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Taxing Matters: Income Taxation of Trusts, Estates and Inherited Retirement Accounts
Original Program Date :
This program will cover the following topics:
1. Fiduciary Income Tax - So you have a foundational knowledge of Fiduciary Income Taxation. Want to learn more?
- How is taxable income from a business handled under the fiduciary accounting income (FAI) and distributable net income (DNI) rules? What about Phantom income?
- When and how do the separate share rules apply, and how are expenses allocated?
- How does all this get reported on a 1041?
- What are some of the state tax nuances related to estates and trusts, including determining situs for state tax filing?”
2. Secure Act 1.0 and 2.0
- Impact of the Secure Act on estate planning for retirement benefits, including proposed (hopefully final by March) regulations
- Drafting for trusts receiving large retirement plans and choice of conduit v. accumulation v. non-qualifying trust
- Building in flexibility and capitalizing on post-mortem opportunities to amend trusts
- Secure 2.0 Act sections that affect planning for conduit trusts, AMBTs (special needs trusts) and QCD changes
- Rise of the Roth – why Roths will only grow more after Secure 2.0 – how to draft and plan differently for them
Chairs:
TJ Ryan, Frazer Ryan Goldberg & Arnold LLP
Robin Miskell, Snell & Wilmer LLP
Faculty:
Jim Lee, Fennemore Craig PC
Ed Morrow, Huntington National Bank
Program is also available in-person, please click link below to be directed to in-person registration:
https://azbar.inreachce.com/Details/Information/6a00710e-3051-477b-a14a-781810a62278
T J Ryan, Senior Partner, Frazer Ryan Goldberg & Arnold LLP
T. J. Ryan is a senior partner with the law firm of Frazer Ryan Goldberg & Arnold, LLP, in Phoenix. T.J.'s practice encompasses virtually all aspects of estates and trusts, including estate and business planning, probate and trust administration, and litigating contested issues related to estates and trusts. An AV Preeminent rated attorney by Martindale-Hubbell, Best Lawyers in America selected T.J. as "Lawyer of the Year" in Trust Litigation for 2015. In 2017, the American College of Trust and Estate Counsel (ACTEC) named T.J. as a Fellow of the college. T.J. received his law degree from the James E. Rogers College of Law at the University of Arizona in 2002, after graduating with a BBA from Baylor University in Waco, Texas. Along with colleagues Darren Case and Brent Nelson, T.J. is the co-author of the Arizona Estate Planning and Probate Handbook, published by Thompson Reuters as a part of the Arizona Practice Series. T.J. has assisted with the editing of the Arizona Probate Practice Manual and the Arizona Attorneys’ Fees Manual (both publications of the Arizona State Bar) and served on the Task Force which revised the Arizona Rules of Probate Procedure in 2017-2019. T.J. served as the President of the Maricopa County Bar Association in 2015. T.J. is a native of Phoenix, Arizona who enjoys golf, Crossfit™, baseball, and spending time with his wife and two sons.
Robin L Miskell, Counsel, Snell & Wilmer LLP
, a partner at Snell & Wilmer L.L.P. in Phoenix, is a Certified Estate and Trust Law Specialist through the State Bar of Arizona, a fellow of the American College of Trust and Estate Counsel, as well as a leader in the field of Private Wealth Law as deemed by Chambers High Net Worth (HNW) Guide (2018 - 2021). Robin was also named as one of the "Best Lawyers in America" for Trusts and Estates (2020- 2021). Robin practices primarily in the areas of estate planning, probate and trust administration, taxation and exempt organizations. She offers estate planning services for all ranges of financial situations, for married couples and single persons, with a variety of estate planning tools. Robin is experienced in drafting complex trust agreements, gift tax and estate tax returns, creating charitable organizations and dealing with uncontested probate administration cases. Robin received a B.S. degree, with honors, in Civil Engineering from the University of Texas, and a J.D. degree from the University of Texas. Robin is this year's Chairperson for the Executive Council of the State Bar of Arizona's Probate and Trust Section and a member of the State Bar of Arizona Estate and Tax Law Advisory Commission.
Terry James Lee, Fennemore Craig PC
T. JAMES ("JIM") LEE is the leader of the family office and private client attorneys at the law firm of Fennemore Craig. He specializes in estate planning and related areas such as business design and structuring, and commercial transactions. Jim earned his undergraduate and law degrees from Brigham Young University, where he was a member of the law review. He is a Fellow in the American College of Trust & Estate Counsel. Jim is admitted to practice in Arizona and Utah.
