Summer 2008 Estate Planning Forum

Join us on Wednesday, June 18, 2008, in Wichita for the 2008 Summer Estate Planning Forum. Our half-day seminar is especially attractive for four reasons:

• Attendees will learn the latest developments in Estate Planning legal issues and a special focus on common estate planning mistakes and a new look at an old estate planning workhorse, the Irrevocable Life Insurance Trust (ILIT).
• Attendees will receive seminar handout materials and a post-seminar reception.
• The program is designed to qualify for CPA, CE, CLU, CFP, & ChFC continuing education credits.
• The registration fee for the half day seminar is only $40 per attendee.

How To Register:

Register online with a credit card. You may mail your registration form with check made payable to Foulston Siefkin LLP c/o Estate Planning Forum, Foulston Siefkin LLP, 1551 N. Waterfront Parkway, Suite 100, Wichita, KS 67206. For more information contact Judy Phipps at jphipps@foulston.com or 316.291.9548.

Seating is limited and spaces will be available on a first come, first serve basis.

Who Should Attend.

This seminar has been designed to benefit CPAs, trust officers, financial planners, CLU’s, and general insurance agents whose professional practice encompasses estate planning matters.

What Subjects Will Be Addressed?

Recent Developments in Estate Planning, discussing developments that our estate planning department has concluded to be the most significant since our last Forum in January, 2008;

Irrevocable Life Insurance Trusts (ILIT): Care and Feeding of an Old Workhorse - Irrevocable Life Insurance Trusts (ILIT) remain at the vanguard of estate planning.  These life insurance instruments minimize estate taxes and preserve insurance proceeds for the beneficiaries of the the trust.  The discussion will focus on avoiding potential costly mistakes when funding ILITs, such as violating the Three Year Rule, the disqualification of gifts for the annual gift tax exclusion, income taxation of insurance proceeds, being “locked into” a stale or undesirable trust,  avoiding the generation-skipping tax and creating estate taxable incidents of ownership in life insurance policies;

Biggest Mistakes in Estate Planning - The vast majority of estate plans fail to properly address important estate planning goals. This failure frequently results in substantial family disharmony, additional administrative costs, and a distortion of the intended disposition of estate or trust property among estate beneficiaries. This session will discuss common mistakes including: causing family disharmony; not employing asset protection strategies; not providing sufficient flexibility in the estate plan; improperly dividing ownership of spousal property; not ensuring the integrity of the estate plan; not adequately providing for incapacity; picking the wrong probate avoidance device; and not minimizing estate taxation.

Who Will Be Presenting?

Tim O’Sullivan, Stewart Weaver, and Steve Neas, all attorneys with Foulston Siefkin.

What Materials Will Be Provided?

Attendees will receive seminar presentation handouts.

When and Where The Seminar Will Be Held.

Our seminar will be offered on Wednesday, June 18th, 2008 in Wichita, Kansas at the Airport Hilton Hotel, 2098 Airport Road, from 1:15 p.m. - 4:30 p.m. Registration will begin at 12:45 p.m.