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 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.