WIN A FREE REGISTRATION!
(First time registrants only)
visit WWW.HITAXINSTITUTE.ORG for details

PAGE 5

WWW.HITAXINSTITUTE.ORG

WELCOME
Aloha and welcome to our Nation’s premiere tax and wealth transfer conference. Practitioners interested in keeping abreast of the latest
developments in tax and wealth transfer education are certain to welcome the opportunity to participate in the 61st Annual Hawaii Tax Institutesponsored by the Hawaii Tax Institute Foundation and Chaminade University of Honolulu. This year’s program provides unparalleled educationand professional development opportunities delivered by a diverse and distinguished faculty of recognized tax and wealth transfer authorities
with a positive approach to current and practical subjects.
While the Institute is designed primarily to serve as a forum where tax and wealth transfer oriented people may freely exchange ideas onpractical problems, professional status is not a prerequisite for registration. This program is designed for attorneys, accountants, financial
planners, planned giving professionals, bank and trust administrators, insurance agents, elder law specialists, non-profit administrators, wealthmanagement and family office professionals, enrolled agents, educators, and others who would benefit from high quality continuing education.
The highest level of learning has been the hallmark of prior Institutes and we shall endeavor to again maintain this standard.

JAPAN-US ALLIANCE PROGRAM
In our continuing efforts to expand our reach and to respond to the ever-changing needs of our wealth transfer profession, the Hawaii
Tax Institute Foundation and Chaminade University of Honolulu proudly welcome our wealth transfer professional colleagues fromJapan who will be participating in highly specialized and Japanese speaking only programs concurrently with and/or in addition to ourregular English-speaking program schedule.
CHINA-US ALLIANCE PROGRAM
In our continuing efforts to expand our reach and to respond to the ever-changing needs of our wealth transfer profession, the Hawaii
Tax Institute Foundation and Chaminade University of Honolulu proudly welcome our wealth transfer professional colleagues from
China who will be participating in highly specialized and Mandarin speaking only programs concurrently with and/or in addition to ourregular English- speaking program schedule.
KAMAAINA PROGRAM
We also want to extend an Aloha and welcome to our local wealth transfer professionals in the
Hawaiian Community participating in our important local and community based program.
INTERNATIONAL PARTICIPANTS
We also want to extend an Aloha and welcome to our international speakers and participants from
India, Malaysia, Singapore, South Korea, Taiwan and Vietnam.

For program descriptions or more information, please visit our website at hitaxinstitute.org.

Hawaii Tax Institute Foundation • P.O. Box 1381 • Honolulu, Hawaii 96807(808) 540-3931 www.hitaxinstitute.org
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H AWA I I TA X I N S T I T U T E C O M M I T T E E A N D M E M B E R S
I N S T I T U T E A D V I S O RY C O M M I T T E E*YAYOI ASHIKAGAManaging Partner
AOM Visa Consulting

KURT K. KAWAFUCHI
Former State Tax Director
Law Offices of Kurt Kawafuchi

CHARLES K.H. AU
Certified Public Accountant
Business Tax Advisors Hawaii

ERICA KEELEY
Trust Officer
First Hawaiian Bank

THOMAS G. CABRINHA
Certified Public Accountant
ECA, LLPMELANIE KING
Certified Public Accountant
CW Associates CPAs

JODI NOZOE CHANG
Managing Director Investment Officer
Wells Fargo Advisors*CHRISTINE A. KUBOTA
Attorney
Damon Key Leong Kupchak
Hastert** STACIE CHAU
Attorney
Holland & Knight**NA LAN
Attorney
Damon Key Leong Kupchak
Hastert**JUDY CHOCK
Certified Public Accountant
Ernst & Young, LLP*MOTOKI ENDO
Tax Accountant
Yamada & Partners Tax
Corporation*ALAN S. FUJIMOTO
Attorney
Goodsill Anderson Quinn &Stifel, LLP
HARUMI HATA
Attorney
Buchalter** CONNIE HE
Trust Officer
First Hawaiian Bank*YUKA HONGO
Attorney
Hongo Law Office, LLLC**JAMES HSU
Attorney
Squire Patton Boggs*KOICHIRO ITO
Certified Public Accountant
Ito International Tax andAccounting**YI JIN
Vice President & International
Banking Officer
Bank of Hawaii*TOYOHIKO KATABAMI
Real Estate Executive
Signature Group Holdings, LLC*HITOMI OKAMOTO
Senior Vice President &Private Client Advisor
Bank of America Private Bank(DICK) ISOO OSHIMA
Certified Public Accountant
OCCPA LLC
ERICA CHEE OSTERKAMP
Attorney
Dept. of Corporation Counsel
City and County of Honolulu**JANE REN
Attorney
Fangda Partners*HITOMI SAKAI
AttorneyCity-Yuwa Partners

BRIAN LEE
Principal
eBus Consulting, LLC

ROSEMARIE S.J. SAM
Attorney
Goodsill Anderson Quinn &Stiefel, LLP

JUDY Y. LEE
Attorney
Goodsill Anderson Quinn &Stifel, LLP*IKUKO SANO
Attorney
Sano & Associates, P.C.
*YORIHIRO SAWADA
Vice President & Team Leader
First Hawaiian Bank**RUSSELL LEU
Attorney
Sheppard Mullin*TOMOKO TANEGA
Certified Public Accountant
CW Associates, CPAs**JACKSON TENG
Attorney
Shine Cloud & Partners*MAKIKO TSUKADA
Certified Public Accountant
Reiwa Accounting LLP**WENLI WANG
CPA
Moss Adams*HIROKO WATANABE
Tax Accountant
Nature Tax Firm
DOUGLAS D. WILSON
Principal
Trustee Consulting, LLC**GARY WONG
Attorney
Hugill & lp Solicitors*KAZUTO YAMAMOTO
Attorney
Daiichi LPC**LAI LENG YEE
Certified Public Accountant
OCCPA LLC**YUFEI LI
Attorney
Nutter McClennen & Fish LLP

SUSAN SEGAWA
Assistant Vice President &Fiduciary Advisor
Bank of Hawaii**WAN LI
AttorneySeyfarth Shaw LLP*JOJI SETA
Senior Vice President
Central Pacific Bank**ALVINA LO
Chief Wealth Strategist,
Executive VP
Wilmington Trust

SUMMER SHELVERTON
AttorneyCades Schutte*JUN YOSHIOKA
Business Succession Tax
Consultant
Nihon Keiei Will Tax Accountant
Corporation

ERI SHIMACPA
OCCPA LLC

ALAN T. YOSHITAKE
AttorneySeyfarth Shaw LLP*CHIYOKO SUGIMURA
Vice President & Senior
Relationship Manager
Manufacturer’s Bank**TONY YU
Attorney, CPA, CPCU, CFP
DSG Business, Tax & Wealth
Planning, Inc.

*SHUICHI TAIRATax Accountant
Yamada & Partners Tax
Corporation**ZHU ZHIMING
Attorney
Horizon Law Office*JUN TAMAHASHI
Certified Public Accountant
Armanino, LLP*

Japan-U.S. Alliance**

China-U.S. Alliance

JEN-L LYMAN
Sr. Director of Gift Planning &Advisor Relations
Hawaii Community Foundation*KEN NIIMURA
Senior Vice President &International Client GroupManagerBank of Hawaii*KAZUHIKO NISHIHARA
Attorney
Honmachi International Law
Office, P.C.

** BERNARD YIP
CFP, ChFC, CRPS, Wealth
AdvisorFirst Hawaiian BankH O N O R A RY M E M B E R S
ROY M. ADAMS (Deceased)
Attorney
Sonnenschein Nath & Rosenthal, LLP
New York, NY

MARTIN D. GINSBURG (Deceased)
Professional/Attorney Georgetown University Law Center
Counsel to Fried, Frank, Harris, Shriver & Jacobson, LLP
Washington, D.C.

RUTH BADER GINSBURG, (Deceased)
U.S. Supreme Court Justice
Washington, D.C.

JAMES and RUTH WONG (Deceased)
Certified Public Accountant
Organization Director Emeritus
Honolulu, Hawaii

3

H AWA I I TA X I N S T I T U T E FAC U LT Y
REPRESENTATIVE FROM THE
DISTRICT ATTORNEY’S OFFICESTEWART R. ALBERTSON, Attorney
Albertson & Davidson LLP
Carlsbad, California
JOHN E. ASHBROOK, Managing Director
Stout
Irvine, California
WILLIAM H. ATHA, II
Senior Vice President, Wealth Management
Raymond James
Beverly Hills, California
JOSEPH J. BARATTA Senior Vice President,
Head of Trust & Estates
Bonhams
Los Angeles, California
ROBERT BARTON, Attorney
McDermott Will & Emery, LLP
Los Angeles, California
BRANDY BAXTER-THOMPSON, Attorney
Baxter-Thompson Law, PLLC
Dallas, Texas
DAVID J. BEETON, Private Risk Advisor
Willis Towers Watson
Los Angeles, California
THOMAS BERG, JR., CFA, ASA,Managing Director
MPI
San Francisco, California
JOHN F. BERGNER, Attorney
Winstead PC
Dallas, Texas
KELLY MURPHY BERLINGERI, Attorney
Ventura County Superior Court
Ventura, California
TURNEY P. BERRY, Attorney
Wyatt Tarrant & Combs LLPLouisville, Kentucky
MORGANA BLACKWELDER,
Senior Vice President
John Moran
Monrovia, California
MATTHEW E. BRADY, Managing Director,
Market Executive, Silicon Valley/East Bay
Bank of America Private Bank
Palo Alto, California
SANDRA R. BROWN, Former Acting
United States Attorney
Hochman Salkin Toscher Perez PC
Beverly Hills, California

KYLE CASSERINO, Vice President
Fidelity Charitable
Cary, North Carolina
PROBATE JUDGESTEPHANIE B. CASTEEL, Attorney
Snell & Wilmer LLP
Reno, Nevada
FELICIA CHANG, Head of Wealth Strategy
Westmount Partners, LLC
Los Angeles, California
JEFFAY CHANG, Senior Vice President &Senior Trust and Estate Specialist
Capital Group Private Client Services
Los Angeles, California
SANGNA CHAUHAN, Attorney
Charles Russell Speechlys
London, England
CAROLINE D. CIRAOLO, Attorney
Kostelanetz LLPWashington, D.C.
DAVID J. COWAN, Judge
Los Angeles Superior Court
Beverly Hills, California
KEITH A. DAVIDSON, Attorney
Albertson & Davidson LLP
Carlsbad, California
EVAN J. DAVIS, Former AUSA Tax Division
Hochman Salkin Toscher Perez, PC
Beverly Hills, California
SCOTT DEFREEST, Member
Strategic Valuation GroupCalabasas, California
LISA DETANNA, Managing Director, SeniorVice President Investments
Raymond James
Beverly Hills, California
THOMAS DONAHUE, CEO
True North Real Estate Wealth Management
Scottsdale, Arizona
STEPHANIE DOWNER, Attorney
Buchalter
San Diego, California
JEREMIAH W. DOYLE, IV, Senior Vice
President
BNY Mellon Wealth Management
Boston, Massachusetts
JOSHUA DRISKELL, Attorney
Lagerlof LLP
Pasadena, California

STEPHANIE BUCKLEY, Attorney
Wells Fargo Private Bank
Westlake Village, California

S. STACY EASTLAND, Attorney
Yetterberg, Deery & Knull LLP
Houston, Texas

JOSEPH BUI, Senior Vice President
Bank of America
Los Angeles, California

KATHY ENSTROM, Director of Investigations
Moore Tax Law Group, LLC
Chicago, Illinois

4

ANNE GIFFORD EWING, Senior Vice
President & Senior Trust & Estate Specialist
Capital Group Private Client Services
Los Angeles, California
DANIEL FAN, Senior Managing Director
First Foundation
Irvine, California
GUY FICCO, Chief IRS Criminal Investigation
Washington, D.C.
SHARYN FISK, Director, IRS Office ofProfessional Responsibility
Washington, D.C.
JOHN D. “DON” FORT, Former Chief, IRS
Criminal Investigation
Kostelanetz LLPWashington, D.C.
STEVEN B. GORIN, Attorney
Thompson Coburn LLP
St. Louis, Missouri
LESLEY GREEN, Judge, (Ret.)
Signature Resolution
Los Angeles, California
TERRY GREEN, Judge, (Ret.)
Signature Resolution
Los Angeles, California
TODD HAMMOND, Vice President, National
Trust Business Development Officer
Bryn Mawr Trust Company
Wilmington, Delaware
J. DAX HANSEN, Attorney
Perkins Coie LLP
Seattle, Washington
KERRY R. HAWKINS, Territory Manager, IRS
Estate and Gift Territory
Oklahoma City, Oklahoma
KENNETH J. HINES, Former Director of IRS
Criminal Investigation
Seattle, Washington
MATTHEW HOCHSTETLER, Attorney
David J. Simmons & Associates, LLC
Naples, Florida and Canton, Ohio
CARSTEN HOFFMANN, Managing Director
Stout
Irvine, California
BRIAN K. JANOWSKY, Attorney
ArentFox Schiff LLP
New York, New YorkMEGAN L. JONES, Attorney
Pillsbury Winthrop Shaw Pittman LLP
Los Angeles, California
ERIC JORANSON, Senior Manager
Schwab Charitable
Saint Paul, Minnesota
KIM KAMIN, Chief Wealth Strategist
Gresham Partners

H AWA I I TA X I N S T I T U T E FAC U LT Y
Chicago, Illinois
MICHAEL KARLIN, Attorney
Karlin & Peebles, LLP
Los Angeles, California
ANDREW M. KATZENSTEIN, Attorney
Proskauer Rose LLP
Los Angeles, California
ROEE KAUFMAN, Attorney
Keystone Law Group P.C.
Los Angeles, California
GO KAWADA, Former Regional
Commissioner of Japan’s NTA (IRS) and
Former Director of the NTA Office ofInternational Operations
Yamada & Partners
Tokyo, Japan
KURT KAWAFUCHI, Former State Tax
Director
Law Offices of Kurt Kawafuchi
Honolulu, Hawaii
NIKKI J. KERMAN, Attorney
Venable LLP
Los Angeles, California
AL W. KING, III, CEOSouth Dakota Trust Company, LLC
New York, New YorkSTEPHAN KING, CPA
Stephan King PC
Scottsdale, Arizona
BRYAN D. KIRK, Development Legal Counsel
Standord University
Stanford, California
DAVID H. KIRK, Tax Partner
Ernst & Young LLP
Washington, D.C.
ROBERT K. KIRKLAND, Attorney
Kirkland Woods & Martinsen LLP
Liberty, Missouri
ROBIN L. KLOMPARENS, Attorney
Fennemore
Mather, California
TAMA KLOSEK, Attorney
Klosek & Associates PLLC
Houston, Texas
VINCE LACKNER, Attorney
Leimberg LeClair & Lackner, Inc.
Carnegie, Pennsylvania
KENNETH L. LAWSON, Professor and CoDirector of the Hawaii Innocence ProjectWilliam S. Richardson Law School
Honolulu, Hawaii
FRANCINE R.S. LEE, Managing Director for
the Fidcuiary/Trust & Estate Accounting

Services
Ernst & Young
New York, New YorkSTEPHEN MIYABE, Senior Vice President
Northern Trust
Pasadena, California

JUDY Y. LEE, Attorney
Goodsill Anderson Quinn & Stifel, LLP
Honolulu, Hawaii

BRENT NELSON, Attorney
Rimon PC
Phoenix, Arizona

PAUL S. LEE, Chief Tax Strategist
Northern Trust
New York, New YorkLOUISE NEMSCHOFF, Attorney
Nemschoff Law Offices
Los Angeles, California

OFER LION, Attorney
Seyfarth Shaw LLP
Los Angeles, California

PETER NI, Attorney
Zhong Lun Law Firm
Shanghai, China

STEFANIE LIPSON, Attorney
Greenberg Glusker, LLP
Los Angeles, California

CHARLES PACKER, Attorney
Hopkins & Carley
San Jose, California

ALVINA H. LO, Chief Wealth Strategist
Wilmington Trust
New York, New YorkJOHN PAGLIUSO, Vice President
U.S. Bank Private Wealth Management
San Diego, California

STEPHANIE LOOMIS-PRICE, Attorney
Perkins Coie, LLP
Austin, Texas

BRANDON PARK, Senior Vice President
Morgan Stanley
Honolulu, Hawaii

DANIEL LORENZEN, Attorney
Strading Yocca Carlson & Rauth LLP
Westlake Village, California

CHRIS PARKER, Attorney
Moss Adams LLP
Rancho Cordova, California

DANIELLE LOUTON, Attorney
Summit Trail Advisors
San Francisco, California

PRATIK PATEL, Attorney
BMO Private Bank
Chicago, Illinois

ANA MARIA LUNA, Judge
Los Angeles Superior Court
Los Angeles, California

LALAT PATTANAIK, Managing Partner
PH Robb Legacy AllianceWest Hollywood, California

ROGER LUND, Judge
Ventura County Superior Court
Ventura, California

THOMAS J. PAULOSKI, National Managing
Director of Wealth Strategies
Alliance Bernstein
Celevland, Ohio

JONATHAN C. LURIE, Attorney
Willie Farr & Gallgher LLP
Los Angeles, California
BRENDAN P. MACMILLAN, Chief
Investment Officer(QP) Global
Greenwich, Connecticut
DOUGLAS M. MANCINO, Attorney
Seyfarth Shaw LLP
Los Angeles, California
JEFFREY A. MANNISTO, Attorney
Manatt, Phelps & Phillips, LLP
Los Angeles, California
PATRICK MARTIN, Attorney
Chamberlin Hrdlicka
San Antonio, Texas
STEVEN MEIER, Attorney
Seyfarth Shaw LLP
Chicago, Illinois

5

REBECCA PERLMUTTER, Asst. U.S.
Attorney
U.S. Attorney’s Office, District of Hawaii
Honolulu, Hawaii
LISA PIEHL, Program Manager, IRS Estateand Gift Tax Policy Division
Woodland Hills, California
JOHN PORTER, Attorney
Baker Botts
Houston, Texas
JOHN PROKEY, Attorney
Ramsbacher Prokey Leondard LLP
San Jose, California
MICHAEL QUIGLEY, Attorney
Kim & Chang
Seoul, Korea
MICHAELLE RAFFERTY, Attorney
Maupin Cox & LeGoy
Reno, Nevada

H AWA I I TA X I N S T I T U T E FAC U LT Y
CLAUDIA RAY, Attorney
Kirkland & Ellis LLP
New York, New YorkCHARLES “CLARY” A. REDD, Attorney
Stinson LLP
St. Louis, Missouri
GLEN M. REISER, Judge, (Ret.)JAMS ADR Services
Los Angeles, California
CHARLES P. RETTIG, Former Commissionerof IRS
Chamberlain Hrklicka
Houston, Texas
CAROLINE Q. ROBBINS, Attorney
Proskauer Rose LLP
Los Angeles, California
JOHN T. ROGERS, JR., Attorney
Rogers Trust Law
Glendale, California
ERIC ROOSE, Attorney
Withersworldwide
Tokyo, JapanRACHELLE ROSTEN, Executive Managing
Director
Douglas Elliman Real Estate
Beverly Hills, California

VICTOR S.O. SONG, Former Chief IRS
Criminal Investigation
Integritas3
Seattle, Washington
KEVIN SPENCER, Attorney
Spencer Johnson & Harvell, PLLC
Dallas, Texas
JAMES A. STEELE, Judge, (Ret.)
Signature Resolution, LLC
Los Angeles, California
DOMINGO P. SUCH, III, Attorney
Perkins Coie LLP
Chicago, Illinois
KAREN SUGIHARA, Regional FiduciaryManager
BNY Mellon Wealth Management
San Francisco, California
AMY TAKAHASHI, CPA, JD, LLM Tax
Legacy Tax Group
Honolulu, Hawaii
GEAL TALBERT, Senior Vice President
Morgan Stanley
Honolulu, Hawaii
DEBORAH J. TEDFORD, Attorney
Tedford Law Firm PC
Mystic, Connecticut

RANDALL W. ROTH, Professor and Author
William S. Richardson School of Law
Honolulu, Hawaii

VINCENT C. THOMAS, Attorney
Young Conaway Stargatt & Taylor, LLP
Wilmington, Delaware

SUSAN P. ROUNDS, Director and Head of
U.S. Wealth Planning
Deutsche Bank Wealth Management Americas
Los Angeles, California

EMIN TORO, Tax Court Judge
Washington, D.C.

JAY SHIM, Attorney
Lee & Ko
Seoul, Korea
ALEXANDER “ALI” SILVERT, Fomer Federal
Public Defender and Author
Honolulu, Hawaii

DAVID W. TRADER, M.D.
David W. Trader, M.D., Inc.
Los Angeles, California
ROLAND TROPE, Attorney
Trope and Schramm LLP
New York, New YorkKRISHNA VALLABHANENI, Tax Legislative
CounselDepartment of Treasury
Washington, D.C.

6

MICHELLE VANDELLEN, Tax Partner
Moss Adams
Bellingham, Washington
S. SHEILA VISWANATHAN, Attorney
BDO
Los Angeles, California
SUZANNE BROWN WALSH, Attorney
Murtha Cullina LLP
Hartford, Connecticut
DAVID A. WARREN, Attorney
Bridgeford Trust Company
Pierre, South Dakota
JERRY YU, Attorney
Moss Adams
Campbell, California
VATCHE ZETJIAN, Attorney
Jeffer Mangels Butler & Mitchell LLP
Los Angeles, California
LAURA A. ZWICKER, Attorney
Greenberg Glusker, LLP
Los Angeles, California

H AWA I I TA X I N S T I T U T E S P O N S O R S
Hawaii Tax Institute Foundation and Chaminade University of Honolulu gratefully acknowledge
the generous support of the following sponsors:

PAGE 57

H AWA I I TA X I N S T I T U T E S P O N S O R S
Hawaii Tax Institute Foundation and Chaminade University of Honolulu gratefully acknowledge
the generous support of the following sponsors:8H AWA I I TA X I N S T I T U T E S P O N S O R S
Hawaii Tax Institute Foundation and Chaminade University of Honolulu gratefully acknowledge
the generous support of the following sponsors:9H AWA I I TA X I N S T I T U T E P R O G R A M
SUNDAY, November 3		Pre-Conference Workshops

11:00 am – 12:00 pm

Early Registration

12:00 pm – 4:45 pm
		Fiduciary Income and Entity Taxation Workshop: What a Wonderful and Complex World!
This extensive workshop will dive into the wonderfully complex and important world of fiduciaryincome and entity taxation. Learn about the basics of this often intertwined area of reporting,identify issues and opportunities associated with the sunsetting of the TCJA on fiduciary
taxation after 2025, passive activity loss elections and classification of short-term vacation
rentals, how Connelly vs. United States may create additional estate tax to estates, QSBS
Stacking and Packing, planning for multiple exclusions under IRC 1202, and see where we areafter the Secure Act 2.0?

		

STEPHAN KING, CPA		MICHELLE VANDELLEN, Tax Partner

12:00 pm – 4:45 pm
		

All You Wanted to Know About Federal Estate, Gift and GST Taxation: A Complete Workshop
This hands-on, comprehensive workshop will offer answers to all of your estate and gift tax
return questions, and give practical suggestions on effectively preparing the Form 706 (federal
estate tax return) and Form 709 (federal gift tax return). This workshop will explore the major
pitfalls and recent developments that impact your wealth transfer practice and provide effective
action steps to obtain optimum results for your clients. A novel addition to this program will bevisual, interactive, and animated illustrations of a number of the topics to be covered.

		

VINCE LACKNER, Attorney

		

BRENT NELSON, Attorney

4:45 pm – 5:00 pm

Questions and Answers

MONDAY, November 4
6:00 am

Registration and Continental Breakfast

6:30 am – 7:45 am

The 706 is Filed – What Happens Next? A Deeper Dive		

A deeper dive into the process and issues once the federal estate tax return is filed and isassigned for examination. Explore the depths of the examination process and understand theissues from both the practitioner perspective and the IRS perspective. Changes coming to estateand gift in 2025 will also be discussed.

		

KERRY R. HAWKINS, Territory Manager

		

ROBIN L. KLOMPARENS, Attorney

		

LISA PIEHL, Program Manager, IRS Estate and Gift Tax Policy Division

6:30 am – 7:45 am
		

The Nuts and Bolts of Fiduciary Accounting
A fiduciary owes many duties to the beneficiaries and a breach of a duty can result in personal
liability. From the fiduciary’s perspective, an accounting starts the statute of limitations,which may protect a fiduciary by restricting the number of years a beneficiary might have tobring a lawsuit. This informative session will discuss fiduciary duties and responsibilities andfiduciary accounting basics: (i) The what, when, why, and who is entitled to it and how to settle
an accounting, fiduciary accounting updates including the new Uniform Fiduciary Income, (ii)
Principal Act and current trends, (iii) a deep dive into how to account and common mistakes
to look for when reviewing an accounting, (iv) understanding the differences between a trust
expense and a trust distribution, (v) how to calculate fiduciary accounting income and why it isimportant to protect the income and principal beneficiaries, including the treatment of uniqueassets, (vi) differences between the federal tax code and the Principal and Income Act – a10

H AWA I I TA X I N S T I T U T E P R O G R A M
potential trap for the unwary, and (vii) the key role accounting plays in fiduciary litigation.
		

KELLY MURPHY BERLINGERI, Attorney		

FRANCINE R.S. LEE, Managing Director

		

ROGER LUND, Judge

7:45 am – 8:00 am

Questions and Answers

8:00 am – 8:15 am

Official Welcome and Opening Ceremony

8:15 am – 9:45 am

Recent Developments and Current Trends in Wealth Transfer Planning		Learn about significant legal and tax developments that impact contemporary wealth transfer
and administration. This session will analyze many of the latest regulations, rulings and cases
relating to or setting new and sometimes surprising standards for the design and implementation of leverage-based estate planning strategies, “adequate disclosure” for gift tax
purposes, estate tax deductions for claims and administration expenses, valuation of closelyheld business equity and real estate fractional interests, basis step-up for assets held in an
irrevocable grantor trust, income tax residency requirements, the anticipatory assignment ofincome doctrine, charitable remainder trusts, donor advised funds, conservation easements
and, last, but not least, “corporate transparency.”

		

TURNEY P. BERRY, Attorney		

CHARLES “CLARY” A. REDD, Attorney

9:45 am – 10:00 am

Break

10:00 am – 10:45 am

Family Dynamics, Ethical Considerations and Intergenerational Conflict:
Family Governance as a Tool for Preserving Family Wealth and Harmony		

Under the hard glass of the “money magnifier,” the unique qualitative issues and challenges
of wealth in families come to the forefront. This session identifies the factors predicting
success or failure in the transition of family wealth and highlights some practical tools to
help Wealth Transfer Advisors navigate the sometimes rocky landscape. Learn about thesignificance of money beliefs and associations; the fundamentals of trust beneficiary communications, designing family meetings, drafting family mission statements, and other tools
for Wealth Transfer Advisors.

		

ROBERT BARTON, Attorney

		

DAVID J. COWAN, Judge
ALVINA H. LO, Chief Wealth Strategist

		

SUSAN P. ROUNDS, Director and Head of U.S. Wealth Planning		

CPE/Legal Ethics Credit available.

10:45 am – 11:00 am

Questions and Answers

11:00 am – 11:45 am

The Nonprofit Hour of Power – Current Developments, Recent Trends and Hot Topics in
Tax-Exempts and Charitable Giving
This action packed session will update all Wealth Transfer Advisors on a variety of important areas dealing with tax-exempts and charitable giving. Learn about “Pre-Capital Event”
Charitable Contributions vs. the Assignment of Income Doctrine – no more bright lines…,“Boomer business” succession planning – European models, Patagonia, Newman’s Own andothers, Grantmaking, public policy and illegality issues - Harvard/UNC and affirmative action,
Section 1981 of the Civil Rights Act (of 1866!), Charitable contribution substantiation andappraisal regulations – the watch list from the IRS and the courts, Name, Image and Likeness(NILs) guidance, Update on donor-advised funds (because, we have to…) and The Corporate
Transparency Act – Are all exempts exempt?

				OFER LION, Attorney		

KRISHNA VALLABHANENI, Tax Legislative Counsel

11

H AWA I I TA X I N S T I T U T E P R O G R A M
11:45 am – 12:00 pm

Questions and Answers

12:00 pm – 1:30 pm

Luncheon: A Town Hall Discussion with the United States Tax Court		

SANDRA R. BROWN, Moderator

		

EMIN TORO, Tax Court Judge

1:30 pm – 2:15 pm

Is the Tide Turning? Current Developments Regarding International Information Return
Penalties and Ethical Considerations

		Over the past decade, the IRS has assessed staggering civil penalties for failure to comply withinternational reporting obligations involving foreign financial accounts and taxpayers’ interestin, and transactions with, foreign entities and trusts. After years of challenging these penalties
with only limited success, taxpayers are achieving relief through litigation and, more recently,
administrative appeals. This session will discuss the current developments, trends and bestpractices in addressing a non-compliance and related penalties in the international tax space.

		

CAROLINE D. CIRAOLO, Attorney		

EVAN J. DAVIS, Former AUSA Tax Division

		

KURT K. KAWAFUCHI, Former State Tax Director		

MICHAEL QUIGLEY, Attorney		

CPE/Legal Ethics Credit available.

2:15 pm – 2:30 pm

Questions and Answers

2:30 pm – 3:15 pm

Probate Judges and Lawyers Don’t Always Think Alike – Are Probate
Judges’ Brains “Abby Normal”?

		

By virtue of the central role judges play in the legal process, judges develop uniqueperspectives with respect to what happens in the Courtroom. This session will explore how
judges view cases, why they are in a unique position to evaluate things and what is and is notimportant for them in the decision-making process.

		LESLEY GREEN, Judge, (Ret.)		TERRY GREEN, Judge, (Ret.)		

ANA MARIA LUNA, Judge		JAMES A. STEELE, Judge (Ret.)

3:15 pm – 3:30 pm

Questions and Answers

3:30 pm – 4:00 pm

Break: Aloha Ice Cream Social

4:00 pm – 4:45 pm

Wealth Transfer Planning for Retirement Benefits: Looking at the Full Spectrum		For most Americans, retirement benefits continue to represent the largest portion of their net
wealth outside of real estate. Retirement benefits, however, are special assets that come withunique rules when it comes to wealth transfer planning. This session will walk through theunique rules and discuss a practical decision-making process to guide clients through determining the best option for these assets. Learn about the options clients have during their life,
like Roth conversions and Qualified Charitable Distributions, the options surviving spouses andbeneficiaries have after the death of the participant and how to structure a thoughtful wealthtransfer plan to achieve the greatest impact for the family.

		

STEPHAN KING, CPA		

BRYAN D. KIRK, Development Legal Counsel

		

VINCE LACKNER, Attorney

4:45 pm – 5:00 pm

Questions and Answers

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TUESDAY, November 5
6:00 amContinental Breakfast

6:30 am - 7:45 am

Early Bird Bonus Session: Tax Treaties for the Wealth Transfer Professional		

The United States has income tax and wealth transfer tax treaties with a number of foreigncountries. Under these treaties, residents (not necessarily citizens) of foreign countries may beeligable to be taxed at a reduced rate, minimize wealth transfer taxation and avoid double taxation that can arize when two countries both have the right to tax a decedent/taxpayer. Learn
about this fascinating and usually misunderstood area of wealth transfer taxation and planning.

		

CAROLINE D. Ciraolo, Attorney
KURT K. KAWAFUCHI, Former State Tax Director
PATRICK MARTIN, Attorney

7:45 am - 8:00 am

Questions and Answers

8:00 am – 9:00 am

Planning with No, Low, and “Negative” Basis Assets (Putting It On & Taking It Off)		The importance of (and the opportunities surrounding) the management and creation of tax
basis has never been greater. This session will discuss innovative tax basis management techniques that strip, shift, create, concentrate, and maximize basis where it can be of most benefit
to taxpayers. The discussion will include: (i) upstream planning and powers of appointment tocreate basis; (ii) maximizing and multiplying the “step-up” in basis; (iii) the upside of leverage;(iv) partnership planning to move basis to where you want it; (v) novel uses of grantor trusts anddisregarded entities in basis management; (vi) how to “base-up” foreign assets for U.S. taxpayers; and (vii) planning that benefits charity while capturing new basis for the family.

		PAUL S. LEE, Chief Tax Strategist

9:00 am – 9:15 am

Questions and Answers

9:15 am – 10:30 am

Getting to the Finish Line: The Importance of an Appraisal Report, Consistency in Tax
Reporting and Ethical Considerations

		This session will review the importance of a well drafted appraisal report, what should it look
like and how to read and critique an appraisal. Understand that even though your wealth transfer strategies may have a perfect appraisal report, that may not be enough to get it through an
audit or litigation. Learn from the insights of an appraiser, tax litigator and tax court judge what
it takes to get your client’s wealth transfer strategies over the finish line.

		

CARSTEN HOFFMANN, Managing Director

		

STEPHANIE LOOMIS-PRICE, Attorney		

EMIN TORO, Tax Court Judge		

CPE/Legal Ethics Credit available.

10:30 am – 10:45 am

Questions and Answers

10:45 am – 11:00 am

Break

11:00 am – 11:45 am

How the IRS Is Changing and What to Expect in the Future		

Explore from behind the scenes, how the IRS is changing, who and what areas the IRS iscurrently focusing on, how the IRS is using technology, social media and artificial intelligence
and what to expect in the future. This fascinating session will discuss and provide valuable
information to all Wealth Transfer Advisor so they can better advise and protect their clients.

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		CAROLINE D. CIRAOLO, Moderator

		

GUY FICCO, Chief, IRS Criminal Investigation

		

JOHN D. “DON” FORT, Former Chief, IRS Criminal Investigation

		

LISA PIEHL, Program Manager, IRS Estate and Gift Tax Policy Division		

CHARLES P. RETTIG, Former Commissioner of IRS

11:45 am – 12:00 pm

Questions and Answers

12:00 pm – 1:30 pm

Luncheon: A Look Behind the Scenes on How Tax Policy and Published
Guidance Is Created		

KRISHNA VALLABHANENI, Tax Legislative Counsel

1:30 pm – 2:20 pm

TRACKS: Charitable, Compliance, Controversies, Fiduciary, Financial, Planning orTax

		

DAFs: The Swiss Army Knife of Charitable Planning

CHARITABLE

		Donor Advised Funds (DAFs) have fast become a philanthropic tool for both high net worth andaffluent givers. Their flexibility coupled with their tax benefits make DAFs a popular choice today
for many who want to be more intentional and/or achieve impact with their philanthropic giving.
This session will cover a broad spectrum including DAF basics, recent court cases, recent criticism and seven strategies where donors have utilized DAFs to carry out their philanthropy in ameaningful and effective way.

		

STEPHANIE BUCKLEY, Attorney		

FELICIA CHANG, Head of Wealth Strategy

		

COMPLIANCE

Sales to Intentionally Defective Trusts		This session will discuss the advantages of selling assets to an intentionally defective grantor
trust, including a four-step process used in structuring a sale to a defective grantor trust. Learn
about what powers will cause grantor trust status without causing estate tax inclusion and whichassets are the most efficient assets to use to achieve an estate tax freeze. After a review of thestructure of the transaction, the income, gift, estate and generation skipping consequences ofusing a sale to a defective grantor trust will be analyzed as well as issues that may arise in theadministration of the trust.

		

JEREMIAH W. DOYLE, IV, Senior Vice President

		

CHARLES PACKER, Attorney

		 CONTROVERSIES

Representing Trustees: Pre-Planning and Post-Planning to Avoid Litigation

		The session will discuss what steps Wealth Transfer Advisors and their clients can take before atrustee is in place. Who should be the trustee, what relationship should the trustee have with thefamily and beneficiaries during the Settlors’ lifetime and after death, and what provisions can beplaced in the trust and what other wealth transfer strategies can be used to protect the trustee?
Once a trustee has accepted the trusteeship, what can the trustee and the Wealth Transfer
Advisors do to safeguard the administration to avoid family conflict and litigation.

		

BRANDY BAXTER-THOMPSON, Attorney

		

ROGER LUND, Judge		KEVIN SPENCER, Attorney		

FIDUCIARY

Utilizing a Corporate Fiduciary to Maximize Value and Minimize Risk in Real Property AssetManagement, Transfer, Property Management, Acquisition and Disposition

			Real estate is the most common, non-financial asset held in trusts and often represents alarge portion of the total estate value. Real estate-heavy trusts can lack liquidity, are not easily
divided, and, due to asset complexity, may pose the most challenges and risk. This session will
discuss issues regarding the trust administration of real property assets and the benefit of utilizing an institutional fiduciary having the necessary expertise and depth of services.

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H AWA I I TA X I N S T I T U T E P R O G R A M
			 JOSHUA DRISKELL, Attorney
			 JOHN PAGLIUSO, Vice President
			 RACHELLE ROSTEN, Executive Managing Director
		

FINANCIAL

		

		
		

Selecting Modern Wealth Transfer Structures and Administration Based upona Family’s Assets
This session will address how taking an asset-based approach to wealth transfer planning andadministration can be critical to a family when it comes to maximizing efficiency, flexibility,
control, asset protection and tax savings. Understand that these wealth transfer structures allheavily involve the family and their advisors and vary greatly depending upon a family’s assets,such as closely held business interests, LPs, LLCS, residential and commercial real estate, art,
oil and gas, jewelry, antiques, financial assets, private equity, pets, land, honorary grave sites,
life insurance and private placement life insurance. In order to maximize a family’s particulargoals, each asset must be evaluated separately to determine the appropriate wealth transfer
structure. Additionally, the method a family oversees and/or invests these assets must also be
considered when selecting a wealth transfer structure. This asset based approach to wealthtransfer planning and administration can be critical to a family.
AL W. KING, III, CEO

PLANNING

Resolving the Mystery of Digital Assets (including Crypto Currency) andHow to Manage and Plan for Them		This session will resolve the mystery of exactly what is a digital asset, why and how cryptocurrency is different than traditional and even other digital assets. What you need to know about
how to plan for the transfer and disposition of this unique asset class, and how to incorporate
them into a wealth transfer strategy and to collect and manage them.

		J. DAX HANSEN, Attorney

		

SUZANNE BROWN WALSH, Attorney

		

TAX

Panning for Gold: The IRS’s New Initiative Targeting High-Income Non-Filers and Ethical
Considerations

		

In February 2024, the IRS announced a new initiative targeting high-income taxpayers who
have failed to file federal income tax returns since 2017. This session will discuss the consequences to such individuals including audits, civil penalties, collection activities and potential
criminal prosecutions, and strategies to avoid or minimize the impact of all of the above.

		

SANDRA R. BROWN, Former Acting United States Attorney		

EVAN J. DAVIS, Former AUSA Tax Division		

SHARYN FISK, Director, IRS Office of Professional Responsibility
CPE/Legal Ethics Credit available.

2:20 pm – 2:30 pm

Questions and Answers

2:30 pm – 3:20 pm

TRACKS: Charitable, Compliance, Controversies, Fiduciary, Financial, Planning orTax

		

CHARITABLE

Charitable Giving by Affluent Millennials and Gen Z

		The next generations (Millennials and Gen Z) have the potential to become an important groupof philanthropic leaders, particularly as they create and inherit a growing share of the nation’s
wealth over the next decade. Four in five younger affluent households are already giving tocharity; however, they are less likely than older donors to participate in traditional forms ofphilanthropy, including both charitable giving (79% and 87%, respectively) and volunteering(31% and 39%, respectively). This session will explore to whom they are giving (sectors), how
they are giving (giving vehicles and strategies), and what drives their giving decisions.

		

JOSEPH BUI, Senior Vice President

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H AWA I I TA X I N S T I T U T E P R O G R A M
		STEPHANIE B. CASTEEL, Attorney		

DOUGLAS M. MANCINO, Attorney
COMPLIANCE

Pass-through Entity Taxes and Tax Reimbursement Clauses		

In the waning days of the Trump administration, Notice 2020-75 was supposed to be a
giveaway by the Treasury Department to get around the SALT cap imposed by TCJA. The workaround first started by Connecticut and now been followed by almost every state in the union.
The 6 page Notice promised proposed regulations that will probably never come, but thecollateral issues have been mounting ever since. This session will cover the PTE regime withspecial focus on the treatment of these new entity-level taxes which are owned by grantor andnongrantor trusts and estates, especially in light of Rev. Rul. 2004-64 and CCA 202352018.

		DAVID H. KIRK, Tax Partner

		

STEVEN MEIER, Attorney

		 CONTROVERSIESCaught in the Crossfire: When Trustees and their Wealth Transfer Advisor Professionals
Are under Attack		When trustees are sued for breach of trust, many associated Wealth Transfer Advisor
professionals can be caught in the crossfire. When people start pointing the finger at eachother due to the threat of personal liability with a trustee surcharge, no one is safe. This session
will provide insights into why trustees and their Wealth Transfer Advisors are attacked andhow they can protect themselves. Learn about, (1) how to properly handle trust administration
issues prior to litigation to better your position if a lawsuit is later filed, (2) the risk-prone areas
trust trial lawyers look for when attacking a trustee, (3) how to handle trust administration
issues when a lawsuit has been filed, (4) how to better defend the trustee and the trustee’s
Wealth Transfer Advisors during a lawsuit, (5) some simple tips to improve a trustee’s position
when forced to appear in court on a trust issues or accounting issues, and (6) importanttakeaways from a vast depth of past experiences litigating against, and defending, trustees.

		

STEWART R. ALBERTSON, Attorney

		

DAVID J. COWAN, Judge		

KEITH A. DAVIDSON, Attorney
FIDUCIARY

A Potpourri of Wealth Transfer Planning - Considerations for Modern Families		As the traditional nuclear family has changed, wealth transfer planning professionals
must be prepared to both identify concerns and thoughtfully problem-solve for issues
clients face. This session will take a fascinating look into a variety of issues to consider,including: Marital Status (single, divorced, unmarried couples and polyamorous
relationships); Defining Descendants (stepchildren, adoption, nonmarital children andassisted reproductive technologies); other forms of Diversity (disability, LGBTQIA+,
religious, racial and cultural inclusion), Drafting for Flexibility, . . and more!

		

KIM KAMIN, Chief Wealth Strategist

		

STEPHEN MIYABE, Senior Vice President

		

FINANCIAL

A Wealth Transfer Advisor’s Guide to Working with Alternative Investments

		

Alternative assets comprise a significant portion of the assets of affluent clients: the wealthier
the client, the higher the percentage of alternative assets. A recent survey indicates that up
to 50% of investments held by family offices consist of alternative assets. Real estate, private
equity, commodities, and cryptocurrency are all examples of diverse types of alternative
assets. This session will explore the myriad of unique issues associated with alternative assets,
including the fiduciary and planning considerations of investing in different classes of alternative assets, Environmental, Social Governance (ESG) investing, intra-family transfers, andcharitable donations of such assets.

		

MATTHEW E. BRADY, Managing Director, Regional Market Manager

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		THOMAS DONAHUE, CEO		

KAREN SUGIHARA, Regional Fiduciary Manager

		

PLANNING

Dealing with Inbound and Outbound Cross Border Estate Planning Issuesand How To Solve Them		This session will dive into the cross-border estate planning tax rules, focusing on situations
that Wealth Transfer Advisors encounter and the practical solutions to these common
scenarios from both an inbound and outbound perspective, including how to deal with foreign
estate plans that suddenly have a US beneficiary, with examples and tips.

		

SANGNA CHAUHAN, Attorney

		

MICHAEL KARLIN, Attorney

		

BRENT NELSON, Attorney

		

TAX

The U. S. Government’s Establishment of Enforcement Partnerships Between FINRA, SEC,
IRS and Treasury, and How They Are Going After Wealth Management Firms, Wealthy
Clients, and Money Laundering		This session will take a deep dive into how various governmental agencies are now sharing
information and utilizing their particular enforcement hammers in coordinating investigations inan holistic manner. Learn about who these governmental agencies are targeting and why, whatthese governmental agencies are looking for and how to protect your clients in the process.

		

GUY FICCO, Chief, IRS Criminal Investigation

		

KENNETH J. HINES, Former Director, IRS Criminal Investigation

		

REBECCA PERLMUTTER, Assistant U.S. Attorney		

VICTOR S.O. SONG, Former Chief, IRS Criminal Investigation

3:20 pm – 3:30 pm		Questions and Answers
3:30 pm – 4:00 pm

Break: Ohana Tea and Cookies

4:00 pm – 4:50 pm		 TRACKS: Charitable, Compliance, Controversies, Fiduciary, Financial, Planning orTax
CHARITABLE

A Tale of Two Gifts: The Best and Worst Contributions of Private Business Interests
to Charity

		 This session will discuss the tax benefits and considerations for gifting non-cash private business interests to a donor-advised fund. Learn about the advantages of contributing complex
assets, as well as strategies for navigating the exit timing, valuation, tax and unrelated business taxable income (UBTI) issues, and other potential risks. Learn about ways to help yourclients unlock illiquid assets and give up to 20% more to charity, opportunities and considerations involved with gifting non-cash assets, such as LLC units, C-corp and S-corp shares, andLPs, the qualified appraisal process and tips to address tax-related issues and the strategies
and resources to help clients increase their giving power and minimize taxes.
		 JOHN E. ASHBROOK, Managing Director
		 ERIC JORANSON, Senior Manager
COMPLIANCE

The Treatment of Irrevocable Trusts after a Divorce or Separation

		

Learn about what happens to an Irrevocable Trust when one of the creators of the Trust goes
through a later divorce or separation. Understanding the consequences that result from thedivorce and the potential gift/estate tax consequences is essential. This session will review avariety of irrevocable trusts situations, how they can be dealt with after a divorce and how thegift/estate tax consequences can be dealt with to minimize adding fuel to the fire of an alreadyfractured family.

		

ROBERT K. KIRKLAND, Attorney

		

MICHAELLE RAFFERTY, Attorney

		 CONTROVERSIES

What’s a Trustee to Do: When the Interests of Beneficiaries and Settlors Collide

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H AWA I I TA X I N S T I T U T E P R O G R A M		Many settlors, for good reason, want to keep the provisions of their wealth transfer strategies
private; however, under certain circumstances, including where settlors become incapacitated,
this may not be possible. The determination of when to disclose the contents of their wealthtransfer strategy to beneficiaries while settlors are still living can create tension between
settlors of trusts and their beneficiaries. This session explores the interplay between the rights
of contingent beneficiaries when the settlor is still alive but is not acting as trustee, including
when contingent beneficiaries are entitled to information or an accounting, and when they havestanding to sue.

		

LESLEY GREEN, Judge, (Ret.)		ROEE KAUFMAN, Attorney

		

DAVID A. WARREN, Attorney
FIDUCIARY

Inheriting a Piece of the Family Home – Precious Treasure or Ticking Time Bomb		This session will discuss the planning tools to manage the expense and responsibilities that comewith receiving a fractional ownership in the family home in a manner that will minimize conflict
between the owners. Learn about how to avoid the pitfalls in owning a piece of the family home.

		

SCOTT DEFREEST, Member

		

JUDY Y. LEE, Attorney

		

JAMES A, STEELE, Judge, (Ret.)		FINANCIAL		The End of Life for Insurance in the Estate Plan – Death Benefit, Surrender,
Lapse or Settlement?
This session will review why affluent clients purchase life insurance and discuss how life insurance is an asset that requires and can benefit from active management as the contract matures.
Better understand the various types of insurance commonly used in wealth transfer strategies,
the evolution of universal life insurance that has contributed to the development of the life settlement market, the tax treatment of life settlements, options for working with a life settlement forthe client with charitable intent or for charitable organizations owning life insurance and how thelife settlement option is of particular importance for fiduciaries to understand to avoid potential
liability for a policy surrender or lapse.

		

TAMA KLOSEK, Attorney

		

LALAT PATTANAIK, Managing Partner				

indicates Insurance credit available for HI and CA only.
PLANNING

Wealth Transfer Planning Gems

		This session will identify and describe planning and drafting ideas that can enhance a WealthTransfer Advisor’s ability to provide better advice and documents to his or her clients. The
course materials will provide current and practical recommendations, including sample forms
and clauses, and will address often overlooked wealth transfer planning opportunities andchallenges.

		

THOMAS BERG, Jr., CFA, ASA, Managing Director

		

JOHN F. BERGNER, Attorney		

JOHN PORTER, Attorney

		

		

TAX

Straight from the Horse’s Mouth: Wealth Transfer Updates and Hot Audit Topics
This session will discuss recent developments in the wealth transfer arena, hot audit issues
and what is new in our Nation’s Capital as it is clear that the government is no longer in covid

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H AWA I I TA X I N S T I T U T E P R O G R A M
hibernation. Learn about what is potentially on the legislative horizon and other relevant issues
that will affect taxpayers, the advice Wealth Transfer Advisors give and the planning structuresthat are created. An in depth look at what projects are being focused on by Branch 4 in IRS
National, IRS Counsel and Commissioner’s offices, OPR, Taxpayer Advocate, Treasury, Joint
Committee, Senate Finance and Tax Court will also be discussed.
		

KERRY R. HAWKINS, Territory Manager
ROBIN L. KLOMPARENS, Moderator

		

LISA PIEHL, Program Manager, IRS Estate and Gift Tax Policy Division
JOHN PROKEY, Attorney

4:50 pm – 5:00 pm

Questions and Answers

WEDNESDAY, November 6
7:00 am – 8:00 am

Continental Breakfast

8:00 am – 9:15 am

Dealing with Promissory Notes in a Wealth Transfer Strategy and Ethical Considerations

		This session will discuss a variety of issues that may arise if a Promissory Note is a part of yourclient’s wealth transfer strategy. Learn about valuing notes at face if you use AFR versus the
FMV of notes – recourse versus non-recourse promissory notes on the 706 – when intra-family
notes can be challenged by the IRS – deferring the estate tax on notes resulting from sales tograntor trusts – refinancing notes when interest rates go down and much more.

		

THOMAS BERG, JR., CFA, ASA, Managing Director

		

JONATHAN C. LURIE, Attorney		

JOHN PORTER, Attorney
CPE/Legal Ethics Credit available.

9:15 am – 9:30 am

Questions and Answers

9:30 am – 10:30 am

Star Studded Estates: Celebrity Wealth Transfer Cases Unveiled		This session will delve into the latest high-profile wealth transfer cases involving celebrities andnotable figures. Learn about what happens when there is little to no planning, how the media
or public opinion can impact the proceedings, with an emphasis on the critical lessons learned
and best practices. Gain valuable insights from these prominent cases to navigate complex
wealth transfer issues more effectively and apply these lessons in your own practice to protect
your clients.

		

GLEN M. REISER, Judge, (Ret.)		VATCHE ZETJIAN, Attorney

10:30 am – 10:45 am

Break

10:45 am – 11:45 am		 A Taste of Asia: International Wealth Transfer Tax and Legacy Planning in Reverse		This session will focus on wealth transfer planning in foreign jurisdictions, in particular Japan,
China and Korea. Learn about how wealth transfer planning is structured in Japan, China
and Korea and how a trust created in the United States is considered a foreign trust from theperspective of those Asian jurisdictions. Better understand the wealth transfer tax system ineach jurisdiction and what the corresponding tax treatment is for these foreign US trusts in
the governing jurisdiction. Learn about the use of trusts or non-recognition of trusts in Asiaand how a trust from the United States is recognized or not recognized for inheritance tax
purposes. Wealth Transfer Tax Planning in regards to Singapore, Thailand, and Indonesia will
also be discussed.

		GO KAWADA, Former Regional Commissioner of Japan’s NTA (IRS) & Former Director of the
NTA Office of International Operations

		

PETER NI, Attorney		

ERIC ROOSE, Attorney

19H AWA I I TA X I N S T I T U T E P R O G R A M
		

JAY SHIM, Attorney

11:45 am – 12:00 pm

Questions and Answers

12:00 pm – 1:30 pm		 Luncheon: From the Commissioner, A Look Inside the IRS			The Inflation Reduction Act of 2022 appropriated almost $80 billion to the IRS to be expended over 10 years, mostly for Enforcement, Taxpayer Services, Operations Support, andBusiness Systems Modernization. The Former IRS Commissioner will discuss the importanceof these funds to support meaningful, effective tax administration and a modernized IRS, andthe impact on your clients and all Wealth Transfer Advisors.
			 CHARLES P. RETTIG, Former Commissioner of IRS

1:30 pm – 2:20 pm
CHARITABLE

TRACKS: Charitable, Compliance, Controversies, Fiduciary, Financial, Planning orTax
Charitable Planning: From the Simple to the Sophisticated		 In the course of providing clients with estate, gift and income tax planning advice, WealthTransfer Advisors should be mindful of the multitude of opportunities available to fulfill philanthropic objectives and reduce taxes by making charitable gifts, whether during life or upon
death. This session will review the basic charitable deduction rules, and provide a survey of avariety of different techniques for making gifts to charitable organizations that are deductible for income, estate and gift tax purposes, focusing primarily on non-cash gifts, including
real estate, remainder interests in residences and farms, business interests, crypto currency,
artwork and other tangible personal property, and offer practical considerations for the charity
receiving the gifts.
		 STEPHANIE B. CASTEEL, Attorney
		 AMY TAKAHASHI, CPA, JD, LLM Tax
COMPLIANCE

The Uniform Fiduciary Income & Principal Act

		California recently became the latest Western state to adopt the Uniform Fiduciary Income& Principal Act (“UFIPA”). UFIPA has been adopted in several other states and proposed inseveral others. UFIPA has made several substantial changes to the Uniform Principal andIncome Act to provide fiduciaries with more discretion as the historical distinctions between
principal and income are less important due to total return investing. Learn about how UFIPA
modernizes the rules on trust distributions, clarifies the rules on how to allocate distributions
from trust owned entities, liberalizes the power to adjust and to convert to and from unitrusts,
adds sensible rules for IRA distributions and provides discretion for trustees to allocate certain
disbursements between income and principal. Understand how, with UFIPA, trustees are
better positioned to reduce capital gain tax and much more.

		

STEVEN B. GORIN, Attorney		

FRANCINE R.S. LEE, Managing Director

		

JUDY Y. LEE, Attorney
CONTROVERSIES

Trustees Duty To Notify and Related Issues

		The session will include a general summary of the trustee’s duty to notify, including various
traps/issues – who must be notified, when, what if the trust owns an entity (what must be
disclosed about the entity), what is required in notification. Participate in a discussion ofcase law throughout the country where trustees were found to breach their duty to notify
and give your opinions on whether the outcome was fair or not. Learn about how it is possible
to eliminate the trustee’s duty to notify or create silent trusts. Better understand silent
trust statutes - UTC, restatement, and select states (e.g., Delaware, Nevada, South Dakota,
Wyoming), and the appointment of designated representatives or surrogates. The session
materials will include a summary chart with all 50 states and their statutes on silent trusts anddesignated representatives.

		

VINCENT C. THOMAS, Attorney20		

H AWA I I TA X I N S T I T U T E P R O G R A M
		DAVID A. WARREN, Attorney
FIDUCIARY

Breaking Up Is Hard To Do: What Happens when Your Relationship with Your Trustee Isn’t
Working and How To Get Back on Track

		This session will discuss how navigating a trust relationship is a bit like a marriage; there is theinitial courtship when the client is considering different trustees, the onboarding (honeymoon)phase where the trustee is getting acquainted with the beneficiaries, and then ideally a lastingand harmonious relationship between the beneficiaries and the trustee. Occasionally, however,
the relationship doesn’t work out and either the trustee or the beneficiaries seek to part ways.
Learn how good fiduciary specialists are like marriage counsellors, seeking to resolve issues
and problems before they arise. Better understand through a series of case studies, the issues
that lead to the deterioration of the trustee/beneficiary relationship and practical solutions topreserve the relationship.

		

TODD HAMMOND, Vice President, National Trust Business Development Officer

		

KAREN SUGIHARA, Regional Fiduciary Manager

		

FINANCIALThe Taxation of “Exotic” Investment Products		

Investing has gone beyond simply stocks, bonds and mutual funds. Today, affluent individuals
and families are being offered a dizzying array of “alternative” asset classes and investments(e.g. commodities, foreign currency, gold, structured notes, exchange-traded notes, leveraged
ETFs, hedge funds, crypto currency). These investments often utilize complex financial
instruments and derivatives (e.g. futures, forwards, swaps, and options), the taxation of which
often catch the taxpayer and their Wealth Transfer Advisors unaware. This session will discuss(i) how these investments are structured; (ii) the financial instruments utilized; (iii) the taxationof these complex investments from the standpoint of the individual investor; (iii) the planningand administration issues that arise with these types of investments; and (iv) the traps for theunwary and where the Tax Code is unclear as to the proper treatment.

		

PAUL S. LEE, Chief Tax Strategist

		

PLANNING

A Wealth Transfer Advisor’s Guide to the AI Universe and Its Many Uses		

Many Wealth Transfer Advisors are concerned about their relevance in the AI era, wondering
if they will be somehow “replaced” or minimized. While that isn’t happening, those WealthTransfer Advisors who ignore the use and potential of AI technologies and fail to adapt theirpractices accordingly will be at a huge competitive disadvantage. This session will discuss theways AI is presently available to Wealth Transfer Advisors, the Wealth Transfer Advisor’s rolein safely using it in client matters, and the Wealth Transfer Advisor’s role in safeguarding theirclients against deepfakes and other malicious uses of AI technology.

		

JOSEPH J. BARATTA, Senior Vice President, Head of Trust & Estates		

BRANDON PARK, Senior Vice President

		

SUZANNE BROWN WALSH, Attorney

		

TAX

Administering a GST Exempt Trust		This session will provide a comprehensive review of the tax rules that apply when administering
a trust that is exempt from generation-skipping tax, including a practical overview of how GST
is applied to a trust during life or at death using the estate tax return (Form 706) and gift tax
return (Form 709). Learn how to avoid certain potential pitfalls in this generally misunderstoodarea of administration and wealth transfer.

		

BRIAN K. JANOWSKY, Attorney		

S. SHEILA VISWANATHAN, Attorney

2:20 pm – 2:30 pm

Questions and Answers

2:30 pm – 3:20 pm

TRACKS: Charitable, Compliance, Controversies, Fiduciary, Financial, Planning orTax

CHARITABLE

Executive and Board Compensation for Nonprofit Executives: Navigating Through the Tax

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H AWA I I TA X I N S T I T U T E P R O G R A M
Exemption, Intermediate Sanctions and Section 4960 Excise Tax Rules
		 This session will discuss the tax effects of the changing landscape for tax-exempt organizations in compensating their board members for their services rendered, as well as the latest
trends and developments in executive compensation. Understand the challenges by theInternal Revenue Service to the reasonableness of such compensation under the intermediate
sanctions rules applicable to public charities and the self-dealing rules applicable to private
foundations. Learn about the new 21% excise tax on remuneration in excess of $1 million andon excess parachute payments, as well as techniques such as the use of split-dollar life insurance arrangements to reduce exposure to such excise taxes.
		 NIKKI J. KERMAN, Attorney
		 DOUGLAS M. MANCINO, Attorney
COMPLIANCE

How To Maximize Your Wealth Transfer Strategy after Death: A Comprehensive
Post-Mortem Planning Program		

Learn how to maximize your client’s wealth transfer strategy after death. This session
will analyze various post-mortem income tax elections and strategies as well as estate
tax elections and strategies. Better understand the timing and uses of disclaimers andrenunciations to effectuate certain outcomes.

		

TURNEY P. BERRY, Attorney		

CHARLES “CLARY” A. REDD, Attorney

		 CONTROVERSIESConducting Financial Investigations from Both Sides of the Aisle

		This session will provide a comprehensive overview of methodologies, strategies, andtechniques in conducting financial investigations from both the prosecution (government) anddefense perspectives. The discussion will encompass a detailed examination of the distinct
approaches utilized by each side. Learn from the prosecution standpoint, how the focus is on
gathering irrefutable evidence through methods such as forensic accounting, data analysis,
and legal instruments like subpoenas and search warrants, all while adhering to strict legal
standards and ensuring evidence integrity. Discover conversely, how the defense aims toprotect the client’s rights by critically analyzing the prosecution’s evidence, identifying
procedural errors, and conducting independent forensic analyses to uncover exculpatory
information. Understand that both perspectives require a deep understanding of financial
systems, legal frameworks, and ethical considerations, as well as the ability to collaborate witha multidisciplinary team of experts to achieve a thorough and balanced investigation.

		

KATHY ENSTROM, Director of Investigations

		

JOHN D. “DON” FORT, Former Chief, IRS Criminal Investigation

		

VICTOR S.O. SONG, Former Chief, IRS Criminal Investigation
FIDUCIARY

Who’s the Client? Revisiting the Ethical Complexities of a Basic Question		This session will discuss the relationship between a Wealth Transfer Advisor and the client.
Learn why this relationship continues to be extremely important and sometimes extraordinarily
complex. While the ABA Model Rules and other rules of professional conduct provide
generalized guidance for the conduct of Wealth Transfer Advisors, they do not provide explicit
guidance regarding the special relationships with clients in the contexts of wealth planningand administration. This session will explore those relationships and provide suggestions for
all Wealth Transfer Advisors to provide effective representation and advice. There will also becomments about the recently-published 6th edition of the ACTEC Commentaries on the Model
Rules of Professional Conduct.

		

JOHN F. BERGNER, Attorney		

JOHN T. ROGERS, JR., Attorney		

CPE/Legal Ethics Credit available.

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H AWA I I TA X I N S T I T U T E P R O G R A M
		FINANCIAL“Wow, I just inherited a Picasso!”: Generational Wealth Transfer of Fine Art, Jewelry
and Tangible Personal Property		This insightful session will focus on the critical aspects of generational wealth transfer of fineart, jewelry, and other valuable personal property. As our Nation enters the “The Great WealthTransfer” - with over $84 billion in assets estimated to transfer from baby boomers to their heirs
over the next two decades - understanding the complexities of managing and appraising theseassets is more important than ever. Learn about how families view these types of assets, how
they are valued and how they can be disposed of to maximize the benefits to the family.

		

DAVID J. BEETON, Private Risk Advisor
MORGANA BLACKWELDER, Senior Vice President

		

STEPHANIE DOWNER, Attorney		

PLANNING

Ten Best Wealth Transfer Planning and Income Tax Planning Ideas that
You May Not Be Using		This far reaching and dynamic topic will include giving an interest in an leveraged LLC toa grantor trust instead of selling an interest in an LLC to a grantor trust; the advantages
and considerations of using a beneficiary deemed owner trust (“BDOT”) under IRC Section
678(a)(1); the transfer tax and income tax benefit of certain gifts to the client’s parents;
the effective use of two non-reciprocal trusts in which the roles of the grantor and thebeneficiary are reversed for each trust; certain techniques to defend against or mitigate a“valuation surprise” from discount planning; a gift of a leveraged LLC to a GRAT; the useof preferred interests in partnerships or LLCs to turbocharge charitable planning; using
LLCs that create CRUTs to save significant income taxes and estate taxes; investing in an
income tax efficient manner; and the use of family limited partnerships to diversity highly
appreciated assets.

		

S. STACY EASTLAND, Attorney

		

TAX

Income Tax Saving Strategies for Business Owners

		This session will discuss a wide array of income tax saving options that are available tobusiness owners and their families with the luxury and foresight to plan – provided theyknow where to look. The optimal strategy depends not only on the business owner’s goals
and objectives, but on obtaining advice well before a deal is on the table. Explore various
strategies (including incomplete- and completed-gift nongrantor trusts, qualified small
business stock, charitable remainder trusts) that can offer substantial income tax savings toyour clients and become involved in a discussion that can quantify the potential economic
benefits of each strategy.

		

CHRIS PARKER, Attorney

		

THOMAS J. PAULOSKI, National Managing Director of Wealth Strategies
JERRY YU, Attorney

3:20 pm – 3:30 pm

Questions and Answers

3:30 pm – 4:00 pm		 Break: A Gathering – Wine and Cheese Sampling
4:00 pm – 4:50 pm
CHARITABLE

TRACKS:Charitable,Compliance,Controversies,Fiduciary,Financial,PlanningorTax
Successful and Not so Successful Wealth Transfer Strategies Used by theRich and Famous

		 The rich and famous are no different than any other affluent or wealthy clients. They use

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H AWA I I TA X I N S T I T U T E P R O G R A M
the same wealth transfer strategy techniques that are used for rich but not famous clients– but the stories and planning or lack of planning factors can be much more interesting.
This session will discuss the wealth transfer strategy techniques used by Jaqueline Kennedy
Onassis, Linda McCartney, Jerry Garcia, Leona Helmsley and Jim Morrison. Learn about thesuccessful use of charitable remainder trusts, charitable lead trusts, private foundations,buy-sell agreements, qualified domestic trusts and protection of intellectual property.
Discover how lack of planning can result in the unintended disposition of estate assets
including tangible personal property and business interests, not to mention disputes among
heirs. Also included are the stories in wealth transfer of the estates of Jimi Hendrix, MichaelJackson, Brooke Russell Astor, James Brown and Janis Joplin.
		 KYLE CASSERINO, Vice President
		 JEREMIAH W. DOYLE, IV, Senior Vice President
COMPLIANCE

Issues in Subtrust Allocation for Litigators and all Wealth Transfer Advisors		This dynamic session will cover the critical aspects of subtrust funding as part of the trust
administration process, and in particular, common circumstances in which a subtrust
funding (or non-funding) determination by a surviving settlor has been made the subjectof post-allocation litigation in the courts. Learn about the what and why of subtrust
funding, the applicable rules when the first spouse passes, what can happen whensubtrusts remain unfunded for the entirety of the Survivor’s administration, when subtrusts
become reallocated after the first spouse passes, when the surviving settlor allocates the“better” assets to the Survivor’s subtrust, who makes community and separate property
characterization determinations, how are “improper” subtrust allocation cases best litigatedand what about portability?

		

ROBIN L. KLOMPARENS, Attorney		

GLEN M. REISER, Judge, (Ret.)		AMY TAKAHASHI, CPA, JD, LLM Tax

		 CONTROVERSIESA View from the Driver’s Seat		This session will discuss how the wealth transfer planning documentation and the overall
wealth transfer strategy are viewed by a corporate trustee. Learn why corporate trustees
request certain provisions; what provisions and types of assets do corporate trustee’s findcertain most challenging; what things Wealth Transfer Advisors need to think about whendrafting trusts; and other wealth transfer strategies and how they practically are handled
and play out in real-life trust administration situations. Better understand how a thoughtful
and well-designed wealth transfer strategy roadmap will help the driver get to the intended
destination.
JEFFAY CHANG, Senior Vice President & Senior Trust & Estate Specialist		

ANNE GIFFORD EWING, Senior Vice President & Senior Trust & Estate Specialist		ROEE KAUFMAN, Attorney
FIDUCIARY		

Private Family Trust Companies and Single-Family Offices
This session will take a deep dive into the common structures utilized when setting-up
Single-Family Offices (SFO’s) and Private Family Trust Companies (PFTC’s) used by WealthTransfer Advisors for affluent clients. Learn about the most tax-efficient ways to establish
and operate both distinct entities, the common (and uncommon) structures and bestpractices in the management and administration. Better understand how to help families
achieve their objectives while also navigating the complex legal issues and maximizing wealthtransfer opportunities. Also included will be a complete and comprehensive analysis of family
governance and control issues, employment compliance for family office staff, fiduciary andtrust accounting issues, succession planning and how to avoid potential conflicts between

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H AWA I I TA X I N S T I T U T E P R O G R A M
beneficiaries.
		

MATTHEW HOCHSTETLER, Attorney

		

BRENDAN P. MACMILLAN, Chief Investment Officer

		

PRATIK PATEL, Attorney

		

FINANCIAL

Solutions For Managing Highly Appreciated Assets		This session will describe different techniques for managing highly appreciated assets. Learn
about the types of highly appreciated assets, how to manage them and what to do with themduring life or after the death of an owner.

		

WILLIAM H. ATHA, II., Senior Vice President, Wealth Management

		

LISA DETANNA, Managing Director, Senior. Vice President Investments

		

MEGAN L. JONES, Attorney		

PLANNING

Creating a True Comprehensive Plan – The Danger of Excessive Focus on
Estate Tax Savings Planning		This session will focus on understanding all aspects of wealth transfer planning and creating
a true comprehensive plan. Learn about the pitfalls of over emphasizing estate tax savingsin lieu of other wealth planning goals, legacy and family goals and much more. Greater
emphasis and sensitivity to the issues that will be discussed should be considered by all
Wealth Transfer Advisors, especially considering the upcoming expiration of the current
exemption amount at the end of 2025.

		

DANIEL FAN, Senior Managing Director

		

STEFANIE LIPSON, Attorney

		

TAX

Entering the World of Like-Kind Exchanges of Real Property and How To Separate fromyour Pass-Through Partners and Defer the Capital Gain Using IRC Section 1031

			 This session will discuss IRC 1031 tax-deferred exchange basics, how to design passthrough entity structures and strategies to optimize benefits of a IRC Section 1031
exchange and what vehicles are available to exchange for your client’s real property toachieve the desired outcome. Learn how to help your clients separate from partners, defer
the income tax, maximize the value of this transaction and achieve the desire level ofmanagement and involvement in the new property after the exchange.
			 JEFFREY A. MANNISTO, Attorney
			 GEAL TALBERT, Senior Vice President
4:50 pm – 5:00 pm

Questions and Answers

THURSDAY, November 7
7:00 am – 8:00 am

Continental Breakfast

8:00 am – 8:45 am

Complying with Corporate Transparency Act Reporting Rules and Implications for
Family Offices and Their Advisors		The 2021 National Defense Authorization Act included a controversial new law, theCorporate Transparency Act (CTA), which directed the U.S. Department of Treasury to
promulgate sweeping new corporate beneficial ownership reporting requirements relating
to U.S. companies. This law represents the most significant revision to the U.S. anti-money
laundering/countering the financing of terrorism (AML/CFT) compliance framework in morethan 20 years, since the USA Patriot Act of 2001, which introduced and imposed “KnowYour Customer” (KYC) regulations on all banks in the United States and requires financial
institutions to comply with rules regarding a “Customer Identification Program” and25

H AWA I I TA X I N S T I T U T E P R O G R A M“Customer Due Diligence.”		Affluent families and family offices are especially impacted by the CTA as they are often
associated with multiple corporations and other entities, and may maintain complex ownership structures as part of their estate and tax planning. While there are many exemptions to
the CTA reporting requirements, it seems that few will be available to the types of corporate
structures created to hold assets and investments of affluent families and family offices. As
a result, many affluent family members and family offices will find themselves squeezed bythese new rules, which threaten their ability to protect their privacy, confidential personal
information, assets, and investments.

		

DANIEL LORENZEN, Attorney

		

DANIELLE LOUTON, Attorney		

DOMINGO P. SUCH, III, Attorney

		

KAMAAINA

Stealing from Your Grandmother, Abusing Your Power in the Process and Ethical
Considerations

		This session will analyze how stealing from Grandma turned into abuse of power at thehighest levels of Hawaii law enforcement. Learn first-hand from the Former Federal Public
Defender and Author of the “Mailbox Conspiracy” what happened and why in this sordid
conspiracy by corrupt and recalcitrant authority figures. A complimentary autographed
copy of this best selling book will be available to the first 50 local community registrants in
attendance.

		

KENNETH L. LAWSON, Professor and Co-Director of the Hawaii Innocence Project		

ALEXANDER “ALI” SILVERT, Former Federal Public Defender and Author
CPE/Legal Ethics Credit available.

8:45 am – 9:00 am

Questions and Answers

9:00 am – 9:45 am

Practical and Ethical Issues with Loss of Capacity		As our clients age, Financial exploitation of the elderly continues to be an on-going problem.
This session will discuss the practical and ethical issues that arise with our aging clients, thebest practice tools and tips for Wealth Transfer Advisors to be aware of; the warning signs
when someone is losing capacity or is being unduly influenced and the dangers in having a
do-it-yourself plan that often leads to problems. The discussion will also include the everchanging area of wealth transfer planning for people under guardianship or conservatorship.

		

ANA MARIA LUNA, Judge		

DEBORAH J. TEDFORD, Attorney

		

DAVID W. TRADER, M.D.

				

CPE/Legal Ethics Credit available.
KAMAAINA

Speaking Out to Preserve Our Aloha: Public Corruption in the Land of Aloha and Ethical
Considerations

		This session will explore the world of public corruption in the land of Aloha and how the
public and Wealth Transfer Advisors can speak out to preserve our Aloha. Learn about theindicia and common elements of public corruption, how to see through what is really happening, the outlets of speaking out about it and how the public can be vigilant to preserve
our Aloha.

		

KENNETH L. LAWSON, Professor and Co-Director of the Hawaii Innocence Project		

RANDALL W. ROTH, Professor and Author		

ALEXANDER “ALI” SILVERT, Former Federal Public Defender and Author
CPE/Legal Ethics Credit available.

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H AWA I I TA X I N S T I T U T E P R O G R A M
9:45 am – 10:00 am

Questions and Answers

10:00 am – 10:45 am“Don’t Bank On It” : GenAI’s Risks to Earning and Transferring Wealth
Including Ethical Considerationss		This highly anticipated session will review the latest advances and trends in the capabilitiesof GenAI during 2023 - 2024, and the beneficial and malicious uses of those capabilities
that have the potential to affect wealth generation and all wealth transfer transactions.
Understand that in this ever changing area of law, ethical concerns and considerations andinnovation, the future is now.

		

LOUISE NEMSCHOFF, Attorney

		

CLAUDIA RAY, Attorney

		

ROLAND TROPE, Attorney				

CPE/Legal Ethics Credit available.
KAMAAINA

Keeping Our Kupuna Safe: Spotting Financial Elder Abuse and What To Do about It andthe Ethics Behind It		This highly informative and dynamic session will discuss how to keep our Kupuna safe fromfinancial elder abuse and what can be done to prevent it from happening. Learn about how
our elderly are susceptible/vulnerable to financial elder abuse, how capacity or the lack of
capacity can complicate things, the common fact patterns that arise in every financial elder
abuse situation and what you can do to protect our Kupuna.

		

REPRESENTATIVE FROM THE DISTRICT ATTORNEY’S OFFICE		PROBATE JUDGE		DAVID W. TRADER, M.D.
CPE/Legal Ethics Credit available.

10:45 am – 11:00 am

Questions and Answers

11:00 am – 11:30 am

Mahalo Puu Puus, Refreshments, and Desserts of Hawaii

11:30 am – 12:15 pm

Combining Trusts To Reduce Complexity and Costs		

When clients prepare their wealth transfer strategies, over many years they establish allsorts of different trusts for different reasons; ILITs to hold life insurance, SLATs to receive
large applicable exclusion gifts, IDITs to accomplish sale planning, GRATs, and theirrevocable living trusts. When clients pass, their children are often faced with having toadminister a number of different trusts – keeping separate accounts and filing numerous
income tax returns. They invariably ask “how can I combine/minimize the number of trusts I
have to handle for the rest of my life?”. There are tax and other considerations which impact
how that question can be answered, as well as life-time planning to minimize the numberof trusts. This session will discuss those issues as well as how to accomplish those trust
combinations – through decanting provisions in trusts, state law, or use of trust protectors.

		ANDREW M. KATZENSTEIN, Attorney

		

CAROLINE Q. ROBBINS, Attorney

12:15 pm – 12:30pm

Questions and Answers

12:30 pm – 1:30 pm

Fools Rush In		As was the case in 2012, as we near the sunset of the doubled gift and estate tax exclusion
amount, there will likely be a rush of clients eager to take advantage of the heightened exclusion amount before it is too late. Some of the planning techniques will be sound, others
less so, but even good planning techniques can be undermined by rushing to document thetransaction without esuring that the techniques is right for the client’s assets and by the27H AWA I I TA X I N S T I T U T E P R O G R A M		failure to properly document, implement, report, and maintain the chosen structure. This
important session will provide all Wealth Transfer Advisors with guidance as to what to do, how
to communicate with your clients and identify the top ten issues to watch for in the rush to thefinish line.

		

STEFANIE LIPSON, Attorney

		

LAURA A. ZWICKER, Attorney

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I M P O R TA N T I N F O R M AT I O N
REGISTER ONLINE: www.hitaxinstitute.org
All Sessions		
Single Day Pass

$995.00$495.00

Registration fees for All Sessions include daily lunches, ice cream social (Monday), tea & cookies (Tuesday), wine & cheese(Wednesday), pupus, refreshments and desserts of Hawaii (Thursday), and daily continental breakfasts.
MATERIALS: You will have access to download and/or print all materials in advance of the program. Hard copies of program
materials are not available.
HOTEL INFORMATION: Sheraton Waikiki Resort located at 2255 Kalakaua Avenue, Honolulu, Hawaii 96815 will be theheadquarters for the 61st Annual Hawaii Tax Institute.
Sheraton Waikiki Resort, while available until 5:00 p.m. local time on October 4, 2024, is offering a special run of the houseroom rate of $317 which includes City View, Mountain View, Partial Ocean View and Ocean Front rooms, for all Hawaii Tax
Institute participants. Please call (808) 921-4611. Category assignment will not be known until the day of arrival and will
be dependent on the availability in each category on arrival day.
CONTINUING EDUCATION CREDITS: Up to 40 hours (including the pre-conference sessions) of continuing education
Group-Live credits are available to attendees of the conference. This conference meets the educational requirements ofmany national/ state organizations and agencies with mandatory CLE/CPE requirements.
ACCOUNTANTS/CPAS (CPE): Approved guidelines for CPE set by the Hawaii State Board of Accountancy, State of Hawaii
Insurance Division, and the National Association of State Boards of Accountancy (NASBA) approval pending. This program
offers CPE ethics credits.
indicates CPE/Legal Ethics Credit available.
CERTIFIED FINANCIAL AND TRUST ADVISORS (CTFA): Applied for credit with the Institute of Certified Bankers – ICB
qualified credit approval is pending.
INSURANCE AGENTS: Approved guidelines for continuing education set by the State of Hawaii, Dept. of Consumer Affairs– Insurance Division, and the California Dept. of Insurance. The courses have been submitted and are pending approval, for
Hawaii and California only.
indicates Insurance Credit available for HI and CA only.
FINANCIAL PLANNERS (CFP): Approved guidelines for CFP credits and the Hawaii Tax Institute Foundation andChaminade University are registered CFP Board CE Sponsors. Note: This program does not offer CFP ethics credits.
LAWYERS (MCLE, VCLE, MCPE): Approved MCLE provider, and certification that this activity qualifies for MCLE credit.
Continuing legal education credit has been applied for in every state that has mandatory continuing legal education
requirements and has been routinely granted for past institutes, including Hawaii’s VCLE and MCPE requirements.
indicates CPE/Legal Ethics Credit available.

indicates Legal Elimination of Bias Credit available.

LEGAL SPECIALIZATION (CALIFORNIA ONLY): Approved Legal Specialization provider, activity has been approved forLegal Specialization credit in Taxation law, and Legal Specialization credit in Estate Planning, Trust and Probate law, andLegal Specialization of Current Developments.
ENROLLED AGENTS: We are an approved CE Provider with the Internal Revenue Service.
We urge you to contact our office with questions regarding the availability of credit for a specific jurisdiction or profession,as we cannot guarantee that credit will be available in all cases.
CONTACT INFORMATION:
Phone: (808) 540-3931
E-Mail: info@hitaxinstitute.org
The Hawaii Tax Institute has gone green. Recharging outlets are available.

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S P E A K E R S F R O M AC R O S S T H E W O R L D
SANGNA CHAUHAN, Attorney
Charles Russell Speechlys
London, England

REBECCA PERLMUTTER, Asst. US Attorney
US Attorney’s Office, District of Hawaii
Honolulu, HI

CAROLINE D. CIRAOLO, Attorney
Kostelanetz LLPWashington, DC

LISA PIEHL, Program Manager, IRS Estate and Gift
Tax Policy Division
Woodland Hills, California

JEREMIAH W. DOYLE, IV, Senior Vice President
BNY Mellon Wealth Management
Boston, Massachusetts

MICHAEL QUIGLEY, Attorney
Kim & Chang
Seoul, Korea

S. STACY EASTLAND, Attorney
Yetterberg Deery & Knull LLP
Houston, Texas

CHARLES “CLARY” A. REDD, Attorney
Stinson LLP
St. Louis, Missouri

GUY FICCO, Chief
IRS Criminal Investigation
Washington, DC

CHARLES P. RETTIG, Former Commissioner of IRS
Chamberlain Hrdlicka
Houston, Texas

KURT K. KAWAFUCHI, Attorney
Former Director State Taxation
Honolulu, Hawaii

ERIC ROOSE, Attorney
Withersworldwide
Tokyo, Japan

PAUL S. LEE, Chief Tax Strategist
Northern Trust
New York, New YorkEMIN TORO, Tax Court Judge
US Tax Court
Washington, DC

PETER NI, Attorney
Zhong Lun Law Firm
Shanghai, China

VISIT OUR WEBSITE : www.hitaxinstitute.org

Hawaii Tax Institute Foundation • P.O. Box 1381 • Honolulu, Hawaii 96807(808) 540-3931 www.hitaxinstitute.org

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