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Program Description
Practical
planning for practitioners designed to help them better serve the
130 million Americans living with chronic illness.
Topics to be
discussed:
Overview
of Estate planning for clients living with chronic illness or
who have loved ones living with chronic illness.
Meeting
with clients with chronic illness.
Income
tax considerations and planning.
Investment
planning for those living with chronic illness.
Insurance
considerations.
Competency
considerations.
Trust
drafting techniques to safeguard a client living with chronic
illness.
Speaker
Martin
M. Shenkman
When attorney
Martin Shenkman saw that the legal and certified public accountant
professions were frequently overlooking issues such as estate and
financial planning for the 125 million Americans living with a
chronic illness, particularly the chronic illness multiple
sclerosis, he set out to change that reality in order to raise
awareness and funds to end MS.
For Marty, as he
is known to his friends, perhaps this empathy was born out of first
hand experience when his wife Patti was diagnosed with multiple
sclerosis in 2006 and he realized that her diagnosis had triggered
changes that forever affected their lives and plans for the future.
With that in mind, Marty and Patti educated themselves about living
with MS and its potential long term costs, which can be extensive
along with all the planning changes.
As they immersed
themselves in preparing for the future, Marty applied his estate
planning strategies to accommodate for Patti's chronic illness and
the unique unpredictable elements of living with MS. He also made
adjustments to his life insurance holdings, trusts and other
financial planning tools. Realizing that other families living with
MS or other chronic illnesses could benefit from this type of
specific estate planning advice, Marty began donating hundreds of
hours of his professional time to the Society. "I can give
back to the Society by sharing my special expertise."
His financial skills on strategizing for long term planning in the
wake of a chronic illness combined with his dedication to give back
to people in need as a volunteer have brought him much recognition
in national media such as The Today Show, The New York
Times, The Wall Street Journal and this summer in Forbes Magazine.
For more
information on Mr. Shenkman and RV4TheCause, please visit: http://chronicillnessplanning.org.
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