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 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.