"FSP webinars have tremendous value for financial professionals. There is a wide array of interesting topics to choose from, and the ability to assemble a group of individuals lets you extend and amplify the value of the program. When supporting material is provided, such as articles, web sites, etc., attendees can continue the dialogue when the program ends."
Laurene B. Prevette, RHU, LUTCF
FSP Board of Directors, 2011-2012
Health and Wealth Considerations for the Business Owner
A Video Teleconference (VTC) produced by the Society of FSP. VTCs are educational programs streamed over the internet and hosted by local Chapters.
National Broadcast Dates:
November 17, 2010 1:00 p.m. – 3:15 p.m. (Eastern)
November 18, 2010 9:00 a.m. – 11:15 p.m. (Eastern)
*Chapters can offer programs on national broadcast dates or a date of their own choosing. Each Chapter also determines the cost and location for its program. Consult your Chapter about its plans to present this program.
This program covers issues a business owner faces on the transfer of his or her business. It considers planning strategies used to transfer the business, either to heirs or to a stranger, how to structure the business for sale to an outsider, and what the financial planner needs to know to achieve these objectives. Related issues of new tax laws in November, financial reform legislation, and the possible return of the estate tax also will be addressed. The program also considers Medicare and the use of long term care as they relate to the ongoing well-being of the seller and as part of the incentive package to sell the business. While the unifying thread of the example cases is that all the business owners are either at or approaching retirement, the planning concepts discussed are applicable to both, irrespective of their age when initiating this planning.
By the end of the program you will understand:
The health and wealth issues confronting business owners when selling their business
Appropriate strategies for transferring a business to heirs or to a stranger
How to structure a business for transfer and the possible use of long term care as part of the incentive package
The role of life insurance for the business owner or spouse in the transfer process
Who should attend?
Financial planners, investment advisors, insurance producers, retirement counselors, and estate planners and other financial professionals.
Richard M. Weber, MBA, CLU, AEP, is Secretary-Elect of the Society of FSP and a 42-year veteran of the life insurance industry. He has been a successful agent, an insurance company executive, and now a consultant to insurers and their agents on the topic of life insurance in the broader context of financial planning.
Lisa McAree, CLU, LTCP, is President of The McAree Company, a subsidiary of LTC Global, a national senior market-focused company. Lisa has focused on long term care (LTC) funding and executive benefit planning for the past 18 years. She also has served on many industry boards and advisory councils including the Boston Chapter of FSP.
Daniel A. Prisciotta, CFP®, CPA/PFS, ChFC, is Managing Partner for Equity Strategies Group where he brings 25 years of experience to his clients. His experience on over a thousand cases assures his clients that their plan will run through multiple design alternatives before the appropriate options are presented. Dan is an active member of the financial planning and investment banking community. He is regarded as a national specialist in the areas of business exit planning and estate planning.
Frank L. Rainaldi, CLU, ChFC, is one of the insurance industry's leading educators. He serves as a special consultant to several major financial institutions in the areas of estate, business and retirement planning and is the author of "The Kugler System," a complete marketing and training system for estate, business and retirement planning.
If you have a problem contacting your local chapter, call 800-392-6900 (M-F, 9 a.m. – 4:30 p.m. ET ) or contact us via e-mail at Info@FinancialPro.org