8:30am   Opening remarks by the Chair.

8:35am   Current Developments.  This presentation will bring us up to date on recent developments (including legislation, regulations, judicial decisions, and rulings and other guidance from IRS) relevant to our practice area. Panelist:  David A. Berek, Frye Louis Capital Management Inc, Chicago, IL; Catherine V. Hughes, Attorney Advisor, Department of the Treasury, Washington, DC; Jennifer Stringer, McGuireWoods LLP, Richmond, VA.

9:05am   Estate Administration Expenses – 706 or 1041 Deductions?  The question of whether to take administration expenses as estate tax deductions or income tax deductions is not necessarily obvious, and the decision for each estate requires careful analysis and balancing of numerous factors, including the application of the “Hubert” regulations. Panelist: T. Randolph Harris, McLaughlin & Stern LLP, New York, NY.

9:45am   Family Limited Partnerships:  Current review of latest decisions regarding § 2036 issues and valuation issues. Panelist: Louis A. Mezzullo, McGuireWoods LLP, Richmond, VA.

10:15am   Legislative Update:  Will the transfer tax laws ever settle down?  The current state of affairs in Congress regarding changes to the transfer tax system and, possibly, a prediction of the nature of these taxes in the future. Panelist: Ronald D. Aucutt, McGuireWoods LLP, McLean, VA.

10:45am   Planning for Clients with Assets in Multiple Jurisdictions.  Although always an area for particular care and concern, since the decoupling of the state estate tax in many states, planning for clients with assets in multiple jurisdictions has become exceedingly complex- an analysis of the pitfalls. Panelist: Martin Hall, Ropes & Gray LLP, Boston, MA