NAEPC Webinars (See All):

Issue 33 – February, 2020

NAEPC Journal of Estate & Tax Planning

Editor’s Note: A Goodbye and Thank You to One of NAEPC’s Greats
Michael W. Halloran, CFP®, CLU®, ChFC®, RICP, WMCP, AEP® (Distinguished): A Master Among Us
Author: Susan P. Rounds, JD, CPA, LL.M., AEP®, TEP

Complimentary Webinar: Life Settlement Legal and Ethical Responsibility (Video)
Life settlement providers, who represent the institutional investors, have noticed the lack of life settlement discussions and education coming from planning professionals and are filling this void by increasing their direct-to-consumer marketing. Such direct marketing exploits a crack in the chain of fiduciary oversight and places senior clients in a position where they might enter into a contract to sell their life insurance policy without having any advocate at the table to protect their best interests in the life settlement process.
Learn more about the Robert G. Alexander Webinar Series.
Speaker: Jon B. Mendelsohn, CEO and Co-Founder of Ashar Group/Ashar SMV

Top Pick

Drafting Income Tax-Sensitive Trusts Under the New Tax Laws (PDF)
Tax law changes in 2017 and 2019 have altered the income tax consequences of utilizing trusts in estate planning. The authors outline current problems and propose solutions with sample language.
Authors: James G. Blase, CPA, JD, LL.M. and Ryan G. Polley, JD


Life Insurance in the Client’s Best Interest: Seeing More Clearly in 2020 (PDF)
The regulatory landscape is changing. The author provides an in-depth analysis of 3 central developments and their potential impact on advice related to life insurance and life insurance products.
Author: Lawrence J. Rybka, JD, CFP®

What Advisors Should Know About Hybrid Long-Term Care Policies (PDF)
Hybrid policies are an alternative to existing stand-alone policies. Learn the 3 situations where hybrid polices are particularly attractive along with the benefits and drawbacks.
Reprinted with permission. Originally published in Trusts & Estates April 2019.
Authors: Henry Montag, CFP®, CLU® and Bill Boersma, CLU®, AEP®, LIC

7th Annual Trust Decanting State Ranking Chart (PDF)
Rankings based on ease of use and flexibility. Lower-ranked state statutes may have flexibilities that higher-ranked state statutes lack, so the reader should not necessarily conclude that a higher-ranked state is always better.
Reproduced courtesy of Leimberg Information Services, Inc. (LISI)
Author: Steven J. Oshins, JD, AEP® (Distinguished)

The Life Insurance-Other Financial Services Sectors Communications Gap (PDF)
A Modest Proposal: How the life insurance and financial services sectors can get on the same page using FINRA and NAIC regulated “math.”
Reproduced courtesy of ALM Media Properties, LLC
Author: Mark Whitelaw, BA Economics

Anticipating the Secret Scion in Estate Planning (PDF)
At-home DNA testing may potentially identify an unknown heir. Scott Rahn is an estate litigator with suggestions on proactively addressing this issue in your estate plan.
Author: Scott E. Rahn, JD

The Little Known and Understood Living Benefits of Life Insurance (PDF)
Identifies and explains 3 specific types of living benefits provided under a policy that only a minority of policy owners and advisors are aware of or understand.
Reproduced courtesy of The Senior Lawyer, New York State Bar Association
Authors: Henry Montag, CFP®, CLU® and Bill Boersma, CLU®, AEP®, LIC

Collecting Another Country’s Taxes—Recent Developments in the Canada U.S. Context (PDF)
Written by a newly-minted AEP® designee based in Toronto. Discusses the US-Canada Tax Treaty with respect to assistance in collection and exchanges of information and outlines several recent cases where taxpayers argued against the validity of the Treaty provisions.
First published by Ruchelman P.L.L.C. in Insights 6, no. 9 (2019).
Author: Sunita Doobay, JD, LL.M. (taxation), TEP, AEP®

Updated Estate Planning for Pets,
Pet Life Care Agreement,
Pet Life Care Trust Agreement (PDF)
This trio of docs includes new information explaining how to include a pet in an estate plan and provides a sample Pet Trust and Life Care Agreement.
Author: Virginia Kilmer, MBA

News Nook: A Compendium of Current Affairs

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

What’s New for Social Security in 2020? (PDF)
Author: Bronwyn L. Martin, ChFC®, CLU®, MBA, CFS®, CRPC®, CMFC®, AEP®, CLTC, LACP

Tax Topics: Statutory Residency and Wynne (PDF)
Author: Blanche Lark Christerson, JD, LL.M. (taxation)

Helping a Family Member Pay for Disability-Related Expenses? An ABLE Account May Help (PDF)
Author: Bronwyn L. Martin, ChFC®, CLU®, MBA, CFS®, CRPC®, CMFC®, AEP®, CLTC, LACP

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