SVSJ Estates & Trusts Group: Survey of Lifetime Gift Planning and Form 709 – Part 2 | N2180615


Date :
June 18, 2015 12:00 pm - 1:30 pm
Location :
San Jose Area
Facility :
Abbott Stringham & Lynch
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Level of Difficulty :
Member Price :
Nonmember Price :
CPE Credits :
CPE 1.00, MCLE 1.00, CFP 1.00
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Although the focus of lifetime giving is shifting to income tax considerations, gifts are still required to be reported.  In this survey, Michael Gray will discuss highlights of lifetime gift planning and reporting on Form 709. Part 2 is a review and continuation of materials covered at January meeting. 


  • Highlight requirements for reporting on annual federal gift tax returns              
  • Receive an introduction to lifetime gift planning techniques
  • Grasp the advantages and disadvantages of lifetime gifts

Major Subjects:

  • Charitable trusts – CRATs and CRUTs
  • GRATs
  • Qualified Personal Residence Trusts (QPRTs)
  • Irrevocable life insurance trusts – Crummy powers
  • Defective (grantor) trusts
  • Powers of appointment
  • Trust protectors
  • Sections 2036(c) – pulling property back into the estate
  • Portability – Reporting DSUE use
  • Formula gifts – highlighting disclosure
  • Valuation discounts – documentation and disclosure
  • Charitable gift reporting requirements
  • Reporting gifts to spouses – terminable interest property, QTIP election

Advanced Prep:


Misc. Information:

Lunch included with registration. Please use available street parking. There is also additional parking available at First Congregation Church of San Jose; 1980 Hamilton Ave.
Level of Difficulty:
Field of Interest:
Designed For:
CPAs, attorneys, financial planners and other professional staff.


Michael C Gray, CPA
Michael C. Gray founded his CPA firm, Michael Gray, CPA October 1, 1996. He has continuously worked in public accounting since June, 1974. Mike was a co-founder and partner in charge of tax services of Hubler, Gray and Associates from June, 1986 through September, 1996 and a tax manager at KMG Main Hurdman, subsequently acquired by KPMG Peat Marwick, from February, 1978 to June, 1986. The areas of practice that Mike has focused on include tax planning for individuals, estate and trust planning and administration, tax planning for businesses, tax examinations, and tax procedure. He also assists other tax practitioners in dealing with complex tax issues. Mike has given many presentations and written many articles on tax subjects, including for the California Society of CPAs, Silicon Valley Bar Association and Santa Clara County Bar Association. Mike has been a CPA in California since March, 1977. He received his BS in accounting and MBA at San Jose State University in June, 1974 and June, 1978, respectively. He is a past president of the Silicon Valley San Jose CPAs, past chairman of the tax committee for the Silicon Valley San Jose CPAs and past member of the state tax committee for the California CPAs. He is also a member of the Santa Clara County Estate Planning Council, and has been involved with the Executive Planning Committee of the Tax Section for the Santa Clara County Bar Association. Currently, Mike and his wife Janet devote their Saturdays to caring for their grandsons, Kyan and Clive Baker, while their parents, Holly and Dan Baker, work in the family restaurant, Marché Aux Fleurs, in Ross, California.
No Agenda or Materials posted.