ESTATE PLANNING COUNCIL OF PORTLAND, INC.

Planning Strategies Worth Stealing

Planning for Unique and Problematic Assets

After a client’s death, a fiduciary may discover that the decedent owned some unusual assets – art, gun, planes, wine and cannabis - to name just a few. Each of these assets requires special attention in order to avoid waste. This presentation will explore some of the ways to plan for the client with unusual and potentially regulated assets. This session will also examine issues in estate and trust administration where cannabis and firearms are involved. Fiduciaries, their attorneys and their other advisors can easily make expensive, and potentially illegal, mistakes concerning the administration and transfer of unusual and regulated assets, during the planning phase and at the time of estate administration. This session is intended to highlight planning opportunities and help avoid some of those missteps.

Not Too Rich, Not Too Poor: Goldilocks Planning for the Middle-Rich Clients Who Need Our Help

Planning for clients who are too rich to keep everything and too poor to transfer everything remains an estate planning challenge. These clients typically lack family offices that can help implement and oversee our most complex planning, yet oftentimes it is just that planning that the client needs. And, of course, the clients need everything else too – charitable planning, asset protection, retirement plan thinking, preserving the family farm and vacation cabin, and so on. We will discuss intelligent, implementable, and interesting ideas for the Middle-Rich (even if we can’t quite define who they are).

The Five Key Financial Planning Trends That Will Impact Charitable Giving

As the world of financial planning evolves, this session will explore the five key trends that will have the greatest impact on philanthropic giving in the near term: business succession; the rise of crypto and alternative asset classes; rising interest rates; ESG Investments; and advanced tax planning. Attendees will gain an understanding of each trend and how clients may be responding to each trend. Attendees will leave the session armed with specific, actionable strategies to address client concerns within each trend.

The Corporate Transparency Act: Coming to a Family Entity (Very) Near You

The beneficial ownership reporting requirements ofthe Corporate Transparency Act (CTA) become effective on January 1, 2024. The CTA requires the disclosure to FinCEN of the names, physical addresses and other personal information for individuals who control or own more than 25% of many legal entities. With regard to newly created entities, the same information must be provided about the attorneys, paralegals or other persons filing entity formation paperwork. This program will provide the most critical information that practitioners need to know to prepare themselves and their clients for the CTA. with important tips on how to ease the burden of CTA compliance and avoid penalties.

Oregon Updates

Washington State Updates

Federal Updates