This three-part case study program provides tactical ways to work with a business owner at all stages of their life. Learn from some of the best and brightest in the industry to explore how to engage business owners throughout their career and into retirement. The case study will examine the issues of a family owned business, including buy/sell agreements, retaining key employees, retirement planning, and estate planning.
YOU WILL LEARN:
- The purpose, operation, features, benefits, goals, and considerations of both the buy-sell, LLC and the 199A deduction and split-funded defined benefit plans using life insurance.
- The client profile of the business and owners utilizing the buy-sell LLC.
- The special allocation for dealing with premium inequity within the buy-sell LLC.
- The impact of the owner’s lifetime exit or death within the buy-sell LLC.
- Executive bonus one-way buy-out within the buy-sell LLC.
- Limitations on the 199A.
- Qualifications for the 199A deduction.
- Criteria for Defined Benefit plan + 401(k) plan suitability.
- Action items for implementing the 199A deduction/defined benefit plan.
- Part I
- Estate planning involving family owned business with complex family relationships
- Speaker: Ron Lee
- Part II
- Executive benefits in family-owned businesses
- Speaker: Kathleen Bilderback
- Part III
- Business succession issues
- Speaker: Andrew Rinn
Kathleen Bilderback, JD, LLM, AEP is a founding member of Affinity Law Group, LLC, a firm dedicated to providing legal services to businesses, their owners and executives at every stage of their life cycles. Kathleen graduated from St. Louis University with degrees in Accounting and Theatre. She received her law degree and LL.M. in Taxation from the Washington University School of Law in St. Louis. She is the recipient of the Gary I. Boren Memorial Award for attaining the highest overall grade point average in the LL.M. program. Kathleen specializes in estate, business and executive benefits planning and estate and executive compensation planning with life insurance. She is a member of the Missouri, Illinois and Pennsylvania bars. She is a nationally recognized speaker and author and former adjunct professor in the LLM program at Washington University’s School of Law. She is a member of the Business Insurance & Estate Planning Committee of the Association of Advanced Life Underwriting (AALU), and was selected as a Registered Player Financial Advisor for the National Football League Players Association. She is the current Secretary of the national Society of Financial Service Professionals. She was named one of Missouri Lawyers Weekly’s Up and Coming Lawyers and received the Accredited Estate Planner designation from the National Association of Estate Planners & Councils. She has presented at AALU and the Top of the Table Meeting for the Million Dollar Roundtable. Kathleen was selected for inclusion in Missouri and Kansas SuperLawyers in 2012-2019.
Ron Lee, JD, CLU, ChFC, CAP earned an undergraduate degree in political science at the University of Nebraska at Omaha and received his law degree from Creighton University School of Law. Ron received his CLU and ChFC designations from The American College, Bryn Mawr, Pennsylvania.
Prior to joining Mutual of Omaha, he was in private practice in Omaha, Nebraska. His practice was primarily focused on the general practice of law.
Ron’s current responsibilities include management of Advanced Markets support of all distribution channels. His chief focus is on business and tax planning and he is also involved in the preparation and presentation of training seminars.
Additionally, Ron heads the Brokerage Field relations team. This team acts as a liaison between the home office and field partners in contracting and producer performance issues.
Ron is a member of the Society of Financial Service Professionals, The Omaha Estate Planning Council, The Association for Advanced Life Underwriting, and is the former Chair of LIMRA’s Advanced Sales Committee.
Andrew J. Rinn, JD, CFP, CLU, ChFC is the Second Vice President of Advanced Markets at Ameritas, Andrew leads a group of credentialed individuals that specializes in placing estate, business and retirement planning cases. His own expertise includes wealth preservation, estate planning, business planning, and executive benefits. He consults with insurance professionals and client’s tax advisors when appropriate to facilitate sales opportunities.
Andrew is a frequent speaker and has authored articles in Life Insurance Selling, Senior Market Advisor, National Underwriter, AALU and Journal of Financial Service Professionals. His speaking experience includes Forum 400, Clinic for Advanced Professionals, AALU and LIMRA Advanced Sales Forum. He is an Associate Editor for the Journal of Financial Service Professionals
Prior to joining Ameritas, Andrew was the Director of the Advanced Sales Center at MetLife and previously held roles at Principal Financial Group and Mutual of Omaha where he specialized in business and estate planning.
Andrew obtained his B.S. from Midland University and received honors as an Academic and Athletic All-American. He was inducted into the NAIA Athletic Hall of Fame in May of 2007.
He obtained his Juris Doctorate (JD) from Drake University Law School in Des Moines, Iowa where he was a member of the Dean’s List. After passing the Iowa Bar exam, Andrew served as an Assistant County Attorney and Iowa Assistant Attorney General before beginning his career in Advanced Markets. He has also served as the Chapter President of the Des Moines Society of Financial Service Professionals and on the National Board for the Society of Financial Service Professionals.
Registration Fee: $99
CE Credits: There are no CE credits available for this program.
Note: These webinars were originally broadcast live on September 16, September 23, and September 30, 2020.