Joint Education Day
Approved for for 7 hours of L&H in MO, pending IL, and Approved for CFP 7 hours
Certificate of attendance given out for CLE and CPE
Greater St Louis Financial Symposium April 26, 2018
Greater St Louis Financial Symposium April 26, 2018
Track 1 Estate Planning
Track 2 Retirement Planning
7:15-8am Breakfast
Sponsor BUI
7:15-8am Breakfast
Sponsor BUI
8-8:50am
Title: We have a Revocable Trust – Now What?
Speaker: T. Jack Challis
About the talk: Estate Planners and other Financial Advisors know that funding the Revocable Trust is critical to its legal effectiveness. We will review important factors for asset transfers and beneficiary designations, possible consequences for not funding the Trust, and recommendations for success.
8-8:50am
Title: The LTC Planning Imperative
Speaker: William E. Comfort, CLTC®, CSA®, LTCCP®
About the talk: LTC planning must be an integral part of all retirement plans regardless of net worth or income. - Why advisors must PROACTIVELY raise the subject with every client - How to focus on consequences not risk - The problem is not one of asset protection, rather income preservation - The current, strong state of the LTC insurance industry.
9:950am
Title: Charitable Giving with an Uncharitable Tax Code
Speaker: Brian Seigel
About the talk: The Tax Cuts and Jobs Act of 2017 eliminated some tax benefits of charitable giving for many donors. While some charitable organizations are concerned that donations may slump in light of the new tax law, there are still many opportunities for clients to contribute to charitable causes they believe in. This presentation will help provide an understanding of the continued advantages of charitable gift planning through donations of cash, life insurance and other assets. Attendees will leave this presentation with an understanding of some of the charitable planning opportunities available to their everyday clients and how to engage clients in charitable planning discussions.
Sponsor: BUI
9-9:50am
Title: Health and Wellness-What do you need and how are you going to pay for it!
Speaker: Sharon Gorman
Certified Geriatric Care Manager
About the talk: The program provides an understanding of the role of a care manager and how the initial understanding of needs occurs. The program will include some
interaction with audience, examples given, tools utilized, and hand-outs will be given for such things as enhancing memory, having a successful family meeting and caring for the caregiver. The program participants will be able to use these tools to assist their clients in understanding how and what is needed to preserve their assets and succeed in planning. There will be a special emphasis on the real and also the emotional costs of decision making.
Sponsor: Certified Care Management
10-10:50am
Title: E.Q. for Financial Professionals – the Legal, Emotional and Financial Impact of Divorce on Your Client and What it Means to You
Speaker: Laura Boedges
About the talk: Your role as a professional when your clients go through a divorce.
The opportunity you have to make a difference with them and what’s in it for you.
Pitfalls you may experience in the process-quicksand to stay out of
Sponsor: High Tower St. Louis
10-10:50am
Title: Long-Term Care Estate Planning: An Overview
Speaker: Joe Ilges
About the talk: Program will discuss elder law and planning options to aid in paying for long- term care, including use of particular government benefit programs, such as Medicaid and/ or VA pension program, along with legal update on Federal or Missouri specific laws impacting special needs individuals and seniors
11:11:50am
Title: Special Needs Trust and ABLE Accounts
Speaker: Kathy Birkes
About the talk: This program compares and contrasts Special Needs Trusts and ABLE accounts. The attendee will learn the specific parameters from which to select one financial planning tool over the other and when both can be used for maximum benefit.
First Party Special Needs Trusts
Third Party Special Needs Trusts
ABLE Accounts
Sponsor: Midwest Special Needs Trust
11-11:50am
Title: Reverse Mortgages: How to use Reverse Mortgages to Secure Your Retirement
Speaker: Wade Pfau, PhD, CFA
About the talk: In the early days, reverse mortgages were generally treated as a last resort option after other resources were depleted, or as a way to obtain quick access to a large lump-sum of assets. This is not the appropriate way to think about reverse mortgages in a retirement income plan. The reverse mortgage option should be viewed as a method for responsible retirees to create liquidity for an otherwise illiquid asset, which in turn can create new options that potentially support a more efficient retirement income strategy (more spending and/or a greater legacy) by helping to manage sequence of tation explains the basics for how reverse mortgages work. I then provide an overview of potential uses for a reverse mortgage in a retirement income plan, with simulations that compare the effectiveness of reverse mortgages against other potential strategies. This presentation is fully rereturns risk. After providing an overview of retirement income planning, which sets the context for understanding the potential role of reverse mortgages, this presenvised and updated for the modification of reverse mortgage rules affecting applications after October 2, 2017.
Sponsor: Reverse Mortgage Funding LLC and Rick Brown
12:15-12:45pm Lunch
12:15-12:45pm Lunch
1-1:50pm
Title: Exit Planning for Business Owners
When to Begin and What to Expect
Speaker: Mark Stoneman (Mergers and Acquisition Attorney) – Armstrong Teasdale. About the talk: Learn when your client should start to consider an exit through a sale or recapitalization
How to anticipate and prepare for the issues that often surprise first-time sellers
What steps can be taken to ensure a successful transaction
Sponsor: Armstrong Teasdale
1-1:50pm
Title: Sustainable Spending Rates for Retirement
Speaker: Wade Pfau, PhD, CFA
About the talk: This session will focus on the probability-based school of thought on retirement income developed by financial planners since the 1990s. The concept of safe withdrawal rates and the 4% rule developed from William Bengen’s analysis of the U.S. historical data. After explaining his approach and further refinements to the core methodology, the session shifts to consider the impacts of a number of key issues and assumptions behind the 4% rule. Ultimately, more sophisticated methods are required and described. Finally, guidance will be provided on thinking more broadly about a retirement income strategy that moves beyond studying sustainable withdrawal rates from a financial portfolio.
2-2:50pm
Title: Sell Your Business for an Outrageous Price
Speaker: Kevin Short, Managing Partner Clayton Capital.
About the talk: Kevin gets most of his leads from advisors. He specializes on the sales side of the exit strategy for business owners. He would speak on what to expect if your client does want to sell his company.
Sponsor: Clayton Capital
2-2:50pm
Title: Incorporating Planned Giving into a Business Exit Plan
Speaker: Peter Racen, Director of Estate and Business Planning for Northwestern Mutual – Clayton Network Offices
About the talk: Every business owner will eventually exit their business. Helping them plan for their exit can take several years and a team of advisors. Peter Racen will discuss the importance of discussing charitable planning as part of the exit strategy and how this can benefit the business owner from a tax and income perspective and also help them benefit the charities they care the most about. Peter will present an overview of the components of a comprehensive exit plan and charitable planning tools.
Sponsor: Northwestern Mutual
3-3:50pm
Title: Beyond the Basic Buy-Sell: It’s More than Just Cross-Purchase or Redemption
Speaker: Kathleen Bilderback
About the talk: Historically, the use of life insurance in business succession planning centered on funding cross-purchase and entity purchase buy-sell agreements. Frequently, however, there is a role for life insurance in more complex business succession transactions. During this interactive presentation, we will examine some less traditional methods to satisfy your clients’ succession planning goals. This workshop will explore: (1) alternative succession structures for existing businesses; (2) issues to consider if your client is preparing to sell or acquire a business; (3) the anatomy of an acquisition; (4) creative yet practical uses of life insurance in these transactions; and (5) case studies showing how these techniques have been used in practice. We will also discuss the potential impact of the Tax Cuts and Jobs Act of 2017 on business succession planning.
Sponsor: Affinity Law Group, LLC
3-3:50pm
Title: Income tax planning is the new estate tax planning”.
Speaker: Keith A. Herman
About the talk: Participants will learn about techniques designed to save income taxes for individual or trusts.
Sponsor: Greensfelder, Hemker & Gale, P.C.
4-5pm Cocktail reception
Sponsor Affinity Law Group, LLC
4-5pm Cocktail reception
Sponsor Affinity Law Group, LLC