In November 2023, I was invited by the Nassau County Bar Association to host a Dean’s Houe webinar on the topic of Drafting and Funding of Irrevocable Life Insurance Trusts (ILITs). My co-host, Vince Russo Esq., and I discussed useful strategies regarding the creation and funding of various types of Trusts and Buy-Sell Agreements.
Stream the video below for a replay of the webinar. Download a copy of the handouts I provided to attendees a this link.
An unexpected, unreimbursed long-term illness can have catastrophic effects on one’s personal life and family. Arrangements that people make, or don’t make while they are younger and healthy will determine the quality of their and their family’s lives going forward.
In the webinar below, I discuss what you and your clients need to know about Traditional long-term care coverage & the new Combo/Linked Insurance plans that combine life insurance and long-term care coverage, and the various tax benefits they provide.
A complimentary replay of the July 2023 webinar held in partnership with My-CPE.com, titled “Coordinating & Managing & Maintaining of Life Insurance Within Various Trusts.”
Stream the video below and click here for a copy of the handouts that attendees were sent.
About the Webinar:
Life insurance policies are complex and often misunderstood financial instruments that require active management by the policy owners.
These same individuals have plans for reviewing and managing other types of assets, such as stocks, bonds, and real estate, but rarely review or conduct proper management of their life insurance.
An owner/trustee may be an individual, (usually the eldest sibling, that knows very little about trusts or life Insurance), or an institutional trustee. Both of these trustees serve in a fiduciary capacity and are legally liable to protect the interests of the trust’s beneficiaries and manage the trust assets for their benefit.
In August 2023, I was invited by the Suffolk Academy of Law to present a program regarding strategies to incorporate and maintain life insurance in various aspects of trust planning as well as buy-sell agreements.
Watch the webinar, titled “Properly Drafting and Maintaining Life Insurance In Your Clients’ ILIT,” below. You can download the handouts I compiled to accompany the presentation at this location.
As always, feel free to reach out at henry@thetolicentereast.com or call (516) 695-4662 if you have any questions.
My colleague Vincent J. Russo, JD, LL.M, CELA., and I recently took part in a not-to-be-missed estate planning webinar sponsored by the Nassau County Bar Association.
Watch the video below for a replay of Dean’s Hour: Your Family & Your Practice: Estate Planning, Asset Protection and Risk Management Strategies to Benefit the Professional Advisor.
Although the presentation was geared to the Advisor the information is relevant to anyone interested in better protecting themselves and their family.
There’s an old adage that comments on how the shoemaker’s children go barefoot because those closest to an expert often don’t reap the benefits of that expertise, simply because they are too busy taking care of their client’s issues and don’t have the time to focus on their own estate planning.
The program is designed to draw attention to this situation, provide the professionals with their options and motivate them to make an action plan to protect themselves, their families, and where appropriate their clients. We will discuss the current generation of insurance options available to properly “Manage your Risk’, as well as the legal protections every professional advisor needs to evaluate for himself or herself.
Click Here to read a set of handouts I made to accompany the webinar.
The team at MY-CPE has invited me back for another edition of their ongoing series of webinars for tax and finance professionals. See below for a replay of the webinar titled “What The Advisor Needs to Know About Annuities.”
About the Webinar:
Are you looking to expand your knowledge and stay ahead of the game in the financial industry? If so, it’s time to learn more about annuities.
With several trillion dollars of current annuities in multiple forms across thousands of life insurance companies worldwide, probably, a portion of your parents‘ or clients’ fixed-income portfolio includes these tax-deferred accumulation vehicles. By gaining a deeper understanding of annuities, you can help your clients make informed investment decisions and create a more diversified and robust portfolio.
Key topics covered in this course:
I was invited by the New York County Lawyers Association to take part in a webinar titled “Strategies to Draft & Maintain Client’s Life Insurance Coverage Funding ILITs.”
Please watch the replay featuring me and my co-presenter, Andrea Schanker Esq., discussing the finer points of drafting and funding an Irrevocable Life Insurance Trust (ILIT).
Click here to watch.
Click here to download a set of handouts I published to accompany the webinar. Please note, the link provides a direct download to a PDF of an article titled “Maintaining Life Insurance Coverage in a Life Insurance Trust (ILIT)” just written for Bloomberg Estates, Gifts & Trusts Journal.
About the Webinar:
The great majority of current trustees responsible for your client’s ILITs are their eldest sons and daughters acting as unskilled/amateur trustees. For the most part, they are not aware of various opportunities and strategies available to them, nor are they aware of the responsibility and fiduciary liability they’ve assumed for the maintenance of their trust’s life insurance coverage.
In the near future, (2025), trust planning & trustee guidance will become more in demand as the estate tax exemption will be reduced from $11 million to approximately $5,600,000.
Our presentation will focus on various strategies to enhance trust planning and techniques to maintain the life Insurance funding these ILITs, so as to create a larger Legacy.
Henry Montag, CFP, along with Martin M. Shenkman, JD, CPA, AEP delivered a not to be missed estate planning webinar sponsored by the New York County Lawyers Association, titled ‘Shoemakers with Barefoot Children’: What Attorneys & CPAs Need to Know About Their Own Real Estate Planning.
Click HERE to watch the replay.
The shoemaker’s children go barefoot because those closest to an expert often don’t reap the benefits of that expertise, simply because they are too busy taking care of their client’s issues and don’t have the time to focus on their own estate planning.
The program is designed to draw attention to this situation, provide the professionals with their options and motivate them to make an action plan to protect themselves, their families, and where appropriate their clients. We will discuss the current generation of insurance options available to properly “Manage your Risk’, as well as the legal protections every attorney needs to evaluate for himself or herself.
Click HERE to read a recent copy of a Bloomberg article titled ‘Shoemakers with Barefoot Children’ that was provided to those who attended the webinar.
Knowing the significant impact that an unexpected illness resulting in an unreimbursed long-term medical expense can have on the personal & financial lives of a family, I thought you’d find this replay of a continuing education webinar ‘Understanding Your Options to Pay for Long -Term Care Costs‘ of interest.
Click HERE to watch the webinar.
The arrangements people make, or don’t make while healthy will determine the quality of their, & their family’s future lives.
If you’re in your 50-60s this is the right time, while you’re young & healthy, and costs are reasonable, for you to consider the benefits & costs to make it easier for you and other family members, should someone need care later in life.
Click here for a set of the handouts distributed to attendees.
Henry Montag, Managing Partner of the TOLI Center East, was invited by My-CPE.com to take part in a webinar on March 30th, 2022. Henry’s presentation covered how to get the most benefit from your/your client’s life insurance portfolio.
I recently spoke at the National Accounting & Tax Symposium. During the virtual event, I gave a presentation on What the Accountant Should Know About Life Insurance & the SECURE Act
Click the audio player below to listen to my presentation.
Click here to download the handouts that were provided to the attendees.
Above is a replay of an Executive Summary Presentation given to the NYS Bar Association on May 13, 2021, regarding an advisor’s role in providing guidance to an amateur – trustee focusing on what they need to do as a fiduciary to monitor and maintain a life Insurance policy entrusted to them.
This webinar is hosted & moderated by Marty Shenkman and features Henry Montag CFP, along with Dick Weber AEP Distinguished.
The three discuss what an advisor needs to know in order to prevent their, or their client’s life insurance coverage from expiring prematurely, as so many already have.
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Discusses ABA Book “The Advisors’ and Trustees’ Guide to Managing Risk and Avoiding a Client Crisis”
Montag Discusses What The Advisor Must Do to Maintain a Life Ins Policy
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