Financial Assets

This year’s Institute features a series of programs on planning with Financial Assets. These programs explore income tax and basis planning, the current state of planning with life insurance, and the effective use of Roth IRAs.

Tuesday, January 23, 2018 (9:00 – 9:50 a.m.)
Putting It On & Taking It Off: Managing Tax Basis Today for Tomorrow
Paul S. Lee

The management and creation of tax basis is the most important planning issue today and, even more so, if “tax reform” occurs (in whatever form). Death may be inevitable but capital gains taxes shouldn’t be. Every client should capitalize on strategies to maximize and concentrate basis in assets where it can be of most benefit. This presentation will demonstrate how innovative, advance planning can maximize value many times over.

Wednesday, January 24, 2018 – Special Session I-A (2:00 – 3:30 p.m.)
Building Basis, Beyond the Basics: Effective and Efficient Basis Building Strategies for Your Clien
Paul S. Lee, Tumey P. Berry, Ellen K. Harrison

The panel will explore today’s timely techniques to maximize and concentrate basis, including practical steps required to implement these strategies. The discussion will include upstream planning, powers of appointment to create basis, using leverage, using partnerships to move basis to where you want it, and planning that benefits charity while capturing new basis for the family.

Thursday, January 25, 2018 – Special Session III-C (2:00 – 3:30 p.m.)
What the Heck(erling) Is Going on with Life Insurance Planning After Tax Reform? Planning When the Only Certainty Is Ambiguity
Lawrence Brody, Mary Ann Mancini, Charles L. Ratner

Once again, significant tax reform, whether enacted or anticipated, has created great uncertainty with regard to where, when and how life insurance should be used in financial and estate planning. This presentation will cover the implications of wealth transfer tax reform or repeal on the use of life insurance in estate planning, the structure of new purchases, and the options for dealing with policies that clients believe are no longer needed or wanted for their original purpose.

Thursday, January 25, 2018 – Special Session IV-A (3:50 – 5:20 p.m.)
The Magic Age is 70 ½
Natalie B. Choate

At 70½ your IRA tax shelter becomes a tax nightmare. Help older clients minimize or eliminate RMDs. Plus, when and how to take RMDs, and where to take them from.

Friday, January 26, 2018 (9:00 – 9:50 a.m.)
Doth Thou Roth?
Natalie B. Choate

Roth IRAs offer significant planning opportunities but are surrounded by pitfalls. This session will cover basic to expert tips, including tax-free Roth conversions, beneficiary conversions, estate planning angles, and what trustees must know