The Community Foundation of Southeast Kansas will be hosting the 2023 Estate Planning Forum in partnership with Foulston Siefkin, LLP, on Tuesday, June 13. The Forum, which is held every year, offers a free lunch from Chatters and free Kansas continuing-education credits for attorneys, insurance agents, CPAs, and other professional advisors.
This year, the Forum will be held in the large conference room of the Foundry at Block22 in downtown Pittsburg.
Registration for this event is now closed.
Please contact Joshua McCloud with any questions.
Agenda
9:30 – 10:00 Sign-in
10:00 – 10:50 Ethical Considerations When Multiple Professionals Serve a Mutual Client
Credits: CLE only (Ethics)
Presenter: Tim O’Sullivan
Tim will address the ethical considerations when an estate-planning-related discipline requires knowledge and expertise from other disciplines to serve a client properly. Included in his discussion are the legal, accounting, financial, psychological, and sociological disciplines.
11:00 – 11:50 The Benefits & Hazards of Probate-Avoidance Devices
Credits: CLE, CPE, Insurance CE, PACE
Presenter: Tim O’Sullivan
During this session, Tim will discuss in detail the pros and cons of using various probate-avoidance devices, such as revocable trusts, joint tenancy, and beneficiary designations, including any traps to be aware of.
12:00 – 1:00 Lunch courtesy of the Community Foundation
The Community Foundation will serve attendees with meals delivered by Chatters. Attendees can select from the following options when registering:
- All American Cheeseburger with choice of side.
- Avocado Turkey BLT: Avocado + oven-roasted turkey + hickory-smoked bacon + lettuce + tomato + creamy Italian dressing served on a cheesy sandwich bun with choice of side.
- Power Greens Salad: Kale + spinach + power veggie mixture + toasted almonds + strawberries and tossed in a sesame-ginger dressing. Order it with or without grilled chicken.
Available sides for the cheeseburger and sandwich are chips, fries, garlic mashed potatoes, apple wedges, seasonal veggies, wild rice, and tater tots.
1:00 – 1:50 Drafting Revocable Trusts to Minimize Family Disharmony
Credits: CLE, CPE, Insurance CE, PACE
Presenter: Tim O’Sullivan
In this segment, Tim will discuss desirable provisions to consider including in revocable trusts to minimize family disharmony and its adverse effects in implementing a parent’s estate plan following his or her death or disability. These will include statements of intent, accounting for property passing outside the trust, distributing tangible personal property, trustee-succession provisions, and alternative-dispute-resolution provisions, among others.
2:00 – 2:50 Drafting Support & Discretionary Trusts
Credits: CLE, CPE, Insurance CE, PACE
Presenter: Tim O’Sullivan
Tim will first describe the basic elements of support and discretionary trusts, including the interpretation to be given to such trusts’ provisions under Kansas law. He will outline their benefits and detriments in carrying out the grantor’s intent.
This will be followed by a discussion of the nature of “hybrid trusts,” their substantial benefits, and the drafting techniques in such trusts to implement the intent of the grantor and minimize income taxation, effectuate the maximum desired beneficiary control of the trust estate as trustee, provide asset protection under the Kansas Uniform Trust Code against creditor and spousal claims, and maximize governmental “need-based” benefits for beneficiaries such as SSI and Medicaid.
3:00 – 4:40 Recent Developments in Estate Planning
Credits: CLE, CPE, Insurance CE, PACE
Presenter: Corey Moomaw & Tim O’Sullivan
Tim will review recent state and federal legislative, judicial, and regulatory developments affecting estate planners, including how those changes will impact charitable giving.
4:40 – 5:00 Q&A
Venue
The Estate Planning Forum is moving downtown! This year’s event will be hosted in the large conference room of The Foundry at Block22 in Pittsburg, 402 N. Broadway. You can find the large conference room by entering the door facing Broadway just south of the residential entrance next to Root Coffeehouse and walking straight back.
Continuing Education Credits
This section includes important information about what continuing-education credits will be offered through the 2023 Estate Planning Forum.
Information for Lawyers
This year’s Estate Planning Forum has been approved for up to 6 hours of CLE, including 1 hour of ethics.
At the end of the Forum, you will be asked to complete a CLE affidavit, the bottom (pink) copy of which you should keep for your records. You will need to know your Kansas Supreme Court Registration Number to complete the affidavit. The Community Foundation will submit the original affidavit to Kansas CLE by July 12.
Information for Insurance Professionals
This year’s Estate Planning Forum has been approved for 5 hours of insurance CE credits.
The Community Foundation will report course-attendance information to the Kansas Insurance Department by June 23.
Information for CPAs
The Estate Planning Forum has not been pre-approved for CPE credits, and Kansas CPAs report their own continuing-education attendance to the Kansas Board of Accountancy.
CPAs seeking continuing-education credit should know the following:
- Learning objectives and content for each session are summarized in the descriptions above.
- There are no prerequisites and no requirements for advance preparation for the Estate Planning Forum.
- Each session has a beginner-to-intermediate program level.
- Instruction will be delivered in person in a classroom setting.
- The Forum provides a recommended 5 hours of CPE credit.
- You must register for the Forum using the form below, by emailing Joshua McCloud, or by calling the Foundation at (620) 231-8897.
Information for Other Professionals
The Community Foundation has not sought or obtained pre-approval for any other professional continuing-education credits. However, we can provide a PACE attendance certificate for holders of a CLU or ChFC designation.
Register for the 2023 Estate Planning Forum
About Our Presenters
Tim O’Sullivan, JD, LLM
Mr. O’Sullivan is a partner with Foulston & Siefkin practicing in the areas of estate planning, probate, trust law, and elder law. He has a broad range of experience in developing and implementing both simple and complex estate planning techniques. He represents both individual and institutional fiduciaries in the administration of trusts and estates.
Mr. O’Sullivan’s practice also involves advising clients on strategies and provisions which enhance the preservation of family harmony in the estate planning process. Over his career, Mr. O’Sullivan has made presentations on estate planning topics at approximately one hundred professional seminars.
He received a JD from the Washburn University School of Law and a LLM in taxation from the University of Missouri-Kansas City School of Law. He is a fellow in the American College of Trust and Estate Counsel.
Corey Moomaw, JD, LLM
Corey Moomaw is an associate in Foulston & Siefkin‘s Wichita office, where he is a member of the firm’s Business & Tax Team. He received his JD, magna cum laude, from Washburn University School of Law, and his LLM in taxation with distinction from Georgetown University Law Center.
Estate Planning Forum Course Materials
Community Foundation staff distributed a book containing high-quality course materials to all attendees at the Estate Planning Forum. It was also available to view and download electronically on this page for a limited time. If you attended this year’s Forum and would like an electronic copy of the materials, please contact Joshua McCloud.