What You Need to Know About Drafting and Funding the ILITSKU: INS5600N
Available In:
Total Credits
1 - 1.5
Price$75
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DescriptionThe great majority of current trustees responsible for your clients’ Irrevocable Life Insurance Trusts are their eldest sons and daughters acting as unskilled/amateur trustees. For the most part they are not aware of various opportunities and strategies available to them, nor are they aware of the responsibility and fiduciary liability they’ve assumed for the maintenance of their trust’s life insurance coverage. In the near future, trust planning & trustee guidance will become even more in demand as the estate tax exemption will be reduced from $11,500,000 to approximately $5,600,000. Our expert speakers will discuss the various strategies to enhance trust planning as well as the techniques to be employed to maintain the life Insurance funding of ILITs so as to to create a larger legacy for the beneficiaries. Lecturer BiosHenry Montag, CFP, CLTCHenry Montag is an Independent Certified Financial Planner in practice since 1976 with offices in Long Island and New York. He is a principle of The TOLI Center East, which provides independent fee-based performance evaluation for private trustees, their advisers and institutional trustees regarding the protection of private or trust-owned life Insurance. He has had articles published in various publications including those of the New York State Bar Association, NYSSCPA’s Tax Stringer, Tax Facts, National Conference of CPA Practitioners, and Suffolk County Women’s Bar Association. He has lectured extensively on the proper utilization of financial products to protect and preserve assets to the New York State Bar Association, the New York State Society of CPAs, The American Institute of CPAs and the National Conference of CPA Practitioners. He has been a source for The Wall Street Journal, Investor’s Business daily, Investment News, Newsday, Long Island Business News and featured in Financial Planning Magazine. He has also appeared on Fox News, News 12, Wall Street Week TV, and FIOS Money & Main Street. He has co-authored a book for the American Bar Association, (ABA), titled: “The Advisors’ & Trustees’ Guide to Managing Risk and Avoiding a Client Crisis” (Release Sept 2016). Andrea B. Schanker, EsqAndrea B. Schanker, Esq. is a Partner at Schanker and Hochberg P.C. She regularly delivers estate planning presentations to professionals in the legal, accounting, and financial industry as well as to their clients in matters relating to estate planning, estate administration, business succession planning, and elder law. She is a member of the Suffolk County Bar Association, and the New York State Bar Association where she is an active member within the Trusts and Estates Section and the Elder Law and Special Needs Section. She is a past president of the Huntington Lawyers Club, and was recently a featured speaker at the N.Y. County Lawyers Association. Andrea received a Bachelor of Arts degree in Clinical Psychology from the University of Rochester and a JD from New York Law School. She is admitted in New York and New Jersey. |
