Audio/Web Conference: Playing with Fire — Trust and Annuities:
CPE CE Credit Approvals
The recommended number of CPE credit hours is: 1
The Society of Financial Service Professionals 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.learningmarket.org.
The Society offers programs at intermediate to advanced levels of continuing professional education. Although no pre-requisite course or advanced preparation is needed to participate in any program, knowledge of, or experience in, the program topic is required.
The Society's Refund Policy states that a refund may be given in most circumstances, less a $50 service fee. For more information regarding administrative policies on complaints and refunds, please contact our office at (800) 392-6900.
The following State Boards of Accountancy will accept CPE credit from National Registry Sponsors:
There are no formal registration requirements for course providers in the balance of the states.
* You must participate in the live event to get the PACE, CPE and CFP credit.
The benefits and guarantees featured in annuity riders in the last 10–15 years make them more attractive to trustees. Annuities and trusts are each complex instruments. If done carefully, combining the two can provide clients with a powerful tool. If not, the combination could be a disaster for the client or their beneficiaries. This program will discuss the primary tax issues under the section 72 rules on non-natural persons, taxable distributions, distributions upon death, and penalty taxes. In addition, a brief review of the taxation rules for trusts will be presented.
Attendees will learn:
J. Gary Underwood, JD, CLU, ChFC is a corporate vice president, Advanced Planning Department, for New York Life Insurance Company. A graduate of Vanderbilt Law School, Gary helped put himself through law school by selling life insurance. He has been a practicing attorney and president of a financial services firm specializing in the medical market. The author of over 100 articles in law reviews and financial publications, Gary won the "1993 Best Article of the Year Award" from the Journal of Financial Service Professionals. Gary has been a featured speaker at industry meetings held in 49 of the 50 states. Gary is a member of Society of Financial Service Professionals, MENSA, the ABA, and other organizations
Bruce Tannahill is an attorney, CPA/PFS, CLU, ChFC, and AEP. He is vice president, Business and Estate Planning and head of Western Reserve Life Assurance Co. of Ohio's Business and Estate Solutions Team, located in St. Petersburg, FL. His team specializes in assisting agents with planning for business owners and high net worth clients. His prior experience includes working as a practicing attorney and as a practicing CPA. Bruce has published numerous articles on income and estate tax planning and speaks frequently to professional groups. He is a former member of the Society of FSP National Board, a vice chair of the ABA Real Property, Trust & Estate Division Continuing Legal Education Committee, a co-chair of the RPTE Trust & Estate Division eCLE Committee, and a representative to the Synergy Summit, a group of eight major financial and legal services organizations including RPTE, FSP, and the American Association of Attorneys and CPAs.