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 5 – January, 2009

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
Author: Kathleen J. Belmonte, CTFA, AEP
Editor’s Column (PDF file)
Complexity of the Code
Author: John J. Scroggin, J.D., LL.M., AEP
Helpful Information (PDF file)
Information to help your Practice and Life
List of Conferences
2009-2010 Conferences on Estate, Financial and Tax Planning

Estate and Tax Planning Articles

Reciprocal Trust Planning (PDF file)
In this excellent five part article Mark Merric describes the rules governing reciprocal trusts and how to deal properly with this doctrine.
Author: Mark Merric, J.D.
Reinventing the Life Insurance Industry through the Application of the Uniform Prudent Investor Act (PDF file)
In this article, the authors discuss how the UPIA can change the manner in which insurance agents represent their clients.
Authors: Michael J. Brink, CLU, AEP and Thomas R. Love, CLU, FLMI
2009 Inflation and Other Tax Adjustments (PDF file)
This report from Steve Leimberg and Don Evans summarizes the changes to various inflation and other adjusting tax numbers for 2009
Authors: Steve Leimberg and Don Evans
Trust Owned Life Insurance: The CPA’s Role (PDF file)
This April 2008 article examines the issues that need to be addressed when CPAs serve as trustees of life insurance trusts.
Authors: Don Deans and William Nicholson
The Effect of Interest Rates in Estate Planning Strategies (PDF file)
This article examines the impact of interest rate reductions on many common estate planning techniques. With the AFTR rates at historically low levels, this article provides interesting planning perspectives.
Author: UBS Financial Services, Inc.

Practice Aids

The FDIC Guide to Deposit Insurance Coverage (PDF file)
We provide this updated FDIC guidebook to help both you and your clients understand the rules governing FDIC accounts – a frequent area of concern in these turbulent economic times.
The New Form 990 (PDF file)
The IRS has substantially changed the primary form used for reporting by charitable entities. This IRS report provides details on the new form. We provide this new update because many charities are unaware of the new reporting responsibilities.
Warnings for Outsourcing of Payroll Responsibilities (PDF file)
This excerpt from the IRS website provides practical warnings to employers who have third parties who assume their payroll tax responsibilities. Pass it on to your business clients who use payroll reporting companies.
Is Your Hobby a For-Profit Endeavor? (PDF file)
This excerpt from the IRS website provides simple factors for clients to consider when deciding whether an activity is a hobby or a for profit endeavor. Pass it on to clients who think the losses from their hobbies should be deductible.

Presentations and Outlines

Transfer Planning, including use of GRATs, Installment Sales to Grantor Trusts and Defined Value Clauses to Limit Gift Exposure (PDF file)
This June 2008 presentation to the State Bar of Texas Advanced Estate Planning Institute provides a comprehensive review of the innovative transfer planning.
Author: Steve R. Akers, J.D., Bessemer Trust

Studies and Reports

Historical Effective Federal  Tax Rates: 1979 to 2005 (PDF file)
This December 23, 2008 update of a CBO report provides information in Historic Tax Rates from 1979 to 2005.
IRS Tax Statistics (Web Link)
Visit this IRS website to obtain a broad range of data on federal taxes
Tax Guide for Churches and Religious Organizations (PDF file)
Churches and religious institutions are notorious for failing to fully understand their federal tax responsibilities. This IRS publication provides an oversight of the tax benefits and responsibilities of churches. Pass it on to your local clergy and head of the finance committee.
Revenue and Distributional Effects of Reforming the Federal Estate Tax (Web Link)
Visit this website to see the Tax Policy Center’s report from October of last year.
Sources of Growth and Decline in Individual Income Tax Revenues Since 1994(PDF file)
This May 2008 report from the Congressional Budget Office shows the source of individual income taxes over the 13 years from 1994 to 2007.
Taxation of Wealth Transfers within a Family: a Discussion of Selected Areas for Possible Reform (PDF file)
This April 2008 report from the Senate Finance Committee discusses areas for possible reform, including Dynasty Trusts, Crummey Powers and Valuation.
Taxpayer Advocate’s Annual Report to Congress – Executive Summary (PDF file)
This January 2009 report the report discusses 21 problems facing taxpayers, makes dozens of recommendations for administrative change, proposes 17 recommendations for legislative change and analyzes the 10 tax issues most frequently litigated in the federal courts during the past fiscal year. It also contains a second volume that presents in-depth studies on three subjects – the penalty regime in the tax code, the development of a “filter” to protect low income Social Security recipients from automated levies and strategies to improve tax compliance by tax preparers and their clients. Also see the entire report on the IRS website.