September 22, 2011 7:45 am Registration 8:15 Session I – Introduction • Importance of Forestry Estate Planning • Estate Planning Objectives 10:00-10:15 Coffee Break • Federal Estate and Gift Tax Process • Valuation of Assets for Estate and Gift Purposes 12:00-1:00 pm Lunch 1:00 Session II – Application of Estate Planning to Forestry • The Legal Process • Use of the Marital Deduction in Estate Planning 3:00—3:15 Coffee Break • Disclaimers, Settlements and Elections • Gifts of Forestry Assets 5:15 Adjourn
September 23, 2011 8:00 Session III – Application of Specific Estate Planning Tools • Role of Trusts • Life Insurance 10:00-10:15 Coffee Break • Installment Contracts • Special Use Valuation (IRC Section 2032A) • Deferral and Extension of Estate Tax Payments (IRC Section 6166) 12:00-1:00 pm Lunch 1:00 Session IV – Timberland Ownership and Organization • Sole and Joint Ownerships • Partnerships • Corporations 3:00-3:15 Coffee break • Limited Liability Companies • State Transfer Taxes • Benefit of Planning a Forest Estate 5:00 pm Adjourn
