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 32 – October, 2019

NAEPC Journal of Estate & Tax Planning

Editor’s Note: Opportunity Knocks . . . Know The Code To Open the Door!
A quick read that provides a brick solid summary of first steps on the road to OZ.
Author: Susan P. Rounds, JD, CPA, LL.M., AEP®, TEP

Complimentary Webinar: The Melton Family Case: Climbing the Philanthropic Learning Curve, provided with Trusts & Estates and sponsored by the Accredited Estate Planner® designation (Video)
During this webinar you will see that a particular specialty (advice on grant-making for philanthropic impact) is often missing, even when philanthropy is a big part of the estate plan. Learn to identify when strategic grant-making advice is needed, identify specialists providing such advice to family foundations and large donor advised funds, and decide whether you will handle such advice or hand it off based on the case study.
Learn more about the Robert G. Alexander Webinar Series.
Panelists: Phil Cubeta, CLU®, ChFC®, CAP®, AEP®, Tony Macklin, CAP®, and Jennie Zioncheck, CAP®, MFT

Top Pick

Estate and Tax Planning Roadmap for 2019-2020 (PDF)
The authors clear a strategic path through our new planning landscape and illustrate techniques to traverse potential detours along the way.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished), Jonathan Blattmachr, Esq., AEP® (Distinguished), Joy Matak, JD, LL.M., and Sandra D. Glazier, JD

Features

Kaestner Supreme Court Case Summary (PDF)
A can’t miss synopsis by two NAEPC Estate Planning Hall of Fame® members outlining the analysis in the monumental decision that reignited the situs question.
Authors: Steve R. Akers, JD, AEP® (Distinguished) and Ronald D. Aucutt JD, AEP® (Distinguished)

5th Annual Non-Grantor Trust State Income Tax Chart (PDF)
A cool tool! Updated for Kaestner. Link directly to statutes and review the weighted criteria.
Author: Steven J. Oshins, JD, AEP® (Distinguished)

Team Culture (PDF)
The differentiating factor in better planning results is the success of the overall team, which is dependent on the 5Cs. Just what are the 5Cs and why do they matter?
Authors: Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished), S. Mark Alton, CFP®, ChFC®, CLU®, CAP®, CPWA®, Daniel K. Zismer, Ph.D. and Chief Culture Officer, and Ben Utecht, Super Bowl XLI Champion and Chief Performance Officer

How to Retire in the Magical Retirement Income Castle in the Clouds (PDF)
A behind the scenes examination of the inner workings of premium financed IUL policies as a source of retirement income. Policy and loan assumptions deserve special attention along with the potential undisclosed risks.
Author: Lawrence J. Rybka, JD, CFP®

Estate Planning Updates and Planning Nuggets (PDF)
A topical outline detailing developments in 61 areas of planning that you want to stay current on.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished) and Jonathan Blattmachr, Esq., AEP® (Distinguished)

Indiana Enacts Self-Settled Asset Protection Trust Legislation (PDF)
Indiana becomes the 18th DAPT state! A quick overview of the new legislation. Written by a NAEPC Estate Planning Hall of Fame® member and his colleagues.
Authors: Jean Gordon Carter, JD, Charles D. Fox, IV, A.B., M.A., JD, AEP® (Distinguished), Stephen Murphy, JD, and William Sanderson, JD

Connecticut Adopts Omnibus Trust Code  (PDF)
And then there were 20! Connecticut becomes the 20th DAPT state and modifies its RAP to 800 years on a prospective basis. The governor has signed this legislation.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Kelley Galica Peck, JD, LL.M.

What Did Bill Gates and Warren Buffett Learn from Andrew Carnegie?  (PDF)
Carnegie inspired Gates and Buffet to transfer vast wealth to philanthropic causes.  Just what did the iconic steel magnate have to say about wealth, death and taxes?  Authored by NAEPC’s newest At-Large member.
Author: Peter J. Merrick, FMA, CFP®, TEP, FCSI

Perpetual Care Pet Trust Agreement (PDF)
Furry friends are family to many of us. This sample pet trust provides a basis for discussion on this important area for clients with pets.
Author: Virginia Kilmer, MBA

Amici Curiae Brief to U.S. Supreme Court (PDF)
A first-hand look at arguments in Kaestner. How we got to state nexus standards based on the 3 R’s: Receipt of trust income; Right to demand or control trust income; or, Reliance on receipt of income.
Author: Counsel for Amici Curiae in Support of Respondent

News Nook: A Compendium of Current Affairs

Tax Topics: Interest Rates, GRATs, Sales and Loans (PDF)
Author: Blanche Lark Christerson, JD, LL.M. (taxation)

Tax Topics: The Generation-Skipping Transfer Tax (GSTT) (PDF)
Author: Blanche Lark Christerson, JD, LL.M. (taxation)

Practical Planner Newsletter Apr-Jun 2019 (PDF)
Author: Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished)

NAEPC Monthly Technical Newsletter
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)