Posts Categorized: Program Recap

BBA Trusts & Estates Section Program Recap – June through October 2012

Over the summer and in September and October 2012, the Boston Bar Association’s Trusts & Estates Section offered several educational programs on timely topics and developments in trusts and estates law. In addition, the Family Law Section together with the Association’s Trusts & Estates Section sponsored two programs discussing the proposed Elective Share Statute. Below is a summary of the programs.
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Proposed Massachusetts Spousal Elective Share 

October 19, 2012
The program reviewed the workings of the proposed Massachusetts Spousal Elective Share statute and provided a forum for discussion. The proposed Massachusetts Spousal Elective Share statute is being considered by Boston Bar Association and this Brown Bag program provided an opportunity for members of the bar to learn more about the proposed statute and provide feedback.
Sponsoring Section/Committee: Family Law Section, Estate Planning Committee
The program materials can be found here.
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CLE – When the Rubber Meets the Road: How the MUTC and MUPC Will Work in Practice 

October 3, 2012
This cutting edge program addressed the many issues that may arise in drafting and administering trusts under the new MUPC and MUTC. Specifically, the panel of experienced practitioners discussed salient provisions in the new laws, explained practical implications of the new laws for practitioners and trustees, and explored aspects of the law that remain unclear or which may represent traps for the unwary.
Sponsoring Section: Trusts & Estates Section
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First Wednesday Fundamentals: Estate, Gift and GST Tax Basics for the New Estate Planner 

October 3, 2012
This is the first part in a year-long series of monthly discussions designed to provide new and transitioning practitioners a core set of tools necessary to practice in the areas of estate planning and probate administration.  The series will cover substantive legal aspects of the practice, as well as practice tools, management and marketing concepts necessary to build a successful Trusts and Estates practice.
This first session provided a basic overview of the estate, gift and GST taxes.  Speaker Geoffrey Mason of Ropes & Gray explained the scope of the taxes and how they drive certain aspects of the estate planning process.  The session provided attendees with a framework for the second session on drafting basic estate planning documents.
Sponsoring Committees: Practice Fundamentals Committee, New Lawyers Practical Skills Committee
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Drafting Considerations Under the Massachusetts Uniform Trust Code 

September 28, 2012
With the implementation of the Massachusetts Trust Code, estate planning professionals once again need to consider the impact of a substantive piece of legislation on not only their standard forms, but also on the tools now available under the statute to assist clients in structuring estate plans.  This brown bag lunch highlighted how and when you might wish to update your estate planning forms, as well as addressed new concepts such as pet trusts, purpose trusts and directed trustees.
Sponsoring Committee: Estate Planning Committee
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MUPC: Practical Issues & Tips 

September 20, 2012
The Elder Law & Disability Planning Committee discussed the MUPC, it’s implementation in the various probate courts, and valuable information that attorneys should know about the MUPC prior to filing any documents.
Sponsoring committees: Elder Law and Disability Planning Committee
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Proposed Spousal Elective Share Statute 

September 19, 2012
A distinguished panel including all the members of the Ad Hoc Committee on the Spousal Elective Share lead a discussion of the proposed statute, explaining how it would work, taking feedback, addressing concerns and answering questions.  The panel discussion was followed by a one-hour informal session, where attendees were able to network and discuss the proposed statute with each other and the panelists.  The proposed statute can be found here.
Sponsoring Sections: Trusts & Estates Section, Family Law Section
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CLE – Trusts & Estates Year in Review 2012 

June 13, 2012
An annual hit among estate planning practitioners, this seminar offered the rare opportunity to learn about the past year’s significant developments in Massachusetts and federal laws that affect your estate planning practice. The panelists covered Massachusetts legislative developments, and reviewed significant tax and state law cases and regulations between June 2011 and June 2012.
Sponsoring Section: Trusts & Estates Section
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Life Insurance Basics: From Planning to Purchase 

June 6, 2012
This program addressed some of the most basic and fundamental questions relating to life insurance planning including the various types of insurance products in the market and how to understand an in-force illustration.  The panelists outlined some significant estate planning issues including life insurance trusts, Crummey Notices, transfer for value rules, and grantor trust considerations.
Sponsoring Committee: Practice Fundamentals Committee
For a schedule of upcoming programs, visit the Boston Bar Association’s online calendar.

BBA Trusts & Estates Section Program Recap – April & May 2012

In April and May 2012, the Boston Bar Association’s Trusts & Estates Section offered several educational programs on timely topics and developments in trusts and estates law. In addition, the Boston Bar Association’s Title & Conveyancing and New Lawyers Practical Skills Committees offered a program of special interest to estate planning attorneys.  Below is a summary of the programs.
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CHARITABLE PLANNING OPPORTUNITIES
Wednesday, April 4, 2012
Speaker Donald Etheridge of Harvard Business School provided a broad overview of charitable planning techniques, including split interest gifts such as CLATs and CRUTs, helping participants to understand when these gifts may be appropriate for clients and providing useful insights on how to evaluate which techniques may be most appropriate.
Sponsoring Committee:  Practice Fundamentals Committee
THE NEW MASSACHUSETTS UNIFORM PROBATE CODE: WHAT REAL ESTATE ATTORNEYS NEED TO KNOW
Thursday, April 26, 2012
The balance of the Massachusetts Uniform Probate Code became effective on March 31, 2012. How does the new MUPC affect probate real estate transactions?  Attorneys Amanda Zuretti of CATIC and Zachary Allen of David Marshall Datz, PC addressed what attorneys need to know about testate and intestate succession, guardianships, conservatorships and durable Powers of Attorney under the new regime.
Program materials can be found here.
THE BASICS OF ESTATE PLANNING WITH RETIREMENT BENEFITS
Wednesday, May 2, 2012
Attorney Suma V. Nair of Goulston & Storrs, PC provided an overview of estate planning with retirement benefits, including a discussion of the most effective ways to make retirement benefits payable to trusts, traps for the unwary, the practical issues that arise when it comes time to implement beneficiary designations, and a discussion of Roth IRA conversions and what to consider when advising whether to pursue them.
Sponsoring Committee: Practice Fundamentals Committee
Program materials can be found here.
ESTATE PLANNING FOR INTELLECTUAL PROPERTY
Friday, May 4, 2012
Trademark and copyright attorney Lucy Lovrien and estate planning attorney Nancy Dempze of Hemenway and Barnes LLP discussed how to handle estate planning for intellectual property assets.
DRAFTING TRUSTS IN LIGHT OF THE MASSACHUSETTS UNIFORM PROBATE CODE AND UNIFORM TRUST CODE
Friday, May 18, 2012
Both the Massachusetts Uniform Probate Code and the Massachusetts Uniform Trust Code contain provisions that affect the administration of trusts. While the majority of these provisions can be overridden by the terms of the trust instrument under the Massachusetts Uniform Trust Code, this is less clear under the Massachusetts Uniform Probate Code.  Attorneys Eric P. Hayes and Jennifer Locke of Goodwin Procter LLP, Shira Sokal of Ropes & Gray LLP and Jane M. Dewey of U.S. Trust, Bank of America Private Wealth Management discussed various provisions that practitioners may want to consider in drafting trusts and/or may want to discuss with their clients.
Sponsoring Committee:  Estate Planning Committee
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For a schedule of upcoming programs, visit the Boston Bar Association’s online calendar.

BBA Trusts & Estates Section Program Recap – January 2012

In January 2012, the Boston Bar Association’s Trusts & Estates Section offered three educational programs on timely topics and developments in trusts and estates law. Below is a summary of the programs.

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UNWRITTEN RULES OF THE PROBATE COURT
Wednesday, January 11, 2012

Probate Court insiders and seasoned practitioners Hon. Beverly Boorstein; Hon. Edward F. Donnelly Jr. and Jennifer A. Maggiacomo of Middlesex Probate and Family Court; Daniel J. Gibson of Suffolk Probate and Family Court; John Harney of Norfolk Probate and Family Court; and Eugene A. Nigro of Nigro, Pettepit & Lucas provided practical tips and guidance regarding Probate Court practice.

Sponsoring Sections: Administration of Justice Section, Family Law Section, and Trusts & Estates Section

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WHY ESTATE PLANNING IS STILL CRITICAL
Friday, January 20, 2012

Speakers Robert J. Morrill, Esq. and Brian Liberis of Gilmore, Rees & Carlson, P.C. focused on why it remains critical for people to undertake estate planning, even with the recent significant increases in the estate tax exemptions.

Sponsoring Committee: Estate Planning Committee

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GLBTQ SENIORS: LONG TERM CARE & ESTATE PLANNING
Tuesday, January 24, 2012

There remains unequal treatment of GLBTQ clients under law. A same-sex Massachusetts marriage is not recognized by the federal government for the purposes of estate taxes, social security or Medicaid. Planning for this community must address this dual tract status.

In addition, the life experience of older GLBTQ persons often makes their planning more challenging. They are more likely to have less family support and require documents that address specific social realities. Panelists Gail E. Horowitz, Esq., Ellen K. Wade, Esq. and Michelle LaPointe, Esq. of Wade Horowitz LaPointe, LLC, addressed the unique estate planning issues of aging GLBTQ clientele.

Sponsoring Committee: Elder Law and Disability Planning Committee

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For a schedule of upcoming programs, visit the Boston Bar Association’s online calendar.