John J. “Jeff” Scroggin is one of the most innovative and visionary estate planning attorneys you’ll ever meet or hear. Many credit Jeff with pioneering the powerful “Incentive Trust” concept. He also is the creative force behind the “Family Legacy Letter”. In this conversation, he discusses why clients are demanding that their planning team focus on preserving and protecting the family rather than just managing the assets and how advisors can meet this demand.
Widows who begin a committed relationship after the death of their spouse certainly hope for the best ahead with their new spouse or long-term partner. That includes finances, which may be a predictor of the success of their new relationship. Extensive research on the financial impact of widowhood does not exist. But that’s changing! In this teleconference, Kathleen Rehl discusses a major new international research study conducted in the fall of 2016, involving more than 4,000 widows. The focus of this study was on widows who had repartnered (remarried or entered a long-term relationship). Several findings of the research are highlighted, including financial confidence levels at the death of a spouse vs. after repartnering, financial challenges of repartnering, and advice given by these widows to others considering repartnering.
Why Won’t They Call Back? ‘Planning Fatigue’: How to Address This Very Real Obstacle to Client Momentum
One of the sources of friction that slows or stalls a family’s momentum, and sabotages even the most trusted advisor’s ability to help a family implement an agreed upon strategy, is a very real phenomenon called ‘Planning Fatigue.’ On this call we will explore why and how Planning Fatigue shows up, and, what, as advisors, can we do to support our clients in moving ahead.
The Beneficiary Controlled/Directed Trust (AKA Inheritor’s Trust) Through the Lens of Purposeful Planning
Date: December 20, 2016 Speaker: John A. Warnick, Esq., Founder, Purposeful Planning Institute This call will be a helpful overview of the positive ways in which we can involve adult children in the planning process to give them an opportunity to create what the Oshins (Dick and his son Steve) and Noel Ice have copyrighted in 2006 as the Inheritor's Trust. We'll be discussing creative ways to describe features of a Purposeful Beneficiary-Controlled/Directed Trust such as the "My Trust Becomes Your Trust" concept, the Friendly Trustee (also referred to as Independent Trustees and Generative Trustees), the "Two Key" System for Total Control and Flexibility and the importance of thoughtfully creating a discretionary distribution model.
Date: November 29, 2016 Guest Speaker: John Guerin, PhD, ChFC, CDFA, Senior Consulting Psychologist, Powered by Calalytics Host: L. Paul Hood, Jr., Director of Planned Giving, The University of Toledo Foundation, PPI Dean of the Cutting Edge The technical prowess required by the Estate Planner can be virtuosic in scope and detail. The professional’s best efforts, however, will not bear fruit if the client(s) are not fully engaged and involved in the process. To enhance the likelihood of an optimal process, the professional needs to look beyond the technical requirements and examine all aspects of estate planning.