"FSP webinars have tremendous value for financial professionals. There is a wide array of interesting topics to choose from, and the ability to assemble a group of individuals lets you extend and amplify the value of the program. When supporting material is provided, such as articles, web sites, etc., attendees can continue the dialogue when the program ends."
Laurene B. Prevette, RHU, LUTCF
FSP Board of Directors, 2011-2012
Now That the Dust Has Settled: A Re-Look at Both the Tax Code and the Affordable Care Act…Where Are We Now?
*Chapters can offer programs on the national broadcast date or a date of their own choosing. Each Chapter also determines the cost and location for its program. The list of Chapters that have purchased this VTC is below. Consult your Chapter about its plans to present this program.
This program evaluates the effects of eleven months under the new tax code and the Affordable Care Act. Our panel identifies which planning tools have emerged as the best ones using the concept of portability as well as alternative tax-efficient techniques. Specific issues covered include: portability - what it means and what it doesn't do; alternatives to using portability (GST planning, grantor trusts, others); estates where, because of size, portability is not the only answer; decanting statutes as a state-by-state issue and what to do in states where there are no decanting statues; and use of large cash values in older polices to fund long-term care insurance. With reference to the Affordable Care Act, we take an in-depth look at exchanges, specifically: states that have adopted federal exchange guidelines; states using state-specific guidelines; states that have not adopted guidelines; hybrid exchanges not prescribed by the law but acceptable under it (Partnership Exchanges, Split Exchanges, and Shop Exchanges â€“ what they are, who is creating them, and what is different about them). The panel also considers the effects of the Affordable Care Act on Medicare/Medicaid and the impact of a two-year postponement of the employer mandate.
Attendees will learn:
What portability does and does not do and the need for planning even if no tax is due
Alternatives to using portability in planning with appreciating assets
Decanting in states where statutes exist and where they do not exist
Choices between federal and state exchanges and what these mean for employers, employees, and consumers
Effects of the Affordable Care Act on Medicare/Medicaid
Richard M. Weber, MBA, CLU®, AEP® (Distinguished) is president of the Society of FSP. He is a 45-year veteran of the life insurance industry and now a consultant to insurers and their agents on effective and ethical selling. Author of more than 300 articles encompassing products, sales practices, and the due diligence necessary to buy and sell insurance, his most recent research, Life Insurance as an Asset Class , co-authored with Christopher Hause, received the 2008 Academy of Financial Services "Best Paper" award
James Aussem, JD, AEP , is a shareholder of Cavitch Familo & Durkin, Co., LPA, a member of its board of directors and chair of the Business Practice Group. Mr. Aussem's practice is focused on mergers and acquisitions as well as succession planning, and estates and trusts. He is a frequent speaker, facilitator, and instructor for many professional organizations on topics such as business succession, estate planning, insurance, trusts and estates.
James M. Frank, JD, LL.M , is an innovative wealth planning strategist with over 30 years of experience in business and personal estate and gift planning, primarily for high net worth individuals and families with closely-held business interests. His expertise includes the use of techniques for multi-generational planning, charitable giving, and planning for special needs children. Jim has authored numerous articles and training programs for financial professionals and regularly teaches continuing education programs for lawyers and financial professionals.
Gerald Frye, CLU, ChFC, RHU, REBC, CASL , is president and owner of The Benefit Services Group, Inc. (BSG ® ), an employee benefit brokerage firm he co-founded in 1987. BSG serves nationwide employers in a wide variety of industries, consults for health care systems in Wisconsin and Illinois, and has won several regional "best workplace" awards. Mr. Frye has served for over 25 years in various roles in the insurance and employee benefits industry.
Gayle C. Holcom, CLU, ChFC, FLMI , is vice president of Pilkey, Hopping & Ekberg, Inc., managing the Life & Employee Benefits Department . She is a member of the Tacoma Estate Planning Council, the National Association of Health Underwriters and the National Association of Insurance and Financial Advisors. She has also served as the chair of the Employee Benefit Section of the Society of FSP.
If you have a problem contacting your local chapter, call 800-392-6900 (M-F, 9 a.m.- 4:30 p.m. ET ) or contact us via e-mail at Info@FinancialPro.org