Thursday, November 19, 2020
9:00 AM - 10:00 AM
Limited Liability Companies: Selected Tax and Other Planning Issues

This presentation will address selected tax and other planning issues that can arise in connection with limited liability companies. The material will discuss certain tax and other issues surrounding the classification of limited liability companies as disregarded entities for tax purposes, whether initially or as a result of the reduction of ownership to a single member. The material will consider the conversion of a limited liability company that is initially taxed as a disregarded entity to a taxable entity form. The material will discuss uses and issues associated with single member limited liability companies in estate planning.

John Landry
10:05 AM - 11:20 AM
Recent Developments in Taxation of Interest to Estate Planners

Rebecca Hinton will be speaking on administrative and judicial developments in the areas of Federal gift and estate taxation, and charitable giving. The presentation will discuss regulatory and statutory developments in the past year, as well as provide an overview of federal tax decisions that address estate and gift valuation matters, the inclusion of assets within taxable estates, valuation discounts available when gifting, charitable gifting developments, and other matters relevant to estate planners.

Rebecca Hinton
11:25 AM - 12:25 PM
Estate Planning for Individuals with Moderate Wealth with Tax Considerations

Estate Planning for Individuals with Moderate Wealth with Tax Considerations addresses estate planning rules and techniques for individuals whose wealth may or may not require gift and estate tax planning. Given the future reduction of the basic exclusion amount for gift and estate tax (should Congress not take action) and with the opportunity given in the portability election, this CLE focuses on the tools you need to draft an estate plan for your client that is flexible and suitable for your client's needs. In addition, gift, estate and income tax planning considerations are taken into account with the goal of creating an estate plan that will not need to be modified in the future.

Rebecca Radford
1:15 PM - 2:15 PM

This presentation examines recent cases involving lawer misconduct, delivered with the intent that attendees will "learn from the mistakes of others." Both local and national cases are cited. Though the issues presented are serious ones, Professor Greg makes the presentation entertainining with his characteristic dry wit and charm.

Greg Smith
2:20 PM - 3:20 PM
Most professionalism codes speak to the relationship between and among lawyers: Be honest, Keep your word, Refrain from making statements of fact or law that are known to be untrue, Be on time, No ad hominem attacks, Improve the system of justice. No one can object to these concepts in principle, but they are harder to respect in practice. This, you may have noticed, is becoming increasingly true in American society today, where civil discourse (perhaps outside the courtroom?) is a rarity, partisanship is the order of the day, and tolerance for opinions and conduct with which one disagrees is a scarce commodity. In the face of such growing discontent, and particularly in the context of a profession that is inherently adversarial, how can we preserve civility? This presentation offers some thoughts.
Harry Philips
3:25 PM - 4:25 PM
Valuation Case Overview

This session will update participants on key tax and Louisiana state court cases with respect to business valuation. Select tax cases will address valuation discounts and the evolving landscape of “tax affecting” flow through entities. Louisiana cases will primarily focus on the applicability of valuation discounts in the wake of both the Cannon v. Bertrand Supreme Court decision and the Louisiana Business Corporation Act.

Jason Macmorran
Friday, November 20, 2020
9:00 AM - 10:00 AM
End of Life Planning: With Forms, 2020 Update
This presentation covers various drafting considerations for Medical POA’s and related documents. The materials include useful and adaptable forms. Topics covered include important drafting goals: multi-state enforceability, facilitating client autonomy, cultural sensitivity, and empowering surrogate decision makers. Recent legal and societal developments are also addressed.
Elizabeth Carter
10:05 AM - 11:20 AM
Recent Developments in Successions, Donations & Trusts

This presentation covers recent legislative and jurisprudential developments in Louisiana Successions, Donations, Trusts, Mandate, and Interdiction for the 2019-2020 year. Legislative developments include the 2020 Regular Legislative Session which included numerous updates to the Louisiana Trust Code, updates to the laws of forced heirship, and successions procedure changes.

Elizabeth Carter
11:25 AM - 12:25 PM
Secure Act: Rules & Planning

“The trick is to stop thinking of it as your money” – quote attributed to an IRS auditor. For many estate planning clients, one of the most significant assets is a retirement plan. It is imperative that attorneys discuss the opportunities, and pitfalls, inherent in planning with retirement accounts both during the client’s life and at death. This lecture will review the changes implemented by the CARES Act and the SECURE Act which affects plan participants, beneficiaries, RMDs, QCDs, and trusts.

Laura Fine
1:15 PM - 2:15 PM
Administering an Estate (the old fashioned way)

A review of the relevant code articles and cases detailing how to administer an estate when independent administration is not available.

Leslie Halle
2:20 PM - 3:20 PM
Special Needs Trusts & Administration

Special needs trusts and their management can be complex but well worth the effort for your clients. Drafting special needs trusts requires specialized and current knowledge, not only of the mandatory provisions but also the various public benefits programs they protect for the beneficiary, such as Medicaid and Supplemental Security Income. The topics covered will include First-Party and Third-Party Special Needs Trusts, and the differences between the two with emphasis on the special requirements for First-Party Special Needs Trusts. Also covered will be basic explanations of Medicaid and SSI issues that are relevant and an introduction to the complicated management of these trusts.

Joseph Gilsoul
3:25 PM - 4:25 PM
Who is Afraid of the Big, Bad Prenup?

This presentation will consider how matrimonial agreements function in the modern world.  We will outline topics for clients who are considering agreements and provide sample language.

Miriam Henry Rose Sher