NAEPC Webinars:

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)