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 4 – May, 2008

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

Letter from the President of NAEPC
Editor’s Column (PDF file)
Unexpected Consequences for the Baby Boomers
Helpful Information
Information to help your Practice and Life
List of Conferences
2008-2009 Conferences on Estate, Financial and Tax Planning

Estate and Tax Planning Articles

McCord V. Commissioner: Defined Value Clauses Redefined? (PDF file)
This excellent article was written by a University of Florida LLM student and won the 2007 Mary Moers Wenig Student Writing Competition sponsored by the American College of Trust and Estate Counsel. It provides an detailed discussion of how defined value clauses should be addressed in an estate plan.
Author: Scott Andrew Bowman, J.D.
Heckerling Musings 2008 (PDF file)
The thoughts and insights of Steve Akers after attending the 2008 Heckerling Institute on Estate Planning, sponsored by the University of Miami School of Law.
Author: Steve R. Akers, J.D.
The Truth About Frivolous Tax Arguments (PDF file)
This annual report from the IRS is perhaps the most detailed discussion of both the arguments people make on why they should not pay taxes and the reasons the IRS will come after them when they don’t pay.
Insurance in Retirement (PDF file)
In this article (which was previously published in CCH’s Journal of Retirement Planning), Ben Baldwin discusses the use of Variable Universal Life Insurance as a retirement income vehicle.
Author: Ben Baldwin, Jr., CLU, ChFC, CFP�
Conditional Love: Incentive Trusts and the Inflexibility Problem (PDF file)
In this article (which was previously published in the ABA Real Property, Trust and Estate Law Journal), Professor Tate discusses the use of incentive trusts in estate planning.
Author: Joshua C. Tate, Professor of Law, Southern Methodist University

Presentations and Outlines

The Uniform Principal and Income Act – Never Confuse “Uniform” with Simplified (PowerPoint file)
In this Power Point presentation, Joe Falanga provides a detailed discussion of the complexities of the Uniform Principal and Income Act.
Author: Joseph V. Falanga, CPA, AEP
Property Law – A Survey of Transfer and Ownership Law for Trustees (PDF file)
This comprehensive review of property ownership laws and rules was made by Leslie Amann for a presentation to the Texas Bankers Association in June 2007.
Author: Leslie Kiefer Amann JD., Senior Vice President, Sentinel Trust Company
Tax Complexity (PDF file)
The Journal provides its readers a humorous slide show on tax complexity.
Author: John J. Scroggin, J.D., LL.M. AEP

Practice Aids

Partial Checklist for Use in a Divorce (PDF file)
This checklist provides a practical list of items clients should consider changing as a part of a divorce.

Studies and Reports

Taxation of Wealth Transfers Within A Family. A Discussion Of Selected Areas For Possible Reform (PDF file)
This April 2008 Senate Finance Committee report analyzes some of the options for reforming the taxation of transfers of family wealth.
The 2008 Social Security Trustees’ Report (PDF file)
This March 2008 annual 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 for the future of federal entitlement programs.
The Deductibility of State and Local Taxes (PDF file)
This February 2008 report from the Congressional Budget Office examines the arguments for and against the state and local tax deduction; how the benefits from the deduction are distributed among different groups of taxpayers and different governments; how the deduction and the AMT interact; and how modifying or eliminating the deduction would affect the federal budget, the finances of state and local governments, and federal taxpayers.
The Budget and Economic Outlook: Fiscal Years 2008 to 2018 (PDF file)
This January 2008 report from the Congressional Budget office provides detailed projections on the federal budget and economy for the next ten years.
List Of Expiring Federal Tax Provisions 2007-2020 (PDF file)
This January 2008 report from Congress’s Joint Committee on Taxation provides a master list of all of the tax provisions which will be expiring in the next 12 years.