Estate Planning Current Developments

Date: Thursday, March 3, 2022
Time: 4:30pm - 7:00pm
Location: TBA
Speaker: Steve R. Akers, Managing Director, Bessemer Trust Company
Join us on Thursday, March 3rd at 4:30 PM with Steve Akers at the Westin Cincinnati Fountain Room for an update on the current developments in Estate Planning.
 
Our presentation will be immediately followed by a networking happy hour.
 
We hope to see you there!
 
Board of Directors, Cincinnati Estate Planning Council
Event Details
 
Date:
Thursday, March 3, 2022
 
Time:
4:30 PM - Program Start
6:00 PM - Networking Happy Hour
7:00 PM - Adjourn
 
Cost:
Members - $35.00
Non-Member - $75.00
New Professional - $35.00
 
Location:
Westin Cincinnati
Fountain Room, 2nd Level
21 E. Fifth Street
Cincinanti, OH 45202
 
Deadline to Register:
Monday, February 28, 2022
Note: refunds will not be given for cancellations received after the deadline.
Presentation Description
This session examines a range of recent developments with an emphasis on their practical impact on planning for clients. The discussion includes, legislative developments (Build Back Better Act, Corporate Transparency Act), regulatory and administrative guidance (anticipated SECURE Act proposed regulations, new life expectancy tables for retirement plan distributions, new life expectancy tables), general planning issues (including trust modifications and FLP/LLC recurring issues), case law developments (including Smaldino v. CommissionerConnelly v. U.S., and CCA 202152018 regarding GRATs), and a wide variety of other developments. The discussion will include hot topics being raised in IRS estate and gift tax audits.
 
Learner Outcomes: Knowledge of anticipated legislative tax developments; understanding minimum distribution calculations for IRAs and retirement plans using new life expectancy tables; sensitivity to unanticipated income and transfer tax effects of trust modifications; dangers of indirectly making gifts “through” someone else; valuation dangers of buy sell agreement pricing provisions that are not binding on the IRS for estate tax purposes; valuation effects of corporate-owned life insurance to fund buy-sell agreements; and awareness of unprecedented IRS position regarding possible huge gift risks with GRATs if inappropriate appraisals are used to value contributions.  
 
2021-2022 Season Sponsor
We are proud to welcome the
Greater Cincinnati Foundation back as our season sponsor!
Hospitality Sponsor
Thank you to our Hospitality Sponsor for this event:
MCM CPAs & Advisors
 
 
APPROVED Cont. Education Credits
 
CFP
CPA
KY Legal
 
PENDING Cont. Education Credits
 
OH Insurance
OH Legal
About the Speaker
Steve R. Akers, JD
Managing Director
Bessemer Trust Company, N.A.
 
Steve R. Akers, JD, is a Managing Director with Bessemer Trust Company, N.A., in Dallas, Texas, where he is Senior Fiduciary Counsel and chairs the Estate Planning Committee.   
 
Mr. Akers is a member of the Advisory Committee to the University of Miami Philip E. Heckerling Institute on Estate Planning and is a frequent speaker at that Institute, as well as other estate planning seminars across the country.
 
He is a past Chair of the American Bar Association’s Section of Real Property, Trust & Estate Law.
 
He serves as Immediate Past President of the American College of Trust and Estate Counsel. He has previously served in a variety of roles with ACTEC including as a Regent, Chair of the Business Planning Committee, and Editor of the ACTEC Law Journal.
 
Mr. Akers is a past Chair of the State Bar of Texas Real Estate, Probate and Trust Law Section and of the Dallas Bar Probate, Trusts and Estates Section. 
 
Mr. Akers has received the Distinguished Accredited Estate Planner Award from the National Association of Estate Planning Councils, the Distinguished Probate Lawyer Lifetime Achievement Award from the State Bar of Texas Real Estate, Probate and Trust Law Section, and the Lifetime Achievement Award from the Dallas Bar Association Probate, Trusts & Estates Section.
 
Mr. Akers received his B.S. degree in Chemical Engineering from Oklahoma State University (1974) and his J.D. degree from the University of Texas School of Law (1977).

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