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2018 Summer Estate Planning Forum

Join us for the 2018 Summer Estate Planning Forum.

Tuesday, June 26, 2018
1:15 PM - 4:45 PM
(reception following)
The DoubleTree by Hilton Hotel Wichita Airport
2098 Airport Road, Wichita, KS 67209

Agenda
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Gain valuable estate planning knowledge at Foulston Siefkin's popular Estate Planning Forum. This forum is designed to inform financial planners, accountants, insurance brokers, and trust officers on topical estate planning developments and subject areas.

Registration

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Seating is limited and spaces will be available on a first come, first served basis. Registration fee is $90 and includes seminar, materials, and a post-seminar reception.

Enrollment not available for attorneys in private practice without prior approval.

Topics

Purely Cosmetic or Real Substance: Entity Choices for Businesses
The distinct differences in various entity choices through which to operate an active business or to hold certain investment assets will be discussed.  This includes highlighting the differences between corporations (C or S), limited liability companies (LLCs), partnerships (General and Limited), and other business structures. The presenters will discuss the limited liability attributes attendant to various entity choices and the exposure of the interests of entity owners to their creditors.  Further, the management and governance structure of the various entities will be compared and contrasted.  Finally, the treatment of each entity and the owners of such entities for federal income tax purposes will be examined.

Uneasy Lies the Head That Wears the Crown
Welcome to the world of being a fiduciary (trustee, executor, attorney-in-fact, agent, conservator, guardian, etc.). Many individuals serving in a fiduciary role are unaware of the duties and responsibilities of such role.  We will discuss the role that each fiduciary plays in an estate plan.  We will also provide a step-by-step discussion of the duties and responsibilities of each fiduciary.

Trust Me, I’m Not a Trust Fund Baby
This topic will include a breakdown of the three basic types of trusts created for trust beneficiaries, i.e., support, discretionary, and hybrid trusts.  The discussion will outline how the three types are judicially interpreted in terms of the discretion reposed in the trustee to make trust distributions, as well as the rights and interests of beneficiaries in the assets of trust estates. Also addressed will be the importance of including the proper wording in such trusts if the grantor’s goals of asset protection for beneficiaries, income tax savings to the trust estate, and maximizing governmental resource eligibility to the beneficiaries are to be fully achieved.  Finally, there will be a discussion of the nascent trend of drafting trust provisions so as to avoid “trust fund babies,” the “lottery syndrome,” the stifling of the individual initiative of beneficiaries through young adulthood, and the premature depletion of the trust estate, thereby leaving insufficient assets to provide for the support and maintenance needs of beneficiaries upon their attainment of retirement age. 

Forum Speakers

Timothy P. O'Sullivan
Mr. O'Sullivan is a Partner with Foulston Siefkin practicing in the areas of estate planning and probate, trust law, and elder law. In 2011, he was recognized by his peers as a Missouri/Kansas Super Lawyer® in the area of Estate Planning & Probate. In 2011, he was named by Best Lawyers in America® the Wichita Elder Lawyer of the Year and in 2010 the Wichita Area Trusts and Estates Lawyer of the Year. Mr. O’Sullivan is a Fellow of the American College of Trust and Estate Counsel and his peer memberships include the National Academy of Elder Law Attorneys (NAELA) and the Wichita Estate Planning Council. Mr. O’Sullivan received a J.D. from Washburn University School of Law and a LL.M. in Taxation from the University of Missouri-Kansas City School of Law.

Stewart T. Weaver​
Mr. Weaver is a Partner with Foulston Siefkin practicing in the areas of estate planning and probate and elder law. He has a broad range of experience in developing and implementing both simple and complex estate planning techniques. Mr. Weaver is a fellow of the American College of Trust and Estate Counsel (ACTEC) and is listed in the Best Lawyers in America® for Trusts and Estates. He is also a member of the Wichita Estate Planning Council. Mr. Weaver received his J.D. from Washburn University School of Law.

Matthew W. Bish
​Mr. Bish is a Partner with Foulston Siefkin practicing in the areas of estate planning and probate and elder law. Mr. Bish represents clients in connection with estate and tax planning and the administration of trusts and estates. He has experience developing wills, revocable living trusts, irrevocable trusts, generation-skipping trusts, powers of attorney, premarital agreements, advance directives, and limited liability companies. Mr. Bish also represents clients in the administration of estates before the probate court. Mr. Bish received his J.D. from Washburn University School of Law.

Andrew J. Nolan
Mr. Nolan leads the firm’s taxation group, handling business and corporate law, mergers and acquisitions, and real estate law. Working primarily with family and closely held businesses, he represents corporations, LLCs, partnerships, developers, investors and principals in matters including corporate restructuring, M&A, entity formation, tax planning, and real estate transactions. He was named Lawyer of the Year for Wichita Tax by Best Lawyers©.

David L. Ferguson
Mr. Ferguson is a member of Foulston Siefkin's tax team and practices primarily in tax matters relating to corporate reorganizations, partnerships, LLCs, and tax exempt organizations.

Certification

The 2018 Summer Estate Planning Forum is designed to qualify for CPE, CE, CLU, ChFC and CFP continuing education (CE) credits. This program has been approved for 3.50 credit hours by the Certified Financial Planner Board of Standards and 3 credit hours by the Kansas Insurance Department. State boards of accountancy have final authority on the acceptance of individual course for CPE credit.

Cancellation/Refund Policy

A full refund, less $25 administrative fee, will be issued for cancellations up to 5 business days before the event. No-shows and cancellations received fewer than 5 business days prior to the seminar are not eligible for a refund. Substitutions may be made at any time, including the day of the seminar. Any paid registrant who is unable to attend will be provided with the seminar materials upon request.

For More Information

Call 316.291.9721 or 800.267.6371, or email Adrienne Clark: aclark@foulston.com