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OnDemand Webinar

Who Wants to be a Drillionaire? Estate Planning for Oil and Gas Owners

Learn valuable estate planning techniques to protect your client's oil and gas assets.

The oil and gas boom has created millions of jobs and generated billions in bottom-line revenue, giving rise to more drillionaires than ever. From Jed Clampett to Howard Hughes, it is important to understand the everyday issues facing all oil and gas owners, regardless of their level of sophistication or peculiarities. Specifically, many oil and gas owners fail to take the proper measures to protect their assets during their lifetimes and minimize the taxation of such assets at their deaths. This on-demand webinar will provide a practical approach to estate planning for oil and gas owners by exploring specific strategies and considerations, focusing primarily on liability protection and wealth transfer strategies.

Runtime: 90 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Types of Property Interests and Associated Rights

  • Surface vs. Subsurface Interests
  • Operating Interests vs. Non-Operating Interests
  • Other Lease Payments and Clauses

Common Issues Confronted by Oil and Gas Owners

  • Marital Property Considerations
  • Exposure to Liability
  • Taxation
  • Transfer of Minerals at Death

Estate Planning Strategies and Considerations

  • Partnership and LLC Planning
  • Simple Gifts and Loans
  • Advanced Wealth Transfer Strategies
    • Installment Sales to Grantor Trusts
    • Grantor Retained Annuity Trusts (IDGTs)
    • Investment Trusts
  • Charitable Planning
  • Valuation Issues
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on July 9, 2014.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jeffrey D. Chadwick

Jeffrey D. Chadwick

Winstead PC

  • Attorney in the Wealth Preservation Practice Group at Winstead PC and maintains an office in both Houston and the Woodlands, Texas
  • Focuses his practice on sophisticated trust and estate planning for business executives, closely held business owners, and other high net worth individuals and families
  • Frequent speaker at tax and estate planning seminars
  • Writer of numerous articles that have appeared in estate planning publications and law reviews, including the Probate Practice Reporter and the University of Richmond Law Review
  • Also co-wrote the ABA Tax Section's comments to the Internal Revenue Service on trust decanting and has been quoted by Bloomberg BNA on matters pertaining to trust administration
  • Began his career in Richmond, Virginia, where he was named one of the top up-and-coming lawyers in the state by Virginia Super Lawyers magazine
  • J.D. degree, University of Richmond; B.S. degree in education, Baylor University
  • Can be contacted at 281-681-5960 or [email protected]
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 391856
Published 2014
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