Joint Meeting with the Financial Planning Association of San Francisco (FPA-SF) and the Northern California Planned Giving Council (NCPGC)

Tuesday, October 13, 2015
11:30 am - 1:30 pm

Topic:
Should You, Could You Bypass the Bypass?

Speaker(s):
Mark Prendergast, CPA, CFP®, CFO and Director of
Tax Strategies, Inspired Financial
&
Raymond Sheffield, Esq., JD, LLM, Sheffield Law Office
  
Thank You to Our Meeting Partners:



Thank You to Our Meeting Sponsor:

Program Description:
In today’s estate planning environment for married couples in the mass affluent and moderately wealth markets, the Bypass Trust is generally not the ideal testamentary trust at the death of the first spouse.  However, most joint revocable living trusts have not been updated since the American Taxpayer Relief Act of 2012, and therefore the Bypass is the default trust and a QTIP Trust might not even be provided for.  

The shift in these estates (say less than $10 million) is to now focus on Income Tax Benefits via the step-up in basis, and less in the avoidance of Estate Taxes which can be managed thru portability elections.  We will explore scenarios to create income tax benefits by [a] using techniques to manage or alter existing Bypass Trusts; [b] to deal with Bypass Trust provisions when a first spouse dies currently; and [c] what changes you should be looking for in estate plans where, thankfully, both spouses are still living.
 

Speaker Bios:
Mark Prendergast, CPA, CFP®, CFO and Director of Tax Strategies, Inspired Financial 
Mark Prendergast currently serves on the board of directors for the Financial Planning Association, and has held many positions for the national and local chapters of the FPA, he is also the CFO and Director of Tax Strategies at Inspired Financial in Huntington Beach, CA, and holds a B.S. in Business Administration with an emphasis in accounting from California State University Fresno.

Raymond Sheffield, Esq., JD, LLM, Sheffield Law Office
Raymond Sheffield is on Executive Committee of the Silicon Valley Bar Association’s Trusts and Estates Committee, and speaks regularly before numerous professional and charitable organization on various tax and estate planning topics. He holds a J.D. from the University of Santa Clara School of Law and an LL.M. in Estate Planning from the University of Miami School of Law.
 

Meeting Agenda
11:30 am -12:00 pm - Registration & Networking
12:00 pm - 12:15 pm - Chapter Announcements & Lunch
12:15 pm - 1:30 pm - Speaker Presentation and Q & A
1:30 pm - Program Closes

You may register online after October 9, 2015, however, you will be charged the Regular Registration price; online registration closes at midnight, October 11, 2015.

*This topic has been approved by the CFP Board for 1.0 hour of CE credit. 

Lisa Aliferis is the founding editor of KQED's State of Health blog. Since 2011, she's been writing stories and editing them for the site. Before taking up blogging, she toiled for many years producing health stories for television, including Dateline NBC and San Francisco's CBS affiliate, KPIX-TV. She also wrote a practical guide on the affordable care act titled Obamacare Explained – A Guide for Californians, produced by KQED News and The California Report. You can follow her on Twitter: @laliferis