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 26 – May, 2017

NAEPC Journal of Estate & Tax Planning

Editor’s Note: The Future is Now – And We Have Proof!
Reproduced courtesy of ABA Journal and Max Licht www.maxlicht.com.
Author: Susan P. Rounds, JD, CPA, LL.M., AEP®, TEP

Accredited Estate Planner® Designee – Top Pick (See previous top picks)

2017 Heckerling Institute of Estate Planning Highlights (PDF file)
Marty’s amazing PowerPoint hits the high points of Planning in Light of Repeal and Recent Developments, including Preferred Partnership Planning, Life Insurance, GRATs, Drafting Points, 2704 and many other critical categories.
Reproduced courtesy of Heckerling Institute and the University of Miami, and Leimberg Information Services, Inc. (LISI)
Author: Martin M. Shenkman, CPA, MBA, PFS, AEP® (Distinguished), JD

Features

Marty Shenkman Meeting Notes from Heckerling Days 1-5 (PDF file)
Marty’s Time Honored Compendium of Notes from the Heckerling Sessions.
Reproduced courtesy of Heckerling Institute and the University of Miami, and Leimberg Information Services, Inc. (LISI)
Author: Martin M. Shenkman, CPA, MBA, PFS, AEP® (Distinguished), JD
Estate Planning Current Developments and Hot Topics (PDF file)
Hot off the presses! The legendary piece from legendary master.
Reproduced courtesy of Heckerling Institute and the University of Miami
Author: Steve Akers, JD, AEP® (Distinguished)
How to Deal With Repeal (PDF file)
The author discusses the prospective landscape if repeal of the estate tax were to become reality. Planning strategies that provide flexibility, control and wealth protection are highlighted and analyzed in light of this new possibility.
Originally published in the March 2017 issue of Trusts & Estates. Reproduced with permission.
Author: Todd A. Flubacher, JD, AEP®
The Estate Tax at 100 (PDF file)
A lively discussion of the century old roots leading to the current U.S. estate tax with a detailed history of the milestones reached over the last 100 years.
Originally published in the August 2016 edition of Estate Planning Review-The Journal. Reprinted by permission.
Author: Blanche Lark Christerson, JD, LL.M. (taxation)
The Renaissance of Single-Stock Concentration Risk Management (PDF file)
Need to overcome a tax hurdle before realizing gains or mitigating a concentration risk? See this analysis of 3 nontraditional tools: Exchange Funds and Stock Protection Funds, useful for tax-efficient diversification over time, and Tax-Optimized Equity Strategies to facilitate retention while protecting unrealized gains.  Provides a solid foundation and clear examples.
Written for the NAEPC Journal.
Authors: Thomas Boczar, Esq. LL.M., CPWA®, CFA, and Elizabeth Ostrander, CFA
Income Tax Planning and Estate Planning for Negative Capital Accounts: The Entity Freeze Solution (PDF file)
Haunted by phantom gain? Need a ghostbuster? This examination describes how the strategy is applied under the partnership allocation rules to obtain a step-up at death for low basis assets with liabilities in excess of basis. Also see Professor Hesch’s associated presentation below.
Reproduced courtesy of Bloomberg BNA
Authors: Steve Breitstone, Esq., and Jerome M. Hesch, JD, AEP® (Distinguished)
Income Tax Planning for Negative Capital Account Real Estate: Dealing with Phantom Gain (PDF file)
As Professor Hesch likes to remind us, income tax planning is critical and even more so now in light of possible estate tax repeal. Practical examples on dealing with phantom gain for negative capital account real estate were outlined and explained in the March edition of the NAEPC Robert G. Alexander Webinar Series. The presentation is attached here and see the associated article above.
Author: Jerome M. Hesch, JD, AEP® (Distinguished)
20th Anniversary of Domestic Asset Protection Trusts (PDF file)
With 17 states having enacted DAPT statues, it is important for planners to understand this strategy and know something about its history. The distinguished author states his case on where things stand today.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Steven J. Oshins, JD, AEP® (Distinguished)
The Asset Protection Planning Continuum – Practical Steps for Estate Planning Lawyers and Other Professionals (PDF file)
Lays out a road map to guide clients through the landscape of asset protection planning – from insurance solutions to more complicated asset protection trusts funded with tiered entities. Destination: an appropriate solution based on the client’s circumstances and budget.
© 2017. Published in The RPTE eReport March 2017, by the American Bar Association. Reproduced with permission.
Authors: Martin M. Shenkman, CPA, MBA, PFS, AEP® (Distinguished), JD and Alan S. Gassman, JD, LL.M., AEP®
Hot Valuation Issues in Estate Planning (PDF file)
From the 3 approaches to measuring value, to key factors when working with appraisers, our noted speaker for the April edition of the NAEPC Robert G. Alexander Webinar Series delved into all aspects of valuation, a key driver in the success of many sophisticated estate planning strategies. See the attached presentation created by the past president of the Atlanta Estate Planning Council.
Author: David P. Adams, III, CPA, ABV, ASA
Planning in Uncertain Times – Part I and Part II (PDF file)
Part I lays out the current legislative landscape as it pertains to potential estate tax repeal and highlights possible outcomes including the likelihood of “permanence”. Part II models the financial cost of delaying planning based on those repeal scenarios as measured by the amount of wealth ultimately transferred to family.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Robert W. Finnegan, JD, CLU®

News Nook: A Compendium of Current Affairs

The NAEPC Journal of Estate & Tax Planning Tax Update (PDF file)
Author: Scott E. Swartz, JD, LL.M., AEP®
Tax Topics – NEW ADDITION! (PDF file)
Author: Blanche Lark Christerson, JD, LL.M. (taxation)
Practical Planner Newsletter 1st QTR 2017 (PDF file)
Author: Martin M. Shenkman, CPA, MBA, PFS, AEP® (Distinguished), JD
NAEPC Monthly Technical Newsletter
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)