An Insider’s View of Blended Gifts from Both Sides of the Table (Pre-Workshop) Key Issues in Creating an Investment Policy Statement from an Advisor’s Perspective (Workshop) Sophisticated Transfer Planning Strategies for Business Owners (Dinner)
Dinner Sponsored By:
Pre-Workshop Presentation
A look at the importance of blended gifts, how they are becoming a greater part of the not for profit world and enhancing the size of gifts. The discussion will focus on examples and actual gift proposals using the numbers to demonstrate the after tax effect of the gift on the donor, how gift annuity income can offset the cost of the gift in these low interest rate times and how gifts may not cost the donor what they appear. There will also be a focus on how the gift officer must work hand in hand with their best friends---the donor AND THEIR ADVISORS.
Speaker Biography
Joseph H. Deary (Joe) began as Senior Director of Planned Giving at the Miami Children’s Health Foundation in November, 2013. Joe was educated at Wilbraham-Monson Academy, has a Bachelor’s degree in education from Southern Connecticut State University and earned a certificate of advanced study as well as a graduate degree both from Harvard University. He has completed two certificate programs in trust/wealth management from Northwestern University in conjunction with the American Bankers Association.
Joe has spent over 25 years in wealth management working with high net worth individuals and multi-generational families primarily with Bank of Boston and Mellon Bank Philadelphia. During his years at these institutions he specialized in complex high net worth families coordinating all aspects of their investment, fiduciary, tax and estate matters as well as many other business and personal matters. These families included the descendants of the American Woolen Company fortune, the Monopoly game heiress and family, the parents and descendants of the founder of CBS, William S. Paley as well as an Ohio family with 93 trusts and family members living around the world. During this time he taught basic trust services at the New England Banking Institute and wrote the chapter on trust banking for their basic text. He also served on the board of the Forsyth Dental Foundation which served needy children of Boston and trained dental hygienists as well as the planned giving board of the Providence Public Library.
Following his career in wealth management, Joe began his career in the not for profit area as Director of the Annual Fund at the Kingswood-Oxford School in West Hartford where he also established their planned giving program. He then went on to be Director of Planned Giving for the American Heart Association in New England. In addition, he has served as a consultant for the Freedom Trust Company in Boston as well the Fort Lauderdale Historical Society.
Workshop Presentation
Dr. Charles Ellis, author of The Investment Policy: Winning the Loser’s Game, wrote “The usefulness of investment policy depends on the clarity and rigor with which investment objectives and the policy guidelines established to achieve those objectives, are stated.”
Sounds easy, doesn’t it? Well, the devil is in the details, and this presentation will review the difficult policy issues that can arise when creating an investment policy statement for an individual, endowment or trust. The goal is to have the audience be able to determine whether the IPS their client has or their own IPS meets a best practice test.
Speaker Biography
With over 30 years experience in financial services, Linda Lubitz Boone provides Personal Financial Planning and Investment Management for individuals and Pension Plan trustees on a fee for service fiduciary basis. She specializes in working with clients who are undergoing life transitions such as death of a spouse, planning a post professional life, divorce, sudden inheritance or change of job. Linda was recognized among “America’s Best Financial Advisors” by Worth Magazine for over 10 years, “The 50 Distinguished Women in Wealth Management” by Wealth Manager Magazine, “Top Financial Advisers for Doctors” by Medical Economics Magazine America’s, “Top Financial Planners” by Consumers’ Research Council of America and “South Florida Honcho” by South Florida Magazine. The firm has been recognized among the “Top Wealth Management Firms” by Bloomberg Wealth Manager and “Top Businesses” by South Florida Business Magazine.
Linda spent 18 years in banking as president of AmeriFirst Securities Corporation, the Broker-Dealer subsidiary of AmeriFirst Bank. She was also a Managing Partner of Evensky & Brown. Linda served for the National Board of the Financial Planning Association. Linda is also the co-founder of the Capstone Group, a consortium of the top financial planning firms in the United States. She is an emeritus member of the TIAA-CREF Institute Advisory Board, the Florida Bankers Trust School faculty and currently serves on the Historical Association Foundation Investment Management Committee and the University of Miami Planned Giving Advising Board.
Linda holds a B.A. in Economics and is a Certified Financial Planner™ practitioner and a Certified Divorce Planner. She is the co-author of the book, Investment Policy Statements – Guidelines and Templates, published by The Financial Planning Association and in partnership with her husband, Norm Boone, she co-founded IPS AdvisorPro™, an award winning online investment policy statement application recognized as the “Best Software of 2006” by Morningstar. IPS AdvisorPro was sold to fi360 in 2013.Linda is quoted frequently in the press, including The Wall Street Journal, CBS MarketWatch, FORTUNE, Kiplinger’s Personal Finance Magazine, Newsweek, The Miami Herald and WIOD. Linda enjoys travelling, gardening, tennis, golf and climbed Mt. Kilimanjaro in 2004.
Dinner Presentation
Attendees will learn about the more sophisticated estate planning techniques available to ultra-high net worth clients, including installment sales to grantor trusts created by the client's spouse permitting the client to retain access to all funds, 99 year GRATs, using an installment sale in combination with a GRAT, Supercharged Credit Shelter Trusts and more defensive structuring of family partnerships. The session will look at the best structures to maintain the opportunity for a basis step up at the death of the first spouse to die. The session with also cover the impact of portability on estate planning, and how portability may be used by high net worth clients to enhance the wealth transfer strategies they might employ.
Speaker Biography
Diana S.C. Zeydel is the National Chair of the Trusts & Estates Department and a shareholder of the law firm of Greenberg Traurig, P.A. She is a member of the Florida, New York and Alaska Bars. Diana is a past member of the Board of Regents and immediate past Chair of the Estate & Gift Tax Committee of the American College of Trust and Estate Counsel. She is an Academician of The International Academy of Estate and Trust Law. Diana is a member of The Society of Trust and Estate Practitioners (STEP) and the Executive Council of the Real Property, Probate and Trust Law Section of the Florida Bar and an ACTEC liaison to the Section. She is a recipient of the 2014 IFLR/Euromoney “Best in Wealth Management” Americas Women in Business Law Awards and ranked Band 1 in Wealth Management nationally and in Tax in Florida by the Chambers USA 2015 Client Guide. Diana is recognized as a “key figure in shaping the whole wealth management legal profession,” Chambers USA 2012 Client’s Guide. She is a frequent lecturer on a variety of estate planning topics and has authored and co-authored several recent articles, including “Supercharged Credit Shelter TrustSM versus Portability,” Probate and Property, March/April 2014; “Portability or No: The Death of the Credit-Shelter Trust,” Journal of Taxation, May 2013; “Imposition of the 3.8% Medicare Tax on Estates and Trusts,” Estate Planning, April 2013; “Congress Finally Gives Us a Permanent Estate Tax Law,” Journal of Taxation, February 2013; “Tricks and Traps of Planning and Reporting Generation-Skipping Transfers,” 47th Annual Heckerling Institute on Estate Planning, 2013; “New Portability Temp. Regs. Ease Burden on Small Estates, Offer Planning for Large Ones,” Journal of Taxation, October 2012; “When Is a Gift to a Trust Complete: Did CCA 201208026 Get It Right?” Journal of Taxation, September 2012; “Turner II and Family Partnerships: Avoiding Problems and Securing Opportunity,” Journal of Taxation, July 2012; “Developing Law on Changing Irrevocable Trusts: Staying Out of the Danger Zone,” Real Property, Trust and Estate Law Journal, Spring 2012; “An Analysis of the Tax Effects of Decanting,” Real Property, Trust and Estate Law Journal, Spring 2012; Comments submitted by ACTEC in response to Notice 2011-101 on Decanting, April 2012; Comments submitted by ACTEC in response to Notice 2011-82 on Guidance on Electing Portability of the DSUE Amount,” October 2011; Contributor to A Practical Guide to Estate Planning, Chapter 2 Irrevocable Trusts, 2011; “Estate Planning After the 2010 Tax Relief Act: Big Changes, But Still No Certainty,” Journal of Taxation, February 2011; “The Impossible Has Happened: No Federal Estate Tax, No GST Tax, and Carryover Basis for 2010” Journal of Taxation, February 2010; “Tax Effects of Decanting - Obtaining and Preserving the Benefits,” Journal of Taxation, November 2009; “Estate Planning in a Low Interest Rate Environment” Estate Planning, July 2009; “Directed Trusts: The Statutory Approaches to Authority and Liability,” Estate Planning, September 2008; “How to Create and Administer a Successful Irrevocable Life Insurance Trust” and “A Complete Tax Guide for Irrevocable Life Insurance Trusts,” Estate Planning, June/July 2007; “Gift-Splitting - A Boondoggle or a Bad Idea? A Comprehensive Look at the Rules,” Journal of Taxation, June 2007; “Deemed Allocations of GST Exemption to Lifetime Transfers” and “Handling Affirmative and Deemed Allocations of GST Exemption,” Estate Planning, February/March 2007; “Estate Planning for Noncitizens and Nonresident Aliens: What Were Those Rules Again?” Journal of Taxation, January 2007; “GRATs vs. Installment Sales to IDGTs: Which is the Panacea or Are They Both Pandemics?” 41st Annual Heckerling Institute on Estate Planning, 2007; and “What Estate Planners Need to Know about the New Pension Protection Act,” Journal of Taxation, October 2006. Diana received her LL.M. in Taxation from New York University School of Law (1993), her J.D. from Yale Law School (1986), and her B.A., summa cum laude, from Yale University (1982), where she was elected to Phi Beta Kappa.
