Mickey Davis Facilitates Series of Taxation Seminars in Three Major Texas Cities

November 29, 2006

HOUSTON (Nov. 29, 2006) – Bracewell & Giuliani LLP partner Mickey R. Davis recently served as a speaker at the Texas/Federal fiduciary income tax workshop series held Nov. 15 – 17 in Dallas, Houston and San Antonio. Established by Professional Education Systems, Inc., the problem-solving workshop series covered a variety of continuing education topics for attorneys, CPAs, accountants and enrolled agents, as well as other professionals involved in the preparation of fiduciary income tax returns.

Mr. Davis discussed recent tax law changes, including the total return trust concept and combining a decedent’s living trust with the decedent’s estate for a single tax return. In addition, Mr. Davis reviewed several fiduciary income tax problems based on a hypothetical estate or trust. The problems illustrate how the allocation of estate deductions affects the tax liability of the estate or trust and the beneficiaries.

"The case study approach is a very effective way to learn about these complex issues," said Mr. Davis.  "The problems allow us to build on a basic framework to help tax professionals deal with the increasingly sophisticated nature of the problems they encounter in their practices."

Other topics Mr. Davis spoke on included estate and trust administration with a focus on tax rules for trusts and estates, the treatment of excess administration expenses in the estate or trust’s year of termination, as well as the effect of capital gains and losses in distributions and excess expenses distributed to the beneficiaries.

Mr. Davis' practice addresses all aspects of wealth transfer planning, including sophisticated strategies for maximizing assets, minimizing taxation and preserving wealth for future generations.  He is board certified in estate planning and probate law by the Texas Board of Legal Specialization, a Fellow of the prestigious American College of Trust and Estate Counsel, as well as a Certified Public Accountant and an Adjunct Professor of Law at the University of Houston Law Center.

Mr. Davis’ special focus on wealth transfer planning enables him to assist clients as individuals and families to preserve and protect their financial assets through sophisticated but practical strategies that maximize assets while minimizing taxes and creditors’ claims.  Mr. Davis places special emphasis on communicating sophisticated wealth and estate management strategies to clients, enabling them to implement plans best suited to their wishes.