The Connelly Case: Estate and Financial Planning Implications

Date:

8/19/2024 at 11:30 AM to 1:00 PM

Event Description

The US Supreme Court handed down an opinion on an important estate tax issue for closely-held businesses in the case of Connelly V. United States. The opinion was issued June 6, 2024. It’s going to require revisions to a lot of estate planning using business buy-sell agreements.
Course Agenda:

I. The Facts of the Case, Legal Theories at Play, and SCOTUS Decision Analysis

II. The Connelly Impact Exacerbated by the Coming Estate Tax Exclusion Sunset of the Law passed in 2016

III. Reviewing and Amending Buy-Sell Agreements

IV. Revising Life Insurance-Based Planning

CREDIT(S):

1.0 SUBSTANTIVE CREDIT

SPEAKER:

Patti S. Spencer

Patti S. Spencer, Esquire
Spencer Law Firm

Patti S. Spencer has been practicing law for over 40 years and continues to focus her practice on estate planning, probate, trusts, taxation, and closely-held business issues. Ms. Spencer often works as a consultant to other attorneys and financial professionals in estate planning, trust and taxation matters as well as serving as an expert witness in fiduciary litigation.

She graduated summa cum laude from Dickinson College and received her J.D. and LL.M. in Taxation from Boston University School of Law. She is a member of both the Pennsylvania and Massachusetts Bars. She taught Estate and Gift Tax Law in the Boston University School of Law Graduate Tax Program for 8 years.

Her column, Taxing Matters, appeared weekly in the “Business Monday” section of the Lancaster Intelligencer Journal for 14 years. She is a frequent lecturer and is the author of numerous articles on estate planning topics. In 2003, Ms. Spencer was elected as a fellow in The American College of Trust and Estate Counsel.

A new edition of Your Estate Matters, a book which is a compilation of Ms. Spencer’s columns was published in January 2015. Your Estate Matters is currently available online at www.amazon.com.

Ms. Spencer is also the author of a reference book for lawyers: “Pennsylvania Estate Planning, Wills and Trusts Library Forms and Practice Manual”, originally published 2007, 3 volumes, updated annually. It is available from Data Trace Publishing Company www.datatrace.com and on Amazon.

LOCATION||TIME:

Lancaster Bar Association

28 East Orange Street

Lancaster, PA 17602

Lunch: 11:30 AM - 12:00 PM
CLE: 12:00 PM - 1:00 PM

PRICING:

LBA Attorney (with credit) - $40.00

LBA Attorney (without credit) - $28.00

LBA Attorney + Paralegal - $65.00

LBA Member Paralegal/Legal Assistant - $30.00

Non-Member (with credit) - $60.50

Non-Member (Attorney, Paralegal, or Legal Assistant without credit) - $48.00