Flexibility, Protection, and Communication in Estate Planning
In this Conversation Circle, participants will explore how “Sprinkling” provisions and “Limited Powers of Appointment” can provide a surviving spouse with flexibility in tax planning for a broad range of beneficiaries, including children and grandchildren, throughout their lifetime. The discussion will also examine how these trust structures may offer meaningful creditor protection for family assets.
Expanding beyond trust planning, the conversation will also address the importance of reviewing and updating other key legal documents as we age, including Health Care Directives, Living Wills, and designated agents under powers of attorney. Participants will discuss the importance of clearly communicating personal wishes and expectations with family members and appointed agents to help ensure decisions align with intended goals during times of incapacity or medical need.
Participants will engage by sharing planning considerations, discussing real-world applications, exploring potential challenges, and exchanging perspectives on balancing flexibility, control, asset protection, and family communication within comprehensive estate planning strategies.
Discussion Leader: Bob Maloney
Bob is one of the founding members of NAPFA back in 1983. He is currently a member of the New Hampshire estate planning council and a former member and President of the Connecticut State and tax planning council. Bob was responsible for the establishment of NAPFA University back in 2004 through 2011. Bob recently stepped down as treasurer of Speare Memorial Hospital in Plymouth NH where he spent 12 years as a board member. He has also been chairman of the Zoning Board of Holderness NH and a member of the town budget committee. Bob met his wife, Bonnie M. Hunt on a fishing trip to New Hampshire and married her on one of the islands on Squam Lake.
Moderator: Lydia Sheckels
Audience: Everyone
As part of our commitment to fostering open and honest dialogue, please be advised that recordings of Conversation Circles are strictly prohibited. This measure is in place to uphold the privacy and comfort of all participants. Additionally, we kindly request that attendees refrain from engaging in sales or promotion of products or services during the session.
Noncompliance with these guidelines may lead to removal from the session and from future NAPFA programs. Your cooperation in creating a respectful and conducive environment for discussion is greatly appreciated.