The 3.3-hour October 26, 2009 presentation by Louis A. Mezzullo, Esquire, a partner in the Rancho Santa Fe, CA, office of the Luce Forward law firm, provides a practical explanation of three "hot" developments in estates, gifts and trusts: ROTH IRAs and Accounts, the just-released IRC Sec. 2053 Final Regulations and seven recently-decided FLP/LLC cases.

Major topics include:

üRoth IRAs And Accounts

• why important now: no MAGI limitations beginning in 2010!

• what is a Roth IRA; differences from regular IRA

• contribution and distribution rules

• Roth conversions; recharacterizations; reconversions 

• Roth Accounts

• who should make a Roth conversion

üIRC Sec. 2053 Final Regulations

• the preamble

• bona fide requirement

• court decrees and settlements

• amounts deductible

• effect of post-death events

• claims against the estate

• examples

üRecent Important FLP/LLC Cases

• Estate of Miller v. Comm.

• Linton v. U.S.

• Heckerman v. U.S.

• Pierre v. Comm.

• Keller v. U.S.

• Estate of Murphy v. U.S.

• Estate of Malkin v. Comm.