ESTATE PLANNING COUNCIL OF GREATER MIAMI

Thank you to our generous sponsor: 

Pre-Workshop Presentation 

What’s an Agency, What’s a Registry? – The Different Options for Private Duty Home Health Care in Florida and Other Nuisances

Presented by Marc Spector, Esq.
President and CEO, Best Care

Whether clients pay privately or use private funds, there are options in Florida. Florida is one of the only States in the nation to regulate the two main types of providers. An analysis of the types of providers along with the financial and legal aspects of using these providers will be discussed.

Marc Spector, Esq. is President and CEO of Best Care, a family owned private duty nursing company started in 1980. Marc joined Best Care in 2002 after leaving a prominent South Florida litigation firm, where he practiced insurance litigation for 5 years. He is the head of Best Care’s legal, corporate development and A/R departments. He is also the administrator of the company’s flagship office in Miami. Marc is a Florida native and received his undergraduate degree from the University of Florida and his JD, Cum Laude, from Nova Southeastern University, where he was a member of Phi Delta Phi honor fraternity. He has been a licensed Florida attorney since 1997, and in addition, is admitted to practice in both the Southern and Northern U.S. District Courts.

Workshop Presentation 

Proactive Mitigation of High Net Worth Clients’ Tax Liability

Presented by Philip Herzberg, CFP^®, CTFA, AEP^®
Client Advisor, The Lubitz Financial Group

Higher top tax rates, the new 3.8% Medicare surtax, and limits on itemized deductions are recent tax code changes that underscore the current significance of tax-conscious investment management for higher-income taxpayers and fiduciaries. As an estate planning practitioner, you can employ proactive and appropriate strategies to mitigate the impact of increased tax liability without disrupting the overall plan for high net worth clients and their families. This session will highlight practical planning opportunities and possible year-end 2016 and 2017 wealth transfer strategies.

Philip Herzberg delivers strategic financial planning advice to high net worth individuals and families as a Client Advisor for The Lubitz Financial Group. He is a Certified Financial Planner® professional, Certified Trust and Financial Advisor, and Accredited Estate Planner® designee with nearly a decade of professional experience. Serving on The Lubitz Financial Group's Financial Planning and Advisory Committees, Philip utilizes this experience to help clients implement tax-efficient investment, retirement, and estate planning strategies. Prior to joining The Lubitz Financial Group, Philip was a Relationship Manager at United Capital and Client Services Manager at Ladenburg Thalmann.  A Northwestern University graduate with a Bachelor of Science in Speech with departmental honors, he earned a Master of Science in Finance from Florida International University with a graduate certificate in Investments. Recognized as a devoted ambassador to his profession, Philip is the Immediate Past President of the Financial Planning Association (FPA®) of Florida, Past President of the FPA of Miami, and is Secretary of the Executive Board of Directors of the Estate Planning Council of Greater Miami. A Journal of Financial Planning Tax & Estate columnist, Mr. Herzberg has authored or contributed to over 45 peer-reviewed estate, tax, and financial planning articles. He has been cited as an authority in regional and national media publications, including the Wall Street Journal, Financial Advisor Magazine, Morningstar, Marketwatch, Miami Herald, and Sun-Sentinel. He is also a featured speaker for local and national professional organization audiences, such as the Estate Planning Council, FPA, and the Jewish Community Foundation’s Professional Advisory Council (PAC). Philip delights in altruistically giving back to his South Florida community. The recipient of the 2014 Joan & Douglas Gross Community Service Award for his stewardship as Mitzvah Co-Chair, Philip proudly serves on the Jewish Federation of Broward County's Finance Committee.

Dinner Presentation 

Care and Feeding of the Acronyms – The Funding, Administering, Reporting and Repairing of GRATs, QPRTs and IDGT Sales

Presented by Lou Nostro
Founding Partner, Nostro Jones, P.A.

This session will examine how to properly fund and administer GRATs, QPRTs and IDGT sales.   We will discuss the proper reporting of GRAT and QPRT funding on gift tax returns, review the IRS adequate disclosure rules for IDGT sales and provide guidance regarding income tax reporting and related tax compliance issues.  We will also review how to “immunize” GRATs, refinance IDGT notes and ways to reacquire low tax basis assets held in GRATs and QPRTs.  The presentation will also examine how to recognize and repair defective and poorly-administered GRATs.

Lou Nostro is a founding partner of Nostro Jones, a South Florida estate planning law firm.  He is board certified by the Florida Bar as a specialist in Taxation and in Wills, Trusts & Estates and is a fellow of the American College of Trust and Estates Council (ACTEC).  Mr. Nostro is a frequent speaker at estate planning seminars sponsored by the American Bar Association, the Florida Bar, the NYU Tax Institute, the Florida Tax Institute, the Oregon and Washington Tax Institutes and regional estate planning and planned giving councils. He has been named as one of the top 100 estate planning attorneys in the nation by Worth magazine, is listed in The Best Lawyers in America and has been recognized by Florida Trend magazine, the South Florida Legal Guide and numerous other publications. Mr. Nostro is the Chair of the 2016 Florida Tax Institute, the Chair-elect of the Miami Lighthouse for the Blind and a member of the Board of Trustees of the University of Florida College of Law.  He has also served as Treasurer and a member of the Board of Directors of Plymouth Congregational Church.  He was an adjunct professor at the University of Miami College of Law Graduate Estate Planning Program from 2003-2008.  He received three degrees from the University of Florida:  BSBA with honors (1978); JD with honors (1982) and LLM in Taxation (1987).