Direction and Dissection of Trust Protection under New Section 7703
Date: Thursday, February 7, 2019
Time: 5:00pm - 7:00pm
Location: Weber's Inn - 3050 Jackson Ave, Ann Arbor, MI 48103
Speaker: Jim Spica, esq Dickinson Wright
- Estate and tax planning for private clients requiring sophisticated wealth management
- Trust banking representations as special counsel in contested proceedings concerning trust instruments and wills and as legislative counsel
- Expert testimony in trust-administration and tax-planning malpractice defense matters
- Michigan law reform
- Drafted “separate trustees” proposal enacted as 2018 Michigan Public Act No. 662
- Drafted statutory "trust decanting" proposal enacted as 2012 Michigan Public Acts Nos. 483, 484, and 485
- Drafted rule against perpetuities reform proposal enacted as the Personal Property Trust Perpetuities Act, 2008 Michigan Public Acts Nos. 148 and 149
- Testimony (2008, 2010, 2011, 2012) regarding divided and directed trusteeships, trust decanting, and rule against perpetuities reform before Michigan Senate Judiciary Committee and Michigan House Committees on Judiciary and Banking and Financial Services
- Private trust company representations
- Directed formation of, and helped formulate tracking protocols for, large, proprietary pools of measuring lives for reference in instruments exercising special powers of appointment over client trusts grandfathered under the U.S. Treasury's generation skipping transfer tax effective date regulations
- Created special governance structures designed to avoid attribution of tax sensitive fiduciary powers to stock-holder beneficiaries of client trusts
- Advice to private trust companies and their owners on securities regulation filings in respect of fiduciary accounts holding concentrated positions in publicly traded securities
- Representation of grant-making organizations, including company-sponsored foundations, with respect to formation, governance and regulatory compliance
- Representation of public charities in contested proceedings concerning charitable gifts under trust instruments and wills
