The Connecticut High Net Worth Conference:
Wealth Preservation & Business Planning Forum
The Connecticut High Net Worth Conference brings together practitioners, academics and industry experts to discuss the current economic and financial landscape, the opportunities and pitfalls for practitioners when helping their clients, and what practitioners and clients need to consider when doing their client’s tax, estate and business planning. Attendees will enjoy a full-day of plenary and break-out sessions to learn and engage with experts on sophisticated planning ideas, and take that information back to their respective firms and clients to elevate their practice.
WHEN: Friday, June 7th, 2019, Registration and Breakfast 7:30am Eastern / Introduction 8:30am Eastern
WHERE: Sacred Heart University, West Campus, Fairfield, CT
CPE: 8 credits available for CPA, EA, CFP
COST: $70 / person EARLY BIRD (until 5/25 then $100 / person) (The event is limited to 300 In-Person attendees!)
INCLUDES: Breakfast / Lunch / Snacks
- Prerequisites: None.
- Program Level: Intermediate
- Advance preparation: None
- Program Delivery Method: Group Live
- 8 Hours CPE Credit
- Cancellation Policy: If you find you cannot make the program after registering please contact our office by either email (aevans@gs-lawfirm.com) or by phone (203-285-8545) and let us know you will not be able to make the program.
- Concerns or Complaints: If you have suggestions or concerns about anything in the program or the materials please direct them to Eric Green ategreen@gs-lawfirm.com or by calling us at (203) 285-8545.
- Green & Sklarz LLC 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 the 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.learningmarket.org
CONFERENCE BROUGHT TO YOU BY
AGENDA
7:30am – 8:30am
Registration and Breakfast
8:30am – 8:40am
Welcome Remarks
Dean John Chalykoff, Sacred Heart University, Jack Welch College of Business
8:40am – 10:10am
The Impact of the 2017 Tax Act on Tax & Estate Planning
The 2017 Tax Act introduced sweeping changes to tax and estate planners and provides for new opportunities for estate tax and tax basis planning. Our panel of experts will review the relevant changes to income and estate tax rules and will discuss the effects of these changes on lifetime and testamentary planning.
Moderator: Shelby Wilson, Esq., Green & Sklarz LLC
Panelists:
- Danny Pannese, Professor, Sacred Heart University
- Barry Fischman, CPA, Marcum, LLP
- Anthony Vitiello, Esq., Connell Foley, LLP
10:10am – 10:30am
Coffee Break
10:30am – 12:00pm
New Opportunity Zone Legislation & Planning
Perhaps the most novel new provision of the Tax Code is Section 1400Z, which changes the way unrealized capital gains are treated to encourage long term investments in low-income communities. This panel will provide a brief introduction to the provisions of the statute, review the status of the proposed regulations, and will discuss the potential ways that the statute could assist clients in using this legislation to minimize capital gains while making a profitable investment.
Moderator: Heather Lee, Esq., Green & Sklarz LLC
Panelists:
- Jay Serpe, JP Morgan Private Bank
- Mark Wilensky, Esq., Meltzer Lippe, Golstein & Breitstone, LLP
- Dina Friedman, JP Morgan Private Bank
12:00pm – 1:00pm
Lunch
1:00pm – 2:00pm
Track A: Creeping Palm Disease: Residency & Domicile Planning
Given the high cost of living, and tax rates, and estate taxes, more and more taxpayers are seeking to shift their residency to other locations and leave their old state behind. Unfortunately, most do not consider the many factors the states look at when determining a taxpayer’s residency and domicile for tax purposes. Our panel of experts will review the factors considered by states, and what practitioners and their clients need to consider when making a change of domicile that will withstand scrutiny.
Moderator: Eric L. Green, Esq., Green & Sklarz LLC
Panelists:
- Noelle Geiger, Esq., Green & Sklarz LLC
- Felicia Hoeniger, Esq., Green & Sklarz LLC
- Anthony Switajewski, CPA, BlumShapiro
Track B: Transferring the Family Business
Whether through interfamily transfer or sale to a third party, counseling families in the transfer of closely-held business interests can be the most challenging and rewarding assistance professionals can provide. Aside from income and estate tax considerations, industry regulations, valuation issues, and family relationships all enter into the picture. This panel will review some of the components and considerations professionals face in planning for families with businesses across a wide range of industries, and how various professionals can work together to help clients formulate and carry out a workable (and hopefully successful) plan.
Moderator: Shelby Wilson, Esq., Green & Sklarz LLC
Panelists:
- J. Robert Turnipseed, Esq., Armbrecht Jackson
- Mark Sklarz, Esq., Green & Sklarz LLC
- Larry Ganim, Ganim Financial
2:00pm – 2:50pm
Track A: Selecting a Domicile for the Family Trust
While most trusts are established in the jurisdiction in which the Grantor resides, there are many reasons to establish trusts in other states. This program will discuss reasons why a client should consider other jurisdictions, and what factors they and their practitioners should consider when “jurisdiction shopping.”
Moderator: Shelby Wilson, Esq., Green & Sklarz LLC
Panelists:
- Al King, South Dakota Trust Company
- Anthony Vitiello, Esq., Connell Foley, LLP
Track B: Dealing with a Decedent’s Tax Issues
Hidden offshore bank accounts, a second set of books, unreported taxable gifts and fraudulent income tax returns. This panel will discuss these issues as well as issues for the fiduciary who has to probate the estate, file returns and distribute assets.
Moderator: Eric L. Green, Esq., Green & Sklarz LLC
Panelists:
- Frank Agostino, Esq., Agostino & Associates
- Barbara Kaplan, Esq., Greenberg Traurig
- J. Robert Turnipseed, Esq., Armbrecht Jackson
2:50pm – 3:05pm
Coffee Break
3:05pm – 4:00pm
Track A: Divorce Part I: Planning to Protect the Client and the Family Business before and During the Marriage
Given that almost half of all marriages end in divorce, planners need to consider this prospect when helping the family business plan for survival and a successful transition. Join us as our panel covers the issues and potential divorce, and what practitioners need to have their clients consider when planning for the family business.
Moderator: Ron Insana, Tengler Wealth Management
Panelists:
- Shelby Wilson, Esq., Green & Sklarz LLC
- Sheila Charmoy, Esq., Charmoy & Charmoy
- William Murray, CPA, MPI
Track B: The Sale of Personal Goodwill: What Every Corporate Owner Needs to Know!
When corporate owners sell their business, the tax consequences can be significant: corporate level capital gains, followed by ordinary income distribution. However, if planned properly, the owner can sell his “personal goodwill” and avoid most of that, ending up with a personal capital gain only. Listen in as our panel of experts – including the attorney who actually tried the case authorizing this planning technique – walk you through what clients need to do to maximize their return on the sale of their business!
Moderator: Jason Marsh, Esq., Green & Sklarz LLC
Panelists:
- Frank Agostino, Esq., Agostino & Associates
- Mark Sklarz, Green & Sklarz LLC
4:00pm – 5:00pm
Track A: Divorce Part II: What to do When All Hell Breaks Loose
So now the divorce occurs, and of course the client did not listen to their planners. We have hidden accounts, screwed up planning, assets in the names of nominees, etc. All the fun things in life are now on the table, and we are scrambling to salvage what we can. Our panel of experts will explain the various pitfalls, what happens when clients do not do the planning we told them to do, what the fallout of that looks like, and what can be done to help fix these issues.
Moderator: Eric L. Green, Green & Sklarz LLC
Panelists:
- Christopher Hansen, Esq., Law Offices of Christopher M. Hansen
- Peter Bryniczka, Esq., Schoonmaker, George, Colin, Blomberg, PC
- Walter Pagano, CPA, CFP, Eisner Amper
Track B: What Happens When the Planning is NOT Done: The Ins-and-Outs of Probate Litigation
Client’s either plan for a smooth transition of assets in the planner’s office, or head to the litigators office when they don’t. Our panel will discuss the most litigated issues and why so many families end up at each other’s throats when mom and dad “leave it to the kids to sort out later.”
Moderator:Jeffrey Sklarz, Esq., Green & Sklarz LLC
Panelists:
- Kellianne Baranowsky, Esq., Green & Sklarz LLC
- Lawrence Grossman, Green & Sklarz LLC