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Estate Planning After the New Tax Law

Venue

This is a virtual event, accessible online. Access instructions will be provided after registration.

Description

This is a complimentary program sponsored by Northwestern Mutual.

Northwestern Mutual invites you to participate in a live symposium on estate planning after the new tax law. Advanced Planning attorneys will discuss the following topics:
• Updating estate plans (e.g., higher exemption amounts, portability vs. credit shelter trusts)
• Whether to keep or terminate ILITs
• Whether and how to unwind/terminate existing strategies
• Adding flexibility to trusts
• Income tax issues and basis planning
• Grantor vs. non-grantor trusts
• Non-estate tax planning issues
• Asset protection with trusts
• Charitable legacies
• Methods of paying life insurance premiums (e.g., private non-equity split dollar, loans, premium financing)
• Gifting strategies using higher exemption
• Sophisticated strategies that still work (e.g., GRATs, installment sales, valuation discounts)
• Dynasty trusts and generation skipping tax planning

Educational Objectives:
• Understand the new tax law’s impact on estate planning
• Understand the flexible techniques advisors are using to minimize gift and estate taxation

Who would benefit most from attending this program?
This program is designed for attorneys, accountants, and CFP® practitioners who want to learn more about gift, estate, and generation skipping transfer tax changes and how it could affect their clients. Attorneys, accountants and CFP® practitioners will also receive continuing education credit for their participation. Insurance continuing education will not be offered. 

Presenters

Kenneth P. Elbert, JD, CLU®, CFP®
  • Director - Advanced Planning
  • Northwestern Mutual

Ken joined Northwestern Mutual in 1999.  Previously, Ken practiced law at the law firm of Kirkland & Ellis, after which he served as corporate counsel for an oil and gas firm before specializing in estate planning in private practice. He routinely consults with Northwestern Mutual Financial Representatives and other professional advisors on estate planning, business planning, employee compensation and related gift, estate, generation skipping and income tax topics.

Amy Kiiskila, JD, CPA, CFP®, CLU®
  • Director - Advanced Planning
  • Northwestern Mutual

Amy is the head of Advanced Planning, where she leads a team of highly specialized attorneys who consult and train on complex planning and product matters. Amy joined Northwestern Mutual in March, 2010. Amy has been a frequent writer and speaker on estate and business planning topics and has spoken at Advanced Planning seminars, network office events, home office schools and seminars, and outside conferences. Prior to joining Northwestern Mutual, Amy was a partner at Michael Best & Friedrich, LLP.  Her practice areas included estate planning, tax planning and tax return preparation related to income, estate and gift taxation, estate and trust administration, charitable planning, and business succession planning. Prior to law school, Amy worked as an auditor for Arthur Andersen and as a financial analyst for Golden Books Publishing, Inc. Amy graduated summa cum laude from St. Norbert College in May, 1994, with a B.B.A. degree in accounting.  She obtained her law degree from the University of Wisconsin, magna cum laude and Order of the Coif, in May 2000.

Daniel P. McLennon, JD, CFP®, CLU®
  • Senior Attorney - Advanced Planning
  • Northwestern Mutual

Dan graduated from Marquette University Law School in 2012. After graduation, he worked as an associate attorney for Watton Law Group, a private bankruptcy firm in Milwaukee, WI. There he assisted clients in filing for relief under chapters 7 and 13 of the Bankruptcy Code and provided legal advice relating to personal financial issues. Dan received his undergraduate degree from Kenyon College, majoring in Mathematics. Dan joined the Advanced Planning team of Northwestern Mutual in February of 2014.

Continuing Education

Credits:
COA, Up to 3.0 CLE, 3.0 CPE, 3.0 CFP
Practice Areas:
Legal
Prerequisite:
• A basic understanding of federal income and transfer tax system • A basic understanding of general estate planning concepts
Level:
Intermediate
Production Date:
05/22/2018