NAEPC Webinars:

Wednesday, March 11, 2020 at 3:00pm - 4:00pm ET - Charitable Giving and Tax Planning Strategies in the TCJA Era

Source: The Robert G. Alexander Webinar Series

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The tax act formerly known as the Tax Cuts and Jobs Act (TCJA) fundamentally altered the charitable giving and tax planning landscape for all donors. In this program, the presenter will summarize the major tax law provisions that impact charitable giving and donors, and identify and discuss key charitable giving and tax planning opportunities and strategies available to donors today.

Patrick J. Saccogna, JD, LL.M. (taxation), CPA*, AEP®, is a partner in the Personal & Succession Planning practice group of Thompson Hine LLP, in Cleveland, Ohio, and focuses his practice on counseling high net worth individuals, families, and closely-held businesses in a wide range of personal, charitable, business, tax, multi-generational wealth transfer, asset protection, and succession planning matters, and representing fiduciaries and beneficiaries in estate and trust administration, tax compliance, and fiduciary litigation matters. Patrick is a Fellow in the American College of Trust and Estate Counsel (ACTEC), a Certified Public Accountant (CPA) in Ohio, and is an Ohio State Bar Association (OSBA) Board Certified Specialist in Estate Planning, Trust and Probate Law. Patrick is currently serving as the Chair of University Hospitals' Diamond Advisory Group, is a past President of The Estate Planning Council of Cleveland, a past Chair of the Estate Planning, Probate, and Trust Law Section of the Cleveland Metropolitan Bar Association, a past Chair of Case Western Reserve University's Estate Planning Advisory Council, is ranked in Chambers HNW 2019 (Ohio: Private Wealth Law), and received the Estate Planning Council of Cleveland's 2017 Distinguished Estate Planner Award. [* = inactive CPA status]

 

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

 

 

 

Wednesday, April 8, 2020 at 3:00pm - 4:00pm ET - The Ethical Considerations of NYS DFS Reg 187, FINRA Rule IM2210 and the UPIA Relating to "Decision Support Material" Used by Life Insurance Producers and Attorneys CPAs and RIAs in the Life Insurance Decision Process

Source: The Robert G. Alexander Webinar Series

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On July 18th 2018, the New York Department of Financial Services (NY DFS) issued the nations first "clients Best Interest Rule". Similar to other Fiduciary Laws, this rule defines the meaning of “clients’ best interests” for life insurance product recommendations based on a careful, skilled, prudent, and diligent evaluation of costs, performance, and risks relative to benefits.  Additional states have announced their own Fiduciary legislation.

In this important, wide-ranging presentation, we will review the Best Interest Rule that raises significant ethical considerations for estate planners and life insurance producers serving fiduciaries and/or working under a fiduciary definition of “clients’ best interests” both in and outside New York.

Steven is uniquely qualified to help estate planning professionals better understand the ethical implications and new business opportunities created by the “new fiduciary era for life insurance”.  He helps CPAs, wealth managers and attorneys guide their clients’ insurance decisions based on this prudent process.

Steven is an expert in applying Prudent Investor guidelines to life insurance product selection/retention and portfolio management according to established and proven asset management doctrine.  He is guided by the Uniform Prudent Investor Act, FINRA Rule IM 2210, NY DFS Regulation 187 "Clients Best Interest" rule and lessons learned from the first adjudicated fiduciary lawsuit regarding Trust Owned Life Insurance AKA Cochran v. Key Bank.  

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

Wednesday, May 13, 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.

Wednesday, June 10, 2020 at 3:00pm - 4:00pm ET - Planning Team Revenue Opportunities Generated by New Tax Law

Source: The Robert G. Alexander Webinar Series

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Listen to this program if you are interested in how an insurance professional has used the recent tax legislation to help clients plan by including several members of the planning team. This intermediate level program will include multiple case examples.

Terri Getman is a nationally recognized lecturer, author and advisor to financial representatives who provide advice to families and privately-held business owners across the U.S. For more than 30 years Terri has specialized in the appropriate use of life insurance in client’s estate, business and executive benefit plans. Terri currently works for Diversified Brokerage Services, one of the largest life insurance brokerage general agencies, but for most of her career she held positions in advanced marketing at several large insurance carriers.  

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

Wednesday, July 8, 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.

Wednesday, August 12, 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.

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 3 – December, 2007

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

Editor’s Column
Conflicts and Estate Planning
Helpful Information
Information to help your Practice and Life
List of Conferences
2008-2009 Conferences on Estate, Financial and Tax Planning

Life Insurance Articles

Tips for Evaluating Existing Life Insurance Policies, Part I (419 KB PDF file), and Part II (1,173 KB PDF file)
This excellent article provides practical tips on how to review a client’s exiting life insurance policies.
Author: Robert Littell, CLU, ChFC, FLMI, SRM
Sell Your Policy? (240 KB PDF file)
This September 2006 article from Trusts and Estates discusses the issues which need to be considered when a client is considering the sale of a life insurance policy.
Authors: Allan Goldstein, Leigh Harter, and David Holaday
Taxation of Life Insurance: Understand the Issues to Avoid Mistakes (889 KB PDF file)
In this June 2007 article from the Journal of Practical Estate Planning, Pete Gibbons details the critical issues which any planner needs to understand in the use of life insurance in the estate plan.
Author: Pettus C. (“Pete”) Gibbons

Estate Planning Articles

Is Unlimited Inheritance Un-American? (57 KB PDF file)
Jim Grote discusses the question of whether the estate tax is needed as a societal tax designed to avoid creation of a class of perpetual wealthy in America.
Author: Jim Grote
Editor’s Note: See also the November 2006 Journal article by Ira S. Bloom entitled The GST Tax Tail is Killing the Rule Against Perpetuities
Oral Trusts And Wills: Are They Valid? (106 KB PDF file)
Frank Berall provides a brief review of oral, nuncupative, mutual and holographic wills and their use in estate plans.
Author: Frank S. Berall
Estate Planning To Cope With The Current Legislative Uncertainty (149 KB PDF file)
In this May 2007 article in Estate Planning magazine, Jeff Scroggin discusses whether there will be permanent transfer tax reform and how to plan until Congress adopts or fails to adopt new legislation.
Author: John J. Scroggin

Presentations and Outlines

Perpetual Dynasty Trusts: Tax Planning And Jurisdiction Selection (1,153 KB PDF file)
Dick Nenno provides a comprehensive review of the use of Dynasty Trusts in estate planning.
Authors: Richard W. Nenno
Tax Update from the Hill – The Fate of the Estate – Legislative Updates of Estate and Gift Tax Reform Proposals (427 KB PDF file)
This 2007 report provides an overview of the 2007 transfer tax reform efforts.
Author: Elizabeth Paris and the Congressional Research Service

Studies and Reports

The Nation’s Long-Term Fiscal Outlook (167 KB PDF file)
This September 2006 report analyzes the US’s long term financial condition and expresses serious concern that the single biggest financial issue facing the country is the cost of heath care.
The 2007 Social Security Trustees’ Report (857 KB PDF file)
This May 2007 report of the United States Board of Trustees of the Federal Old Age and Survivors Insurance and Federal Disability Insurance Trust Funds paints a dismal picture of the future of federal entitlement programs without reform.
IRS Report on Reducing the Federal Tax Gap (661 KB PDF file)
This August 2007 report from the IRS details how US taxpayers can be “encouraged” to increase their voluntary payment of tax to the federal government.
Asset Distribution of Taxable Estates (69 KB PDF file)
This February 2007 report from the Congressional Research Service uses information from federal estate tax filings in 2005 to show how assets were distributed.
Author: Steven Maguire