Often families are concerned with the impact of the wealth transfers on their children and grandchildren, but don’t know how and when to start preparing them. Now that the lifetime gift exemption has increased, the issue is of even greater concern. This session will review the generational dynamics at work and offer practical steps to engage the rising generations in discussions about transfer strategies, values and intent.

Donna Trammell is Director of Family Wealth Stewardship at Bessemer Trust. In this role, she leads next generation initiatives, working directly with clients to customize financial education curriculums, design and facilitate multigenerational family meetings, and help families make decisions about shared assets.  She also leads the firm’s Next Gen Client Advisory Council and annual Next Gen Client Workshop. Previously, she led the firm’s Marketing team.

Prior to joining Bessemer, Donna worked in the private client group at Goldman Sachs. Before that, she held client relationship management positions at BBDO, Young and Rubicam, and Grey Advertising.

She is a noted speaker on the topic of raising good stewards of wealth and has been quoted in such publications as The Wall Street Journal and Worth magazine. Donna is certified as a family business advisor (FFI) and multigenerational facilitator (21/64). She regularly volunteers to teach financial literacy to teens from low-income households.

Donna earned a B.A. in history and English from Colgate University.

One Education Credit for CLE (PA Only), Insurance (PA Only), CFP, CPA (PA Only), PACE and CTFA will be offered.

This meeting is being sponsored by

Click here to download a printable registration form.

Social Security's retirement program has been a basic part of American life for over 83 years. But, despite the age, the size, and the economic impact of the Social Security system, the myths and misunderstandings about what the program is, as well as what it isn’t, are sizeable.

Now, as Baby Boomers reach retirement age, they are beginning to realize that Social Security is going to play a bigger part in their retirement than they had previously thought. But they are also starting to realize that they don’t know as much about the system as they should.

Kurt Czarnowski, the Social Security Administration’s former Regional Communications Director for New England, will provide a wealth of information about the system. He will cover topics such as when someone can start to collect, how a retirement benefit is calculated, and the impact of working in retirement. He will also provide the latest information on the changes to the claiming strategies that couples have been able to employ in order to maximize their Social Security benefits.

Kurt Czarnowski is currently the principal in “Czarnowski Consulting,” a retirement planning firm which provides “Expert Answers to Your Social Security Questions.” 

Czarnowski is the former Regional Communications Director for the Social Security Administration (SSA) in New England, a position he held from December 1991 until his retirement at the end of 2010. He began his career with SSA in 1976, and during his 34 years with the agency he worked in several different management and staff positions in the Boston area.

As Regional Communications Director, Czarnowski was responsible for coordinating the Social Security Administration’s public affairs/public information activities in the six New England states. In this role, he was a frequent speaker at local and regional events for members of the public.

Czarnowski wrote the chapter on “Social Security and Retirement Planning,” for the book, The Six Secrets to a Happy Retirement, which was published by ATA Press in March, 2013. He has been a regular contributor to “Retirement Weekly,” a MarketWatch Publication, and his answers to readers’ Social Security questions have been seen in both the print and online editions of “U.S.A. Today.”

In March, 2011, he joined the Board of Directors of the Massachusetts Association of Older Americans (MAOA) and has just ended his fourth year as President. He also serves on the Massachusetts Money Management Project’s state-wide Advisory Council, and is a Member of the New England Pension Assistance Project’s Advisory Board.

A native New Englander, Czarnowski received a Bachelor's degree in History from Hamilton College in Clinton, New York, and a Master's degree in Public Administration from Northeastern University.

He currently lives in Norfolk, Massachusetts with his wife, Anne.

One Education Credit for CLE (PA Only), Insurance (PA Only), CFP, CPA (PA Only), PACE and CTFA will be offered.

This program is being sponsored by

The ethics forum will address the ethical implications of a recent phenomenon- trust modification. To whom, if anyone, do we owe duties of loyalty or duties of care? Should we be concerned that the trust grantor may have thought the term “irrevocable” has a different meaning today than, perhaps, when the instrument was created? Should the issues be considered differently by lawyers advocating for a client, than other advisors on an estate planning team? In our analysis, we plan to discuss one of the most noteworthy trust modification decision, the Barnes case. Join us for an exciting panel discussion. 

Panelists:

Richard Bell, Planning Capital Management
Rick is President and Founder of Planning Capital Management Corporation. Drawing from his experience as a Financial Advisor he developed the organization specifically to provide no boundary wealth management strategies to meet its client goals.  Rick’s experience came from working with a National Brokerage firm where he provided investment strategies and asset management solutions to high-net-worth private clients, institutions and non-profit foundations. Later he joined an independent firm where he helped to develop this, predominately insurance and estate planning, boutique into a wealth management firm.

Paul C. Heintz, Esq., Obermayer Rebmann Maxwell & Hippel, LLP
Mr. Heintz is a partner in the Philadelphia firm of Obermayer Rebmann Maxwell & Hippel, LLP.  He is a former Chair of Probate and Trust Law Section of the Philadelphia Bar Association, a member of that association's Professional Guidance Committee, which issues opinions on ethics questions, and authored an ethics column for the association's Orphans' Court Newsletter.  He is a Fellow, and formerly served on the Board of Regents of The American College of Trust and Estate Counsel (ACTEC), and has served as ACTEC's Pennsylvania State Chair.  Mr. Heintz frequently lectures on the Rules of Professional Conduct.  He is included in The Best Lawyers in America and Pennsylvania Super Lawyers.

Terrance Kline, Law Office of Terrance A. Kline
Mr. Kline’s practice is devoted to estate planning and estate and trust administration. He also counsels clients in the creation and operation of private foundations and public charities and other forms of charitable gifts. Mr. Kline writes and lectures on estate and charitable planning topics. He is the editor of Estate Planning in Pennsylvania published by PBI. Mr. Kline is a Fellow of the American College of Trust and Estate Counsel and a member of many other professional groups that advance the study of trusts, estates and charities. He is admitted to practice before various state and federal courts. Mr. Kline holds law degrees from the University of Pittsburgh (J.D.) where he was Executive Editor of the University of Pittsburgh Law Review, Temple University (LL.M.) and Columbia University School of Law (LL.M.).

Melinda Rath, Glenmede
Melinda G. Rath is a Wealth Advisor and Relationship Manager in Glenmede’s Philadelphia office. In her role, Ms. Rath partners with to provide tailored advice and guidance in the areas of wealth transfer, fiduciary, financial and charitable planning and management.

Bradley D. Terebelo, Hecksher Teillon Terrill & Sager, P.C.
Brad Terebelo's practice involves all aspects of trust and estate planning and administration, focusing extensively on trust administration and fiduciary litigation. Brad has spoken and written on issues concerning trust modification and change of situs. He presented at the Pennsylvania Supreme Court Orphans' Court Rules Committee concerning representation of minor, unborn and unascertained beneficiaries in trust proceedings. Brad serves as current chair of the Litigation Committee of the Philadelphia Bar Association's Probate and Trust Law Section, for which he authors a quarterly article concerning recent developments in fiduciary litigation. 

Two Education Credits for CLE Ethics (PA Only), Insurance (PA Only), CFP, CPA (PA Only), PACE and CTFA will be offered.

Click here to download a printable registration form.