NAEPC Webinars:

Wednesday, October 13, 2021 at 3:00pm - 4:00pm ET - Social Security Considerations in Estate Planning

Source: The Robert G. Alexander Webinar Series

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This session considers integrating Social Security retirement benefits into estate planning. Even with the high net worth client, this benefit is an important planning tool because of tax affects and longevity considerations. We will address issues such as how the system’s underfunding factors into projecting benefits, how to avoid the Social Security tax torpedo, retirement income bridging techniques that help defer and maximize retirement benefits, and coordinating OASDI payments with retirement drawdowns. Practical considerations are also included, such as how to help the client file for the benefit, using the benefit to pay for Medicare, and what to do about Social Security at death. 

Sophia Duffy is an Assistant Professor of Business Planning and the Assistant Vice President and Director of Regulatory Compliance, at The American College of Financial Services. Duffy teaches in the areas of estate planning, small business and succession planning, and income taxation. She is an attorney and a Certified Public Accountant (CPA).She received her Juris Doctorate (JD) from the Temple University James E. Beasley School of Law in 2012, and her Bachelor of Science (BS) in Accounting from Rutgers University in 2002.

In 2015, Duffy was appointed Interim Chief Academic Officer. Prior to that, she served as Assistant Dean of Business Affairs.

 

 

Steve Parrish is a former practicing attorney and financial planner with over 40 years’ experience in financial services. He serves as Co-Director of the Retirement Income Center at The American College and as an adjunct estate planning professor at Drake University Law School. He is widely published in legal and financial journals, and is an ongoing Forbes contributor.   

 

 

 

REGISTER HERE for the individual program. 

To purchase the 2021 webinar series, please click HERE.

Wednesday, December 8, 2021 at 3:00pm - 4:00pm ET - Estate Planning for Modern Families: Planning for Diversity and Flexibility

Source: The Robert G. Alexander Webinar Series

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As the traditional nuclear family has changed because of evolving social and legal norms as well as scientific and technological developments, estate planning professionals must be prepared both for issue spotting and thoughtful problem solving with regard to issues clients face, how existing trusts are interpreted, and how new estate planning instruments can be drafted for sufficient flexibility. This discussion will touch upon a potpourri of issues to consider, including: Marital Status (single, divorced, unmarried couples and polyamorous relationships); Defining Descendants (stepchildren, adoption, nonmarital children and assisted reproductive technologies); and other forms of Diversity (disability, LGBTQIA+, religious, racial and cultural inclusion) . . . and more!

REGISTER HERE for the individual program. To purchase the 2021 webinar series, please click HERE.

Issue 37 – July, 2021

NAEPC Journal of Estate & Tax Planning

New! Download the entire issue as one PDF file for offline reading.

Guest Editor’s Note: NAEPC Would be Better with You!
This month, we turn the reins over to our Vice-chair of the Publications Committee to discuss his experiences with NAEPC and how you can experience the same.
Author: Harvey A. Hutchison III, JD, LL.M. (taxation), CFP®, AEP®

Growing Your Business and Network in a Virtual World: A Multidisciplinary Panel Discussion (Video)
This 90-minute multi-disciplinary panel discussion teaches back-to-basics strategies for interacting with clients in the rapidly growing virtual space from experts in the technology, legal, trust, insurance and financial planning, philanthropic, and accounting practice areas.
Learn more about the Robert G. Alexander Webinar Series.
Moderator: Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished)

Features

How to Make Your Practice More Diverse and Inclusive (PDF)
Three national estate planning leaders, including two NAEPC Board Members, discuss how diversity can increase the value of your practice, make it more innovative, and grow our industry.
Reproduced courtesy of Trusts and Estates
Authors: Karen McCrae-Lee Fatt, CTFA, AEP®, CES®, Martin Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished)), and Susan J. Travis, CFP®, CTFA, AEP®

President Biden’s Budget Includes Big Tax Increases – What You Can Consider for Your Clients Now (PDF)
Four national industry experts (and members of our Publications Committee) came together to summarize and discuss recent proposals from the President, and how they could impact clients now and in the future.
Portions of the article originally published in Forbes.
Authors: Al W. King, III, JD, LL.M., AEP® (Distinguished), TEP, Charles Ratner, JD, CLU®, ChFC®, AEP® (Distinguished), Richard L. Harris, CLU®, AEP®, and Martin Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished)

Non-Grantor Trust Resurgence & Avoiding an Unintended Switch to Grantor Trust Status (PDF)
An original article submitted to the Journal by three national experts discusses how attorneys, tax preparers, accountants, and financial advisors can help clients and trustees navigate a possible chaotic scene.
Authors: Joy Matak, JD, LL.M., Lisa Mela, CPA, MST, and Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished)

Growing Your Business and Networking: A Multidisciplinary Panel Discussion – Lessons Learned from The COVID Pandemic (PDF)
This article is based on a transcript of a NAEPC webinar that featured colleagues from allied professions and discusses how various practices are marketing in the current environment.
Authors: Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished), Greg Delisle, Thomas M. Forrest, TO, AEP® (Distinguished), Bronwyn L. Martin, MBA, ChFC®, CLU®, CLTC®, CRPC®, CFS®, CMFC®, AEP®, LACP, AIF®, CFS, Ginger Fuller Mlakar, JD, CPA, AEP®, and Gregory E. Sellers, CPA, AEP®

The Human Side of Estate Planning: Part 2 (PDF)
The second installment of an important three-part series.
Reproduced courtesy of Trusts and Estates
Author: L. Paul Hood, Jr., Esq. LL.M. (taxation)

The Human Side of Estate Planning: Part 3 (PDF)
The third installment of an important three-part series.
Reproduced courtesy of Trusts and Estates
Author: L. Paul Hood, Jr., Esq. LL.M. (taxation)

Picking the Best Retirement Plan for a Business (PDF)
Many factors go into picking the best retirement plan for a business – it is not a one-size-fit all process.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Kenn B. Tacchino, JD, LL.M , RICP

How to Avoid Common Sources of Drafting Errors (PDF)
You can avoid or lessen future conflicts over interpretation issues with proper planning at the beginning.
Reproduced courtesy of Trusts and Estates
Author: L. Paul Hood, Jr., Esq. LL.M. (taxation)

Estate Planning in 2021 and Beyond – What if the “For the 99.5% Act” and the “STEP Act” Catch Fire – Will the Estate Planning Arena Survive? (PDF)
This article discusses two legislative proposals being considered and planning opportunities for advisors to consider now and in the future.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Andrew M. Katzenstein, JD, LL.M., David Pratt, JD, LL.M., Brett S. Rosecan, JD, LL.M., and Brittany N. Newell, JD

News Nook: A Compendium of Current Affairs

Morrissette II Sets the Bar for Intergenerational Split-Dollar Life Insurance Arrangements (PDF)
Commentary on the Tax Court’s recent decision in Morrissette II, and the impact it will have on the planning for intergenerational split-dollar planning.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Howard M. Zaritsky, JD, LL.M., AEP® (Distinguished)

A Guide to Tax-Savvy Charitable Bequests (PDF)
Careful planning can dramatically cut the amount of taxes paid and increase family wealth.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: James Lange, CPA, JD

Notes of the 55th Annual Heckerling Institute on Estate Planning (PDF)
Notes and observations from Heckerling 2021 conference.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Authors: Joy Matak, JD, LL.M., Mary E. Vandenack, Esq., and Martin M. Shenkman, CPA/PFS, MBA, JD, AEP® (Distinguished)

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