EST2005. Creative Planning to do Now
Jul 20, 2020 1:30pm ‐ Jul 20, 2020 2:20pm
Identification: EST2005
This session will offer practical and actionable guidance in a range of financial, insurance and wealth transfer and related planning topics including: how to guide clients to organize their financial and estate planning data, basic estate planning documents to ensure clients have in place now and why they may differ, investment and insurance planning considerations, wealth transfer and asset protection strategies, asset location strategies, insurance considerations and more. This course will provide practitioners with a holistic overview of the steps to consult with and review the state of affairs of every clients planning.
NAA2006. Audit Sampling - It's Not Rocket Science
Jul 20, 2020 1:30pm ‐ Jul 20, 2020 2:20pm
Identification: NAA2006
A deeper dive into the mysteries of sampling and why today it is a subject of consternation. We will examine how to address this issue in your firm and how sampling can provide audit evidence to demonstrate the achievement of a low audit risk engagement. Some tips, techniques and "rules of the road" will be offered to make sampling easier, less stressful and more efficient on your engagements.
PFP2007. Exit Planning M&A Strategies for Today and Beyond
Jul 20, 2020 1:30pm ‐ Jul 20, 2020 2:20pm
Identification: PFP2007
The volume of RIAs bought and sold has significantly picked up pace over the last decade, and based on current industry trends, the next decade should see a record number of deals. But, short term, the market has been impacted by the current COVID-19 pandemic – yet deals continue to get done and a significant increase in deal volume is expected once a market rebound occurs. This session will share the most current M&A trends for the first half of 2020, how business valuations and deal structures have been impacted, as well as strategies for increasing the value of your advisory business, equity sharing strategies, financing options, and tax considerations for buying and selling a financial services business.
PFP2008. Thriving in an post-COVID19 Era of Artificial Intelligence
Jul 20, 2020 1:30pm ‐ Jul 20, 2020 2:20pm
Identification: PFP2008
Artificial intelligence was known to have an enormous impact on investment management and financial planning prior to COVID-19, which has in some ways accentuated its impact on small and medium sized practices. Rather than replace human intelligence, however, AI will augment it. What is that alchemy? What parts of the industry will be most impacted? How do owners of small-to-medium sized wealth managers need to respond to survive? Based on industry survey data on AI and thought leadership on drivers of trust in advisory relationships, this session will focus on articulating a skills pathway (a sequential progression of competencies) to help practitioners transition from being individual contributors to become future leaders.
EST2007. A Review of the Current Individual and Business Tax Proposals
Jul 20, 2020 2:50pm ‐ Jul 20, 2020 3:40pm
Identification: EST2007
This session will summarize and evaluate the tax legislation that has been enacted in response to the COVID 19 crisis, additional pending legislative proposals, former Vice President Biden’s tax plans and tax legislation suggested by the Trump Administration. Particular attention will be paid to taxes affecting individuals, including income, wealth and transfer taxes.
NAA2007. Ethics Update - A Peek at the PEEC
Jul 20, 2020 2:50pm ‐ Jul 20, 2020 3:40pm
Identification: NAA2007
This session will provide attendees with an update on recent changes to the Code of Professional Conduct and also a refresher on other topics the hotline staff are frequently asked. In addition, attendees will be informed of current and future initiatives of the Professional Ethics Executive Committee.
PFP2010. Creating a Better Client Experience with Stories, Sketches. . .and Magic!
Jul 20, 2020 2:50pm ‐ Jul 20, 2020 3:40pm
Identification: PFP2010
Leading your clients to 'a-ha' moments of understanding and inspiration is at the heart of our work as financial professionals. But topics like risk, diversification, and factor-based investing can seem difficult to explain. Theron Schaub, Loring Ward's VP of Strategic Relations, shares new ideas for talking about these foundational topics and investment principals in ways that will surprise even the most seasoned professional.
DIN2001. How to Advance Women into the C-Suite
Jul 21, 2020 10:00am ‐ Jul 21, 2020 10:50am
Identification: DIN2001
Join this session sponsored by the AICPA’s Women Initiatives Executive Committee and National Commission on Diversity and Inclusion, to hear panelists not only present the challenges that women face, but also expand upon how those challenges present for women of color, and how allyship and sponsorship are critical to advancement.
Category: General Session Online
EST2009. GST
Jul 21, 2020 10:00am ‐ Jul 21, 2020 10:50am
Identification: EST2009
This session will discuss planning for the GST tax on trusts that are nonexempt from GST tax.
Learning objectives include:
(1) Review the GST rules that apply to nonexempt trusts and how they differ from the estate and gift tax rules.
(2) Understand the challenges of planning for the payment of GST tax on both large and small nonexempt trusts.
(3) Consider ways the grantor, trustee and beneficiaries of nonexempt trusts can plan for the mitigation or payment of GST tax.
Learning objectives include:
(1) Review the GST rules that apply to nonexempt trusts and how they differ from the estate and gift tax rules.
(2) Understand the challenges of planning for the payment of GST tax on both large and small nonexempt trusts.
(3) Consider ways the grantor, trustee and beneficiaries of nonexempt trusts can plan for the mitigation or payment of GST tax.
EST2010. Grantor Trusts - The Key Rules and the Useful Tools
Jul 21, 2020 10:00am ‐ Jul 21, 2020 10:50am
Identification: EST2010
This session will address the importance of grantor trusts in the tax and estate planning process. It will cover the most important rules to be followed, and will then describe the variety of planning tools that are available when grantor trusts are utilized. The session will explore alternatives to grantor trusts if political uncertainty raises questions about their continued viability.