Upcoming Seminars

Boston Tax Institute

Federal Income Taxation of Decedents, Estates and Trusts, A 1041 Workshop

ARE YOU READY FOR THE 2012 TAX SEASON?

You probably have the Form 1040s ready to go, but are you sure you are preparing Form 1041 correctly? Have you ever read the trust or a copy of the Will and the underlying income and expenses attributable to the Form 1041 preparation? Have the trusts ever been actually funded?

Come to this seminar and brush up on your skills and you will learn the following:

Proper allocation of income and expenses to obtain the decedent's return and the decedent's estate income tax return.
How to identify simple trusts and complex trusts
How to compute Distributable Net Income (DNI) and the income tax distribution deduction for simple trusts and complex trusts
How to deal with Tax Exempt Income & Fiduciary fees
The difference between trust accounting income and trust taxable income
The separate shares rule as it relates to estates and trusts
How to fund marital shares and by-pass shares
Understanding the difference between pecuniary shares and fractional shares and the income tax consequences attributable to both
Final year considerations and in-kind distributions
Income in respect of decedent and the 691(c) deduction in detail
S corporation planning
Intentionally defective grantor trusts (How to identify an IDGT and how to report income tax consequences attributable to an IDGT)
How to complete Form 1041 - Numerous examples!

Presented by

Leo J. Cushing, Esq., CPA, LLM

Date: January 17, 2012

Time: 9:00AM - 5:00PM

Location: HYATT house Boston/Waltham

54 Fourth Avenue

Waltham, MA

Women's Council of Realtors

What Every Real Estate Professional Needs to Know About the New Massachusetts Uniform Probate Code

Topics Covered:

Intestacy, and Heirs at Law
Per Capita at Each Generation
Virtual Representation
Statute of Limitations
License to Sell
Inventory and Accounts
Options for Closing Estates
The Transitional Rule

Presented by

Leo J. Cushing, Esq., CPA, LLM

Date: January 18, 2012

Time: 10:30AM - 12:30PM

Location: Papa Razzi

16 Washington Street

Wellesley, MA

MetLife Seminar

Reverse Mortgages in 2012 & Beyond: A New Paradigm

January 26, 2012

Massachusetts Society of Certified Public Accountants

Annual State Tax Conference

Estate Planning Update

This session will cover estate planning issues, including 2011/2012 federal and MA estate and gift tax issues, including the benefits and risks of portability, for MA only, the MA "Carryover basis" issues for property inherited from 2010 MA decedents and the new MA alimony rules that are taking effect in March of 2012 and the new intestacy rules under the new MUPC effective January 1^st, 2012.

Presented by:

Leo J. Cushing, Esq., CPA, LLM

Cushing & Dolan, P.C., Attorneys At Law

George L Cushing, Senior Counsel

McLane, Graf, Raulerson & Middleton

Date: January 26, 2012

Time: 2:15PM - 3:30PM

Location: Sheraton Framingham

1657 Worcester Road

Framingham, MA

Massachusetts Continuing Legal Education (MCLE)

Medicaid Update 2012

What the Regulations Don't Tell You, But You Need To Know

This program provides an overview of current regulations and recent case law in Massachusetts and offers guidance to help you develop effective planning techniques.

The landscape of Medicaid Planning in 2011 was marked by numerous decisions over the last five years including Doherty, Clark, Wilson, Cuddemi, Victor, O'Brien, Shelales, Guerriero, Maguire, and Jackson.

You will learn

How to draft an effective Irrevocable Trust under Doherty and Guerriero
How to draft a Testamentary Trust in light of Victor
The lookback and penalty period in light of the Shelales case
Private Annuities and Promissory Notes in light of O'Brien, Jackson, Clark, Cuddemi, and Wilson
Are personal care contracts permissible after Morrison?
The caretaker child exception after Maguire
Should your Medicaid Trust permit the donor to use and occupy the family home?
How to be prepared to litigate and win attorney's fees
How to protect yourself from legal malpractice claims

Agenda and written materials

Copies and Analysis of Recent Cases
Analysis of Planning Opportunities
Sample Trust Documents with Annotations
"Ask the Experts" Q&A Session

TUITION includes written materials

Presented by:

Leo J. Cushing, Esq., CPA, LLM and

Todd E. Lutsky, Esq., LLM

Date: April 3, 2012

Time: 8:30AM - 12:30PM

Location: MCLE Conference Center

10 Winter Place

Boston, MA

Massachusetts Continuing Legal Education (MCLE)

Latest Techniques for Middle Class Estates - ALL NEW

Where affordability and flexibility intersect

On December 17, 2010, President Obama signed the "Tax Relief, Unemployment Insurance Reauthorization and Jobs Creation Act of 2010," which temporarily extended the so-called "Bush Tax Cuts." As a result, a moderate estate now includes married couples with combined assets up to $10,240,000 at least for federal estate tax purposes, but only until December 31, 2012. On top of this, Massachusetts considers married couples with $2 million dollars to be wealthy and does not have a gift tax. One out of two individuals will spend at least one year in a nursing home. Can effective estate tax planning be combined with effective Medicaid planning? Should your clients consider giving away up to $5,120,000 each?

You will learn

How to blend effective Estate Tax Planning with Medicaid Planning
The benefits and pitfalls of portability
Should your client take advantage of the $5 million gift tax exemption before December 31, 2012?
Why the Massachusetts estate tax exemption is really $5,120,000 with a giving program
Should your trusts be revocable or irrevocable?
How to obtain a step-up in basis even if the trust is irrevocable
How to effectively utilize Powers of Appointment
How to handle retirement assets
How to deal with the new Massachusetts Homestead Statute

Faculty:

Leo J. Cushing, Esq., CPA, LLM, Chair

Cushing & Dolan, P.C.

Todd E. Lutsky, Esq., LLM

Cushing & Dolan, P.C.

Matthew J. Marcus, Esq.

Colucci, Colucci, Marcus & Flavin, P.C.

Dates and Locations:

BOSTON

Friday, May 11, 2012

8:30AM - 12:30PM

MCLE Conference Center