2008 Delaware Trust Conference
AGENDA
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WEDNESDAY, December 3rd
8:30 - 9:45
Registration - Hotel du Pont King/Sullivan Foyer (with continental breakfast)
8:45 - 9:45
Pre-conference Overview: Cutting-Edge Features of Delaware Personal and Corporate Trusts
Speakers: Anne Marie Levin, J.D., LL.M., CTFA, Vice President, Delaware Advantage Trust Specialist, PNC Bank, Delaware;
James M. Young, CCTS, Vice President, Corporate Trusts, Christiana Bank & Trust
- Dynasty Trusts
- Asset Protection Trusts
- Tax-Advantaged (DING) Trusts
- Direction Trusts
- Decanting Statute
- Silent Trusts
- Purpose Trusts
- Moving Trusts to Delaware
- Total Return Unitrusts
- Confidentiality/Privacy
- Chancery Court
- Statutory (Corporate) Trusts
Submitted for 1.0 Substantive CLE, CPE & ICB Credit
9:50 - 10:00
Welcome to the Conference and General Remarks - King/Sullivan Room
10:00 - 11:30
King/Sullivan Room
Panel Discussion:
Cut to the Chase: What You Don’t Know Can Hurt You and Your Client
The Impact of Today's Market on How You and Your Organization Conducts Delaware Trust Business
MODERATOR: Ellisa Opstbaum Habbart, Esq., Partner, The Delaware Counsel Group LLP
PANELISTS:
Justice Jack B. Jacobs, Delaware Supreme Court
Vice Chancellor Stephen P. Lamb, Delaware Chancery Court
Patricia B. Schwartz, Esq., Disciplinary Counsel, Office of Disciplinary Counsel Supreme Court of the State of Delaware
Jonathan Smith, Review Examiner, Office of the State Bank Commissioner
Submitted for 1.5 Substantive CLE, CPE & ICB Credits
11:30 - 2:00
Lunch - Conference Center
Cutting Edge Topics - Roundtable Lunch & Learn “How To” Discussions – 1 hour recurring break out sessions – Participants are to select two topics to attend:
11:30 – 11:45 – Lunch Buffet and go to First Session
11:45 – 12:45 – Session One
12:45 – 12:50 – Move to Session Two
12:50 – 1:50 – Session Two
TOPICS
-
Marketing the Delaware Trust Advantage
Explore the Pros and Cons of Marketing the Delaware Trust Advantage: Which States Are Best Targets? Who is Your Audience? What Are the Traps?
Discussion Leader: Thomas Forrest, CPA, President, Personal Trust Services Division, Charles Schwab Bank. -
Silent Trusts
The Advantages of Delaware Trusts When A Trust Instrument Is Silent on an Issue That Requires Action By The Trustee
Discussion Leader: Peter M. Gordon, Esq., Director, Gordon, Fournaris & Mammarella, P.A. -
Use of Delaware Counsel for Delaware Trust Planning and Documents
When Working With Delaware Counsel On A Delaware Trust, How Can They Best Help You, And You Them?
Discussion Leader: Gregory J. Weinig, Esq., Partner, Connolly Bove Lodge & Hutz LLP. - Tax Perils When Exercising Limited Powers of Appointment
Beware of the Generation Skipping Tax (GST) Regulations and the Delaware Tax Trap
Discussion Leader: Richard W.Nenno, Esq., Managing Director & Trust Counsel, Wilmington Trust.
-
Directed Trusts
The Use Of Delaware Trust Advisors To Limit Trustee Liability By Segregating Trustee Functions And Creating Flexibility And Independence Within The Trust Structure
Discussion Leader: Cynthia D.M. Brown, Esq., VP, Legal Affairs, Commonwealth Trust Company. -
Setting Up a Trust Business in Delaware
Learn the Process to Get Your Trust Business Established in The First State
Discussion Leader: Judy McKinney-Cherry, Director, Delaware Economic Development Office -
Delaware Incomplete Non-Grantor Trusts (DINGS)
A Discussion Of Delaware Incomplete- Gift, Non-Grantor Trusts Including the IRS News Release IR 2007-127, Planning Opportunities, Drafting And Structuring Considerations Discussion Leader: Todd A. Flubacher, Esq., Partner, Morris Nichols Arsht & Tunnell, LLP. -
Corporate Trust Securitization Roundtable
A Discussion Of Recent Trends In Insurance-Related Delaware Trust Transactions (Life Settlement, Premium Finance, Reinsurance, Etc.) & Emerging Growth Opportunities
- Discussion Leader: Robert L. Symonds, Jr., Esq., Shareholder, Stevens & Lee.
Submitted for 1.0 Substantive CLE, CPE & ICB credit for each session
1:50 - 2:00 - Break
2:00 - 3:30
King/Sullivan Room
Panel Discussion: Cutting Edge Uses Of Alternative Entities for Delaware
Personal & Corporate Trust Planning
The Flexibility Afforded By Delaware Alternative Entities & How They Are Being Utilized In Personal & Corporate Trust Transactions
MODERATOR:
Mark V. Purpura, Esq., Director,
Richards, Layton & Finger, P.A.
PANELISTS:
Robert W. Eaddy, Senior Vice President, LaSalle National Trust Delaware
Stuart J. Gross, Esq., Partner, Roberts & Holland LLP
Jerome K. Grossman, Esq., Partner, Young Conaway Stargatt & Taylor, LLP
George W. Kern, J.D., LL.M., SVP & Senior Trust Officer, Bessemer Trust Company of Delaware, N.A.
Scott E. Waxman, Esq., Partner, Potter Anderson & Corroon
Submitted for 1.5 Substantive CLE, CPE & ICB credits
3:30 - 3:45
Break
3:45 - 5:15
King/ Sullivan Room
Panel Discussion: Uses Of Alternative Trust Investment Products as Permitted Under Delaware Law: Point/Counterpoint
The Pros and Cons Of Using Alternative Investments In Delaware Trust Accounts Including Liquidity, Tax Issues, Volatility And Other Factors
MODERATOR: W. Donald Sparks, II, Esq., Director, Richards, Layton & Finger, P.A.
PANELISTS:
Michael Masterson, J.D., CFA, Asset Management, Goldman Sachs Trust Company
William T. Norris, Chief Fiduciary Investment Officer, JPMorgan Private Bank & Private Client Services
Tony Turjoman, SVP, National Sales Manager, Alernative Investments & Investments Counsulting, Wells Fargo Wealth Management Group
Submitted for 1.5 Substantive CLE, CPE & ICB credits
5:15 - 6:00
Reception - Hotel duPont Christina Room
6:00 - 7:00
Dinner - Hotel duPont du Barry Room
7:00 - 8:00
Guest Speaker - Robert H. Sitkoff, John L. Gray Professor of Law, Harvard Law School
Submitted for 1.0 Substantive CLE, CPE & ICB credit
Submitted for 8.5 Substantive CLE, CPE & ICB credits for the day
8:30 - 9:30
Breakfast - du Barry Room
Guest Speaker - The Honorable Ruth Ann Minner, Governor of the State of Delaware
9:30 - 9:45
Break
9:45 - 11:45
King/Sullivan Room
PANEL DISCUSSION: The Cutting Edge Use of Delaware Trusts By Non-U.S. Grantors Including Tax Planning, Both Personal & Corporate
European Bankers and Lawyers Consider New Opportunities in the Global Market for Delaware Statutory Trusts in Personal Trust Planning
MODERATOR: Ellisa Opstbaum Habbart, Esq., Partner, Delaware Counsel Group
PANELISTS:
Claudia Caffuzzi, Managing Director, JPMorgan Chase (representing Latin America, including Mexico)
Willem J.L. Calkoen Esq., Partner, NautaDutilh N.V., Rotterdam, The Netherlands
Jan-Hendrik Frank, Rechtsanwalt, Partner, Wiens, Frank & Partner, Bertin, Germany
James E. Hargrove, Esq., CPA, Stoll Keenon Ogden PLLC
Jürgen Hasenpflug, J.D. , AVP, Trust Administrator, Wells Fargo Delaware Trust Company
Submitted for 2.0 Substantive CLE, CPE & ICB credits
11:45 - 12:30
Lunch - du Barry Room
12:30 - 1:30
The Delaware Decanting Statute
Guest Speaker - Thomas R. Pulsifer, Esq., Partner, Morris, Nichols, Arsht & Tunnell
Submitted for 1.0 Substantive CLE, CPE & ICB credit
1:45 - 3:15
King/Sullivan Room
PANEL DISCUSSION: Foreign & Domestic Taxes as They Apply to Delaware Personal Trusts
A Review and Update of New Tax Regulations and Rulings, Foreign Reporting Requirements and Current Trends in Personal Trust Taxation
MODERATOR: Diane Burke, CPA, MBA, AEP, Director, Cover & Rossiter
PANELISTS:
Susan S. Fisher, CPA, CTFA, Vice President,
Trust Operations, Commonwealth Trust Company
William H. Lunger, Esq., Partner, Martin & Lunger, P.A.
Jordon Rosen, CPA, Tax Director,
Belfint, Lyons & Shuman, P.A.
Submitted for 1.5 Substantive CLE, CPE & ICB credits
3:15 - 3:30
Break
3:30 - 5:00
King/Sullivan Room
PANEL DISCUSSION: Homeland Security, Money Laundering and Delaware Trusts, Corporations, and Other Entities:The Attack on Keeping Beneficial Owners Anonymous
An Exploration of Efforts By Congress To Force States To Disclose The Names Of Beneficial Owners of Trusts, Corporations, & Other Business Entities
MODERATOR: Richard P. Eckman, Esq., Partner, Pepper Hamilton, P.A.
PANELISTS:
Richard Geisenberger, Assistant Secretary of State & Director of Corporations,Delaware Department of State
Anne Marie Levin, J.D., LL.M., CTFA, Vice President, Delaware Advantage Trust Specialist, PNC Bank, Delaware
Phoebe Papageorgiou, Esq., Senior Counsel, Center for Securities,
Trust & Investments, American Bankers Association
Andrea B. Unterberger, Esq., Assistant General Counsel, Corporation Service Company
The Hon. E. Norman Veasey, Esq., Senior Partner, Weil, Gotshal, & Manges & former Delaware Supreme Court Chief Justice
Submitted for 1.5 Substantive CLE, CPE & ICB credits
5:00
Sessions End for the Day - Dinner on your own
Submitted for 6.0 Substantive CLE, CPE & ICB credits for the day
FRIDAY, DECEMBER 5
8:00 - 8:30
Continental Breakfast - King/Sullivan Foyer
8:30 - 9:30
King/Sullivan Room
Panel Discussion: Cutting Edge Delaware Trust Legislation
A Review of 2008 Delaware Trust Legislation and
a Preview of Anticipated Delaware Trust Legislative Initiatives in 2009
MODERATOR: David S. Swayze, Esq., Director, Parkowski, Guerke & Swayze, P.A.
PANELISTS:
David G. Bakerian, President & CEO, Delaware Bankers Association
Anne S. Dougherty, J.D., LL.M.*, 2007/2008 Chair, Estates & Trusts Section of
the Delaware State Bar Association
Ellisa Obstbaum-Habbart, Esq., *American Bar Association Advisor on NCCUSL for Statutory Trusts
* Representative of non-DBA legislative organization
Submitted for 1.0 Substantive CLE, CPE & ICB credits
9:30 - 9:45
Drawing for free 2009 Delaware Trust Conference Admission - King/Sullivan Room
9:45 - 10:00
Break
10:00 - 12:00
King/Sullivan Room
Panel Discussion:
Trust Ethics in Delaware
An Examination of Particular Responsibilities and Concerns of Trust Counsel in Guiding the Relationships Among Trustee, Beneficiaries and Pertinent Regulatory Overseers
MODERATOR: Lawrence A. Hamermesh, Ruby R. Vale Professor of Corporate and Business Law, Institute of Delaware Corporate Law, Widener School of Law.
PANELISTS:
Justice Henry du Pont Ridgely, Delaware Supreme Court
The Honorable Robert Glen, Bank Commissioner, State of Delaware
Andrea Rocanelli, Chief Counsel, Office of Disciplinary Counsel, Delaware Supreme Court
M. Lisa Wilkins, CCTS, First Vice President, Fiduciary Executive, SunTrust Delaware Trust Company
Submitted for 3.5 CLE, CPE & ICB credits for the day (1.5 substantive; 2.0 Ethics)
12:00 - 12:15 - King/Sullivan Room
Closing remarks and Conference Adjournment
Submitted for 17.5 CLE, CPE & ICB credits for the 3-day conference
Conference materials will be supplied on a USB Flash Drive with hard copies at each session
2008 Delaware Trust Conference Steering Committee
Ellisa Opstbaum Habbart, Esq., Partner, The Delaware Counsel Group LLP
M. Lisa Wilkins, CCTS, First Vice President, Fiduciary Executive, SunTrust Delaware Trust Company
Delaware Bankers Association
2008 Delaware Trust Conference Planning Committee
Chairman
William T. LaFond, JD, Managing Director, Wealth Advisory Services, Wilmington Trust
Board Representative
Edward A. Reznick, President & CEO, Deutsche Bank Trust Company Delaware
Committee
Michele L. Ahwah, VP, Trust Officer, Tiedemann Trust Company; Cynthia D.M. Brown, Esq., Vice President - Legal Affairs, Commonwealth Trust Company; Diane M. Burke CPA, CTFA, AEP, Director, Cover & Rossiter, P.A.; Anne S. Dougherty, J.D., LL.M., 2007/2008 Chair, Estates & Trusts Section of
the Delaware State Bar Association; Timothy Egan, J.D. , Vice President, J.P.Morgan Trust Company of Delaware; Thomas M. Forrest, CPA, President, Personal Trust Services Division, Charles Schwab Bank; Aaron Fox, Vice President & Trust Officer, The Goldman Sachs Trust Company Of Delaware; Joseph D. Freney, CTFA, Vice President, Christiana Bank & Trust Company; Jürgen Hassenpflug, J.D. , AVP, Trust Administrator, Wells Fargo Delaware Trust Company; Tara Hoffner, Esq., Director, Richards, Layton & Finger, P.A.; William T. LaFond, JD, Managing Director, Wealth Advisory Services, Wilmington Trust; Anne Marie Levin J.D., LL.M., CTFA, VP, Delaware Advantage Trust Specialist, PNC Bank, Delaware; Douglas Lundblad, J.D., LL.M., CFP, VP, Senior Trust Advisor, Wachovia Bank, N.A./Delaware Trust Company; Dawn M. McGill, VP, Wealth & Investment Services, SunTrust Delaware Trust Company; Donna G. Mitchell, Vice President, Personal Trust, Deutsche Bank Trust Company Delaware; Mark V. Purpura, Esq., Director, Richards, Layton & Finger, P.A.; Nicole M. St. Armand, CTFA, AVP, Christiana Bank & Trust Co.; Lynn Welch Watson, CFP, EA, Fiduciary Officer, J.P. Morgan Trust Company of Delaware; James M. Young, CCTS, Vice President, Corporate Trust, Christiana Bank & Trust Company