Trust Conference
Agenda
*All times listed below are in PDT
| Monday, October 19 | |
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| Virtual Exhibition Hall and Networking Rooms ALWAYS OPEN! |
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| 6:00 AM – 7:00 AM | A Delaware Update: Legislation, Cases, and Trends Jocelyn Margolin Borowsky Partner Duane Morris LLP Gregory J. Weinig Partner Connolly Gallagher LLP |
| 7:00 AM – 7:10 AM | Break |
| 7:10 AM – 8:10 AM | Trust Ethics - Ethical Issues in Planning for the Modern Family Lauren J. Wolven Partner, Trust & Estates Group Levenfeld Pearlstein, LLC |
| 8:10 AM – 8:20 AM | Break |
| 8:20 AM – 9:20 AM | Perspectives from In-House Trust Counsel Peter S. Gordon Director Gordon, Fournaris & Mammarella, P.A. Susan Snyder Trust Counsel and Deputy General Counsel Northern Trust Neil Derman Administrative Vice President Wilmington Trust Michael R. Stein Managing Senior Counsel PNC Bank, National Association Aileen Denne-Bolton SVP, Institutional Trust Services Brown Brothers Harriman & Company |
| 9:20 AM – 11:00 AM | Lunch Break – Networking |
| 11:00 AM – 12:00 PM | Ethical Leadership Dr. Tony Allen President Delaware State University |
| 12:00 PM – 12:10 PM | Break |
| 12:10 PM – 1:10 PM | Interactive Split Sessions |
| Trust Terminations – To Release or Not To Release and other Trustee Concerns! Thomas Forrest President & CEO U.S. Trust Company of Delaware Edwin Morrow III Regional Wealth Strategist U.S. Bank Private Wealth Management |
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| Onshore v. Offshore APT Speaker TBA |
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| Community Property Trisha W. Hall Partner Connolly Gallagher LLP Colleen Barney President Albrecht & Barney |
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| Fiduciary Litigation Speaker TBA |
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| 1:10 PM – 1:20 PM | Break |
| 1:20 PM – 2:50 PM | The Life Changing Magic of Grantor Trusts Samuel A. Donaldson Professor of Law Georgia State University |
| Tuesday, October 20 | |
| Virtual Exhibition Hall and Networking Rooms ALWAYS OPEN! |
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| 6:00 AM – 7:30 AM | The Past Year’s Most Significant, Curious, or Downright Fascinating Fiduciary Cases Dana G. Fitzsimons, Jr. Principal, Senior Fiduciary Counsel Bessemer Trust |
| 7:30 AM – 7:40 AM | Break |
| 7:40 AM – 9:10 AM | Wealth Planning for a Brave New World: It’s All In the Family…What’s a Family? R. Hugh Magill Vice Chairman The Northern Trust Company |
| 9:10 AM – 11:00 AM | Lunch Break – Networking |
| 11:00 AM – 12:30 PM | Interactive Split Sessions |
| Industry Insights on Discretionary Distributions Cynthia D.M. Brown President Commonwealth Trust Company Francis Hazeldine Managing Director Trust Administration and Tax Charles Schwab Trust Company of Delaware |
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| International Planning – Case Studies Tama Brooks Klosek Managing Member Klosek & Associates PLLC Natalia Murphy Head of Trust and Wealth Planning for North America Citi |
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| Best Practices Administering Trusts with Special Assets Phoebe Papageorgiou American Bankers Association Mark Doyle Principal, Fiduciary Counsel Bessemer Trust Company of Delaware, N.A. Matthew P. D’Emilio Managing Member McCollom D’Emilio Smith Uebler LLC |
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| 12:30 PM – 12:40 PM | Break – Governor’s Hall with Exhibitors |
| 12:40 PM – 1:40 PM | International Planning Jurisdiction Specific Speaker TBA |
| 1:40 PM – 2:40 PM | Demystifying Distributable Net Income (DNI) Jere Doyle Senior Vice President BNY Mellon Wealth Management |
| On Demand - Available through November 30th | |
| Pushing the Envelope: Flexible Trust Laws Seeing More and More Uses David Diamond President The Northern Trust Company of Delaware Daniel Hayward Partner Gordon, Fournaris & Mammarella, P.A. |
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| Designated Representatives: You’ve Been Drafted and Sent To The Front Lines George Kern Regional Director Bessemer Trust Company of Delaware Vincent C. Thomas Partner Young Conaway Stargatt & Taylor, LLP |
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A Delaware Update: Legislation, Cases, and Trends
A look at recent Delaware legislation and cases affecting trusts, and a discussion of contemporary trends spotted in the industry.
Trust Ethics – Ethical Issues in Planning for the Modern Family
In a world where communication is instantaneous, nuclear family and gender definitions are constantly evolving, and drugs once illegal are now in wide and open semi-legal use, estate planning advisors are throttled with new and surprising ethics issues. This presentation will address ethics pitfalls, the importance of cultural awareness and practical methods for establishing boundaries with clients.
Perspectives from In-House Trust Counsel
A panel of in-house counsel will share their unique perspectives on trust administration topics, and will be moderated by an experienced Delaware attorney.
Ethical Leadership
Creating a contemporary organization by enhancing economic inclusion, promoting greater diversity and opening the doors of opportunity for all.
Trust Terminations – To Release or Not To Release and other Trustee Concerns!
The session will cover the various aspects of terminating a trust. Some of the questions addressed include: when or if releases or refunding agreements are required, who prepares final income tax returns if distributed to successor trustee, are there termination fees? What percentage reserve do trustees retain for fees and taxes?
Community Property
A discussion about the practical considerations involved when transferring community property to a Delaware trust from the perspectives of attorneys practicing in California and Delaware.
The Life Changing Magic of Grantor Trusts
The income tax rules governing grantor trusts, the centerpiece of most estate plans, have been around for over 65 years, and yet there are still very basic questions for which there are no answers. This session asks and answers those questions, including the best powers for creating grantor trusts, the ability to “toggle” grantor trust status, and situations for exercising a power to substitute assets.
The Past Year’s Most Significant, Curious, or Downright Fascinating Fiduciary Cases
This session will review recent cases from across the country to assist fiduciaries and their advisors in identifying and managing contemporary challenges.
Wealth Planning for a Brave New World: It’s All In the Family…What’s a Family?
The structure of the American family has changed dramatically in the last few decades, presenting creative opportunities to develop estate plans and design trusts that will best serve the needs of contemporary families. This presentation will examine generational attributes, the changes in marriage and family structure, and their implications for estate planning, trust design, and family collaboration and decision making.
Industry Insights on Discretionary Distributions
A candid conversation with trust professionals about the differing perspectives on discretionary distributions considering the corporate risk frameworks, regulatory environment, and exercise of fiduciary duty.
International Planning – Case Studies
A review of international client scenarios, including a discussion of how they ultimately led to the planning structures and jurisdictions selected.
Best Practices Administering Trusts with Special Assets
Delaware law offers substantial investment flexibility with establishing directed trusts that allow corporate trustees to feel comfortable holding special assets. However, with this great power comes many unique challenges. This discussion will suggest best practices and regulatory requirements for onboarding, review and administration of trusts with special assets.
Demystifying Distributable Net Income (DNI)
This session will discuss what DNI is, why it is important, how to calculate DNI, how it is reported on a fiduciary income tax return. In addition, we will review how DNI is allocated among the beneficiaries of an estate or trust under the tier system, the separate share rule, the 65 day rule, how specific bequests are treated and planning opportunities using a Section 643(e) election.
Pushing the Envelope: Flexible Trust Laws Seeing More and More Uses
(On-Demand Session)
Are modern flexible trust provisions being used in ways not originally envisioned? When are beneficiaries and fiduciaries, and their counsel, seeking to “push the envelope” too far? This presentation will discuss the various ways of modifying trusts, the typical historical uses, tax and fiduciary responsibility implications, and the recent trends for more drastic changes.
Designated Representatives: You’ve Been Drafted and Sent To The Front Lines
(On-Demand Session)
The panel will discuss the mechanics of Code Sections 3303 and 3339, properly drafting silent trusts, and practical issues for designated representatives, grantors, and other fiduciaries.
Registration
Full Access Pass
Members – Early-Bird $599 ($899 after 8/31/20)
Non-Members – Early-Bird $999 ($1,299 after 8/31/20)
Sponsorship Information
All sponsors receive the basic package including:
- Recognition on conference materials, website and mobile app
- Contact list for all registrants
- Recognition in the Fall ‘20 issue of Delaware Banker magazine.