PROGRAM SCHEDULE

7:15 am Registration and Continental Breakfast

Sponsored by The Private Client Reserve of U.S. Bank

8:15 am Welcome and Opening Remarks Kim Spaulding, CPA

EPC Seminar Chair, 2017

8:30 am Paul S. Lee, J.D., LL.M Modern Uses of Partnerships in Estate

Planning ATRA has vaulted income tax planning and tax basis management to the forefront of estate planning. Entities taxed as partnerships are the ideal vehicle in this new paradigm. This presentation will discuss how partnerships (and disregarded entities) can be used to (i) change the basis of assets and maximize the “step-up” in basis, (ii) defer and shift tax items (income and deductions), (iii) diversify concentrated stock positions with little or no tax, (iv) dispose of those pesky installment notes currently in the grantor’s estate, and (v) transfer wealth in a world of diminishing valuation discounts (especially in light of the proposed section 2704 regulations).

10:00 am Break

10:20 am Jonathan Traub, J.D. Post-Election Tax Policy UpdateThe session covers a variety of topics including a review of the 2016 elections through the prism of tax policy. Mr. Traub will also look ahead at what 2017 and beyond may hold for tax legislation in Washington. He will also cover a broader examination of the factors pushing Congress to enact broad tax reform and other factors standing in the way.

11:20 am Karen E. Boxx, J.D.Washington Estate Planning UpdatesThis session will review recent Washington cases that dealt with such issues as interpreting Washington’s revocation on divorce statute, will execution requirements and applicable law, nursing home arbitration clauses and full faith and credit for another state’s guardianship orders. Recent and pending legislation, such as the new Power of Attorney Act and the proposed decanting statute, will also be discussed.

Susan N. Gary, J.D. Oregon Update: A Review of 2016 Cases and Legislation. This session will review recent Oregon cases, including cases involving the revocation of a trust as part of a marital dissolution, the charitable exemption from real estate taxes, and third party liability for elder abuse. We will also discuss the 2016 amendments to the Oregon probate statutes as well as additional probate amendments proposed for the 2017 session.

12:20 pm Lunch Sponsored by Union Bank

1:20 pm Concurrent Sessions Mark Parthemer, Esq., AEP

Trustee Selection Minefield: Tax and Non-Tax Issues Trustee selection is one of the most challenging aspects of trust structuring. Like Heisenberg’s uncertainty principle, the selection process is riddled with tradeoffs and tax traps for the unwary, whether a simple 2503(c) Minor’s Trust or a more complex dynasty “class” trust. This session will explore 20 key tax and non-tax considerations to empower advisors to assist clients in safely navigating the trustee selection minefield.

Michele A.W. McKinnon, J.D., LL.MCharitable Remainder and Charitable Lead Trusts: The Rules and Creative Planning Opportunities in the Current Tax and Economic Environment Charitable remainder and lead trusts offer significant income and transfer tax benefits, while enabling a donor to achieve philanthropic and personal objectives. Tax law changes, the low interest rate environment and other factors make these trusts particularly attractive for charitably motivated clients. Effective use of CRTs and CLTs requires an understanding of the applicable tax laws and the planning opportunities and careful attention to drafting and administration to comply with the technical tax rules. This program will address the tax rules that apply to CRTs and CLTs as well as the creative planning opportunities.

2:20 pm Break

2:35 pm Lester B. Law, J.D., LL.M.Richard Franklin, J.D., LL.MNever Pay Estate Taxes: The Annual Taxable Gifts Approach with a CLAT Remainder The Annual Taxable Gifts (ATGs) Approach is a tax efficient model of estate planning in which estate taxes are never paid. The ATGs Approach combines the benefits of (i) the tax exclusive structure of the gift tax regime, (ii) the transfer tax benefits of “grantor” trusts, and (iii) the power of compounding inside irrevocable dynastic grantor trusts outside the taxable estate.

3:30 pm Beth Shapiro Kaufman, J.D.Recent Federal Tax Updates. Ms. Kaufman will discuss recent federal tax regulations, rulings, and cases, including the proposed regulations under section 2704 on valuation discounts, and proposed regulations under sections 1014(f) and 6035 on basis consistency. She will also comment on rulings on portability and generation-skipping transfer tax issues, important recent cases, and other recent developments from 2016.

4:40 pm Reception Sponsored by Ferguson Wellman Capital

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GOLD SPONSORS

Silver SponsorsAKT, LLP | Allen Trust Company

American Cancer Society | Arnerich Massena Becker Capital Management

Bonhams International AuctioneersColumbia Trust Company

Confluence Wealth ManagementFirst Republic Private Wealth Management

Guide Dogs for the Blind | Jones & Roth CPAs Legacy Health Foundations | Moss AdamsNorthwest Investment Counselors, LLC

OHSU & Doernbecher FoundationsOregon Humane Society

Oregon Jewish Community Foundation Perkins & Co. | The Oregon Community Foundation Top Kohlbush & Hoem, llp | Umpqua Private BankUS Trust, Bank of America Private Wealth Mgmt.

Washington Trust Bank | Wells Fargo Private Bank Whittier Trust Company

Bronze SponsorsBessemer Trust | Buckley LawCable Huston, LLP | Delap LLP

Dunn, Carney, Allen, Higgins, Tongue, LLPMiller Nash Graham & Dunn LLP

Oregon Pacific Bank | Oregon Zoo FoundationSamuels Yoelin Kantor LLP

Schwabe Williamson & Wyatt | Stoel Rives, LLPStuart Weiss Business Valuation, Inc.

Thede Culpepper Moore Munro & Silliman, LLPUBS Private Wealth Management

46TH ANNUALESTATE PLANNING SEMINAR

FridayJanuary 20, 2017Oregon Convention CenterPortland, Oregon

Presented byEstate Planning CouncilOf Portland, inc.

Mark Parthemer is Senior Fiduciary Counsel at Bessemer. He joined Bessemer, an exclusive wealth management firm, in 2004 after private law practice in Pennsylvania and Florida. Mr. Parthemer is a frequent national lecturer and published author; an ACTEC Fellow, Chair, ABA Non-Tax Issues of Trusts & Estates; member Florida Bankers

Association, Trust Executive Committee and Chair of its Trust Legislation Committee; ABA Liaison to, and Chair of, Synergy Summit; and member, Florida and Pennsylvania Bar Associations. He frequently has been honored as one of the Best Lawyers in America, is a member of its Lifetime Achievement Award, and a Florida Super Lawyer.

Michele A.W. McKinnon serves as the chair of McGuire Woods, LLP’s nonprofit and tax-exempt organizations industry team in Richmond, VA. With more than 30 years of experience, Michele routinely represents many public charities, major colleges and universities, supporting organizations, large private foundations, and charitable trusts on

a variety of federal tax and governance matters. Ms. McKinnon received her B.A. degree from the University of Virginia (1982), her J.D. degree, magna cum laude, from the University of Richmond (1985), and her LL.M. in taxation from the College of William and Mary (1992).

Lester B. Law is a Managing Director at Abbot Downing. He is an ACTEC fellow and is Co-Chair for the ABA-RPTE Section’s Income and Transfer Tax Group. Lester received his BBA - Florida International University, MST - University of Miami, JD -The University of North Carolina at Chapel Hill, and LLM (Tax) - University of Florida

(graduating at the top of his class). Lester speaks nationally (including at the Heckerling and Notre Dame Tax and Estate Planning Institutes) and publishes articles frequently on estate planning topics. Lester was an adjunct professor at Ave Maria Law School and lectures annually at the Florida Trust School.

Richard Franklin focuses on estate planning, trusts and estate administration, and beneficiary and fiduciary representation for McArthur Franklin, PLLC in Washington, DC. He has spoken at numerous estate planning programs and written on estate planning topics for ACTEC Law Journal, Actionline, BNA Insights, Estate Planning, Journal

of Multistate Taxation and Incentives, Probate & Property, Steve Leimberg’s Newsletters, Tax Notes, The Florida Bar Journal, The Washington Lawyer, Trusts & Estates and the BNA Estates, Gifts & Trust Journal. Richard is a DC Super Lawyer®, is ranked in the 2009-2016 editions of The Best Lawyers® in America as a leading lawyer in the Trusts and Estates category, and rated AV® Preeminent™ by Martindale Hubbell. Richard speaks on topics that reflect his deep interests, and includes specific ideas that he recommends to clients and implements on their behalf. His focus is always on creative and innovative approaches to estate planning.

Register Onlineat www.epcportland.org

Registration Feesincludes continental breakfast, lunch and receptionEstate Planning Councilof Portland Members• $224 by December 20, 2016 • $275 after December 20, 2016Non Members• $274 by December 20, 2016• $295 after December 20, 2016

Program MaterialsAnd Audio Recordingof the presentations are available for purchase through the online system at at www.epcportland.org.

Continuing EducationCreditsCredits are being requested or are available from:The Oregon State BarOregon Board of AccountancyOregon Insurance DivisionOregon Board of Tax ExaminersWashington State BarWashington Board of AccountancyWashington Insurance DivisionInstitute of Certified BankersInvestment Management Consultants AssociationThe Certified Financial PlannersBetween 6.0 and 8.0 hours have been approved for past seminars.

CancellationsRefunds of tuition payments, less $50 for handling, will be made only if written cancellation request is received by January 6, 2017.

QuestionsPlease contact Harvey Gailat Spire Management, LLC503-371-7457 or epcseminars@gmail.com

Faculty

Paul S. Lee is a Senior Regional Wealth Advisor with The Northern Trust Company. Mr. Lee received a BA, cum laude, in English and a BA in chemistry from Cornell University, and a JD, with honors, from Emory University School of Law, where he was notes and comments editor of the Emory

Law Journal; he also received an L.LM. in taxation from Emory University. In 2014, Mr. Lee was inducted into the NAEPC Estate Planning Hall of Fame®, and designated an Accredited Estate Planner® (Distinguished). Mr. Lee is a frequent lecturer and panelist and has written articles that have been published by many journals including The ACTEC Law Journal, BNA Tax Management Estates, BNA Tax Management Memorandum, Estate Planning Journal and the Emory Law Journal.

Jonathan Traub is the managing principal of the Tax Policy Group of the Washington National Tax practice of Deloitte Tax LLP. He was previously the staff director for the Committee on Ways and Means of the U.S. House of Representatives, his most recent senior staff position in

the U.S. House of Representatives. During his tenure as Staff Director for the Committee on Ways and Means, Jon was responsible for developing legislative policies and strategy on issues in the Committee’s jurisdiction, including taxes, healthcare and trade. Jon received his bachelor’s degree from Haverford College and juris doctor from the University of Virginia.

Karen E. Boxx joined the faculty of the University of Washington School of Law in 1997. She teaches in the areas of trusts and estates, estate planning, community property, conflicts of laws and professional responsibility. Professor Boxx has been active in legislative reform, including

chairing a WSBA Task Force that drafted major revisions to Washington trust law enacted in 2011. She is a Fellow of the American College of Trust and Estate Counsel and a member of its Elder Law Committee.

Susan N. Gary, the Orlando J. and Marian H. Hollis Professor at the University of Oregon School of Law, received her B.A. from Yale University and her J.D. from Columbia University. She is an Academic Fellow of ACTEC, a Trustee on the University of Oregon Board of Trustees,

and a member of the Oregon Law Commission. She writes on legal definitions of family, fiduciary duties and the prudent investor standard, the regulation of charities, and mediation in estate planning.

Beth Shapiro Kaufman is a member in Caplin & Drysdale’s Washington, D.C. office where she serves as President of the Firm. Ms. Kaufman assists wealthy individuals with their estate planning, with a focus on minimizing taxes. She also advises lawyers and other professionals on complex issues regarding estate, gift, and generation-skipping transfer

taxes. Prior to rejoining Caplin & Drysdale in 2001, Ms. Kaufman worked for over six years in the Treasury Department’s Office of Tax Policy where she had principal responsibility for all tax policy matters affecting trusts and estates. Ms. Kaufman is a Fellow of the American College of Trust and Estate Counsel. She is a graduate of Harvard Law School, where she was Notes Editor of the Harvard Law Review, and Pomona College.

46TH ANNUALESTATE PLANNING SEMINAR

2017 AnnualSeminar Committee

Kimberly A. Spaulding, CPA (Chair)Perkins & Co.

Michele Wasson, J.D. (Vice Chair)Stoel Rives, LLP

Arlene Cogen, CFP®

Arlene Cogen Consulting

Sarie Crothers, J.D., L.L.M.Washington Trust Bank

Will Hamerman, CPAWells Fargo Private Bank

Amelia Heath, J.D.US Trust

Sharon Hogan, J.D.University of Portland

Kathleen Kee, CFP®

Confluence Wealth Management, LLC

Jaime Stimpson, CPA, PFS, CSEPAKT Wealth Advisors, LLP

Mary Strasdin, CPAMcDonald Jacobs

Katherine VanZanten, J.D.Cable Huston, LLP

Michael Walker, J.D.Samuels Yoelin Kantor