65TH ANNUAL

MONTANATAX INSTITUTE

NOVEMBER 3 - 4, 2017 • DOUBLETREE HOTEL • MISSOULA, MT

ATTORNEYS • ACCOUNTANTS • TRUST OFFICERS • FINANCIAL PLANNERS

DEVELOPMENT OFFICERS • INSURANCE PROFESSIONALS

GENEROUSLY SUPPORTED BY

32 Campus Drive (MLA002)Missoula, MT 59812-6552

REGISTRATION

Hotel AccommodationsA block of rooms for the Montana Tax Institute is available at the DoubleTree Hotel, (406) 728-3100. Ask for “Tax Institute 2017.” There are additional rooms at the Holiday Inn Downtown, (406) 728-3472 and the Comfort Inn - University, (406) 549-7600.

Registration InformationThe registration fee for the 65th Annual Montana Tax Institute is $375 if received by October 13. After October 13, the registration fee is $415. This fee covers tuition, presentation outlines, lunch on Friday, and the continental breakfasts on Friday and Saturday.

Refund Policy: A full refund is available if the cancellation is received by October 20, 2017. Cancellations will be refunded less a $50 processing fee if received after October 20, 2017. Cancellations will not be accepted after October 27, 2017. Attendee substitutions are welcomed.

To pay by check and register for the 65th Annual Montana Tax Institute, please complete the registration form below and return it with payment, payable to the Blewett School of Law at the University of Montana, to:

Alexander Blewett III School of LawUniversity of MontanaAttn: Tax Institute Registration32 Campus DriveMissoula, MT 59812-6552

To pay by credit card and register online for the 65th Annual Montana Tax Institute, please visit umt.edu/tax-institute.

Please register in advance. A limited number of walk-in registrations will be accommodated, with course materials not available until after the program.

Over There! Montanans in the Great WarPresented by the Montana Museum of Art and Culture, this exhibition focuses on the experiences of individuals from Montana or closely tied to the western state. The people whose lives are explored here through personal artifacts and works of art experienced the war’s glories and degradations first-hand. Open to the public with a suggested $5 donation. Exhibit is on display in the Paxson and Meloy Galleries at the UM Performing Arts and Radio-TV building. Friday hours: 12-6 p.m.; Saturday hours: 12-3 p.m. Website: umt.edu/montanamuseum.

University of Montana vs. Northern Arizona UniversityNovember 4 • 3:30 p.m. • Washington Grizzly StadiumTickets are available for the GRIZ vs. Northern Arizona University game by calling the UM Box Office at (406) 243-4051.

EVENTS

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Note: For multiple registrations, a separate form must be completed for each registrant.

REGISTRATION 65th Annual Montana Tax Institute Detach and return registration form. Please register in advance.

$375 if registration is received by October 13, 2017

$415 if registration is received after October 13, 2017

I am interested in the followingContinuing Education Credits:

Montana CLE

Idaho CLE

Washington CLE

Certified Public Accountant

Certified Banker CE

Enrolled Agent

Other:

The Private Bank

65TH ANNUAL

MONTANATAX INSTITUTE

The Private Bank

Eric K. AndersonAnderson & Heard, PLLCBillings, MT

Gary BjellandJardine, Stephenson, Blewett & Weaver, P.C. Great Falls, MT

David BjornsonBjornson Law Offices, PLLCMissoula, MT

Pippa BrowdeUniversity of MontanaMissoula, MT

J. Martin BurkeUniversity of MontanaMissoula, MT

David J. DietrichDietrich and Associates, PCBillings, MT

Samuel A. DonaldsonGeorgia State UniversityAtlanta, GA

E. Edwin EckMontana Department of JusticeHelena, MT

Elaine GagliardiUniversity of MontanaMissoula, MT

Kristen JurasUniversity of MontanaMissoula, MT

Martin J. LewisWells Fargo Private BankHelena, MT

Kathleen M. MagoneU.S. Bank Private Client GroupMissoula, MT

Daniel N. McLeanCrowley Fleck, PLLCHelena, MT

Martin J. McMahon, Jr.University of FloridaGainesville, FL

Gary RandallWorkland & WitherspoonSpokane, WA

Julie SirrsBoone Karlberg, PCMissoula, MT

Brett WeberFirst Interstate Wealth ManagementMissoula, MT

Cynthia R. WoodsAttorney at LawBillings, MT

Tax Institute Advisory Board

Application for Continuing Education Credits for the 65th Annual Montana Tax Institute is being made to:

• Montana State Bar Continuing Legal Education• Idaho State Bar Continuing Legal Education• Washington State Bar Continuing Legal Education• Institute of Certified Bankers

All other affiliations must submit independently including Certified Financial Planners, Certified Public Accountants, and Insurance Professionals.

Note, the Montana Board of Public Accountants does not require pre-approval for continuing education providers.

FRIDAY 11/3

7:15 - 8:00 a.m. Registration and Continental Breakfast

8:00 - 8:05 a.m. Welcome and Introduction - Dean Paul Kirgis, Alexander Blewett III School of Law

8:05 - 9:05 a.m. The Power of Powers - Clary ReddAmong the most useful tools at an estate planner’s disposal is the power of appointment. Clary Redd discusses the numerous types of powers of appointment and their potential tax consequences, the most efficacious power of appointment designs, the non-tax and tax-related objectives to be achieved by using powers of appointment and power of appointment traps of which to be aware and to avoid.

9:05 - 10:15 a.m. Asset Protection Planning - Nancy Roush and Jonathon ByingtonAsset protection is an important aspect of advising estate and business planning clients. The planner needs an understanding of the relevant practical and legal issues involved in order to provide effective advice. This presentation begins with a discussion of the types of creditors and the different ways creditors use Montana law to collect amounts owed them. The presentation continues with an overview of the basic building blocks and tools of asset protection and discussion of planning considerations when advising clients.

10:15 - 10:30 a.m. Break

10:30 - 11:30 a.m. Washington Update: Prospects for Tax Changes Nine Months into the Trump Administration - Ron AucuttAn up-to-the-minute report from Inside the Beltway, addressing the pressing questions of 2017 like: Will there be tax reform? If so, when, how, and what? Will the estate tax be repealed? Or is it really permanent? What in the world is happening with valuation discounts? Can the consistent basis rules ever make any sense? What else is happening that will affect estate planning?

11:30 - 12:15 p.m. Business Transition Options for the Closely Held Business Owner - Jeremy MillerWith an estimated 75% of closely held businesses transitioning in the next 10 years, owners of closely held businesses are facing a “keep vs. sell” decision as they determine how to plan for their business transition. This presentation focuses on the “sell” side decision and provides an overview of the advantages, disadvantages and major tax considerations of the most prevalent options business owners use to transition their business outside of their family, including leveraged employee stock ownership plans (ESOPs), mergers and acquisitions, and internal buyout by key employee(s) or management. Mr. Miller also discusses the major business and personal planning considerations correlated to these sell side decisions.

12:15 - 1:15 p.m. Luncheon

The annual Tax Institute Luncheonis generously hosted by:

1:15 - 2:15 p.m. Current Developments in the Taxation of Corporations and Their Shareholders and Partnerships and Their Partners - Bruce McGovern and Martin McMahon2017 brings with it a number of developments in the areas of partnership and corporate taxation. This session reviews the most significant statutory enactments, judicial decisions, IRS rulings, and Treasury regulations promulgated during the last twelve months that affect the domestic income taxation of corporations and their shareholders, and partnerships and their partners.

2:15 - 3:15 p.m. Taxable Sales of S Corporations - James WalkerMore than 60 percent of all corporations elect S status. This session addresses planning strategies to minimize tax consequences on the sale of an S corporation. The presentation discusses tax issues from both buyer (i.e., amortization, deductions) and seller (i.e., capital gain or ordinary income) perspectives. It analyzes the advantages and disadvantages of stock sales, asset sales and unique tax rules that allow a stock sale to be treated as an asset sale through either a Section 338 election or the recent Section 336(e) election.

3:15 - 3:30 p.m. Break

3:30 - 4:30 p.m. Solving Tax and Non-Tax Issues with Montana’s Uniform Trust Code - Bruce Flynn andAnthony McCormickThe constancy of change necessitates the ability to adapt and to resolve issues not previously anticipated. This statement is especially true in the area of trust administration where irrevocable provisions often make adjusting to changed circumstances difficult. The presentation addresses opportunities provided by Montana’s Uniform Trust Code to efficiently resolve both tax and non-tax issues during trust administration. It compares alternatives for achieving trust modification, suggests opportunities for resolving disputes and discusses best options for representation of unascertained beneficiaries.

4:30 - 5:30 p.m. Planning with Art and Collectibles - Ramsey SluggArt is an asset of passion. Combined with its unique financial characteristics, this makes it the most difficult asset class to incorporate into a comprehensive wealth and financial plan. This presentation explores the emotional, practical and tax aspects of appropriate planning.

5:30 p.m. Reception

The annual Tax Institute Receptionis generously hosted by:

SATURDAY 11/4

7:00 a.m. BETTR Law Section of the State Bar of MontanaAnnual meeting in the back of the seminar room.

7:15 a.m. Continental Breakfast

8:00 - 9:00 a.m. The Key to Building Wealth: Tax Free Compounding and How to Achieve It - Jonathan BlattmachrClients universally pursue investment strategies for the purpose of building wealth. Strategies often focus on obtaining high returns and minimizing income taxation. This presentation briefly discusses investment strategies, including a new methodology for obtaining high returns. It then explores how taxation erodes higher returns more than lower returns. It offers strategies for eliminating or reducing income taxation of returns and opportunities for tax-free compounding, which proves a key factor in building wealth.

9:00 - 10:00 a.m. Annual Income, Estate and Gift Tax Update - Sam DonaldsonProfessor Donaldson returns with his annual overview of the important cases, rulings, regulations and legislation from the past 12 months affecting individuals, estates and trusts. Move over Saturday Night Live, Saturday Morning Live is here!

10:00 - 10:15 a.m. Break

10:15 - 11:00 a.m. Debts and Taxes: An Overview of the Tax Consequences of the Discharge of Indebtedness - Pippa BrowdeProfessor Browde covers the tax consequences of the discharge of indebtedness. She addresses situations that do not give rise to cancellation of indebtedness income and the exclusions from gross income provided under Section 108. Professor Browde explains the special rules for discharge of indebtedness for a taxpayer who is insolvent or declaring bankruptcy, the rules related to qualified principal residences and farms, and the rules requiring reduction of tax attributes.

11:00 - 12:00 p.m. Navigating Current Ethical Issues When Representing Business and Estate Planning Clients - J. Martin Burke and Elaine GagliardiProfessors Burke and Gagliardi address application of the Rules of Professional Conduct as they relate to business and estate planning clients. The presentation highlights relevant case law of various jurisdictions together with formal ethics opinions. Topics include the representation of clients with diminished capacity, a lawyer’s duty of confidentiality, the issue of who is the lawyer’s client (e.g., the fiduciary, the business entity), and best practices in dealing with unrepresented persons.

Ronald D. Aucutt is a partner in the Tysons Corner, Virginia office of McGuireWoods LLP and is co-chair of the firm’s Private Wealth Services Group. He has contributed to the formation of tax policy through legislation since 1976, as well as Treasury regulations. From 2014 through 2016 he served three years as a member of the Internal Revenue Service Advisory Council, and two years as chair of its “OPR Subgroup” (working with the IRS Office of Professional Responsibility). He was appointed in 2015 to be the Reporter for the current revision of the Uniform Principal and Income Act. Ron is a Fellow and former President (2003-04) of The American College of Trust and Estate Counsel (ACTEC), an academician of The International Academy of Estate and Trust Law and former member of its Council (2000-04), a former Vice Chair (Committee Operations) of the American Bar Association’s Section of Taxation (1998-2000), a Fellow of the American College of Tax Counsel and the American Bar Foundation, and a member of the Christian Legal Society. He is also a member of the Advisory Committee of the University of Miami Philip E. Heckerling Institute on Estate Planning and Tax Management’s Advisory Board on Estates, Gifts, and Trusts. He has been a lecturer in law at the University of Virginia School of Law. He has lectured on estate planning subjects at over 150 tax institutes and conferences nationwide and is the author of more than 200 published articles on estate planning and other tax subjects. He is co-author of Structuring Estate Freezes, published by Warren, Gorham & Lamont and supplemented twice a year. Ron was recognized as one of Washington’s 31 “Best Lawyers” in the December 2011 issue of Washingtonian and as one of the top 30 “Stars of the Bar” in the December 2009 issue of Washingtonian; he holds Chambers USA’s “Band 1” ranking for Wealth Management; and he was elected to the National Association of Estate Planners and Councils Estate Planning Hall of Fame and given the designation of Distinguished Accredited Estate Planner in 2009. He was awarded the 1995-1996 Estate Planner of the Year Award by the Washington, D.C. Estate Planning Council. His biography appears in Who’s Who in America, Who’s Who in American Law, Who’s Who in Finance and Industry, and Who’s Who in the World. He is also listed in the Best Lawyers in America. Ron was in the Navy from 1970 to 1973. He served in Vietnam and achieved the rank of lieutenant. Ron received a B.A. degree in 1967 and a J.D. degree in 1975, both from the University of Minnesota.

Jonathan G. Blattmachr is a principle of Pioneer Wealth Partners, LLC, a boutique wealth advisor firm in Manhattan, and the director of estate planning of the Alaska Trust Company. He is a retired member of Milbank, Tweed, Hadley & McCloy and of the New York, California and Alaska bars. He has authored or co-authored seven books and over 500 articles. He has chaired several committees of the New York and American Bar Associations and the American College of Trust and Estate Counsel. Jonathan is a Fellow and a former Regent of the American College of Trust and Estate Counsel and past chair of its Estate and Gift Tax Committee. Among professional activities, which are too numerous to list, Jonathan has served as an Advisor on The American Law Institute, Restatement of the Law, Trusts 3rd, and as a Fellow and Director of The New York Bar Foundation and as a Fellow of the American Bar Foundation. Jonathan graduated from Columbia University School of Law cum laude, where he was recognized as a Harlan Fiske Stone Scholar, and received his A.B. degree from Bucknell University, majoring in mathematics. He served as an officer in the United States Army from 1970 to 1972 and was awarded the Army Commendation Medal. He is co-developer of Wealth Transfer Planning, a computerized system for lawyers that automatically generates estate planning documents, such as wills and trusts, and provides specific client advice using a form of artificial intelligence.

Pippa Browde, an Associate Professor of Law at the Alexander Blewett III School of Law at the University of Montana, teaches courses in Federal Income Taxation, Tax Procedure, Taxation of Business Entities, and Taxation of Property Transactions. Prior to teaching, Professor Browde worked as a tax attorney for the Internal Revenue Service Office of Chief Counsel in Sacramento, California and New York City. She clerked for the Honorable Cynthia A. Fry on the New Mexico Court of Appeals. Professor Browde earned her J.D. from the University of New Mexico School of Law and her LL.M. in Taxation from New York University School of Law.

J. Martin Burke is Emeritus Professor of Law and formerly served as Regents Professor of Law and Dean of the University of Montana School of Law. He served as the Director of the UM Tax Institute for more than 25 years. Burke has taught in the tax programs at New York University, the University of Florida, and the University of Washington. He earned his J.D. at the University of Montana School of Law and his LL.M. in Taxation at New York University. He is co-author with Michael K. Friel of Taxation of Individual Income (11th Ed.)(LexisNexis 2015), Taxation of Partnerships and Limited Liability Companies Taxed as Partnerships (Carolina Academic Press 2016) and Understanding Federal Income Tax (5th ed.) (Carolina Academic Press 2016). He is co-author with Friel and Elaine Hightower Gagliardi of Modern Estate Planning (2d ed.)(LexisNexis 2002).

Jonathon Byington is an associate professor at the Alexander Blewett III School of Law at the University of Montana. He teaches commercial law courses, including Bankruptcy, Business Transactions, Real Estate Transactions, and Secured Transactions (UCC Article 9). He serves as a Commissioner on the Uniform Law Commission. Before joining the law school faculty, Professor Byington was a partner with the law firm of Racine Olson, where his practice focused on secured financing and a variety of commercial transactions. He has been admitted to the Montana State Bar, the Idaho State Bar, and the Utah State Bar. Before entering private practice, Professor Byington served as a law clerk to Chief Justice Linda Copple Trout of the Idaho Supreme Court. He obtained Bachelor of Science Degrees in Finance and Economics from Utah State University

SPEAKERSand earned his Juris Doctorate Degree at the University of Idaho College of Law, where he graduated summa cum laude. He has published articles in the American Bankruptcy Law Journal, the Florida Law Review, and the American Bankruptcy Institute Law Review.

Samuel A. Donaldson is a Professor of Law at Georgia State University in Atlanta, Georgia. Prior to joining the Georgia State faculty in 2012, he was on the faculty at the University of Washington School of Law for 13 years. At UW, Professor Donaldson served for two years as Associate Dean for Academic Administration and for six years as the Director of the law school’s Graduate Program in Taxation. He teaches a number of tax and estate planning courses, as well as courses in the areas of property, commercial law and professional responsibility. Professor Donaldson is an Academic Fellow of the American College of Trust and Estate Counsel (ACTEC) and a member of the Bar in Washington, Oregon, and Arizona. Among his scholarly works, he is a co-author of the West casebook, Federal Income Tax: A Contemporary Approach, and a co-author of the Price on Contemporary Estate Planning treatise published by Wolters Kluwer. Professor Donaldson has served as a visiting professor of law both at Northwestern University and at the University of Florida Levin College of Law. An amateur crossword constructor, his puzzles have been published in The New York Times, The Wall Street Journal, The Washington Post, and other outlets.

Bruce P. Flynn, now Of Counsel with Perkins Coie, Seattle, Washington, practices in the area of estate planning and administration. He is a member of the American College of Trust and Estate Counsel. For more than two decades, he has been listed in the Best Lawyers in America and as one of Washington’s Super Lawyers. He has served the State Bar of Washington as president of the Seattle Estate Planning Council, chair of its Real Property, Probate and Trust Law Section, chair of the University of Washington Estate Planning Advisory Board, and chair of the Seattle Estate Planning Seminar. He was one of five members of the Trust Task Force which drafted Washington State’s 1999 Trust and Estate Dispute Resolution Act (TEDRA) that includes, among other things, provisions similar to the nonjudicial settlement provisions contained in the Uniform Trust Code adopted, in part, by Montana. Mr. Flynn who received his J.D. from the University of Montana in 1972 also serves as an emeritus trustee of the University of Montana Foundation, and is currently a member of the University of Montana, Blewett School of Law’s Board of Visitors.

Elaine Gagliardi is a Professor of Law at the Alexander Blewett III School of Law at the University of Montana and teaches in the areas of business and estate planning. She currently serves as Director of the law school’s Montana Tax Institute. Gagliardi is an Academic Fellow of the American College of Trust and Estate Counsel and of the American College of Tax Counsel. She has served as a past Chair of the State Bar of Montana’s Business, Estates, Trust, Tax and Real Estate Section. She co-authors, with J. Martin Burke and Michael K. Friel, Modern Estate Planning (2d ed.) (LexisNexis); currently authors How to Save Time and Taxes Handling Estates (Matthew Bender), and co-authors with James Delaney, Estate and Gift Tax Questions and Answers (2d Ed., Lexis Publishing 2013). Prior to teaching, Gagliardi practiced with Perkins Coie LLP in Seattle, and Day, Berry & Howard LLP, Hartford, Connecticut, and clerked for Hon. James R. Browning, Ninth Circuit Court of Appeals, and Hon. William J. Jameson, U.S. District Court, District of Montana. She earned her B.A. from Yale University, her J.D. from University of Montana, and her LL.M. in Taxation from New York University.

Anthony J. McCormick practices with the law firm of Perking Coie, Seattle, Washington, in its trust and estate planning group. In his practice, Tony counsels his clients in both the tax and non-tax aspects of estate planning and estate and trust administration, with a specific focus on estate planning strategies to efficiently minimize taxes through the creation of wills, trusts, business entities, and charitable organizations and the use of gifts, sales, and other wealth-transfer strategies. Tony’s practice also includes advising individuals and tax-exempt organizations on the wide range of legal issues affecting charitable giving, the formation of nonprofit organizations, and the organizational steps required to maintain a charitable organization’s tax exempt status. Tony earned his LL.M. in Taxation from New York University School of Law, his J.D. from the University of Montana with honors, and his B.S. in Accounting and B.A. in Psychology from the University of Montana with high honors.

Bruce A. McGovern is a professor of law at South Texas College of Law Houston, where he teaches in the areas of taxation and business organizations. For many years he also served as its Vice President and Associate Dean of Academic Administration. He currently serves as Director of the school’s Low Income Taxpayer Clinic. He has held visiting appointments at the University of Florida Levin College of Law and Loyola University Chicago School of Law. Bruce is a fellow of the American College of Tax Counsel. He speaks nationally and has presented at more than 25 different tax conferences. He co-authors Agency, Partnerships and Limited Liability Companies (Carolina Academic Press) and has authored numerous chapters in Consolidated Groups, CCH Tax Research Consultant (online treatise) (Chicago, Illinois, Commerce Clearing House Tax Research Network 2006). Prior to teaching, Bruce served as a judicial clerk for the Honorable Thomas Meskill, U.S. Court of Appeals, Second Circuit, and practiced law with Covington and Burling, Washington D.C. Bruce received his LL.M. in Taxation from the University of Florida Levin College of Law, his J.D. from Fordham University School of Law, and his B.A. from Columbia University.

Martin J. McMahon Jr. is the James J. Freeland Eminent Scholar in Taxation and Emeritus Professor of Law at the University of Florida College of Law, where he teaches in the Graduate Tax Program and is Editor-in-Chief of the Florida Tax Review. He received a B.A, in economics from Rutgers University, a J.D from Boston College Law School, and an LL.M. in Taxation from Boston University Law School. Professor McMahon taught previously at the University of Kentucky, and has been a

visiting professor at the University of Virginia. He was the Professor-in-Residence in the Office of Chief Counsel of the Internal Revenue Service in 1986 and 1987, and has been an instructor in the NYU/IRS Continuing Professional Education Program. Prof. McMahon is the co-author with Boris Bittker and Lawrence Zelenak of the treatise Federal Income Taxation of Individuals (Warren, Gorham & Lamont 1988, 2d ed. 1995, 3d ed., 2002), and, with the late Paul McDaniel and Daniel Simmons, of four text books on federal income taxation, Federal Income Taxation (Foundation Press, 1995, 4d ed., 1998, 5th ed., 2004, 6th ed., 2008), Federal Income Taxation of Business Organizations (Foundation Press 1991, 2d ed. 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2014), Federal Income Taxation of Corporations (Foundation Press 1997, 2d ed., 1999, 3rd ed., 2006, 4th ed., 2014), and Federal Income Taxation of Partnerships and S Corporations (Foundation Press, 1991, 2d ed., 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2012). In addition to publishing over fifty articles on various income taxation issues, Professor McMahon is a frequent speaker at tax conferences around the United States, and has lectured on U.S. taxation in a number of other countries, including Sweden, Germany, Poland, England, the Netherlands, Peru, and Chile. He has chaired the Teaching Taxation Committee of the ABA Tax Section and the Tax Section of the Association of American Law Schools. Professor McMahon is a fellow in the American College of Tax Counsel and the American Law Institute.

Jeremy Miller is a Business Transition Strategist for Wells Fargo Private Bank’s Mountain Northwest Regional Wealth Planning team. Jeremy advises business owner clients through the process of aligning their personal financial goals with their business strategies to prepare for their future business transition. Jeremy has over 13 years of collective experience across investment banking, corporate finance, ESOP and management consulting where he has advised shareholders on buy-outs, ESOPs, recapitalizations, and other transition options focused around the sale of a business. Jeremy graduated with a Masters of Business Administration from Utah State University and holds a Bachelor’s degree of Finance and Economics. Today, he resides in Hooper, Utah with his wife and six boys where he is a frequent speaker at business owner events, estate planning councils, other professional organizations and continues to advocate for owners who seek to maximize their business transition outcomes across the Mountain Northwest Region.

Charles A. “Clary” Redd is a partner with the firm of Stinson Leonard Street, St. Louis, Missouri. His practice concentrates in the areas of estate planning, and estate and trust administration and litigation. He is a nationally recognized speaker and author. He is the lead presenter in Cannon Financial Institute’s monthly estate planning teleconference series and an adjunct instructor in the Cannon Trust Schools. For many years he taught as an adjunct professor of law at Northwestern University School of Law. Clary serves as Co-Chair of the Editorial Advisory Board of, and writes a regular column in, Trusts & Estates magazine. He is an elected member of the American Law Institute and fellow and past regent of the American College of Trust and Estate Counsel. Clary has chaired the Missouri Bar’s Health Care Durable Power of Attorney Subcommittee, and served as an active member of the Missouri Bar Probate and Trust Committee and the Illinois Bar Section on Trusts and Estates.

Nancy Schmidt Roush is a partner with the firm of Lathrop Gage LLP, Kansas City, Missouri. Her practice focuses on business planning and estate planning. She is a nationally recognized speaker and author. Nancy is regularly invited to present as part of the ALI/ABA series and ACTEC seminars. She has authored numerous articles in the areas of asset protection and business planning. Nancy is listed in the Best Lawyers in America and in the Missouri/Kansas Super Lawyers. She is a fellow of the American College of Trust and Estate Counsel, is currently a Regent of that organization, and is also past president of its Business Planning Committee. Nancy is a past president of the Kansas Bar Association Tax Section and Real Estate, Probate and Trust Section and is a three time recipient of the Kansas Bar Association Outstanding Service Award.”

Ramsay H. Slugg is a Managing Director and member of the National Wealth Planning Strategies Group at U.S. Trust. Previously, he was the National Practice Director of Bank of America’s Philanthropic Management group. He has also served as an adjunct professor at Texas Christian University and Texas A&M College of Law. Mr. Slugg speaks frequently on tax and financial planning topics, especially as they relate to art and collectibles, and has been quoted in the Wall Street Journal, New York Times, Forbes, Barron’s and other business publications. He authors the Handbook of Practical Planning for Art Collectors and Their Advisors, published by the American Bar Association’s Section of Real Property, Trust and Estate Law. Mr. Slugg is admitted to practice law in Texas and has chaired the Tax and Estate Planning Section of the Tarrant County Bar. He currently serves as Co-chair of the American Bar Association’s Real Property Trust and Estate Law Art and Collectibles Committee, as well as holding several other leadership positions. Mr. Slugg received his J.D. degree from the Ohio State University College of Law, and his undergraduate degree from Wittenberg University.

James R. Walker is a partner with the Denver firm of Lewis Roca Rothgerber Christie, and chairs its Tax Practice Group and its Trust and Estate Practice Group. He is a fellow of both the American College of Trust and Estate Counsel and the American College of Tax Counsel. Mr. Walker has been listed in the Best Lawyers of America for more than a decade. He currently chairs the Colorado Bar Association’s Taxation Committee and in 2012 served as president of the Colorado Chapter of the American Association of Attorney Certified Public Accountants. He is an adjunct faculty member of the Graduate Tax Program at University of Denver Sturm College of Law. Mr. Walker received his LL.M. in Taxation from New York University School of Law, and J.D. from University of Denver Sturm College of Law.

Tax, Trusts and Estates Practice Group

FRIDAY 11/3

7:15 - 8:00 a.m. Registration and Continental Breakfast

8:00 - 8:05 a.m. Welcome and Introduction - Dean Paul Kirgis, Alexander Blewett III School of Law

8:05 - 9:05 a.m. The Power of Powers - Clary ReddAmong the most useful tools at an estate planner’s disposal is the power of appointment. Clary Redd discusses the numerous types of powers of appointment and their potential tax consequences, the most efficacious power of appointment designs, the non-tax and tax-related objectives to be achieved by using powers of appointment and power of appointment traps of which to be aware and to avoid.

9:05 - 10:15 a.m. Asset Protection Planning - Nancy Roush and Jonathon ByingtonAsset protection is an important aspect of advising estate and business planning clients. The planner needs an understanding of the relevant practical and legal issues involved in order to provide effective advice. This presentation begins with a discussion of the types of creditors and the different ways creditors use Montana law to collect amounts owed them. The presentation continues with an overview of the basic building blocks and tools of asset protection and discussion of planning considerations when advising clients.

10:15 - 10:30 a.m. Break

10:30 - 11:30 a.m. Washington Update: Prospects for Tax Changes Nine Months into the Trump Administration - Ron AucuttAn up-to-the-minute report from Inside the Beltway, addressing the pressing questions of 2017 like: Will there be tax reform? If so, when, how, and what? Will the estate tax be repealed? Or is it really permanent? What in the world is happening with valuation discounts? Can the consistent basis rules ever make any sense? What else is happening that will affect estate planning?

11:30 - 12:15 p.m. Business Transition Options for the Closely Held Business Owner - Jeremy MillerWith an estimated 75% of closely held businesses transitioning in the next 10 years, owners of closely held businesses are facing a “keep vs. sell” decision as they determine how to plan for their business transition. This presentation focuses on the “sell” side decision and provides an overview of the advantages, disadvantages and major tax considerations of the most prevalent options business owners use to transition their business outside of their family, including leveraged employee stock ownership plans (ESOPs), mergers and acquisitions, and internal buyout by key employee(s) or management. Mr. Miller also discusses the major business and personal planning considerations correlated to these sell side decisions.

12:15 - 1:15 p.m. Luncheon

The annual Tax Institute Luncheonis generously hosted by:

1:15 - 2:15 p.m. Current Developments in the Taxation of Corporations and Their Shareholders and Partnerships and Their Partners - Bruce McGovern and Martin McMahon2017 brings with it a number of developments in the areas of partnership and corporate taxation. This session reviews the most significant statutory enactments, judicial decisions, IRS rulings, and Treasury regulations promulgated during the last twelve months that affect the domestic income taxation of corporations and their shareholders, and partnerships and their partners.

2:15 - 3:15 p.m. Taxable Sales of S Corporations - James WalkerMore than 60 percent of all corporations elect S status. This session addresses planning strategies to minimize tax consequences on the sale of an S corporation. The presentation discusses tax issues from both buyer (i.e., amortization, deductions) and seller (i.e., capital gain or ordinary income) perspectives. It analyzes the advantages and disadvantages of stock sales, asset sales and unique tax rules that allow a stock sale to be treated as an asset sale through either a Section 338 election or the recent Section 336(e) election.

3:15 - 3:30 p.m. Break

3:30 - 4:30 p.m. Solving Tax and Non-Tax Issues with Montana’s Uniform Trust Code - Bruce Flynn andAnthony McCormickThe constancy of change necessitates the ability to adapt and to resolve issues not previously anticipated. This statement is especially true in the area of trust administration where irrevocable provisions often make adjusting to changed circumstances difficult. The presentation addresses opportunities provided by Montana’s Uniform Trust Code to efficiently resolve both tax and non-tax issues during trust administration. It compares alternatives for achieving trust modification, suggests opportunities for resolving disputes and discusses best options for representation of unascertained beneficiaries.

4:30 - 5:30 p.m. Planning with Art and Collectibles - Ramsey SluggArt is an asset of passion. Combined with its unique financial characteristics, this makes it the most difficult asset class to incorporate into a comprehensive wealth and financial plan. This presentation explores the emotional, practical and tax aspects of appropriate planning.

5:30 p.m. Reception

The annual Tax Institute Receptionis generously hosted by:

SATURDAY 11/4

7:00 a.m. BETTR Law Section of the State Bar of MontanaAnnual meeting in the back of the seminar room.

7:15 a.m. Continental Breakfast

8:00 - 9:00 a.m. The Key to Building Wealth: Tax Free Compounding and How to Achieve It - Jonathan BlattmachrClients universally pursue investment strategies for the purpose of building wealth. Strategies often focus on obtaining high returns and minimizing income taxation. This presentation briefly discusses investment strategies, including a new methodology for obtaining high returns. It then explores how taxation erodes higher returns more than lower returns. It offers strategies for eliminating or reducing income taxation of returns and opportunities for tax-free compounding, which proves a key factor in building wealth.

9:00 - 10:00 a.m. Annual Income, Estate and Gift Tax Update - Sam DonaldsonProfessor Donaldson returns with his annual overview of the important cases, rulings, regulations and legislation from the past 12 months affecting individuals, estates and trusts. Move over Saturday Night Live, Saturday Morning Live is here!

10:00 - 10:15 a.m. Break

10:15 - 11:00 a.m. Debts and Taxes: An Overview of the Tax Consequences of the Discharge of Indebtedness - Pippa BrowdeProfessor Browde covers the tax consequences of the discharge of indebtedness. She addresses situations that do not give rise to cancellation of indebtedness income and the exclusions from gross income provided under Section 108. Professor Browde explains the special rules for discharge of indebtedness for a taxpayer who is insolvent or declaring bankruptcy, the rules related to qualified principal residences and farms, and the rules requiring reduction of tax attributes.

11:00 - 12:00 p.m. Navigating Current Ethical Issues When Representing Business and Estate Planning Clients - J. Martin Burke and Elaine GagliardiProfessors Burke and Gagliardi address application of the Rules of Professional Conduct as they relate to business and estate planning clients. The presentation highlights relevant case law of various jurisdictions together with formal ethics opinions. Topics include the representation of clients with diminished capacity, a lawyer’s duty of confidentiality, the issue of who is the lawyer’s client (e.g., the fiduciary, the business entity), and best practices in dealing with unrepresented persons.

Ronald D. Aucutt is a partner in the Tysons Corner, Virginia office of McGuireWoods LLP and is co-chair of the firm’s Private Wealth Services Group. He has contributed to the formation of tax policy through legislation since 1976, as well as Treasury regulations. From 2014 through 2016 he served three years as a member of the Internal Revenue Service Advisory Council, and two years as chair of its “OPR Subgroup” (working with the IRS Office of Professional Responsibility). He was appointed in 2015 to be the Reporter for the current revision of the Uniform Principal and Income Act. Ron is a Fellow and former President (2003-04) of The American College of Trust and Estate Counsel (ACTEC), an academician of The International Academy of Estate and Trust Law and former member of its Council (2000-04), a former Vice Chair (Committee Operations) of the American Bar Association’s Section of Taxation (1998-2000), a Fellow of the American College of Tax Counsel and the American Bar Foundation, and a member of the Christian Legal Society. He is also a member of the Advisory Committee of the University of Miami Philip E. Heckerling Institute on Estate Planning and Tax Management’s Advisory Board on Estates, Gifts, and Trusts. He has been a lecturer in law at the University of Virginia School of Law. He has lectured on estate planning subjects at over 150 tax institutes and conferences nationwide and is the author of more than 200 published articles on estate planning and other tax subjects. He is co-author of Structuring Estate Freezes, published by Warren, Gorham & Lamont and supplemented twice a year. Ron was recognized as one of Washington’s 31 “Best Lawyers” in the December 2011 issue of Washingtonian and as one of the top 30 “Stars of the Bar” in the December 2009 issue of Washingtonian; he holds Chambers USA’s “Band 1” ranking for Wealth Management; and he was elected to the National Association of Estate Planners and Councils Estate Planning Hall of Fame and given the designation of Distinguished Accredited Estate Planner in 2009. He was awarded the 1995-1996 Estate Planner of the Year Award by the Washington, D.C. Estate Planning Council. His biography appears in Who’s Who in America, Who’s Who in American Law, Who’s Who in Finance and Industry, and Who’s Who in the World. He is also listed in the Best Lawyers in America. Ron was in the Navy from 1970 to 1973. He served in Vietnam and achieved the rank of lieutenant. Ron received a B.A. degree in 1967 and a J.D. degree in 1975, both from the University of Minnesota.

Jonathan G. Blattmachr is a principle of Pioneer Wealth Partners, LLC, a boutique wealth advisor firm in Manhattan, and the director of estate planning of the Alaska Trust Company. He is a retired member of Milbank, Tweed, Hadley & McCloy and of the New York, California and Alaska bars. He has authored or co-authored seven books and over 500 articles. He has chaired several committees of the New York and American Bar Associations and the American College of Trust and Estate Counsel. Jonathan is a Fellow and a former Regent of the American College of Trust and Estate Counsel and past chair of its Estate and Gift Tax Committee. Among professional activities, which are too numerous to list, Jonathan has served as an Advisor on The American Law Institute, Restatement of the Law, Trusts 3rd, and as a Fellow and Director of The New York Bar Foundation and as a Fellow of the American Bar Foundation. Jonathan graduated from Columbia University School of Law cum laude, where he was recognized as a Harlan Fiske Stone Scholar, and received his A.B. degree from Bucknell University, majoring in mathematics. He served as an officer in the United States Army from 1970 to 1972 and was awarded the Army Commendation Medal. He is co-developer of Wealth Transfer Planning, a computerized system for lawyers that automatically generates estate planning documents, such as wills and trusts, and provides specific client advice using a form of artificial intelligence.

Pippa Browde, an Associate Professor of Law at the Alexander Blewett III School of Law at the University of Montana, teaches courses in Federal Income Taxation, Tax Procedure, Taxation of Business Entities, and Taxation of Property Transactions. Prior to teaching, Professor Browde worked as a tax attorney for the Internal Revenue Service Office of Chief Counsel in Sacramento, California and New York City. She clerked for the Honorable Cynthia A. Fry on the New Mexico Court of Appeals. Professor Browde earned her J.D. from the University of New Mexico School of Law and her LL.M. in Taxation from New York University School of Law.

J. Martin Burke is Emeritus Professor of Law and formerly served as Regents Professor of Law and Dean of the University of Montana School of Law. He served as the Director of the UM Tax Institute for more than 25 years. Burke has taught in the tax programs at New York University, the University of Florida, and the University of Washington. He earned his J.D. at the University of Montana School of Law and his LL.M. in Taxation at New York University. He is co-author with Michael K. Friel of Taxation of Individual Income (11th Ed.)(LexisNexis 2015), Taxation of Partnerships and Limited Liability Companies Taxed as Partnerships (Carolina Academic Press 2016) and Understanding Federal Income Tax (5th ed.) (Carolina Academic Press 2016). He is co-author with Friel and Elaine Hightower Gagliardi of Modern Estate Planning (2d ed.)(LexisNexis 2002).

Jonathon Byington is an associate professor at the Alexander Blewett III School of Law at the University of Montana. He teaches commercial law courses, including Bankruptcy, Business Transactions, Real Estate Transactions, and Secured Transactions (UCC Article 9). He serves as a Commissioner on the Uniform Law Commission. Before joining the law school faculty, Professor Byington was a partner with the law firm of Racine Olson, where his practice focused on secured financing and a variety of commercial transactions. He has been admitted to the Montana State Bar, the Idaho State Bar, and the Utah State Bar. Before entering private practice, Professor Byington served as a law clerk to Chief Justice Linda Copple Trout of the Idaho Supreme Court. He obtained Bachelor of Science Degrees in Finance and Economics from Utah State University

SPEAKERSand earned his Juris Doctorate Degree at the University of Idaho College of Law, where he graduated summa cum laude. He has published articles in the American Bankruptcy Law Journal, the Florida Law Review, and the American Bankruptcy Institute Law Review.

Samuel A. Donaldson is a Professor of Law at Georgia State University in Atlanta, Georgia. Prior to joining the Georgia State faculty in 2012, he was on the faculty at the University of Washington School of Law for 13 years. At UW, Professor Donaldson served for two years as Associate Dean for Academic Administration and for six years as the Director of the law school’s Graduate Program in Taxation. He teaches a number of tax and estate planning courses, as well as courses in the areas of property, commercial law and professional responsibility. Professor Donaldson is an Academic Fellow of the American College of Trust and Estate Counsel (ACTEC) and a member of the Bar in Washington, Oregon, and Arizona. Among his scholarly works, he is a co-author of the West casebook, Federal Income Tax: A Contemporary Approach, and a co-author of the Price on Contemporary Estate Planning treatise published by Wolters Kluwer. Professor Donaldson has served as a visiting professor of law both at Northwestern University and at the University of Florida Levin College of Law. An amateur crossword constructor, his puzzles have been published in The New York Times, The Wall Street Journal, The Washington Post, and other outlets.

Bruce P. Flynn, now Of Counsel with Perkins Coie, Seattle, Washington, practices in the area of estate planning and administration. He is a member of the American College of Trust and Estate Counsel. For more than two decades, he has been listed in the Best Lawyers in America and as one of Washington’s Super Lawyers. He has served the State Bar of Washington as president of the Seattle Estate Planning Council, chair of its Real Property, Probate and Trust Law Section, chair of the University of Washington Estate Planning Advisory Board, and chair of the Seattle Estate Planning Seminar. He was one of five members of the Trust Task Force which drafted Washington State’s 1999 Trust and Estate Dispute Resolution Act (TEDRA) that includes, among other things, provisions similar to the nonjudicial settlement provisions contained in the Uniform Trust Code adopted, in part, by Montana. Mr. Flynn who received his J.D. from the University of Montana in 1972 also serves as an emeritus trustee of the University of Montana Foundation, and is currently a member of the University of Montana, Blewett School of Law’s Board of Visitors.

Elaine Gagliardi is a Professor of Law at the Alexander Blewett III School of Law at the University of Montana and teaches in the areas of business and estate planning. She currently serves as Director of the law school’s Montana Tax Institute. Gagliardi is an Academic Fellow of the American College of Trust and Estate Counsel and of the American College of Tax Counsel. She has served as a past Chair of the State Bar of Montana’s Business, Estates, Trust, Tax and Real Estate Section. She co-authors, with J. Martin Burke and Michael K. Friel, Modern Estate Planning (2d ed.) (LexisNexis); currently authors How to Save Time and Taxes Handling Estates (Matthew Bender), and co-authors with James Delaney, Estate and Gift Tax Questions and Answers (2d Ed., Lexis Publishing 2013). Prior to teaching, Gagliardi practiced with Perkins Coie LLP in Seattle, and Day, Berry & Howard LLP, Hartford, Connecticut, and clerked for Hon. James R. Browning, Ninth Circuit Court of Appeals, and Hon. William J. Jameson, U.S. District Court, District of Montana. She earned her B.A. from Yale University, her J.D. from University of Montana, and her LL.M. in Taxation from New York University.

Anthony J. McCormick practices with the law firm of Perking Coie, Seattle, Washington, in its trust and estate planning group. In his practice, Tony counsels his clients in both the tax and non-tax aspects of estate planning and estate and trust administration, with a specific focus on estate planning strategies to efficiently minimize taxes through the creation of wills, trusts, business entities, and charitable organizations and the use of gifts, sales, and other wealth-transfer strategies. Tony’s practice also includes advising individuals and tax-exempt organizations on the wide range of legal issues affecting charitable giving, the formation of nonprofit organizations, and the organizational steps required to maintain a charitable organization’s tax exempt status. Tony earned his LL.M. in Taxation from New York University School of Law, his J.D. from the University of Montana with honors, and his B.S. in Accounting and B.A. in Psychology from the University of Montana with high honors.

Bruce A. McGovern is a professor of law at South Texas College of Law Houston, where he teaches in the areas of taxation and business organizations. For many years he also served as its Vice President and Associate Dean of Academic Administration. He currently serves as Director of the school’s Low Income Taxpayer Clinic. He has held visiting appointments at the University of Florida Levin College of Law and Loyola University Chicago School of Law. Bruce is a fellow of the American College of Tax Counsel. He speaks nationally and has presented at more than 25 different tax conferences. He co-authors Agency, Partnerships and Limited Liability Companies (Carolina Academic Press) and has authored numerous chapters in Consolidated Groups, CCH Tax Research Consultant (online treatise) (Chicago, Illinois, Commerce Clearing House Tax Research Network 2006). Prior to teaching, Bruce served as a judicial clerk for the Honorable Thomas Meskill, U.S. Court of Appeals, Second Circuit, and practiced law with Covington and Burling, Washington D.C. Bruce received his LL.M. in Taxation from the University of Florida Levin College of Law, his J.D. from Fordham University School of Law, and his B.A. from Columbia University.

Martin J. McMahon Jr. is the James J. Freeland Eminent Scholar in Taxation and Emeritus Professor of Law at the University of Florida College of Law, where he teaches in the Graduate Tax Program and is Editor-in-Chief of the Florida Tax Review. He received a B.A, in economics from Rutgers University, a J.D from Boston College Law School, and an LL.M. in Taxation from Boston University Law School. Professor McMahon taught previously at the University of Kentucky, and has been a

visiting professor at the University of Virginia. He was the Professor-in-Residence in the Office of Chief Counsel of the Internal Revenue Service in 1986 and 1987, and has been an instructor in the NYU/IRS Continuing Professional Education Program. Prof. McMahon is the co-author with Boris Bittker and Lawrence Zelenak of the treatise Federal Income Taxation of Individuals (Warren, Gorham & Lamont 1988, 2d ed. 1995, 3d ed., 2002), and, with the late Paul McDaniel and Daniel Simmons, of four text books on federal income taxation, Federal Income Taxation (Foundation Press, 1995, 4d ed., 1998, 5th ed., 2004, 6th ed., 2008), Federal Income Taxation of Business Organizations (Foundation Press 1991, 2d ed. 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2014), Federal Income Taxation of Corporations (Foundation Press 1997, 2d ed., 1999, 3rd ed., 2006, 4th ed., 2014), and Federal Income Taxation of Partnerships and S Corporations (Foundation Press, 1991, 2d ed., 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2012). In addition to publishing over fifty articles on various income taxation issues, Professor McMahon is a frequent speaker at tax conferences around the United States, and has lectured on U.S. taxation in a number of other countries, including Sweden, Germany, Poland, England, the Netherlands, Peru, and Chile. He has chaired the Teaching Taxation Committee of the ABA Tax Section and the Tax Section of the Association of American Law Schools. Professor McMahon is a fellow in the American College of Tax Counsel and the American Law Institute.

Jeremy Miller is a Business Transition Strategist for Wells Fargo Private Bank’s Mountain Northwest Regional Wealth Planning team. Jeremy advises business owner clients through the process of aligning their personal financial goals with their business strategies to prepare for their future business transition. Jeremy has over 13 years of collective experience across investment banking, corporate finance, ESOP and management consulting where he has advised shareholders on buy-outs, ESOPs, recapitalizations, and other transition options focused around the sale of a business. Jeremy graduated with a Masters of Business Administration from Utah State University and holds a Bachelor’s degree of Finance and Economics. Today, he resides in Hooper, Utah with his wife and six boys where he is a frequent speaker at business owner events, estate planning councils, other professional organizations and continues to advocate for owners who seek to maximize their business transition outcomes across the Mountain Northwest Region.

Charles A. “Clary” Redd is a partner with the firm of Stinson Leonard Street, St. Louis, Missouri. His practice concentrates in the areas of estate planning, and estate and trust administration and litigation. He is a nationally recognized speaker and author. He is the lead presenter in Cannon Financial Institute’s monthly estate planning teleconference series and an adjunct instructor in the Cannon Trust Schools. For many years he taught as an adjunct professor of law at Northwestern University School of Law. Clary serves as Co-Chair of the Editorial Advisory Board of, and writes a regular column in, Trusts & Estates magazine. He is an elected member of the American Law Institute and fellow and past regent of the American College of Trust and Estate Counsel. Clary has chaired the Missouri Bar’s Health Care Durable Power of Attorney Subcommittee, and served as an active member of the Missouri Bar Probate and Trust Committee and the Illinois Bar Section on Trusts and Estates.

Nancy Schmidt Roush is a partner with the firm of Lathrop Gage LLP, Kansas City, Missouri. Her practice focuses on business planning and estate planning. She is a nationally recognized speaker and author. Nancy is regularly invited to present as part of the ALI/ABA series and ACTEC seminars. She has authored numerous articles in the areas of asset protection and business planning. Nancy is listed in the Best Lawyers in America and in the Missouri/Kansas Super Lawyers. She is a fellow of the American College of Trust and Estate Counsel, is currently a Regent of that organization, and is also past president of its Business Planning Committee. Nancy is a past president of the Kansas Bar Association Tax Section and Real Estate, Probate and Trust Section and is a three time recipient of the Kansas Bar Association Outstanding Service Award.”

Ramsay H. Slugg is a Managing Director and member of the National Wealth Planning Strategies Group at U.S. Trust. Previously, he was the National Practice Director of Bank of America’s Philanthropic Management group. He has also served as an adjunct professor at Texas Christian University and Texas A&M College of Law. Mr. Slugg speaks frequently on tax and financial planning topics, especially as they relate to art and collectibles, and has been quoted in the Wall Street Journal, New York Times, Forbes, Barron’s and other business publications. He authors the Handbook of Practical Planning for Art Collectors and Their Advisors, published by the American Bar Association’s Section of Real Property, Trust and Estate Law. Mr. Slugg is admitted to practice law in Texas and has chaired the Tax and Estate Planning Section of the Tarrant County Bar. He currently serves as Co-chair of the American Bar Association’s Real Property Trust and Estate Law Art and Collectibles Committee, as well as holding several other leadership positions. Mr. Slugg received his J.D. degree from the Ohio State University College of Law, and his undergraduate degree from Wittenberg University.

James R. Walker is a partner with the Denver firm of Lewis Roca Rothgerber Christie, and chairs its Tax Practice Group and its Trust and Estate Practice Group. He is a fellow of both the American College of Trust and Estate Counsel and the American College of Tax Counsel. Mr. Walker has been listed in the Best Lawyers of America for more than a decade. He currently chairs the Colorado Bar Association’s Taxation Committee and in 2012 served as president of the Colorado Chapter of the American Association of Attorney Certified Public Accountants. He is an adjunct faculty member of the Graduate Tax Program at University of Denver Sturm College of Law. Mr. Walker received his LL.M. in Taxation from New York University School of Law, and J.D. from University of Denver Sturm College of Law.

Tax, Trusts and Estates Practice Group

FRIDAY 11/3

7:15 - 8:00 a.m. Registration and Continental Breakfast

8:00 - 8:05 a.m. Welcome and Introduction - Dean Paul Kirgis, Alexander Blewett III School of Law

8:05 - 9:05 a.m. The Power of Powers - Clary ReddAmong the most useful tools at an estate planner’s disposal is the power of appointment. Clary Redd discusses the numerous types of powers of appointment and their potential tax consequences, the most efficacious power of appointment designs, the non-tax and tax-related objectives to be achieved by using powers of appointment and power of appointment traps of which to be aware and to avoid.

9:05 - 10:15 a.m. Asset Protection Planning - Nancy Roush and Jonathon ByingtonAsset protection is an important aspect of advising estate and business planning clients. The planner needs an understanding of the relevant practical and legal issues involved in order to provide effective advice. This presentation begins with a discussion of the types of creditors and the different ways creditors use Montana law to collect amounts owed them. The presentation continues with an overview of the basic building blocks and tools of asset protection and discussion of planning considerations when advising clients.

10:15 - 10:30 a.m. Break

10:30 - 11:30 a.m. Washington Update: Prospects for Tax Changes Nine Months into the Trump Administration - Ron AucuttAn up-to-the-minute report from Inside the Beltway, addressing the pressing questions of 2017 like: Will there be tax reform? If so, when, how, and what? Will the estate tax be repealed? Or is it really permanent? What in the world is happening with valuation discounts? Can the consistent basis rules ever make any sense? What else is happening that will affect estate planning?

11:30 - 12:15 p.m. Business Transition Options for the Closely Held Business Owner - Jeremy MillerWith an estimated 75% of closely held businesses transitioning in the next 10 years, owners of closely held businesses are facing a “keep vs. sell” decision as they determine how to plan for their business transition. This presentation focuses on the “sell” side decision and provides an overview of the advantages, disadvantages and major tax considerations of the most prevalent options business owners use to transition their business outside of their family, including leveraged employee stock ownership plans (ESOPs), mergers and acquisitions, and internal buyout by key employee(s) or management. Mr. Miller also discusses the major business and personal planning considerations correlated to these sell side decisions.

12:15 - 1:15 p.m. Luncheon

The annual Tax Institute Luncheonis generously hosted by:

1:15 - 2:15 p.m. Current Developments in the Taxation of Corporations and Their Shareholders and Partnerships and Their Partners - Bruce McGovern and Martin McMahon2017 brings with it a number of developments in the areas of partnership and corporate taxation. This session reviews the most significant statutory enactments, judicial decisions, IRS rulings, and Treasury regulations promulgated during the last twelve months that affect the domestic income taxation of corporations and their shareholders, and partnerships and their partners.

2:15 - 3:15 p.m. Taxable Sales of S Corporations - James WalkerMore than 60 percent of all corporations elect S status. This session addresses planning strategies to minimize tax consequences on the sale of an S corporation. The presentation discusses tax issues from both buyer (i.e., amortization, deductions) and seller (i.e., capital gain or ordinary income) perspectives. It analyzes the advantages and disadvantages of stock sales, asset sales and unique tax rules that allow a stock sale to be treated as an asset sale through either a Section 338 election or the recent Section 336(e) election.

3:15 - 3:30 p.m. Break

3:30 - 4:30 p.m. Solving Tax and Non-Tax Issues with Montana’s Uniform Trust Code - Bruce Flynn andAnthony McCormickThe constancy of change necessitates the ability to adapt and to resolve issues not previously anticipated. This statement is especially true in the area of trust administration where irrevocable provisions often make adjusting to changed circumstances difficult. The presentation addresses opportunities provided by Montana’s Uniform Trust Code to efficiently resolve both tax and non-tax issues during trust administration. It compares alternatives for achieving trust modification, suggests opportunities for resolving disputes and discusses best options for representation of unascertained beneficiaries.

4:30 - 5:30 p.m. Planning with Art and Collectibles - Ramsey SluggArt is an asset of passion. Combined with its unique financial characteristics, this makes it the most difficult asset class to incorporate into a comprehensive wealth and financial plan. This presentations explores the emotional, practical and tax aspects of appropriate planning.

5:30 p.m. Reception

The annual Tax Institute Receptionis generously hosted by:

SATURDAY 11/4

7:00 a.m. BETTR Law Section of the State Bar of MontanaAnnual meeting in the back of the seminar room.

7:15 a.m. Continental Breakfast

8:00 - 9:00 a.m. The Key to Building Wealth: Tax Free Compounding and How to Achieve It - Jonathan BlattmachrClients universally pursue investment strategies for the purpose of building wealth. Strategies often focus on obtaining high returns and minimizing income taxation. This presentation briefly discusses investment strategies, including a new methodology for obtaining high returns. It then explores how taxation erodes higher returns more than lower returns. It offers strategies for eliminating or reducing income taxation of returns and opportunities for tax-free compounding, which proves a key factor in building wealth.

9:00 - 10:00 a.m. Annual Income, Estate and Gift Tax Update - Sam DonaldsonProfessor Donaldson returns with his annual overview of the important cases, rulings, regulations and legislation from the past 12 months affecting individuals, estates and trusts. Move over Saturday Night Live, Saturday Morning Live is here!

10:00 - 10:15 a.m. Break

10:15 - 11:00 a.m. Debts and Taxes: An Overview of the Tax Consequences of the Discharge of Indebtedness - Pippa BrowdeProfessor Browde covers the tax consequences of the discharge of indebtedness. She addresses situations that do not give rise to cancellation of indebtedness income and the exclusions from gross income provided under Section 108. Professor Browde explains the special rules for discharge of indebtedness for a taxpayer who is insolvent or declaring bankruptcy, the rules related to qualified principal residences and farms, and the rules requiring reduction of tax attributes.

11:00 - 12:00 p.m. Navigating Current Ethical Issues When Representing Business and Estate Planning Clients - J. Martin Burke and Elaine GagliardiProfessors Burke and Gagliardi address application of the Rules of Professional Conduct as they relate to business and estate planning clients. The presentation highlights relevant case law of various jurisdictions together with formal ethics opinions. Topics include the representation of clients with diminished capacity, a lawyer’s duty of confidentiality, the issue of who is the lawyer’s client (e.g., the fiduciary, the business entity), and best practices in dealing with unrepresented persons.

Ronald D. Aucutt is a partner in the Tysons Corner, Virginia office of McGuireWoods LLP and is co-chair of the firm’s Private Wealth Services Group. He has contributed to the formation of tax policy through legislation since 1976, as well as Treasury regulations. From 2014 through 2016 he served three years as a member of the Internal Revenue Service Advisory Council, and two years as chair of its “OPR Subgroup” (working with the IRS Office of Professional Responsibility). He was appointed in 2015 to be the Reporter for the current revision of the Uniform Principal and Income Act. Ron is a Fellow and former President (2003-04) of The American College of Trust and Estate Counsel (ACTEC), an academician of The International Academy of Estate and Trust Law and former member of its Council (2000-04), a former Vice Chair (Committee Operations) of the American Bar Association’s Section of Taxation (1998-2000), a Fellow of the American College of Tax Counsel and the American Bar Foundation, and a member of the Christian Legal Society. He is also a member of the Advisory Committee of the University of Miami Philip E. Heckerling Institute on Estate Planning and Tax Management’s Advisory Board on Estates, Gifts, and Trusts. He has been a lecturer in law at the University of Virginia School of Law. He has lectured on estate planning subjects at over 150 tax institutes and conferences nationwide and is the author of more than 200 published articles on estate planning and other tax subjects. He is co-author of Structuring Estate Freezes, published by Warren, Gorham & Lamont and supplemented twice a year. Ron was recognized as one of Washington’s 31 “Best Lawyers” in the December 2011 issue of Washingtonian and as one of the top 30 “Stars of the Bar” in the December 2009 issue of Washingtonian; he holds Chambers USA’s “Band 1” ranking for Wealth Management; and he was elected to the National Association of Estate Planners and Councils Estate Planning Hall of Fame and given the designation of Distinguished Accredited Estate Planner in 2009. He was awarded the 1995-1996 Estate Planner of the Year Award by the Washington, D.C. Estate Planning Council. His biography appears in Who’s Who in America, Who’s Who in American Law, Who’s Who in Finance and Industry, and Who’s Who in the World. He is also listed in the Best Lawyers in America. Ron was in the Navy from 1970 to 1973. He served in Vietnam and achieved the rank of lieutenant. Ron received a B.A. degree in 1967 and a J.D. degree in 1975, both from the University of Minnesota.

Jonathan G. Blattmachr is a principle of Pioneer Wealth Partners, LLC, a boutique wealth advisor firm in Manhattan, and the director of estate planning of the Alaska Trust Company. He is a retired member of Milbank, Tweed, Hadley & McCloy and of the New York, California and New York bars. He has authored or co-authored seven books and over 500 articles. He has chaired several committees of the New York and American Bar Associations and the American College of Trust and Estate Counsel. Jonathan is a Fellow and a former Regent of the American College of Trust and Estate Counsel and past chair of its Estate and Gift Tax Committee. Among professional activities, which are too numerous to list, Jonathan has served as an Advisor on The American Law Institute, Restatement of the Law, Trusts 3rd, and as a Fellow and Director of The New York Bar Foundation and as a Fellow of the American Bar Foundation. Jonathan graduated from Columbia University School of Law cum laude, where he was recognized as a Harlan Fiske Stone Scholar, and received his A.B. degree from Bucknell University, majoring in mathematics. He served as an officer in the United States Army from 1970 to 1972 and was awarded the Army Commendation Medal. He is co-developer of Wealth Transfer Planning, a computerized system for lawyers that automatically generates estate planning documents, such as wills and trusts, and provides specific client advice using a form of artificial intelligence.

Pippa Browde, an Associate Professor of Law at the Alexander Blewett III School of Law at the University of Montana, teaches courses in Federal Income Taxation, Tax Procedure, Taxation of Business Entities, and Taxation of Property Transactions. Prior to teaching, Professor Browde worked as a tax attorney for the Internal Revenue Service Office of Chief Counsel in Sacramento, California and New York City. She clerked for the Honorable Cynthia A. Fry on the New Mexico Court of Appeals. Professor Browde earned her J.D. from the University of New Mexico School of Law and her LL.M. in Taxation from New York University School of Law.

J. Martin Burke is Emeritus Professor of Law and formerly served as Regents Professor of Law and Dean of the University of Montana School of Law. He served as the Director of the UM Tax Institute for more than 25 years. Burke has taught in the tax programs at New York University, the University of Florida, and the University of Washington. He earned his J.D. at the University of Montana School of Law and his LL.M. in Taxation at New York University. He is co-author with Michael K. Friel of Taxation of Individual Income (11th Ed.)(LexisNexis 2015), Taxation of Partnerships and Limited Liability Companies Taxed as Partnerships (Carolina Academic Press 2016) and Understanding Federal Income Tax (5th ed.) (Carolina Academic Press 2016). He is co-author with Friel and Elaine Hightower Gagliardi of Modern Estate Planning (2d ed.)(LexisNexis 2002).

Jonathon Byington is an associate professor at the Alexander Blewett III School of Law at the University of Montana. He teaches commercial law courses, including Bankruptcy, Business Transactions, Real Estate Transactions, and Secured Transactions (UCC Article 9). He serves as a Commissioner on the Uniform Law Commission. Before joining the law school faculty, Professor Byington was a partner with the law firm of Racine Olson, where his practice focused on secured financing and a variety of commercial transactions. He has been admitted to the Montana State Bar, the Idaho State Bar, and the Utah State Bar. Before entering private practice, Professor Byington served as a law clerk to Chief Justice Linda Copple Trout of the Idaho Supreme Court. He obtained Bachelor of Science Degrees in Finance and Economics from Utah State University

SPEAKERSand earned his Juris Doctorate Degree at the University of Idaho College of Law, where he graduated summa cum laude. He has published articles in the American Bankruptcy Law Journal, the Florida Law Review, and the American Bankruptcy Institute Law Review.

Samuel A. Donaldson is a Professor of Law at Georgia State University in Atlanta, Georgia. Prior to joining the Georgia State faculty in 2012, he was on the faculty at the University of Washington School of Law for 13 years. At UW, Professor Donaldson served for two years as Associate Dean for Academic Administration and for six years as the Director of the law school’s Graduate Program in Taxation. He teaches a number of tax and estate planning courses, as well as courses in the areas of property, commercial law and professional responsibility. Professor Donaldson is an Academic Fellow of the American College of Trust and Estate Counsel (ACTEC) and a member of the Bar in Washington, Oregon, and Arizona. Among his scholarly works, he is a co-author of the West casebook, Federal Income Tax: A Contemporary Approach, and a co-author of the Price on Contemporary Estate Planning treatise published by Wolters Kluwer. Professor Donaldson has served as a visiting professor of law both at Northwestern University and at the University of Florida Levin College of Law. An amateur crossword constructor, his puzzles have been published in The New York Times, The Wall Street Journal, The Washington Post, and other outlets.

Bruce P. Flynn, now Of Counsel with Perkins Coie, Seattle, Washington, practices in the area of estate planning and administration. He is a member of the American College of Trust and Estate Counsel. For more than two decades, he has been listed in the Best Lawyers in America and as one of Washington’s Super Lawyers. He has served the State Bar of Washington as president of the Seattle Estate Planning Council, chair of its Real Property, Probate and Trust Law Section, chair of the University of Washington Estate Planning Advisory Board, and chair of the Seattle Estate Planning Seminar. He was one of five members of the Trust Task Force which drafted Washington State’s 1999 Trust and Estate Dispute Resolution Act (TEDRA) that includes, among other things, provisions similar to the nonjudicial settlement provisions contained in the Uniform Trust Code adopted, in part, by Montana. Mr. Flynn who received his J.D. from the University of Montana in 1972 also serves as an emeritus trustee of the University of Montana Foundation, and is currently a member of the University of Montana, Blewett School of Law’s Board of Visitors.

Elaine Gagliardi is a Professor of Law at the Alexander Blewett III School of Law at the University of Montana and teaches in the areas of business and estate planning. She currently serves as Director of the law school’s Montana Tax Institute. Gagliardi is an Academic Fellow of the American College of Trust and Estate Counsel and of the American College of Tax Counsel. She has served as a past Chair of the State Bar of Montana’s Business, Estates, Trust, Tax and Real Estate Section. She co-authors, with J. Martin Burke and Michael K. Friel, Modern Estate Planning (2d ed.) (LexisNexis); currently authors How to Save Time and Taxes Handling Estates (Matthew Bender), and co-authors with James Delaney, Estate and Gift Tax Questions and Answers (2d Ed., Lexis Publishing 2013). Prior to teaching, Gagliardi practiced with Perkins Coie LLP in Seattle, and Day, Berry & Howard LLP, Hartford, Connecticut, and clerked for Hon. James R. Browning, Ninth Circuit Court of Appeals, and Hon. William J. Jameson, U.S. District Court, District of Montana. She earned her B.A. from Yale University, her J.D. from University of Montana, and her LL.M. in Taxation from New York University.

Anthony J. McCormick practices with the law firm of Perking Coie, Seattle, Washington, in its trust and estate planning group. In his practice, Tony counsels his clients in both the tax and non-tax aspects of estate planning and estate and trust administration, with a specific focus on estate planning strategies to efficiently minimize taxes through the creation of wills, trusts, business entities, and charitable organizations and the use of gifts, sales, and other wealth-transfer strategies. Tony’s practice also includes advising individuals and tax-exempt organizations on the wide range of legal issues affecting charitable giving, the formation of nonprofit organizations, and the organizational steps required to maintain a charitable organization’s tax exempt status. Tony earned his LL.M. in Taxation from New York University School of Law, his J.D. from the University of Montana with honors, and his B.S. in Accounting and B.A. in Psychology from the University of Montana with high honors.

Bruce A. McGovern is a professor of law at South Texas College of Law Houston, where he teaches in the areas of taxation and business organizations. For many years he also served as its Vice President and Associate Dean of Academic Administration. He currently serves as Director of the school’s Low Income Taxpayer Clinic. He has held visiting appointments at the University of Florida Levin College of Law and Loyola University Chicago School of Law. Bruce is a fellow of the American College of Tax Counsel. He speaks nationally and has presented at more than 25 different tax conferences. He co-authors Agency, Partnerships and Limited Liability Companies (Carolina Academic Press) and has authored numerous chapters in Consolidated Groups, CCH Tax Research Consultant (online treatise) (Chicago, Illinois, Commerce Clearing House Tax Research Network 2006). Prior to teaching, Bruce served as a judicial clerk for the Honorable Thomas Meskill, U.S. Court of Appeals, Second Circuit, and practiced law with Covington and Burling, Washington D.C. Bruce received his LL.M. in Taxation from the University of Florida Levin College of Law, his J.D. from Fordham University School of Law, and his B.A. from Columbia University.

Martin J. McMahon Jr. is the James J. Freeland Eminent Scholar in Taxation and Emeritus Professor of Law at the University of Florida College of Law, where he teaches in the Graduate Tax Program and is Editor-in-Chief of the Florida Tax Review. He received a B.A, in economics from Rutgers University, a J.D from Boston College Law School, and an LL.M. in Taxation from Boston University Law School. Professor McMahon taught previously at the University of Kentucky, and has been a

visiting professor at the University of Virginia. He was the Professor-in-Residence in the Office of Chief Counsel of the Internal Revenue Service in 1986 and 1987, and has been an instructor in the NYU/IRS Continuing Professional Education Program. Prof. McMahon is the co-author with Boris Bittker and Lawrence Zelenak of the treatise Federal Income Taxation of Individuals (Warren, Gorham & Lamont 1988, 2d ed. 1995, 3d ed., 2002), and, with the late Paul McDaniel and Daniel Simmons, of four text books on federal income taxation, Federal Income Taxation (Foundation Press, 1995, 4d ed., 1998, 5th ed., 2004, 6th ed., 2008), Federal Income Taxation of Business Organizations (Foundation Press 1991, 2d ed. 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2014), Federal Income Taxation of Corporations (Foundation Press 1997, 2d ed., 1999, 3rd ed., 2006, 4th ed., 2014), and Federal Income Taxation of Partnerships and S Corporations (Foundation Press, 1991, 2d ed., 1997, 3d ed., 1999, 4th ed., 2006, 5th ed., 2012). In addition to publishing over fifty articles on various income taxation issues, Professor McMahon is a frequent speaker at tax conferences around the United States, and has lectured on U.S. taxation in a number of other countries, including Sweden, Germany, Poland, England, the Netherlands, Peru, and Chile. He has chaired the Teaching Taxation Committee of the ABA Tax Section and the Tax Section of the Association of American Law Schools. Professor McMahon is a fellow in the American College of Tax Counsel and the American Law Institute.

Jeremy Miller is a Business Transition Strategist for Wells Fargo Private Bank’s Mountain Northwest Regional Wealth Planning team. Jeremy advises business owner clients through the process of aligning their personal financial goals with their business strategies to prepare for their future business transition. Jeremy has over 13 years of collective experience across investment banking, corporate finance, ESOP and management consulting where he has advised shareholders on buy-outs, ESOPs, recapitalizations, and other transition options focused around the sale of a business. Jeremy graduated with a Masters of Business Administration from Utah State University and holds a Bachelor’s degree of Finance and Economics. Today, he resides in Hooper, Utah with his wife and six boys where he is a frequent speaker at business owner events, estate planning councils, other professional organizations and continues to advocate for owners who seek to maximize their business transition outcomes across the Mountain Northwest Region.

Charles A. “Clary” Redd is a partner with the firm of Stinson Leonard Street, St. Louis, Missouri. His practice concentrates in the areas of estate planning, and estate and trust administration and litigation. He is a nationally recognized speaker and author. He is the lead presenter in Cannon Financial Institute’s monthly estate planning teleconference series and an adjunct instructor in the Cannon Trust Schools. For many years he taught as an adjunct professor of law at Northwestern University School of Law. Clary serves as Co-Chair of the Editorial Advisory Board of, and writes a regular column in, Trusts & Estates magazine. He is an elected member of the American Law Institute and fellow and past regent of the American College of Trust and Estate Counsel. Clary has chaired the Missouri Bar’s Health Care Durable Power of Attorney Subcommittee, and served as an active member of the Missouri Bar Probate and Trust Committee and the Illinois Bar Section on Trusts and Estates.

Nancy Schmidt Roush is a partner with the firm of Lathrop Gage LLP, Kansas City, Missouri. Her practice focuses on business planning and estate planning. She is a nationally recognized speaker and author. Nancy is regularly invited to present as part of the ALI/ABA series and ACTEC seminars. She has authored numerous articles in the areas of asset protection and business planning. Nancy is listed in the Best Lawyers in America and in the Missouri/Kansas Super Lawyers. She is a fellow of the American College of Trust and Estate Counsel, is currently a Regent of that organization, and is also past president of its Business Planning Committee. Nancy is a past president of the Kansas Bar Association Tax Section and Real Estate, Probate and Trust Section and is a three time recipient of the Kansas Bar Association Outstanding Service Award.”

Ramsay H. Slugg is a Managing Director and member of the National Wealth Planning Strategies Group at U.S. Trust. Previously, he was the National Practice Director of Bank of America’s Philanthropic Management group. He has also served as an adjunct professor at Texas Christian University and Texas A&M College of Law. Mr. Slugg speaks frequently on tax and financial planning topics, especially as they relate to art and collectibles, and has been quoted in the Wall Street Journal, New York Times, Forbes, Barron’s and other business publications. He authors the Handbook of Practical Planning for Art Collectors and Their Advisors, published by the American Bar Association’s Section of Real Property, Trust and Estate Law. Mr. Slugg is admitted to practice law in Texas and has chaired the Tax and Estate Planning Section of the Tarrant County Bar. He currently serves as Co-chair of the American Bar Association’s Real Property Trust and Estate Law Art and Collectibles Committee, as well as holding several other leadership positions. Mr. Slugg received his J.D. degree from the Ohio State University College of Law, and his undergraduate degree from Wittenberg University.

James R. Walker is a partner with the Denver firm of Lewis Roca Rothgerber Christie, and chairs its Tax Practice Group and its Trust and Estate Practice Group. He is a fellow of both the American College of Trust and Estate Counsel and the American College of Tax Counsel. Mr. Walker has been listed in the Best Lawyers of America for more than a decade. He currently chairs the Colorado Bar Association’s Taxation Committee and in 2012 served as president of the Colorado Chapter of the American Association of Attorney Certified Public Accountants. He is an adjunct faculty member of the Graduate Tax Program at University of Denver Sturm College of Law. Mr. Walker received his LL.M. in Taxation from New York University School of Law, and J.D. from University of Denver Sturm College of Law.

Tax, Trusts and Estates Practice Group

65TH ANNUAL

MONTANATAX INSTITUTE

NOVEMBER 3 - 4, 2017 • DOUBLETREE HOTEL • MISSOULA, MT

ATTORNEYS • ACCOUNTANTS • TRUST OFFICERS • FINANCIAL PLANNERS

DEVELOPMENT OFFICERS • INSURANCE PROFESSIONALS

GENEROUSLY SUPPORTED BY

32 Campus Drive (MLA002)Missoula, MT 59812-6552

REGISTRATION

Hotel AccommodationsA block of rooms for the Montana Tax Institute is available at the DoubleTree Hotel, (406) 728-3100. Ask for “Tax Institute 2017.” There are additional rooms at the Holiday Inn Downtown, (406) 728-3472 and the Comfort Inn - University, (406) 549-7600.

Registration InformationThe registration fee for the 65th Annual Montana Tax Institute is $375 if received by October 13. After October 13, the registration fee is $415. This fee covers tuition, presentation outlines, lunch on Friday, and the continental breakfasts on Friday and Saturday.

Refund Policy: A full refund is available if the cancellation is received by October 20, 2017. Cancellations will be refunded less a $50 processing fee if received after October 20, 2017. Cancellations will not be accepted after October 27, 2017. Attendee substitutions are welcomed.

To pay by check and register for the 65th Annual Montana Tax Institute, please complete the registration form below and return it with payment, payable to the Blewett School of Law at the University of Montana, to:

Alexander Blewett III School of LawUniversity of MontanaAttn: Tax Institute Registration32 Campus DriveMissoula, MT 59812-6552

To pay by credit card and register online for the 65th Annual Montana Tax Institute, please visit umt.edu/tax-institute.

Please register in advance. A limited number of walk-in registrations will be accommodated, with course materials not available until after the program.

Over There! Montanans in the Great WarPresented by the Montana Museum of Art and Culture, this exhibition focuses on the experiences of individuals from Montana or closely tied to the western state. The people whose lives are explored here through personal artifacts and works of art experienced the war’s glories and degradations first-hand. Open to the public with a suggested $5 donation. Exhibit is on display in the Paxson and Meloy Galleries at the UM Performing Arts and Radio-TV building. Friday hours: 12-6 p.m.; Saturday hours: 12-3 p.m. Website: umt.edu/montanamuseum.

University of Montana vs. Northern Arizona UniversityNovember 4 • 3:30 p.m. • Washington Grizzly StadiumTickets are available for the GRIZ vs. Northern Arizona University game by calling the UM Box Office at (406) 243-4051.

EVENTS

Full Name:

Badge Name (if different):

Firm or Organization:

Address:

City: State: Zip:

Daytime Phone: Email:

Profession:

Please check if you would like to receive communications from our sponsors.

Payment Information

Check enclosed payable to the Blewett School of Law at UM

Name:

Signature: Date:

Note: For multiple registrations, a separate form must be completed for each registrant.

REGISTRATION 65th Annual Montana Tax Institute Detach and return registration form. Please register in advance.

$375 if registration is received by October 13, 2017

$415 if registration is received after October 13, 2017

I am interested in the followingContinuing Education Credits:

Montana CLE

Idaho CLE

Washington CLE

Certified Public Accountant

Certified Banker CE

Enrolled Agent

Other:

The Private Bank

65TH ANNUAL

MONTANATAX INSTITUTE

The Private Bank

Eric K. AndersonAnderson & Heard, PLLCBillings, MT

Gary BjellandJardine, Stephenson, Blewett & Weaver, P.C. Great Falls, MT

David BjornsonBjornson Law Offices, PLLCMissoula, MT

Pippa BrowdeUniversity of MontanaMissoula, MT

J. Martin BurkeUniversity of MontanaMissoula, MT

David J. DietrichDietrich and Associates, PCBillings, MT

Samuel A. DonaldsonGeorgia State UniversityAtlanta, GA

E. Edwin EckMontana Department of JusticeHelena, MT

Elaine GagliardiUniversity of MontanaMissoula, MT

Kristen JurasUniversity of MontanaMissoula, MT

Martin J. LewisWells Fargo Private BankHelena, MT

Kathleen M. MagoneU.S. Bank Private Client GroupMissoula, MT

Daniel N. McLeanCrowley Fleck, PLLCHelena, MT

Martin J. McMahon, Jr.University of FloridaGainesville, FL

Gary RandallWorkland & WitherspoonSpokane, WA

Julie SirrsBoone Karlberg, PCMissoula, MT

Brett WeberFirst Interstate Wealth ManagementMissoula, MT

Cynthia R. WoodsAttorney at LawBillings, MT

Tax Institute Advisory Board

Application for Continuing Education Credits for the 65th Annual Montana Tax Institute is being made to:

• Montana State Bar Continuing Legal Education• Idaho State Bar Continuing Legal Education• Washington State Bar Continuing Legal Education• Institute of Certified Bankers

All other affiliations must submit independently including Certified Financial Planners, Certified Public Accountants, and Insurance Professionals.

Note, the Montana Board of Public Accountants does not require pre-approval for continuing education providers.

65TH ANNUAL

MONTANATAX INSTITUTE

NOVEMBER 3 - 4, 2017 • DOUBLETREE HOTEL • MISSOULA, MT

ATTORNEYS • ACCOUNTANTS • TRUST OFFICERS • FINANCIAL PLANNERS

DEVELOPMENT OFFICERS • INSURANCE PROFESSIONALS

GENEROUSLY SUPPORTED BY

32 Campus Drive (MLA002)Missoula, MT 59812-6552

REGISTRATION

Hotel AccommodationsA block of rooms for the Montana Tax Institute is available at the DoubleTree Hotel, (406) 728-3100. Ask for “Tax Institute 2017.” There are additional rooms at the Holiday Inn Downtown, (406) 728-3472 and the Comfort Inn - University, (406) 549-7600.

Registration InformationThe registration fee for the 65th Annual Montana Tax Institute is $375 if received by October 13. After October 13, the registration fee is $415. This fee covers tuition, presentation outlines, lunch on Friday, and the continental breakfasts on Friday and Saturday.

Refund Policy: A full refund is available if the cancellation is received by October 20, 2017. Cancellations will be refunded less a $50 processing fee if received after October 20, 2017. Cancellations will not be accepted after October 27, 2017. Attendee substitutions are welcomed.

To pay by check and register for the 65th Annual Montana Tax Institute, please complete the registration form below and return it with payment, payable to the Blewett School of Law at the University of Montana, to:

Alexander Blewett III School of LawUniversity of MontanaAttn: Tax Institute Registration32 Campus DriveMissoula, MT 59812-6552

To pay by credit card and register online for the 65th Annual Montana Tax Institute, please visit umt.edu/tax-institute.

Please register in advance. A limited number of walk-in registrations will be accommodated, with course materials not available until after the program.

Over There! Montanans in the Great WarPresented by the Montana Museum of Art and Culture, this exhibition focuses on the experiences of individuals from Montana or closely tied to the western state. The people whose lives are explored here through personal artifacts and works of art experienced the war’s glories and degradations first-hand. Open to the public with a suggested $5 donation. Exhibit is on display in the Paxson and Meloy Galleries at the UM Performing Arts and Radio-TV building. Friday hours: 12-6 p.m.; Saturday hours: 12-3 p.m. Website: umt.edu/montanamuseum.

University of Montana vs. Northern Arizona UniversityNovember 4 • 3:30 p.m. • Washington Grizzly StadiumTickets are available for the GRIZ vs. Northern Arizona University game by calling the UM Box Office at (406) 243-4051.

EVENTS

Full Name:

Badge Name (if different):

Firm or Organization:

Address:

City: State: Zip:

Daytime Phone: Email:

Profession:

Please check if you would like to receive communications from our sponsors.

Payment Information

Check enclosed payable to the Blewett School of Law at UM

Name:

Signature: Date:

Note: For multiple registrations, a separate form must be completed for each registrant.

REGISTRATION 65th Annual Montana Tax Institute Detach and return registration form. Please register in advance.

$375 if registration is received by October 13, 2017

$415 if registration is received after October 13, 2017

I am interested in the followingContinuing Education Credits:

Montana CLE

Idaho CLE

Washington CLE

Certified Public Accountant

Certified Banker CE

Enrolled Agent

Other:

The Private Bank

65TH ANNUAL

MONTANATAX INSTITUTE

The Private Bank

Eric K. AndersonAnderson & Heard, PLLCBillings, MT

Gary BjellandJardine, Stephenson, Blewett & Weaver, P.C. Great Falls, MT

David BjornsonBjornson Law Offices, PLLCMissoula, MT

Pippa BrowdeUniversity of MontanaMissoula, MT

J. Martin BurkeUniversity of MontanaMissoula, MT

David J. DietrichDietrich and Associates, PCBillings, MT

Samuel A. DonaldsonGeorgia State UniversityAtlanta, GA

E. Edwin EckUniversity of MontanaMissoula, MT

Elaine GagliardiUniversity of MontanaMissoula, MT

Kristen JurasUniversity of MontanaMissoula, MT

Martin J. LewisWells Fargo Private BankHelena, MT

Kathleen M. MagoneU.S. Bank Private Client GroupMissoula, MT

Daniel N. McLeanCrowley Fleck, PLLCHelena, MT

Martin J. McMahon, Jr.University of FloridaGainesville, FL

Gary RandallWorkland & WitherspoonSpokane, WA

Julie SirrsBoone Karlberg, PCMissoula, MT

Brett WeberFirst Interstate Wealth ManagementMissoula, MT

Cynthia R. WoodsAttorney at LawBillings, MT

Tax Institute Advisory Board

Application for Continuing Education Credits for the 65th Annual Montana Tax Institute is being made to:

• Montana State Bar Continuing Legal Education• Idaho State Bar Continuing Legal Education• Washington State Bar Continuing Legal Education• Institute of Certified Bankers

All other affiliations must submit independently including Certified Financial Planners, Certified Public Accountants, and Insurance Professionals.

Note, the Montana Board of Public Accountants does not require pre-approval for continuing education providers.