2019 Cannon Estate Planning Teleconferences

The Community Foundation will host three Cannon Estate Planning Teleconferences in 2019 for area professional advisors. Each conference is $30 and includes boxed lunches. The lunches will be available beginning at 12:30PM. The teleconference will be broadcast live from 1-2:30PM.

OVERVIEW:

Tuesday, March 26, 2019: Identifying Landmines and Minimizing Battle Scars in Conflicts Between Trustees and Beneficiaries

The roles of beneficiary and Trustee by their nature engender tension. The Trustee has the beneficiary's money (at least that's how the beneficiary views it), and the beneficiary wants it now! This inherent conflict has been accentuated by seemingly ever-increasing expectations and demands of beneficiaries and expanding theories of fiduciary liability. Some of the most critical issues we face in this ubiquitous area of fiduciary practice include the following:

• Preserving the attorney-client privilege between the Trustee and the Trustee's lawyer
• Trends in fiduciary liability case law
• Removal or resignation of a Trustee
• Heightened standards of performance for professional fiduciaries

Tuesday, July 23, 2019: Your Marital Agreement Toolbox

Marriage dissolution, and the financial obligations that often flow from it, has become so prevalent that a client's planning for this possibility is sometimes nearly as important as his or her core estate planning instruments. Thus, marital agreements, especially among those who have been through divorce, are becoming an essential component of some clients' financial security. These agreements must be closely coordinated with the client's estate plan. Of frequent concern in this area are:

• What are essential requirements for all martial agreements
• Tax issues to address in marital agreements
• Spousal rights in retirement assets
• Anticipating and handling marital issues with closely-held business interests

Tuesday, September 24, 2019: Contemporary Uses for Life Insurance in Estate Planning

Despite an historically high deferral and estate tax basic exclusion amount, life insurance, even if required less often than in the past to provide cash to pay estate tax, remains a critical part of the asset mix of many clients. Life insurance can provide often-needed financial security and readily accessible liquidity. Some of the aspects of life insurance that should be considered in an estate planning engagement often include:

• Proper structuring of beneficiary designations
• Using life insurance in business succession planning
• Income tax traps involving life insurance policies
• Potential opportunities with life settlements