NAEPC Webinars:

Wednesday, July 8, 2020 at 3:00pm - 4:00pm ET - What Estate Planning Professionals Need to Know About Cybersecurity in the Era of COVID-19

Source: The Robert G. Alexander Webinar Series

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Clients regularly trust planning professionals with something nearly as valuable as their money — their personal information. Cyber criminals are well aware that financial planners, trust officers, CPAs and attorneys are treasure troves of information that can be exploited to perpetrate a variety of schemes and frauds. Concerned with this growing problem, clients are increasingly expecting that planning professionals will keep their information private as well as secure. Additionally, those professionals with access to client assets may be targets of cyber attacks to steal those funds. The challenge of keeping client information and assets secure has increased in recent months, as work environments have changed dramatically and rapidly due to the COVID-19 pandemic, and sadly, many cyber criminals are exploiting the impacts of the health crisis for their own financial gain.

This presentation will discuss the various cyber threats confronting estate planning professionals, legal obligations and risks in the context of data security, and some non-technical strategies for reducing this legal risk with specific considerations related to impacts from COVID-19.

Justin Joy is a shareholder in the Memphis office of the Lewis, Thomason, King, Krieg & Waldrop, P.C law firm.  He also serves as the firm’s privacy officer.  In addition to a range of experience in healthcare liability defense litigation and business law matters, Justin heads up Lewis Thomason’s cybersecurity practice group.  He provides counsel to clients in a variety of industries in the area of information privacy and data security including incident investigation and breach response management, regulatory compliance, privacy and security policy review and drafting, and cyber risk management.  Justin speaks frequently to various groups and organizations on the topic of information privacy and cybersecurity.

Justin is a Certified Information Privacy Professional/US (CIPP/US) and a Certified Information Privacy Technologist (CIPT) through the International Association of Privacy Professionals.  He is a 2001 graduate of Wake Forest University and holds a law and MBA degree from the University of Memphis.

REGISTER HERE for the individual program. To purchase the 2020 webinar series, please click HERE.

Wednesday, August 12, 2020 at 3:00pm - 4:00pm ET - Creative Ways to Fund Business Owner Retirement

Source: The Robert G. Alexander Webinar Series

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Every Business Owner leaves their businesses whether voluntarily or involuntarily.  Consideration in the positioning and use of life insurance prior to the exit can mean a huge difference in ultimate retirement cash flow for the Business Owner.  This intermediate presentation will provide valuable food for thought for the professional who has business owner clients.

Vincent M. D’Addona MSFS, CLU®, ChFC®, RICP®, CExP®, AEP® (Distinguished) is an advisor at Strategies for Wealth with 41 years of experience providing services in three core areas: Estate Planning, Exit Planning for the owners of closely held businesses and Investment Coaching.  Vince has served as workshop sub-committee chair for the AALU 2010 annual meeting, in addition to being a featured speaker in 2005.  Vince is a Life and Qualifying member of MDRT, Court of the Table for 31 years and Top of the Table for 17 years and has spoken at the MDRT National Meeting.  Vince is a member of the Forum400, Financial Planning Association, the National Association of Insurance and Financial Advisors, and the National Association of Estate Planning Councils.  He has served as president of the New York City Chapter of the Society of Financial Services Professionals, and on the boards of the New York City Association of Insurance and Financial Advisors and the New York Estate Planning Council.

 

REGISTER HERE for the individual program. To purchase the 2020 webinar series, please click HERE.

Wednesday, September 9, 2020 at 3:00pm - 4:00pm ET - Zen and the Art of Trust Modification

Source: The Robert G. Alexander Webinar Series

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Step back from the mind-numbing distinctions and details of particular decanting and nonjudicial modification statutes to focus on the universal issues that should be addressed when taking a trust into the shop and the nuts and bolts of getting your trust on the road again.

Susan T. Bart is a partner in the Private Clients, Trusts & Estates Group of the Chicago office of Schiff Hardin LLP. She is a Fellow of The American College of Trust and Estate Counsel (ACTEC) and Chair of its Estate and Gift Tax Committee. She was the Reporter for the Uniform Law Commission Trust Decanting Act.

REGISTER HERE for the individual program. To purchase the 2020 webinar series, please click HERE.

Wednesday, October 14, 2020 at 3:00pm - 4:00pm ET - International Planning

Source: The Robert G. Alexander Webinar Series

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Detailed information regarding this presentation will be posted soon.

REGISTER HERE for the individual program. To purchase the 2020 webinar series, please click HERE.

Wednesday, December 9, 2020 at 3:00pm - 4:00pm ET - TBD

Source: The Robert G. Alexander Webinar Series

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Detailed information regarding this presentation will be posted soon.

REGISTER HERE for the individual program. To purchase the 2020 webinar series, please click HERE.

Issue 1 – November, 2006

NAEPC Journal of Estate & Tax Planning

Editor’s Note: This “dinner menu” summary is designed to help you with the flavor of the article before you read more. If you are interested in the article, click its title to access a copy.

Regular Columns and Reports

President’s Report
A letter from the NAEPC President, Carol Tully.
Editor’s Column 
An introduction to the first NAEPC Journal of Estate & Tax Planning.
List of Websites and Studies
A list of interesting information, reports and studies.
List of Conferences
2006-2007 conferences on estate, financial and tax planning.

Articles

Life Settlements: Risk Management Guidance for Professional Advisors and Fiduciaries
Part 1 (111KB PDF)   Part 2 (314KB PDF file)
This two-part article is reprinted from articles that appeared in Estate Planning magazine in 2006. It provides an extremely detailed discussion of the rules governing life settlements and how advisors should approach the use of life settlements. This is an essential article for any planner who clients are considering the use of a life settlement.
Authors: Stephan R. Leimberg, E. Randolph Whitelaw, Richard M. Weber, and Liz Colosimo
Where’s My Inheritance? (160KB PDF file)
The 1999 Boston College/Paul Schervish report of a massive passage of wealth from 2000 to 2050 is often cited by planners. In this article (a reprint from a November 2006 Journal of Practical Estate Planning article), the author provides a number of reasons why Baby Boomers may not inherit as much as they expected and some of the planning implications of that reduction in inheritance. (A version of this article will appear in The Journal of Practical Estate Planning, December 2006-January 2007.)
Author: Charlie Douglas
Initiatives Against Money Laundering of Importance to Estate Planners (98KB PDF file)
This article is a reprint from an article which appeared in Estate Planning magazine in 2006 and discusses how the post-9/11 initiatives against money laundering impact estate planners.
Authors: Henry Christensen and Catherine Pieroni
The GST Tax Tail is Killing the Rule Against Perpetuities (66KB PDF file)   
In a reprint from a 2000 Tax Notes article, Professor Ira Bloom discusses why the movement to eliminate the Rule Against Perpetuities may not be advisable. It provides an excellent and logical discussion of what the Rule does and why it should survive. 
Author: Ira S. Bloom
A Return to 2001? 
When the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”) was passed, most estate planners (and probably most Republicans) anticipated that by 2011 there would either be permanent transfer tax legislation. This article discusses the increasing possibility that the pre-EGTRRA rules may return in 2011.
Author: Jeff Scroggin

Presentations and Outlines

Estate Planning for Same-Sex Couples (524KB PDF file)   
Appendix D – Attorney General’s Opinion (646KB PDF file)
In October 2006, the Census Bureau reported that married couples were a minority of US households (49.7%) for the first time. This 142 page, October 2006 presentation to the Connecticut Bar Association, Estates and Probate Section provides a detailed discussion of many of the issues that unmarried couples face in their estate planning.
Author: Frank S. Berall
Using Disclaimers in an Uncertain Estate Planning Environment (97KB PDF file)   
Steve McDaniel wrote this 30-page outline for his November 2006 presentation at the NAEPC Annual Conference. The outline provides a detailed review of the rules, opportunities and traps that exist in using disclaimers as part of a client’s estate planning.
Author: Steve McDaniel
Ethics and the Secondary Life Insurance Marketplace (40 KB PDF file)
This October 2006 presentation outline discusses many of the professional and ethic issues surrounding life insurance settlements and the financing of life insurance premiums.
Author: Thomas L. Virkler

Studies and Reports

Looking Beyond Perpetuity: Customizing a Private Foundation (633 KB PDF file)
This 2005 Bernstein study provides a detailed analysis of many of the benefits and requirements of private foundations and their unique financial and investment issues. It can serve as an excellent resource for clients considering the creation of a private foundation. (Editor’s Note: Anyone using the study should be aware of the new limits placed on Supporting Organizations and Donor Advised Funds, as possible alternatives to a private foundation, by the Pension Protection Act of 2006.)
Author: Bernstein
Background and Issues Relating to the Patenting of Tax Advice (167KB PDF file)   
This July 2006 Congressional Report provides detailed information on the recent controversy surrounding the patenting of tax advice.
Author: Joint Committee on Taxation
Congressional Study on State Estate and Gift Tax Revenue (41KB PDF file)   
This 2003 Congressional Report discusses the revenue implications on state governments of the 2001 elimination of the federal state estate tax credit.
Author: Steve Maguire, Library of Congress
A History of Federal Estate, Gift, and Generation-Skipping Taxes (133KB PDF file)   
This 2003 Congressional Report provides a detailed history of federal transfer taxes. This report is an important source for anyone pondering the possible passage of permanent federal transfer tax legislation.
Author: John R. Luckey, Library of Congress