BEPC Roundtable Lunch: A Members-only Event

Session 1

Financial Toolkit for Estate Attorneys

Get your notepad ready as you drink from a firehose. Join in for an overview of various financial subjects you invariably bump into when planning for your clients’ future. We’ll cover optimizing Social Security monthly benefits through advanced strategies, finances for aging parents (or elderly clients), preparing for an emergency situation, investment strategy in light of varying interest rates, and paying for long term care expenses effectively. Bring your questions as we’ll end with a Q&A with no pleading the 5th allowed.

Presented By:

Nora Yousif CFP®, CDFA®, MBA, Empower House Financial Group at RBC Wealth Management

NORA YOUSIF if is a Financial Advisor and Senior Vice President of the Empower House Financial Group at RBC Wealth Management helping her clients make smarter decisions when it comes to their wealth planning and investments.  She has presented on personal finance and investments for over 350 organizations and law practices. She frequently contributes to TV shows like Channel 5, CBS, NBC Boston and Yahoo! Finance. Nora has been published in CNBC articles and MarketWatch. She was honored to be named a 2024 Best-in-State Top Women Wealth Advisor by Forbes*. Finally, Nora received her Master’s in Business Administration from MIT Sloan, having been immersed with some of the brightest minds in the world of finance.

*The 2024 Forbes "Top Women Wealth Advisors" and "Top Women Wealth Advisors Best-in-State" award was announced February 2023. Data as of 9/30/2023. The award was developed by SHOOK Research and is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively, a major component of a ranking algorithm that includes: client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms. Investment performance is not a criterion because client objectives and risk tolerances vary, and advisors rarely have audited performance reports. Rankings are based on the opinions of SHOOK Research, LLC and not indicative of future performance or representative of any one client’s experience. The financial advisor does not pay a fee to be considered for or to receive this award. This award does not evaluate the quality of services provided to clients. This is not indicative of this financial advisor’s future performance. For more information: www.SHOOKresearch.com.

Session 2

Life Insurance: A Strategic Component of Comprehensive Financial and Estate Planning

Join us for an insightful discussion on the role of life insurance in financial and estate planning.

This session will cover:

STRATEGIC IMPORTANCE
o   Understand life insurance as a key element in financial and estate planning, offering unique tax benefits and opportunities.

TYPES OF LIFE INSURANCE
o   Explore the spectrum from temporary term life insurance to various forms of permanent life insurance.

PRIVATE PLACEMENT LIFE INSURANCE
o   Will discuss how high net worth clients are using this type of plan in family trusts.

IRS SECTION 7702
o   An exciting change to IRS Section 7702 has created an opportunity to fund greater and faster tax-efficient growth in the cash value of a life insurance policy than was previously possible.

EVALUATING OPTIONS
o   Learn the importance of carrier selection, financials of insurance companies, and plan design in choosing the right policy to meet your clients’ objectives.

Presented By:

Ralph Rotman, CLU^®, AEP^®, CAP^®, ChSNC^®, RICP^®, Northwestern Mutual Private Client Group

Session 3

What to Do When Your Client Has Dementia

You’ve started to notice signs that your client may have cognitive impairment.  How do you prepare your client for the time when your client no longer has capacity?  We will talk about how to help maintain client autonomy while building client protection measures that will be needed over time.

Presented By:

Tiffany A. O’Connell, Esq., LL.M, CELA, AEP®, O’Connell Law LLC

Tiffany (“Tiff”) O’Connell is the Founder and CEO of O’Connell Law LLC, an estate planning, elder law and estate administration firm in Natick, Massachusetts. Tiff obtained her J.D. from New England School of Law in 1994, her Bachelor’s degree from Boston College in 1991, and her LLM in Taxation at Boston University Law School in 2011. Tiff is Certified as an Elder Law Attorney (CELA) by the National Elder Law Foundation. She has a “Superb” AVVO Rating for attorneys and was named as a Super Lawyer. Tiff has also received her Accredited Estate Planner (AEP) designation from the National Association of Estate Planners & Councils.

Session 4

The Delaware Statutory Trust (DST) – An Alternative 1031 Exchange Tool

The Delaware Statutory Trust (DST) has become a very popular vehicle to invest some or all of 1031 exchange proceeds into. It has been in the tax code(2004-86) for roughly 20 years and is very to exchange into as it is a security.  Many estate planning attorneys have gravitated to incorporating DSTs into their estate planning with high-net-worth real estate investors.

Presented By:

Wolfgang Suess, Great Point Capital, LLC

I have worked in the capital markets for over 27 years in roles ranging from having seats on the Chicago Board of Options Exchange(CBOE) and the Chicago Board of Trade(CBOT), to managing a portfolio at a hedge fund, all along becoming a specialist in private equity and alternative assets. My specialty is tax mitigation strategies and like to refer to myself as a "brick and mortar" financial advisor as the majority of our clients are high-net-worth real estate investors. My team helps defer, reduce, or potentially eliminate your capital gains taxes with our robust menu of Delaware Statutory Trusts(DST's) for 1031 exchanges, Opportunity Zone Funds for any capital gain, tax credits and other tax mitigation strategies. Our firm is Capitalize Wealth Management, LLC is a DBA under Great Point Capital, LLC. We are a leader in the tax mitigation space.

Session 5

A Massachusetts Legislator's View on Estate Planning

Join Representative Holmes to learn about estate planning from the perspective of a Massachusetts legislator.

Presented By:

Elected in November 2010, Russell Holmes represents Massachusetts’ Sixth Suffolk District, which includes a portion of the communities of Dorchester, Mattapan, Hyde Park, Roslindale, and Jamaica Plain.

Russell graduated from Boston University with a degree in mechanical engineering in 1992, and he received his MBA from Northeastern in 2000. He currently works as a Certified Financial Planner with Baystate Financial Services. When he is away from the State House, you can usually find Representative Holmes working on local initiatives, teaching Sunday school with his wife Sheree, and knocking on doors to listen to the concerns of his constituents.

Schedule

11:00 AM to 11:15 AM - Opening Remarks & Sponsor Messages
11:15 AM to 1:00 PM - Roundtable Sessions

How to Register

When completing the online registration form, please select only one session to attend. 

If the event is virtual, the event link will be sent to all attendees one day prior to the event. During the live event, each attendee will self-select the breakout session for which you registered. We limit the number of people in each breakout session to ensure lively and dynamic discussion. The events are intended to offer more intimate settings for exchange. Changes to selection will not be available day of. Please reach out to bepc@bepc.org with any questions. 

This event is exclusively offered to BEPC members with no registration fees. If you are interested in becoming a member, we encourage you to learn more and contact our office of the Membership Committee.

Certificates of Completion

Approved (10/01/2024)

BEPC issues certificates of completion for educational events. The certificates list the number of CPE credit hours or CE credits awarded for the event. Attendees are encouraged to use the certificate to provide proof to the certifying body for their certifications, designations, licensure, etc. For example, an attendee with AEP designation could use the certificate for the continuing education requirements set by NAEPC. 

BEPC's educational events may meet the requirements of Rule 15D under the Massachusetts Establishment and Administration of Mandatory Professional Education for the Practice of Public Accountancy.

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