People are familiar with the old saying “the shoemaker’s children always go barefoot,” when they are referring to the fact that those closest to an expert often do not reap the benefit of that expertise. Unfortunately, this is true for many attorneys, even estate planning professionals. This program is designed to educate attorneys on how to make an action plan to protect yourself, your family and your practice. This practical “how to” program will review practical asset protection planning steps practitioners should consider, current generation of insurance options that may help practitioners and other practical steps they should consider. While many of these planning ideas are suitable for clients, the focus of this program is helping YOU – the practitioner. Based on their own experiences with personal planning, our speakers will use real life examples and planning techniques to educate you about often overlooked steps you might want to take NOW. As time passes, it becomes more expensive, difficult or even impossible to pursue planning. Just as with client matters, planning often needs to be implemented before an issue arises. ALL attorneys need to give as much attention to their own planning as they do to their clients’ needs.
- Determine your practice and family’s risk management concerns
- What outside assistance might you need to achieve your objectives
- Discuss planning objectives common to most practitioners and specific planning options
- Review the use of irrevocable trusts (such as SLATs, DAPTs, SPATs, and other techniques, which in combination with LLCs and FLPs may help practitioners meet several personal planning goals
- Insurance planning for death benefits and living benefits
- Determine and implement appropriate insurance strategies and understand product choice options
- How NOT to do retirement planning
- Plan ahead to avoid a crisis
- And MORE!
Faculty: Henry Montag, CFP, The TOLI Center East and Martin M. Shenkman, JD, CPA, AEP
Martin Shenkman, CPA, MBA, PFA, AEP (distinguished), JD, is an attorney in private practice in New York. His practice concentrates on estate planning. He has authored 44 books and more than 1,400 articles. Henry Montag, CFP, has authored articles and acted as a source for NYCLA, NYSBA, NYSSCPA, Bloomberg’s Daily Tax Report and the Estates, Gifts & Trust Journal, Trusts and Estates Magazine, Accounting Today and the Wall Street Journal. He has appeared as a guest on Wall Street Week, Fox Business News and News12. He co-authored an ABA flagship publication The Advisors’ & Trustees’ Guide to Managing Risk.