Mum’s the Word: Maintaining Client Confidentiality and Dealing with Ethical Challenges while Working from Anywhere and Everywhere
Title of Presentation – Mum’s the Word: Maintaining Client Confidentiality and Dealing with Ethical Challenges while Working from Anywhere and Everywhere
September 20, 2021, from 12:00 – 1:00 pm in Person and Zoom
Speaker: Jeff Chadwick
Description – Working remotely is here to stay. Increasing client demand for virtual meetings presents estate planning advisors with unique ethical challenges, including how to preserve client confidentiality. This presentation will discuss how the traditional duty of confidentiality applies to a virtual estate planning practice, and will provide practical suggestions for structuring engagement letters, addressing conflicts of interests, and safeguarding client communications across all mediums.
To register for this session, go to www.epcstlouis.org and click the link for the session. CPAs - In order to be awarded the full credits, you must be responding to three out of the four polling questions asked during the program.
The sponsor assures that the program content and program level is appropriate for the intended participants.
Continuing Education
EPCSTL has requested approval for continuing education in the following areas: Banking, CLE, CPE, CFP, L&H Insurance
EPCSTL is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. Complaint resolution policy: please note your problem in the speaker evaluation.
CPE Information for CPAs
CPE Learning Objectives
Learning Objective – (i) understand how confidentiality pervades client relationships from beginning to end, and how these duties apply to a remote working environment, (ii) explore how a virtual estate planning practice implicates other ethical duties, and (iii) discuss practical recommendations for establishing an effective remote working environment This presentation is designed to receive ethics credit. If you have any immediate questions or need any further information
Delivery Method: Group-live session delivered virtually due to COVID-19
Earn 1 CPE Credits for this session.
Field of Study: Specialized knowledge.
Program: Basic
Prerequisites: There are no prerequisites or advanced preparation for this session.
Who should attend: Attorneys, Accountants, Financial Advisors and Trust Officers who proactive in Estate Planning.
A certificate of completion will be available for those CPAs, and CWS designees who feel the program satisfies their continuing education requirements.
"In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour."
National Registry of CPE Sponsors Number 109467
CTFA
CTFA 1.25 CE credit
CFP Learning Objectives
Learning Objective – (i) understand how confidentiality pervades client relationships from beginning to end, and how these duties apply to a remote working environment, (ii) explore how a virtual estate planning practice implicates other ethical duties, and (iii) discuss practical recommendations for establishing an effective remote working environment This presentation is designed to receive ethics credit. If you have any immediate questions or need any further information
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Bio
Professional Biography:
Jeff Chadwick is a member of the Wealth Preservation Practice Group with offices in Houston and The Woodlands. Jeff focuses his practice on trust and estate planning for business owners, corporate executives, professional athletes, and other high net worth individuals and families. He strives to provide innovative and practical solutions to a wide range of legal matters, including wealth transfer planning, trust and estate administration, business formation and succession, asset protection, charitable giving, and premarital planning.
Jeff is Board Certified in Estate Planning and Probate Law by the Texas Board of Legal Specialization. He is a frequent speaker at estate planning seminars around the country and is an active member of many professional organizations. He also serves on the Texas Trust Code Committee, where he monitors trust issues in Texas and drafts legislation for inclusion in the Texas Trust Code.
Before settling in Texas, Jeff began his career in Richmond, Virginia. Jeff has maintained his Virginia law license and regularly counsels clients transitioning from Virginia to Texas, or vice versa, with regard to their estate planning matters.
Representative Experience
- Design and prepare core estate planning documents, including wills, revocable trust agreements, and medical and financial powers of attorney
- Advise executors, trustees, and beneficiaries regarding the funding, administration, taxation, and distribution of estates and trusts Design, implement, and monitor transfer tax minimization strategies, including gifts to family trusts, installment sales to grantor trusts, grantor retained annuity trusts (GRATs), and irrevocable life insurance trusts (ILITs)
- Help entrepreneurs, energy executives, and other clients shift new investment opportunities, corporate stock, and other appreciating assets to their family members in a tax-efficient manner
- Assist families with the formation of limited partnerships and limited liability companies to own and manage family farms, ranchland, mineral interests, vacation residences, and other family assets
- Design and implement business succession plans for families and key employees
- Prepare, review, and negotiate premarital agreements
- Counsel clients relocating to Texas with regard to their estate planning and marital property matters
- Help professional athletes, celebrities, politicians, and other public figures protect their privacy through the anonymous acquisition of personal residences and other assets
- Assist clients making anonymous charitable donations and political contributions
- Structure charitable gifts in a tax-efficient manner, including the creation and qualification of charitable trusts and private foundations
- Prepare and review federal gift tax returns (IRS Forms 709) and federal estate tax returns (IRS Forms 706)
- Obtain private letter rulings from the IRS on estate, gift, and generation-skipping transfer (GST) tax matters
- Assist trustees with judicial and non-judicial modifications to irrevocable trusts through techniques such as trust decanting, trust combinations, and trust divisions
- Counsel corporate trustees, trust departments, and family offices regarding general administrative matters
Reservation Policy
All attendees are required to register in advance. In person $25-member, $50 guest. Zoom - $20-member, $45 guest. If you reserve and are unable to attend, please cancel your reservation at least 24 hours in advance of the meeting to receive a refund or a credit for a future meeting.
