The Community Foundation invites all Indiana attorneys, financial advisers and planners, insurance agents and other professional charitable gift planners to its Professional Advisers Seminar to be held on Friday, October 25, 2019. Three hours of continuing legal education credits are available plus three hours of non-legal subject matter credits.
A G E N D A
8:00 a.m. – Registration
8:30 a.m. – Welcome & Introductions
8:45 a.m. – Session I – Retirement Assets for First and Second Marriages: Let the Fun Begin
10:00 a.m. – Session II – Income Tax Savings with Charitable Bequests: IRD and Income-Based Bequests
10:15 a.m. – Break
10:30 a.m. – Session II continued
11:00 a.m. – Session III – So You Wanna Be a Philanthropist, including Proposed New Rules for Donor Advised Funds
12:00 p.m. – LUNCH (included)
12:45 p.m. – Session IV – Taxes, Charitable Giving, and the New Normal
2:15 p.m. – Break
2:30 p.m. – Session IV continued
4:00 p.m. – Adjourn
SPEAKERS
Christopher Hoyt, JD 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.
Professor Hoyt will address strategies and solutions for challenging situations that estate planners frequently face. The first portion of the program will address 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.
The second portion of the program is “How to Get Income Tax Savings from Charitable Bequests.” Charitable bequests are usually viewed as providing estate tax savings but no income tax savings. Professor Hoyt will demonstrate how every charitable bequest, if properly structured, can reduce the income tax liability of a trust, an estate, and their beneficiaries.
David Bennett created the Community Foundation Research and Training Institute (CFRTI) with the goal of helping good community foundations become great community foundations. CFRTI services include training for staff, board members and volunteers, assisting with strategic planning, coaching and mentoring, and delivering seminars for professional advisers.
David earned his undergraduate degree in Economics from Williams College, and a Master’s in Public Affairs from Princeton University. He began his career as a Certified Public Accountant with the firm of Ernst & Whinney and was a tax lobbyist in the Indiana legislature from 1988 to 1995. In 1995, David was appointed as the Executive Director of the Community Foundation of Greater Fort Wayne, where he served for 22 years. During that time, he was twice Chair of the Indiana Community Foundation Committee, served on the board of CF Insights, and is trained as an instructor in the Finance course offered by the Council on Foundations through the Center for Community Foundation Excellence. David serves as the President of the Fort Wayne Rotary Club and has been recognized as a Paul Harris Fellow.
During the afternoon, David will discuss recent trends in charitable giving and the new Standard Deduction. He will also talk about the Estate Tax and whether it still matters, as well as gifts with income and their tax consequences. To conclude his session, David will share smart tax strategies in today’s environment.
TO REGISTER
The cost for the event is $75 and includes lunch. To register, please contact Ruth Hallam at 812.232.2234 or ruth@wvcf.org.
