The Southpac Offshore Planning Institute ~ The 2009 Annual Conference
Encore at the Wynn Las Vegas
October 1 & 2, 2009

Seminar Agenda and Highlights

CLE Accreditation Pending

PLEASE NOTE: We are in the process of finalizing the program for the 2009 Annual Conference. Below please find a listing of the 2008 program.

Thursday, September 18

8:30am - 9:00am ~ Introductory Comments & Recent Developments (Southpac Representative to be named / Neal B. Rubin ~ Rochdale Offshore Investment Management)

A representative of Southpac will provide an industry perspective of recent developments affecting asset protection and other forms of offshore planning. Presenting alongside Southpac, Mr. Rubin will cover important changes in international banking that affect offshore planning for U.S. persons.

9:00am - 10:30am ~ Fundamental Principles of Asset Protection Planning (Howard D. Rosen ~ Donlevy-Rosen & Rosen, P.A.)

Mr. Rosen is a nationally-recognized estate planning attorney focusing on asset protection planning strategies. He is also the author of the BNA Tax Management Portfolio treatise, "Asset Protection Planning." This presentation will focus on the essential considerations of asset protection planning, with particular emphasis on one of the most powerful planning tools in use today: the foreign asset protection trust.

10:30am - 10:45am ~ Morning Break

10:45am - Noon ~ Asset Protection Planning for Immoveable Assets (Patricia Donlevy-Rosen, Donlevy-Rosen & Rosen, P.A.)

While cash and securities may be relatively mobile, many forms of valuable assets -- real estate and operating businesses , for example -- cannot be physically relocated to a protective jurisdiction. Ms. Donlevy-Rosen will provide a detailed overview of the latest innovations in financing techniques to help protect immoveable assets, including the Real Estate Equity Investment Strategy offered exclusively by the Southpac Group.

Noon - 1:30pm ~ Lunch Break

1:30pm - 2:30pm ~ The Nevada Asset Protection Trust: Insight & Analysis (John E. Dawson ~ Lionel, Sawyer & Collins)

Southpac helped the Cook Islands introduce the world's first asset protection trust law. This legislation has served as a model for similar laws in over a dozen other countries, and now several U.S. states have implemented their own protective statutes. Mr. Dawson will analyze the state and federal legal issues affecting domestic planning, the constitutional concerns, and the potential for attorney liability.

2:30pm - 3:30pm ~ ETRAP: Estate Tax Reduction - Asset Protection (Edward D. Brown ~ Engel & Reiman pc)

This presentation explores two-headed, and yet properly balanced, structures that achieve a client's asset protection -- as well as estate tax reduction -- goals. Mr. Brown will point out how each such goal actually enhances the effectiveness of the other goal in an almost paradoxical manner. Sample structures will be presented to show the practical application of the ETRAP concepts, including the tax benefits and creditor protection provided by each.

3:30pm - 4:30pm ~ U.S. Tax Considerations & Planning Strategies (Leslie A. Share - Packman Neuwahl & Rosenberg)

Offshore planning strategies require careful attention to tax reporting requirements and important income and estate tax consequences. Mr. Share will cover (i) choice of holding entity issues and planning from a U.S. tax standpoint, (ii) the U.S. reporting requirements for trusts, settlors, and beneficiaries with respect to transfers, distributions, income, and underlying assets, (iii) certain U.S. "income tax traps" applicable to offshore trusts and how to avoid them, and (iv) the use of offshore trusts for pre-immigration planning for foreign persons contemplating a move to the United States.

Friday, September 19

8:00am - 8:30am ~ Breakfast Served

8:30am - 9:30am ~ Introduction to Life Insurance & Annuities (James M. Duggan ~ Handler, Thayer & Duggan, L.L.C.)

Mr. Duggan is a nationally prominent speaker and frequent lecturer at international business and tax planning conferences and family office conferences. This presentation will focus on the fundamental income and estate tax principles that make life insurance and annuities favored products.

9:30am - 10:30am ~ Life Insurance and Annuities:  Advanced Planning Techniques (Scott B. Flaherty ~ Jeffrey M. Verdon Law Group, LLP)

Integrating a life insurance or annuity product into a client’s plan introduces a host of issues affecting the design of the policy, the selection of investments within the policy, and the manner in which the policy is held.  Mr. Flaherty will examine the asset protection planning aspects of offshore private placement products, prevailing funding and investment techniques, and the key components of U.S. tax-compliant products that practitioners need to be aware of when advising clients. 

10:30am - 10:45am ~ Morning Break

10:45am - Noon ~ Ethics and Offshore Planning: Anti-Money Laundering Rules, the USA Patriot Act, and Related US Tax Issues (David Henderson, C.P.A., J.D., LL.M. ~ Handler, Thayer & Duggan, L.L.C.)

Funding an offshore business or estate plan raises many unique compliance challenges, with the threat of civil and criminal sanctions confronting both the practitioner and the client. Mr. Henderson, an accomplished offshore planning attorney, will address several fundamental compliance regimes that every practitioner should be mindful of when engaged in offshore planning: international anti-money laundering regulations, the USA Patriot Act rules, and related US tax laws.

Noon - 1:30pm ~ Luncheon & Panel Discussion: Current Trends in Offshore Planning (Arnold S. Goldstein ~ Arnold S. Goldstein & Associates, LLC)

Members of Southpac's Board of Advisors will discuss the latest trends and innovations in asset protection planning and offshore business and tax strategies. Special consideration will be given to the integration of estate and asset protection planning objectives with broader wealth management techniques.