(970) 241-2212      

Tuesday, September 17

Colorado Mesa University

8:00 a.m. – 5:00 p.m

 

This day of learning highlights the most recent developments and planning opportunities for professionals; encourages intellectual growth; addresses technical and ethical topics encountered in your advisory relationships; and is designed to be valuable to all members of a client’s professional advisory team.

For more information, please contact Joyce, JLambert@HopeWestCO.org.

Continuing Education Credits

HopeWest is pleased to offer continuing education credits for busy professionals like you, who are taking part in our Estate Planning Seminar. Credits are being applied for now and will be posted as approvals are received.

CLE (Continuing Legal Education) – 7.0 General & 1.0 Ethics

CPE (CPA) – 7.0

CFP (Certified Financial Planner) – 7.0

CTFA (Certified Trust and Financial Advisor) – 7.0

CLU (Life Insurance) – 2.0

Participants must sign in to each session for full credit.

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SEMINAR PROGRAM AND SCHEDULE

 + +2.0 22.0

8:00-8:30 am

8:35-8:40 am

Breakfast

Welcome, Debbie Vavak, Chair, Grand Junction Planned Giving Council

8:40-11:30 am
20 min break included

NOTE: Change in Hoyt’s AM Group Session 2nd & 3rd Topics & Objectives.

3.0 CE Credits: CPE, CFP, CLE
IRAs in 1st & 2nd Marriages: The Fun Begins, Christopher R. Hoyt
Participants will learn the different rules that apply to IRAs compared to 401(k) plans, and solutions to the most common obstacles that arise in second marriages where a client may have assets in both types of retirement plans. For example, what legal requirements must be met for some or all of the IRA or 401(k) assets to be payable to children from a prior marriage?

Lifetime Charitable Tax Planning with Retirement Assets, Christopher R. Hoyt
The 2017 tax legislation made it harder for people to itemize their deductions and get tax savings from charitable gifts. Participants will learn the best ways to get tax savings from charitable gifts under the new rules.

Estate Planning for Retirement Assets, Especially for Charitable Uses, Christopher R. Hoyt
Charitable bequests are usually viewed as providing estate tax savings but no income tax savings. Participants will learn how charitable bequests of retirement assets, when properly structured, can reduce the income tax liability of a trust, an estate, and their beneficiaries.

11:30-12:30 pm Lunch
12:30-2:20 pm
10 min break included

2.0 CE Credits: CPE, CFP, CLE 2.0 general + 1.0 ethics
Uniform Trust Code, Connie Eyster
First hour: Overview of the Colorado UTC statute. This session will include discussion on the new Colorado Uniform Trust Code and how it clarified Colorado trust law. The statute as a whole will be reviewed, with an emphasis on new definitions, virtual representation for the purpose of notice and consent, and mechanisms now available for nonjudicial settlement agreements and trust modification.

Second Hour: Practical Tips for Trustees Using the CUTC and Ethical Considerations for Attorneys Serving as Trustee. In this hour, special attention will be given to parts of the CUTC that are of particular interest to trustees administering trusts and the persons advising them. Discussion will include the ethical considerations for attorneys serving as trustee, including sample engagement letter language.

2:20-2:35 pm Break
2:35-3:25 pm

BREAKOUT A

1.0 CE Credit: CPE, CLU, CFP
A1 – Comprehensive Business Succession & Exit Planning Using Life Insurance, Jordon Scott
This interactive session will define “comprehensive succession and exit planning” versus the traditional way of doing business succession planning, offer a brief overview of the 4 basic types of buy-sell arrangements, and look more in depth at some of the more advanced succession and exit strategies. Finally, discussion will include different sources of funding these strategies, including how life insurance can help.

1.0 CE Credit: CPE, CLE, CFP
A2 – Introduction to Blockchain & Cryptocurrency, Crystal McDonough
Learn how Blockchain can be used in business and finance and explore its legal and policy implications. Blockchains and smart contracts are here and making a big impact for Estate Planners, small and big businesses, CPA’s and Financial Planners alike. These technologies provide new ways of delivering services that are faster, more secure and will impact the way you, and your clients, do business.

3:25-3:35 pm Break
3:35-4:25 pm

BREAKOUT B

1.0 CE Credit: CPE, CLU, CFP
B1 – Auditors at the Gate, Lindsay Cigler
This session will identify potential tax traps that may occur when working with business owners. A series of case studies will be used to illustrate the potential tax traps. Emphasis will be on business owner tax traps that may involve the use of life insurance and annuity products. Potential solutions to avoiding these tax traps will also be discussed.

1.0 CE Credit: CPE, CLE, CFP
B2 – Advance Care Planning 101, Carol Fowler, MD & Susan Barton, Chaplain
This session will assist professionals in advancing their clients’ understanding of dilemmas that arise when medical decisions must be made when patients lack decision making capacity and have no documents expressing their wishes. Learn how to engage clients in important conversations such as Who is “The Decider”? What is the basis for making choices? How are patients’ wishes or values discerned? How are conflicts between people and values resolved? How are documents put to use in the hospital when patients can no longer speak for themselves? Gain new tools to help clients elicit what matters. Know what documents/directives are most and least useful at various stages of life and health. Understand archiving documents – out of the Safety Deposit box and into the EMR – and learn what we have now and what to expect for the future with new statewide laws.

4:25-4:40 pm Group Wrap Up & Door Prize, Debbie Vavak, Chair, Grand Junction Planned Giving Council

 

 

 

 

 

SPEAKER BIOS

CHRISTOPHER R. HOYT

Christopher Hoyt is a Professor of Law at the University of Missouri (Kansas City) School of Law where he teaches courses in the area of federal income taxation, charitable organizations and retirement plans.

Previously, he was with the law firm of Spencer, Fane, Britt & Browne in Kansas City, Missouri. He received an undergraduate degree in economics from Northwestern University and he received dual law and accounting degrees from the University of Wisconsin.

Professor Hoyt is the Vice-Chair of the RPTE Charitable Group and he serves on the editorial board of Trusts and Estates magazine. He is an ACTEC fellow and has been designated by his peers as a “Best Lawyer”. He was elected to the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils.

 

CONSTANCE TOMBLE EYSTER

Constance Tromble Eyster is a Member of Hutchinson Black and Cook, LLC in Boulder, Colorado.  Her practice focuses on assisting clients with estate planning and estate and trust administration matters and is a frequent speaker and author on those topics.  She is a Fellow of the American College of Trust and Estate Counsel and is an active member of the Colorado Bar Association Trust and Estate Section.

Connie is a Past Chair of the Trust and Estate Section and currently serves as Chair of the subcommittee reviewing Part 5 of the Uniform Trust Code.  She has taught the Wills and Trust course at the University of Colorado School of Law as adjunct professor and enjoys the opportunity to continue as a guest lecturer for that course.

 

JORDON SCOTT
E Wholesaler, Pacific Life Insurance Company

Jordon Scott brings more than 14 years’ experience in the life insurance and financial services industries.

He specializes in helping financial professionals use creative strategies to help address their clients pressing concerns by utilizing life insurance. He can help to simplify ideas and present them in a style that is clear and compelling.

Jordon attended the University of Nebraska at Omaha, currently holds series 6 and 63 securities licenses, and is licensed in life and health lines of authority as well as the ASRI designation.

 

CRYSTAL J. MCDONOUGH, ESQ.

Crystal J. McDonough is the founder of McDonough Law, a corporate law firm with a business, energy, utilities, and natural resources practice serving clients throughout Colorado and Wyoming. She provides legal representation to companies of all sizes, and they rely on her to guide them through business cycle phases including formation, growth, and sales. Crystal’s comprehensive understanding of the commercial environment, in a variety of industries including renewable energy, utilities, oil and gas, real estate, and construction, have made her a trusted legal advisor for business owners.

Crystal received her Juris Doctor, at the University of Wyoming College of Law; her Master of Arts in Energy, Environment and Natural Resources, at the University of Wyoming, Haub School of Environment and Natural Resources; a Bachelor of Arts in English Literature, at the University of Northern Colorado and an Associate of Arts in Piano Performance, at Cottey College.

 

LINDSAY CIGLER, JD
Senior Analyst, Advanced Designs Unit, Pacific Life Insurance Company

Lindsay Cigler is a Senior Analyst for Pacific Life’s Advanced Designs Unit, a highly recognized team of advanced market experts, comprised of five attorneys who specialize in advanced planning concepts that involve the sale of life insurance. She serves as a resource for life insurance producers and financial professionals in answering questions and assisting with the structuring of advanced planning concepts involving life insurance. Lindsay also conducts research and creates marketing materials on advanced planning strategies, as well as prepares presentations ad speaks on advanced planning topics, including estate and business planning.

Prior to joining Pacific Life, Lindsay was an associate attorney at a law firm in Newport Beach, California, focusing on advanced estate planning for high net worth individuals.

Lindsay graduated from Pepperdine University’s Seaver College with an undergraduate degree in Public Relations and a concentration in Psychology. During her undergraduate studies, Lindsay spent a summer taking classes in Washington, D.C. and working in Congress. Lindsay earned her Juris Doctor degree from Pepperdine University’s School of Law. While at the School of Law, she worked at the Pepperdine Legal Aid Clinic and participated in the London Program, spending a semester studying in London.

Lindsay is a member of the State Bar of California, US District Court (Central District of California), American Bar Association, and the Orange County Bar Association.

Outside of work, Lindsay enjoys traveling, cooking, and spending time with her family and friends.

 

CAROL FOWLER, MD

Dr. Fowler has been practicing medicine in Grand Junction since 1987 and is board certified in Hospice and Palliative Medicine and in Family Medicine.

She began working for HopeWest in 2009 after having a family member in hospice services. Dr. Fowler has also been employed at St. Mary’s Hospital since 2015 and is currently the palliative care physician for their inpatient multidisciplinary Palliative Care Service.  In addition to palliative care and hospice work, she has a special interest in the medical care of persons with intellectual disabilities.

Dr. Fowler is a recipient of the St. Mary’s Hospital Saccomanno Life Time Achievement Award, the St. Mary’s Hospital Physician of the Year Award and is a past recipient of the HopeWest Heart of Hope award.

She received her undergraduate degree in anthropology from Yale College in New Haven, Connecticut, and her medical degree from the University of Colorado School of Medicine in Denver, Colorado. She completed Family Practice Residency at St. Mary’s Hospital in Grand Junction where she has resided with her family since 1985.

Prior to receiving her medical degree, Dr. Fowler was an archeologist for 9 years. She has been knitting since she was 8 years old and enjoys spinning yarn, weaving, and playing the piano.

 

SUSAN BARTON, CHAPLAIN

Susan graduated from Texas Christian University with a double major in Religion Studies and Psychology.  She went on to get a Master of Divinity degree from Brite Divinity.  She completed a residency in Clinical Pastoral Education in St. Louis, MO.  She has specialized in working with older adults in her career.  She has served as an Associate Pastor, Senior Pastor and now works as a Palliative Care Chaplain at St. Mary’s Hospital.  In her role on the Palliative Care Service she has become a specialist in end of life conversations.

Program Title: HopeWest Estate Planning Seminar, September 17, 2019

Program Description & Objectives: This interactive seminar will provide information and tools for navigating and guiding clients in the following areas:

Retirement accounts and assets in 2nd marriages, income tax liability of trusts, and new rules for tax savings from charitable gifts;

Colorado Uniform Trust Code new definitions and mechanisms for nonjudicial settlement agreements and trust modification, plus tips for trustees administering trusts and the persons advising them;

Business succession and exit planning using different sources of funding including life insurance and potential solutions to avoid tax traps in working with business owners that may involve the use of life insurance and annuity products;

Blockchain technologies and how they can be used in business and finance, the legal and policy implications, and impact for estate planners, CPA’s and financial planners;

Advance Care Planning dilemmas that arise when medical decisions must be made when patients lack decision making capacity and have no documents expressing their wishes, what documents/directives are most and least useful at various stages of life and health, and what to expect for the future with new statewide laws on archiving documents.

Who should attend: Professional advisors who work with families and businesses, especially with a focus on estate and succession planning.

Attendance: In order to be awarded full credit hours, participants must be present and register their attendance on sign-in/sign-out sheets at registration and for each session.

Advance Preparation: None

CPE Field of Study: Specialized Knowledge

Prerequisites: Background knowledge of estate planning

Program Level: Intermediate

Delivery Method: Group Live

Register for this program: https://www.hopewestco.org/charitable-estate-planning-seminar/

For Information regarding refund and cancellation policies, or concerns about the program: Please contact Debbie Horwitz at dhorwitz@hopewestco.org or call 970-257-2365

HopeWest is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Thank You Sponsors


ANB Financial Services

Chadwick, Steinkirchner, Davis & Co., P.C.

Dalby, Wendland & Co., P.C.

Dufford, Waldeck, Milburn & Krohn, LLP

Hoskin, Farina & Kampf, P.C.

Wanebo.Love.Keller.Mendenhall.Smith Wealth Management Group of Wells Fargo Advisors


Colorado West Estate Planning Council

Elder & Phillips, P.C.

Kimberley A. Last Financial Services, Inc.

Montrose Planned Giving Council

Bryce Palo/Nugent & Palo, LLC

Travis H. Perry, LLC

Retirement Outfitters, LLC

US Bank Wealth Management

Western Colorado Community Foundation

Williams, Turner & Holmes, P.C.


SPECIAL THANKS TO THE
GRAND JUNCTION HOPEWEST PLANNED GIVING COUNCIL