"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
Dennis M. Axman, CLU, ChFC, AEP, CFP, Sam Torolopoulos, CPA/ABV, ASA
Dennis M. Axman, CLU, ChFC, AEP, CFP, Managing Partner of Advanced Market Resources, and Sam Torolopoulos, CPA/ABV, ASA, President of ATI Capital Group, will discuss the dynamics of succession planning showing how to accomplish a number of goals. These include: meeting the owner’s personal motives; allowing the owner to have a clear understanding of any future management role; and providing a reasonable replacement income from reinvestment of the selling proceeds, even if those proceeds are received over time. Complicating these proceedings are the emerging and changing credit, estate tax, and global economic markets. Combining all these factors make transitioning the ownership of a privately-held business an uncertain proposition at best and a scary one at worst.
Terence Stanaland, CPA, ChFC, of Teague, Rotenstreich, Stanaland, Fox & Holt and Terri Getman, JD, CLU, ChFC, AEP (Distinguished), Business Development Director for Diversified Brokerage Services will review significant tax law changes that are applicable for year-end 2013, including new income tax rates, capital gains rates, limitations on itemized deductions, the phase-out of personal exemptions, the ACA tax on investment income, the Medicare surtax on earned income, and taxes affected by the Defense of Marriage Act. In addition, the pair will discuss specific techniques, such as deferrals and deductions.
David Grau, Sr., JD, President of FP Transitions, will discuss methods financial professionals can use to address succession management. Designing and implementing a succession plan involves all of the stakeholders, including your spouse, key employees, CPA and attorney, and clients, especially those who should be doing the same thing. Grau will show planning that supports and serves the interests of all of the stakeholders and provides a transition method for ownership, leadership, and authority.
Congressional action/inaction on the looming automatic tax increases and sequestration could make life interesting for financial professionals and their clients. Terry Stanaland, JD, ChFC, CPA, with Teague, Rotenstreich, Stanaland, Fox & Holt, PLLC, and Terri Getman, JD, CLU, ChFC, AEP, Business Development Officer for Diversified Brokerage Services, will walk us through the implications.