Each component of a client’s estate and financial plan can embody their Catholic values, beliefs, and lifestyle. Provisions in living wills addressing end-of-life decision making, pregnancy, and more should be considered in light of Church doctrine. One way to integrate Catholic values into an estate plan might be for a client to add to his or her will a bequest to an organization that has been instrumental or inspirational in his or her life, or which embodies the values he or she holds dear. But there is so much more. Practitioners can guide clients to write a letter of final instructions, or an “ethical will,” to their heirs. This can explain to the heirs the client’s connection with the Church, and how the Catholic concept of stewardship over assets is carried out by making a bequest in your will to complement philanthropy during lifetime. Each aspect of your client’s financial, retirement, insurance, death (dispositive scheme), and post-death (e.g., trusts for heirs) planning and documentation can be imbued, to the extent the client wishes, with Catholic values. This practical webinar will explore a range of issues.
Salvatore J. LaMendola has been a member of the Trusts and Estates Practice Group at Giarmarco, Mullins and Horton, P.C. since 1996, and a member of the LL.M. adjunct law faculty at Western Michigan University Cooley Law School since 2016. He focuses his practice on basic estate planning, charitable planning, planning for retirement plan benefits, and amending irrevocable trusts via trust “decanting.” Sal advises clients on probate avoidance techniques and estate tax reduction strategies; on the federal income and transfer tax benefits of charitable remainder trusts, charitable lead trusts, and private foundations; on using trusts with IRAs and other retirement plans to ensure the best income tax and asset protection outcomes; and on transferring assets from old irrevocable trusts to new ones that contain the provisions now desired. Sal has been published in CCH Financial and Estate Planning, the Michigan Probate and Estate Planning Journal, and the Michigan Bar Journal, and is the author of Estate Planning for Catholics: A Guide to Doing God’s Will in Your Will (and Other Estate Planning Documents).
Martin M. Shenkman is an attorney in private practice in Fort Lee, NJ, and New York City. His practice concentrates on estate and tax planning, planning for closely held business, and estate administration. Mr. Shenkman is an author of over 40 books and more than 800 articles. His most recent book is a consumer book on powers of attorney co-authored with Jonathan Blattmachr; a professional edition will be available soon. He is an editorial board member of Trusts & Estates Magazine and the Matrimonial Strategist, and an advisor for InterActive Legal. He is the recipient of many awards including being a 2013 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. Mr. Shenkman was named Financial Planning Magazine 2012 Pro-Bono Financial Planner of the Year for his efforts on behalf of those living with chronic illness and disability. Investment Adviser Magazine featured him on the cover of its April 2013 issue naming as the lead of their “all-star lineup of tax experts.” He is the author of Catholic Estate Planning: Catholic Considerations and Estate Planning.
Event sponsors are not approved Continuing Education Sponsors. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by InterActive Legal, Peak Trust Company, or Shenkman Law.
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