ESTATE PLANNING COUNCIL OF ST. LOUIS

Date/Time: May 22, 2023 from 11:00am - 2:00pm. (Extended Session)

Location: MAC 405 Washington Avenue St. Louis MO 63102

To register for this session, go to www.epcstlouis.org and click the link for the session.

11:00 – 11:30 Registration & Networking

11:30 – 11:35 President’s Introduction; Council Business

11:35 – 12:35 Part 1:  Planning for Clients with Chronic Illness and Disability (session one)

12:35 – 12:45 ~ Break ~

12:45 – 1:45 Part 2: Religious Considerations of Estate Planning (session two)

1:45 – 1:50 Final Remarks

Speaker:  Martin M. Shenkman, CPA, MBA, PFS, AEP, JD (Shenkman Law) – MAC

About the presentations:

Planning for Clients with Chronic Illness and Disability (session one) 60 minutes

How should estate and financial planning be modified to address clients living with chronic illness? The presentation will examine practical strategies and situations and provide resources to assist professionals in all the allied financial disciplines (estate planning attorneys, insurance constants, CPAs, financial advisers, etc.) how to better help clients facing these challenges. 

Nearly a third of people live with some form of chronic illness, and those clients often could benefit from specialized adjustments. With the aging population the incidence of these challenges increases substantially, planning for chronic illness in many ways is synonymous with planning for aging.

According to the Center for Disease Control (CDC), Chronic Diseases are the Leading Causes of Death and Disability in the United States and the statistics that back up this conclusion are staggering:

• 133 million Americans – almost 1 out of every 3 adults – had at least one chronic illness. By 2020, about 157 million Americans will be afflicted by chronic illnesses. \
• Over eighty-eight percent (88%) of Americans over 65 years of age have at least one chronic health condition (as of 1998).
• There are an estimated 400,000 Americans with multiple sclerosis, a disease that can become progressively worse.
• An estimated 5 million Americans may have Alzheimer’s disease in various stages, i.e., preclinical diagnosis, a middle stage with mild cognitive impairment, and a final stage of Alzheimer’s dementia. With current population trends, that number could double.
• An estimated 25 million Americans are living with COPD.

Attendees will learn how to plan for a client considering that client’s particular chronic illness. How are financial, insurance and investment planning affected? What might be done to modify various estate planning legal documents to better protect chronically ill clients. How each adviser can broaden and deepen his or her role to better help clients facing the challenges of chronic illness. And much more.

Religious Considerations of Estate Planning (session two) 60 minutes

Many clients have strong religious beliefs, and those beliefs should be reflected in their estate plans. Practitioners in all disciplines have a role in addressing this goal. At minimum every practitioner in every discipline should at least inquire as to whether the client has any important religious considerations that might affect their planning. But that simple question is often not enough as even clients with strongly held religious beliefs may not realize how profoundly the impact of their estate plan can be on their beliefs. So, practitioners should, if the client is willing explore a bit further by inquiring if the client understands or would likely to briefly discuss how different aspects of their estate plan may have religious implications or how they can use their estate plan to reflect their religious values. Even a client who may not view themselves as particular devout may wish burial in accordance with their religious traditions, or to pass on religious identity through trusts and other components of their estate plan. Even for clients who are adamantly not religious, addressing religious considerations may be important if they have family members that are devout. For those clients, it may be important to their wishes that their planning documents indicate that they intentionally do not want religious restrictions or considerations to apply. Most practitioners are hesitant to address religious considerations, especially for faiths that are not their own. But so long as you are sincere and caring in your discussions you do not need to be an expert in a particular faith to make the inquiries and help guide a client. In all instances there will be resources and other experts you can rely on but all that is depending on your having the discussion with the client in the first instance. This webinar will provide a practical overview of how practitioners can have these discussions with clients and help guide clients in this vital aspect of planning.

To register for this session, go to www.epcstlouis.org and click the link for the session.

CPA's - CPE Credit Note: In order to be awarded the full credits, you must be responding to three out of the four polling questions asked during the program on ZOOM.

Continuing Education

EPCSTL has requested approval for continuing education in the following areas: CTFA, CLE, CPE, CFP   One hour 1.0 for each session

Who should attend: Attorneys, financial planners, trust officers, insurance consultants, CPAs.

CPE Information for CPAs

The sponsor assures that the program content and program level is appropriate for the intended participants.

Participants will: 

Learning Objectives:

The Participants will be able to do the following:

• Understand how pervasive chronic illness is and the surprising number of clients that require special planning attention.
• Advise clients living with a chronic illness as to how to tailor their planning to address the unique circumstances of their illness.
• Better advise aging clients as to the challenges they do or will face.
• Review insurance and financial planning for clients facing Alzheimer’s disease, Parkinson’s disease or other challenges.

Participants will earn 1 CPE credit. 

Field of Study: Specialized Knowledge 

Additional Information:

Delivery Method: Group Live/Group Internet Based

Program Level: Basic

Pre-requisite: NONE 

Who should attend: This presentation is aimed at lawyers, accountants, trust officers and other estate planning professionals with a background in estate planning topics.

Refunds and Cancellations: All attendees are required to register in advance.  If you reserve and are unable to attend, please cancel your reservation at least 36 hours in advance of the meeting to receive a refund or a credit for a future meeting. For more information regarding refund, complaint, and/or program cancellation policies please contact our offices at 314-520-3564.

Estate Planning Council of St. Louis 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.nasbaregistry.org.

National Registry of CPE Sponsors Number 109467

​CTFA

CTFA 1.25 CE credit for each hour

CFP

Upon completion of this course, you should be able to:

• Understand how pervasive chronic illness is and the surprising number of clients that require special planning attention.
• Advise clients living with a chronic illness as to how to tailor their planning to address the unique circumstances of their illness.
• Better advise aging clients as to the challenges they do or will face.
• Review insurance and financial planning for clients facing Alzheimer’s disease, Parkinson’s disease or other challenges.

About the Speaker

Martin M. Shenkman, CPA, M BA, PFS, A EP (distinguished), JD, is an attorney in private practice in Fort Lee, New Jersey and New York City.

Practice: Estate and tax planning, planning for closely held businesses, estate administration.

Publications: Author of 42 books and more than 1,000 articles. Editorial Board Member of Trusts & Estates Magazine, CCH (Wolter's Kluwer), and the Matrimonial Strategist. Has previously served on the editorial board of many other tax, estate and real estate publication s.

Awards: •The 1994 Probate and Property Excellence in Writing Award.  •Alfred C. Clapp Award presented in 2007 by the New Jersey Bar Association and the Institute for Continuing Legal Education for excellence in continuing legal education. •Worth Magazine's Top 100 Attorneys (2008). •CPA Magazine Top 50 I RS Tax Practitioners

(April/May 2008). •Article "Estate Planning for Clients with Parkinson's," received the "Editor’s Choice Award" in 2008 from Practical Estate Planning Magazine. •Article "Integrating Religious Considerations into Estate and Real Estate Planning," awarded the 2008 "The Best Articles Published by the ABA." •New Jersey Super Lawyers, (20 I 0-16). •Book Estate Planning/or People with a Chronic Condition or Disability, nominated for the 2009 Foreword Magazine Book of the Year Award. •20 1 2 recipient of the AI CPA Sidney Kess Award for Excellence in Continuing Education for CPAs. •201 3 Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. •Financial Planning Magazine 20 1 2 Pro-Bono Financial Planner of the Year for efforts on behalf of those living with chronic illness and disability. •Investment Adviser Magazine cover of its April 2013 issue as the lead of their "all-star lineup of tax experts." •June 2015 he delivered the Hess Memoria l Lecture for the New York City Bar Association.

Media: Frequent source for numerous national publications, guest expert appearances on major financial and other television and radio shows.

Charity/Community: •Active in many charitable and community causes and organizations. •Founded

Chronical Illness Planning.org which educates professional advisers on planning for clients with chronic illness and disability and which has been the subject of more than a score of articles. •Written books for the Michael J. Fox Foundation for Parkinson's Research, the National Multiple Sclerosis Society, and the COPD Foundation.

•Presented more than 60 lectures around the country on this topic for professional organizations, charities and others. More than 50 of the articles he has published have addressed planning for those facing the challenges of chronic illness and disability. • American Brain Foundation Board (1/ 1/ 16).

Education: •Bachelor of Science degree from Wharton School, concentration in accounting and economics. •M BA from the University of Michigan, concentration in tax and finance. •Law degree from Ford ham University School of Law. •Admitted to the bar in New York, New Jersey, and Washington, D.C. •CPA in New Jersey, Michigan, and New York. •Registered Investment Adviser in New York and New Jersey.

Websites: www.shen kmanlaw.com; www. laweasy.com ; www.chronicillnessplann ing.org [under construction].