet earned over a decade of experience in the Louisiana construction and real estate industries. Christie created business plans that secured debt, equity, and grant financing; she performed job-cost accounting and project management; and she oversaw all aspects of office management and human resources in that endeavor.

Christie attended Loyola University in New Orleans and majored in Economics and International Business with a minor in Spanish. Christie graduated summa cum laude and earned both the Bank of Louisiana Award for the Outstanding Economics Graduate and the World Trade Center Award for the Outstanding International Business Graduate.

Prior to pursuing her Juris Doctorate at Loyola University, Christie became a Louisiana Notary Public. Then, while attending law school, Christie continued to work full time and she received the LaNasa-Greco endowed scholarship in her second and third years of law school as well as the Loyola Law Excellence Award in Probate.

Before passing the Louisiana Bar, Christie also attained a Louisiana real estate salesperson license. She then worked for a large, regional defense firm in workers’ compensation and construction defense and estate planning and estate administrations until she started her own practice.

Christie’s hands-on experience in business management, real estate, and the legal industries permits her to appreciate her clients’ issues through a unique lens. Christie enjoys meeting with her clients to gain an
understanding of their unique concerns to tailor estate plans specific for that client. We also work with Succession Representatives, Tutors, and Trustees to provide experience, guidance, and results.

Agenda

Session I – Strategic Disclaimers: Enhancing estate planning efficiency and flexibility | 11:00am – 12:40pm

  • State law legal requirements and comparison to tax law requirements | 11:00am – 11:30am
  • Drafting estate plans that contemplate potential disclaimers and comparison to other structures | 11:30am – 12:00pm

Break | 12:00pm – 12:10pm

  • Disclaimers as post-mortem planning (without “pre-planning”) | 12:10pm – 12:20pm
  • Creditor protection considerations | 12:20pm – 12:30pm
  • Practical considerations, including family dynamics and relationships | 12:30pm – 12:40pm

Session II – Estate Planning 101: Key skills for new practitioners | 12:40pm – 2:20pm

  • Estate Planning Basics | 12:40pm – 12:47pm
  • Fundamental Estate Planning Documents | 12:47pm – 12:54pm
  • Understanding Probate | 12:54pm – 1:01pm
  • Estate Tax Basics | 1:01pm – 1:10pm

Break | 1:10pm – 1:20pm

  • Asset Titling and Ownership | 1:20pm – 1:27pm
  • Beneficiary Designations | 1:27pm – 1:34pm
  • Estate Planning for Blended Families | 1:34pm – 1:41pm
  • Special Needs Planning | 1:41pm – 1:48pm
  • Business Succession Planning | 1:48pm – 1:55pm
  • Ethical Considerations in Estate Planning | 1:55pm – 2:02pm
  • Client Communication and Counseling | 2:02pm – 2:09pm
  • Recent Developments and Trends in Estate Planning | 2:09pm – 2:20pm