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    PFP News

     

    Member-Exclusive News, Resources and Events

     

    August 26, 2015

    In This Issue

    The CPA’s Guide to Financial & Estate Planning: Volume 3

    Leg/Reg Update: New Estate Basis Reporting Requirements Delayed Until Next Year

    Forefield Alert: Market Volatility Materials Available

    Forefield Alert: New Video Highlights China's Recent Market Turmoil

    Podcast: Advising Clients During Market Uncertainty

    Podcast: Advising Clients on Dissolving Family Limited Partnerships and LLCs

    Bob Veres’ Insider’s Forum Conference

    CPA/PFS Corner: Easily Add Your PFS Credential to LinkedIn with One Click

    Other News: Podcast on Advising Clients on Avoiding Common Missteps and Mistakes in Retirement Planning

     

     

    PFP News & Resources

     

    The CPA’s Guide to Financial & Estate Planning: Volume 3

     

    The 2015 edition of one of the most popular PFP/PFS member benefits is now available! Volumes 1-3 of the 2015 edition of The CPA’s Guide to Financial and Estate Planning are available to PFP/PFS members, and can be accessed both as a downloadable PDFs and in the PFP Collection in the AICPA’s Online Professional Library.

    This comprehensive 1000-page, 4-volume, downloadable publication provides guidance to CPAs advising clients in estate, tax, retirement, investment and risk management matters, as well as reflects the latest laws and planning implications. Watch PFP News for Volume 4, which will be available in late September.

    Volume 3, available now, covers planning for partners, sole proprietors, farmers and ranchers, the impact of estate freeze rules on intrafamily transfers, planning for marriage, separation, divorce, nontraditional couples, the elderly and disabled, GST transfers, personal residence, medical care by proxy, college planning, investment and financial planning strategies and vehicles, family income-splitting techniques, year-end and new year tax planning, maximizing deductions and reducing taxes, and Social Security benefits, Medicare and Medicaid.

    Volume 2, which was released in late July, covers annuities, employee benefits, transfers includible in the death of the estate, wills, the marital deduction, powers of appointment, selection and appointment of fiduciaries, postmortem planning, planning for the executive, planning for the professional, closely held businesses, and planning for the owner of a closely held corporation.

    Volume 1, which was released in early June, covers the art of financial planning, estate and client analysis, the co-ownership of property, lifetime gifts to individuals, charitable giving, the use of trusts, and life insurance.

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    Leg/Reg Update: New Estate Basis Reporting Requirements Delayed

     

    The Internal Revenue Service issued guidance delaying the due date for compliance with the recently enacted rules that require consistent basis reporting between an estate and anyone acquiring property from the estate. Previously, the rules would have applied as early as Aug. 31 of this year for some estates. Read more in the Journal of Accountancy online.

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    Forefield Alert: Market Volatility Materials Available

     

    If you are looking for ways to communicate with your clients about the recent market volatility, Forefield Advisor has a number of materials:

     

    Strategies for Coping with Market Volatility (Video)

    Eleven Ways to Help Yourself Stay Sane in a Crazy Market (Concept Piece)

    Handling Market Volatility (Concept Piece)

    Holding Equities for the Long Term: Time Versus Timing (Concept Piece)

    Monitoring Your Portfolio (Concept Piece)

     

    View the alert.

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    Forefield Alert: New Video Highlights China's Recent Market Turmoil

     

    It's been a stressful summer for Chinese stock market investors. After a year-long stock rally during which the Shanghai Composite Index surged 150% through June 12, 2015, the Index dropped 32% and lost more than $3 trillion in value in the following weeks, hitting bottom on July 9. Forefield has created a new client video to help you inform your clients about what China’s recent market turmoil means for the rest of the world.

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    Podcast: Advising Clients During Market Uncertainty

     

    In this podcast, hear expert financial planners, Lori Luck, CPA/PFS and David Stolz, CPA/PFS address recent market events, how they are advising and communicating with clients, and planning opportunities to consider. They share how the CPA financial planner plays a critical role in providing perspective during times of market volatility and how they can have a calming effect on their clients. They can empower clients by helping them sort out what they can and cannot control, which often provides relief in uncertain environments. PFP Learning Library for more videos, podcasts, and webcasts.

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    Podcast: Advising Clients on Dissolving Family Limited Partnerships and LLCs

     

    In this podcast, Martin Shenkman discusses issues and considerations and alternate options when it comes to deciding whether to dissolve a family limited partnership and family limited liability company. These structures were put in place for a variety of reasons, but most likely with the primary goal being to generate valuation discounts for estate and gift tax planning purposes. Martin addresses the pros and cons as well as some of the novel and common planning opportunities available to advisers to help their clients address this issue. Access the PFP Learning Library for more videos, podcasts, and webcasts.

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    Bob Veres’ Insider’s Forum Conference

     

    Bob Veres’ Insider’s Forum conference (September 28-30 in Chandler, AZ) includes some of the most advanced practice management and specialized planning sessions in the profession—and offers 23.5 CPA CPE credits.   Each year, Veres tries to bring in experts to speak on some of the biggest issues facing the profession.  The 2015 meeting will specifically address:

     

    Creating a system where your employees self-manage their careers and develop future leaders, in a panel discussion featuring noted industry consultant Phillip Palaveev.

    How to define and manage downside risk in client portfolios (in the deep shadow of the Fed’s first rate hike in eight years)—two sessions tackling the subject from different angles. 

    Tools and techniques that allow you to safely manage and implement change in your business environment.

    Navigating the changing regulatory environment, featuring noted compliance attorney Tom Giachetti with Bob Veres (very entertaining and deadly serious).

    Plus advanced discussions on branding and marketing, software implementation (and the changing landscape), and the Bob Veres keynote address that will identify ten major simultaneous changes taking place in the personal financial planning field, and offer insight into how to navigate them to your advantage.

     

    Access the full conference agenda. PFP/PFS members are considered subscribers of the Bob Veres Inside Information service, which qualifies you for a $150 discount on the registration fee when using promocode 2015TRUEINSIDER. There are also separate tracks for your key investment and operations people, who (after the first registration at your firm) can each register at a discounted $595 rate.

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    CPA/PFS Corner

     

     

    Easily Add Your PFS Credential to LinkedIn with One Click
    Your PFS credential shows that you are more than a financial planner—you are a CPA with the powerful combination of extensive tax expertise and comprehensive knowledge of financial planning. Why not show it off? You can now add your PFS credential to your LinkedIn profile and showcase your expertise to colleagues, peers, employers, recruiters and more. Click here to easily add the PFS credential to your LinkedIn profile.

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    Other News

     

     

    Podcast: Advising Clients on Avoiding Common Missteps and Mistakes in Retirement Planning
    In this podcast, Ted Sarenski, CPA/PFS, addresses common missteps and mistakes that clients make in planning for retirement and how CPA financial planners can advise clients to mitigate these regardless of the stage of life their clients are currently in.

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    Events

     

    PFP Section-sponsored webcast recordings and materials are available as part of your PFP/PFS membership and are posted to aicpa.org/pfp/library if you would like to listen again or if you are not able to attend the live event.

    Conference recordings are available at no charge to conference attendees or for purchase to those who weren’t able to attend. Recordings from past conferences are available at aicpaconference
    materials.com
    .

    PFP Section-Sponsored Webcasts:

    Tomorrow! Planning for Spending in Retirement
    Consumer Series: Take Charge: Your Money. Your Life. 
    August 27, 1-2pm ET
    Free without CPE. Invite your clients to this consumer-oriented webcast.

    Aging and Incapacity: CPAs Role in Advising Aging Clients
    September 16, 11-12:45pm ET
    Free with CPE for PFP/PFS members.

    Estate, Tax and Financial Planning: New Ideas to Address with Your CPA
    October 19; 1-2pm ET
    Registration coming soon.
    Free without CPE. Invite your clients to this consumer-oriented webcast.

    How to Know Wills, Trusts and Other Legal Documents Meet Your Clients' Goals
    October 21, 1-2:45pm ET
    Registration coming soon.
    Discounted CPE.

    Introduction to Life Planning
    October 27, 1-2:15pm ET
    Registration coming soon.
    Free without CPE

    Practical Planning for Social Security and Healthcare in Retirement
    November 4, 1-2:30pm ET
    Free without CPE.

    Year-End Financial and Tax Planning Strategies
    November TBD
    Registration coming soon.
    Free with CPE.

    Upcoming Conferences:

    Sophisticated Tax Planning for Your Wealthy Clients
    November 16-17
    Boston, MA
    Live | Virtual
    PFP/PFS members save an additional $50 on the early bird AICPA member price.

    2016 Advanced Personal Financial Planning
    January 18-20
    Bellagio, Las Vegas
    Live | Virtual
    PFP/PFS members save an additional $100 on the early bird AICPA member price.

    Building a Personal Financial Planning Services Business
    January 16-17
    Bellagio, Las Vegas
    Watch PFP News for registration information.
    PFP/PFS members save an additional $100 on the AICPA member price.

    George Kinder’s The Seven Stages of Money Maturity® Workshop
    January 16-17
    Bellagio, Las Vegas
    Watch PFP News for registration information.
    PFP/PFS members save an additional $100 on the AICPA member price.

    A Case Study in Producing and Presenting Financial Plans
    January 17
    Bellagio, Las Vegas
    Watch PFP News for registration information.
    PFP/PFS members save an additional $100 on the AICPA member price.

    What the Sophisticated CPA, Lawyer & Financial Planner Need to Know About Planning for IRAs
    January 17
    Bellagio, Las Vegas
    Watch PFP News for registration information.
    PFP/PFS members save an additional $100 on the AICPA member price.

     

    Contact Us

     

    Email the PFP Team: financialplanning@aicpa.org Visit our home page: aicpa.org/pfp

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