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 6 – June, 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
Planning for What Happens Next
Author: John J. Scroggin, J.D., LL.M., AEP
List of Conferences
2009-2010 Conferences on Estate, Financial and Tax Planning

Estate and Tax Planning Articles

Heckerling Musings 2009 (PDF file)
Steve Akers provides his annual summary of insights garnered from the University of Miami Institute on Estate Planning.
Author: Steve R. Akers, J.D.
Private Split Dollar – What’s New about an Old Opportunity (PDF file)
This article provides insights on using private split dollar to fund life insurance.
Authors: Michael F. Amoia, JD, CFP, CLU, ChFC, Kristen E. Simmons, JD, and Robert C. Slane, AEP, CLU
Planning to Minimize or Avoid State Income Tax on Trusts (PDF file)
Dick Nenno provides a detailed article on avoiding state income taxes on trusts.
Author: Richard W. Nenno, Esq, Wilmington Trust
How a Corporate Trustee Can Help a Financial Planner Meet Their Client’s Goals(PDF file)
This article, by a former President of NAEPC, discusses why financial advisors should consider advising their clients to use Corporate Trustees.
Author: Thomas M. Forrest, CPA, AEP
How Do I Love Thee, Let Me Count the Days: Deathbed Marriages in America(PDF file)
This interesting article discusses some of the legal issues surrounding deathbed marriages.
Author: Terry L. Turnipseed, Assistant Professor of Law, Syracuse University College of Law
Passing It on from the Inside out (PDF file)
This article discusses some of the practical details that clients and their advisors should address in exit planning strategies for closely held businesses.
Authors: Charlie Douglas, J.D.,CFP, AEP and Hugh Massie

Practice Aids

2009 State Death Tax Chart (PDF file)
A summary of the current state death tax law in the 50 states and the District of Columbia.
Author: Charles D. Fox, IV
Family Limited Partnership Checklist (PDF file)
Byrle Abbin has produced this comprehensive Family Limited Partnership checklist using the various rulings on FLPs.
Author: Byrle M. Abbin
IRS Publication 78 (external link)
Information on the tax-exempt status of a charitable organization.
IRS Publication 552 (PDF file)
Do you and your clients ever wonder how long records should be retained? This IRS publication is designed to give you detailed information on the IRS’s requirements.

Presentations and Outlines

Transcript for Canceled Debt (Tax Consequences) (PDF file)
This March 2009 transcript of an IRS Phone Forum provides a discussion of the tax consequences of forgiven debt.
Tax Myths (PDF file)
A short PowerPoint presentation on a few current tax myths.
Author: John J. Scroggin

Studies and Reports

Summary of Estate Tax Filings in 2007 (Excel file)
This Excel Spreadsheet provides summary data on Federal Estate Tax filings for 2007.
IRS Strategic Plan 2009-2013 (PDF file)
A copy of the IRS’s strategic plan for development from 2009-2013.
Historic Tax Information from 1979 to 2006 (external link)
To obtain information on historic tax rates and household income from 1979 to 2006, go to this CBO website.
Beware of IRS’ 2009 “Dirty Dozen” Tax Scams (external link)
Go to this website to see the IRS’s list of the top Dozen Tax Scams.
2009 Social Security Trustees Report (PDF file)
This May 2009 report from the Trustees of the Social Security Fund provides some sobering information on the future of the fund.