Webinar - Life Insurance Audits: What You Need to Know

Overview

Wednesday, Sep 19, 2018 - 05:00am
Wednesday, Sep 19, 2018 - 06:00am

Life insurance is part of virtually all family and family office environments. It is utilized for short- and long-term planning, financial security for spouses, estate taxes and family business buy/sell planning. Often not well understood, life insurance can be easily relegated to the “back burner” – with potentially disastrous results. Auditing these assets can highlight unknown, time sensitive risks, and increase financial leverage opportunities.

Based on participant input during the webinar, learning objectives may include:  

  • Reducing family office and trustee fiduciary risk
  • Better understanding of the results of sustained low interest rate environment
  • Leveraging gift, estate, and GST tax exclusions
  • Income tax issues
  • Underwriting fundamentals

***Those that attend this webinar and complete the conditions of participation are eligible to receive 1 hour of CPE credit.

Recommended For
Family Office Executives, Family Members, and Advisors
[[{"fid":"36356","view_mode":"default","fields":{"format":"default","alignment":"","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":false,"external_url":""},"type":"media","field_deltas":{"2":{"format":"default","alignment":"","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":false,"external_url":""}},"attributes":{"style":"margin-left: 5px; margin-right: 5px; float: left;","class":"media-element file-default","data-delta":"2"}}]]Byron Thorsen, CFP®, Managing Director and Chief Compliance Officer, Wellspring Associates

Byron is a Managing Director and Chief Compliance Officer of Wellspring Associates and has more than 30 years of industry experience. Byron was a founding partner of the Dallas office of Wellspring Associates in 1992 and has been with the company since 1990. His clients are multi-generational families, family offices and their advisors. With a specific focus on Wealth Integration™, Byron has established a reputation for his commitment to advising on a wide range of matters including estate, business succession and charitable planning strategies.

Dedicated to promoting the interests of his clients, Byron is meticulous in his work and maintains multidisciplinary relationships enabling him to effectively collaborate with other professional advisors. Byron is a Certified Financial Planner® professional. He has received membership recognition with numerous industry associations, including the Family Office Exchange Thought Leaders Council, the AALU, International Forum and Top of the Table.

A graduate of Brigham Young University, Byron embraces his professional relationships with the American Endowment Foundation and Renaissance, two organizations that support charitable giving and charitable trust administration.

[[{"fid":"36361","view_mode":"default","fields":{"format":"default","alignment":"","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":false,"external_url":""},"type":"media","field_deltas":{"3":{"format":"default","alignment":"","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":false,"external_url":""}},"attributes":{"style":"margin-left: 5px; margin-right: 5px; float: left;","class":"media-element file-default","data-delta":"3"}}]]Dennis R. Wright, MBA, AEP®, ChFC®, CLU®, Managing Partner, Wellspring Wealth and Planmark

Dennis is a Managing Partner of Wellspring Wealth and Planmark where he leverages over 20 years of experience to assist affluent, multi-generational families, family offices and their advisors. His Wealth Integration™ practice helps provide clarity and confidence in meeting their personal, business and financial goals. Dennis also maintains a significant presence in the Midwest, coastal Georgia and South Carolina. He integrates many aspects of wealth including estate and business succession planning, qualified and non-qualified planning for owners, key executives and staff as well as philanthropic endeavors.

Dennis takes pride in building relationships with family offices as well as law, accounting and financial professionals on behalf of their mutual clients. His dedication to multidisciplinary teams is exemplified through work ethic and the breadth of expertise he provides. Dennis commonly leads high-level panel discussions at the annual meetings of the Fiduciary Law Section of the State Bar of Georgia, the Family Office Exchange (FOX) Regional Member meetings, and the Southeastern Family Office Forum.

In addition to his commitment to clients, Dennis is dedicated to furthering his profession. He serves as a member of the Atlanta Estate Planning Council, Savannah Estate Planning Council, the National Association of Estate Planning Councils and the Thought Leaders Council of the Family Office Exchange. As a committed member of his community, Dennis has served in various roles for several organizations including Troop Committee Chair with the Boy Scouts of America. He currently serves on the Hilton Head Island Motoring Festival and Concours d'Elegance Board of Directors and is a trained volunteer for CanCare.

Prior to joining Wellspring Wealth, Dennis was an executive level manager for GE Medical Systems. He earned a Master of Business Administration from Rockhurst University and a Bachelor of Science with Special Honors from the University of Southern Mississippi.