Trust Planning 101 for Attorneys: Drafting techniques, various types of trusts, business formations, grantor trusts, and traps to avoid

Robert S. Barnett | Capell Barnett Matalon & Schoenfeld LLP

Robert S. Barnett, JD, Masters (Taxation), CPA, is a founding partner of Capell Barnett Matalon & Schoenfeld LLP, Attorneys at Law. His practice is highly concentrated in the areas of taxation, trusts, estates, corporate and partnership law and charitable planning. His experience includes Surrogate’s Court practice, tax dispute resolution, and Tax Court representation. Mr. Barnett frequently assists clients in structuring financial transactions and charitable gifts.

Mr. Barnett applies creative and practical solutions to estate and business planning. He has served on many committees and is a frequent lecturer on numerous aspects of tax and business law. He is an active participant and serves on many professional and charitable boards.

Mr. Barnett is a frequent lecturer and writer. His articles and lectures encompass a wide variety of topics, including business succession, estate planning, charitable planning, generation-skipping, stock options, effective strategies for removing tax liens, business taxation, utilization of the marital deduction, and utilization of partnership elections.

Mr. Barnett received his juris doctor in 1986 from Fordham University, where he graduated cum laude and was a member of the Fordham Law Review. He graduated magna cum laude from Hofstra University, where he received his Bachelor’s degree in accounting. Mr. Barnett holds a Master’s degree in taxation as the recipient of the highest dean’s award. Mr. Barnett is admitted to practice law in New York, Virginia and Washington, D.C

Lawrence M. Lipoff | CohnReznick LLP

Lawrence M. Lipoff, CPA, TEP, CEBS, is a Director in CohnReznick’s Trusts and Estates Practice, based in the firm’s New York office. With more than 35 years of experience, Larry specializes in the delivery of domestic and international private client services to enable high-networth individuals and families to maximize their new or generational wealth. Larry provides strategic advice to his clients and their closely held businesses in the areas of income tax planning and compliance, estate planning and administration services as well as family structure consulting.

Through many years in practice, he synthesized the work of various related professionals, and their firms integrate several planning strategies into solutions that maximize value. He is a frequent lecturer and author of articles published through professional forums on topics including 1041/706/709/3520 & 3520-A returns, domestic and international estate planning and administration as well as domestic and international fiduciary income taxation including foreign trust attribution rules, grantor charitable lead trusts, business succession, generation-skipping transfers, Chapter 14 and carried interest estate planning for private equity and hedge fund principals, life insurance including private placement life insurance and asset protection planning.

I. Discussion of Trust Form and Function | 2:00pm – 2:20pm

II. Key Income Tax Planning Strategies | 2:20pm – 2:40pm

III. Partnership, S Corporation and Business Provisions | 2:40pm – 3:00pm

Break | 3:00pm – 3:10pm

IV. Maximize Grantor Trust Benefits | 3:10pm – 3:30pm

V. How to Utilize Multi-Generational Planning | 3:30pm – 3:50pm

VI. Traps & New Green Book Proposals | 3:50pm – 4:10pm