Mid-America Planned Giving Council

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MAPGC

Estate and Family Business Succession Planning: When to Ask the Charitable Question

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PLEASE NOTE CHANGE OF LOCATION TO KAUFFMAN FOUNDATION CONFERENCE CENTER

Kansas and Missouri CLE = 1 hour

Cindy McClannahan, Chair of the Estate Planning Section, Seigfreid Bingham

ESTATE AND FAMILY BUSINESS SUCCESSION PLANNING: WHEN TO ASK THE CHARITABLE QUESTION

Your client is working with a team of advisors, including an accountant, attorney, financial advisor, and others in order to minimize taxes, develop an estate plan that leaves the client’s property to family members, and perhaps also to develop a Cindy-McClannahansuccession planning for the family business.  The team of advisors recommends a number of strategies to your client.  Your client most likely has some charitable goals if those goals can fit within these strategies.  When should you ask the charitable question so that the answer is likely to be yes?  We will review popular strategies and determine the best time to incorporate charitable planning.

PPP Tracks:  Complex Assets – Special concerns related to popular or emerging assets used in philanthropic planning; Gift Design Essentials – Best practices for structuring gifts that benefit both donors and charitable organizations; Charitable Estate Planning – Approaches to gifts integrating current or deferred components; Core CompetenciesEssential knowledge or skills from disciplines related to the field of philanthropic planning.

Cindy McClannahan is the Chair of the Estate Planning Section of Seigfreid Bingham, and works with a variety of clients to accomplish their goals, including those who own closely held businesses and a number of individu­als whose net worth exceeds $20 million. She focuses her practice in the areas of Estate Planning, including Revocable and Irrevocable Trusts, Estate and Trust Administration, Charitable Giving, Grantor Retained Annuity Trusts, and Fam­ily Partnerships. Cindy helps clients meet their estate planning goals while also minimizing taxation and avoiding probate. After death, she advises their family on estate and trust administration and estate, gift, and income tax returns.

Cindy also works with closely held business owners on Business Planning, Buy-Sell Shareholder Agreements, and Tax Planning. Often clients wish to involve the next generation in the family business while also treating all of their children equally, even when only some of their children work in the business. She helps clients re­duce their estate taxes and plan for liquidity to pay their remaining estate taxes. If a client decides to buy an additional business or sell a business, she works with the client to minimize liability issues and reduce income taxes.

Cindy is known for listening to clients and providing prompt and technical help in a manner that can be easily understood by clients.

Honors & Awards: Five Star Wealth Manager in Estate Planning, 2007 to Present; Cited in Marquis’ Who’s Who in American Law and similar publications.

Professional Affiliations: American Bar Association; Missouri Bar Association; Kansas Bar Association; Kansas City Metropolitan Bar Association; Lawyers Association of Kansas City; Estate Planning Society of Kansas City; Donald H. Chisholm Planned Giving Council.

October 10  7:30 a.m. – 9 a.m.


Member Quotes

Friday, February 14, 7:30 – 9:00 a.m.

 Evie Curtis, Senior Vice President, Country Club Trust Company

Samantha Shepherd, Founding Attorney, Shepherd Elder Law Group, LLC

 

NOT JUST SWEET TALK: COMMUNICATING EFFECTIVELY WITH OLDER ADULTS & THOSE WITH SPECIAL NEEDS

 PPP Tracks:  Marketing – Tools/techniques for identifying donors and inspiring them to make charitable gifts; Core CompetenciesEssential knowledge or skills from disciplines related to the field of philanthropic planning.

Evie Curtis’ responsibilities include sales and business development for Country Club Trust Company.  Evie has over 30 years of banking and trust experience beginning her trust career in Atlanta, Georgia.  She is an accomplished speaker and has spoken to many groups on various estate and trust planning issues.  Her broad background includes working with clients with both retail banking and commercial banking needs.   Evie received her Bachelor of Arts degree from Georgia State University and holds an M.B.A. degree from Baker University.  She is extremely active in the community serving as Board Treasurer of the Statewide Independent Living Council and Kingswood Foundation.  In addition, Evie is a Board member of Kansas Advocates for Better Care and the Kansas City Partnership for Caregivers.  Other positions include Toastmasters International District 22 Audit Chair, Kansas City Hospice Planned Giving Advisory Council, and Children’s Mercy Planned Giving Council.

Samantha Shepherd is the founding attorney of the Shepherd Elder Law Group.  Her practice areas encompass elder law, estate planning, long term care planning and asset protection, Medicaid planning, Missouri Medicaid applications (MOHealthnet) and appeals, probate and trust administration, guardianships and Special Needs Trusts.  Samantha has a strong calling to assist the elderly and individuals with special needs. Initially a corporate lawyer by training, she found her desire to serve and to give back to the community drew her to the Elder Law profession. Under the tutelage of Attorney Craig Reaves, the former President of the Missouri Chapter of Elder Law Attorneys and the the National Academy of Elder Law Attorneys, Samantha embarked on a rewarding career helping the elderly, those with disabilities and their families.

Samantha is a 1994 graduate of Boston College Law School, where she received her juris doctorate.  She received her LLM in Estate Planning from the University of Missouri in Kansas City.  She is licensed to practice in Kansas, Missouri, Massachusetts, and Maine.  She is a member of the National Academy of Elder Law Attorneys (NAELA) and the Missouri Chapter of NAELA.   Samantha has been appointed as a Vice-Chair of the Elder Law Committee for the Missouri Bar and is also a member of the Missouri Bar’s Legislative Review Subcommittee for Elder Law. She is an officer on the Board of the Missouri Chapter of NAELA and the 2012 Co-chair of the National Meeting for NAELA. Samantha currently serves as a Director on the Board of Directors for Missouri NAELA and is the Chair of the Membership Committee. She is also on the committee for the Missouri Seniors’ Legal Helpline and a member of the Special Needs Section of NAELA. Samantha is also a member of the Kansas Bar.


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