Join us for a full day of engaging CE, good company, and delicious food!
5hrs of CLE, CPE, CIE & CFP CE Applied for
$150 Members
$100 Members that bring a guest*
$275 Guests
You will receive $50 at the door if you bring a nonmember as a guest.
Agenda
9:00AM Check-In/Registration
9:30AM Welcome/Agenda Review
9:45AM Legacy in Motion: Navigating Wealth and Values Across Generations, Paula McMillan, CFP, CPA/PFS, CGMA, of Stearns Financial Group
10:45AM Break
11:05AM Preserving Wealth: Navigating Step-Up in Basis for S-Corporation Assets, Terence B. Stanaland, JD, CPA, ChFC, of Teague Rotenstreich Stanaland Fox & Holt, PLLC
12:05PM Lunch/ Moyer Schaaf Award/Individual Sponsor Raffles
1:15PM Tomorrow’s Estate Plan: What Your Kids Need to Know, Erin C.V. Bailey, JD, of Tuggle Duggins Attorneys at Law
2:45PM Break
3:00PM Keeping the Peace with Married Clients: Family Law Issues in Estate Planning, including Premarital and Postmarital Agreements with Melissa L. Sams JD, of Sams Law Firm, PC and Charles W. Coltrane, JD, of Coltrane & Overfield, PLLC
4:30PM Closing Remarks, Sponsor Passport Raffle
5:00PM Cocktail Hour
Paula McMillan, CPA, CFP®, PFS, CEPA, CDFA®, CGMA, of Stearns Financial Group
Paula McMillan, a Wealth Advisor with Stearns Financial Group, enjoys making the complex simple in helping individuals and families with one-size-fits-one financial life planning and investment strategies. Paula has created two national AICPA podcast series - Retirement Readiness and Women and Wealth. A TEDx presenter on Retirement: Longevity and Security, she frequently delivers presentations to national, regional and local audiences on investing and financial life planning related topics. Paula is regularly published and quoted in national and local publications, including The Wall Street Journal, CNBC, US News & World Report, Kiplinger’s, The Business Journal, The Tax Adviser, Journal of Accountancy, NCACPA Interim Report, How Stuff Works and more.
Legacy in Motion: Navigating Wealth and Values Across Generations
This course covers the critical components financial advisors, CPAs, Estate Planning and Business Attorneys need to understand to advise their clients on the art and science of wealth and values transfer. This course is subdivided into three parts. Part One discusses challenges families encounter in transferring wealth and values through generations, including an exploration of generational differences, communication challenges, financial literacy gaps and more.; Part Two covers what successful families do differently that helps avoid or overcome these challenges to achieve desired outcomes. This section will include actionable recommendations and ideas. Part Three covers what you, as their advisor, can do to help promote, support and reinforce good ideas, behaviors and habits so the family stays on track to effectively transfer family wealth and values to successive generations. This section will include actionable recommendations and ideas.
Terence B. Stanaland, JD, CPA, ChFC, Of Counsel to the Greensboro, North Carolina law firm, Teague, Rotenstreich Stanaland Fox & Holt, PLLC
He was graduated from East Carolina University Magna Cum Laude, and earned a Juris Doctorate from the University of Florida School of Law. While in law school, he was a member of the Order of the Barristers and a successful competitor on the National Moot Court Team. Now an experienced attorney and Certified Public Accountant, he earned his Chartered Financial Consultant designation in 1988. In addition, he is a member of the Florida, North Carolina and Greensboro Bar Associations. A frequent lecturer and author on financial and tax topics, he has served on the Board of Directors of several organizations, including Greensboro Bar Association and the Greensboro Chapter of Financial Services Professionals. He is formerly a National Director of the Society of Financial Services Professionals and is also on the Board of several Non-Profit Foundations. He has previously enjoyed a career in broadcasting as the former co-host of a syndicated radio talk show. Mr. Stanaland regularly consults with insurance companies and brokerage houses on technical tax matters involving financial products and services. He is recognized as a national expert on technical tax matters and maintains an active Estate and Trust Practice in Greensboro, North Carolina.
Preserving Wealth: Navigating Step-Up in Basis for S-Corporation Assets
This session delves into the intricate world of estate planning for S-Corporation owners. The course focuses on maximizing the step-up in basis benefit for S-Corporation assets upon the owner's death, a crucial strategy for preserving wealth and minimizing tax burdens for heirs. Attendees will explore the nuances of S-Corporation ownership structures, basis calculations, and the potential tax implications of various transfer strategies. The session will cover recent legislative changes, relevant case studies, and practical techniques for optimizing the step-up in basis. Participants will gain insights into integrating this knowledge with broader estate planning objectives, including trust structures and succession planning. This course is essential for attorneys, CPAs, and wealth managers seeking to enhance their expertise in advanced estate planning techniques, particularly for clients with significant S-Corporation holdings. Attendees will leave equipped with actionable strategies to better serve their clients in preserving and transferring wealth efficiently.
Erin C.V. Bailey, JD, of Tuggle Duggins Attorneys at Law
Erin Bailey is a self-proclaimed perpetual learner and problem solver. Through her work as an attorney, she helps her clients translate and navigate the ever-changing areas of employee benefits law, mergers and acquisitions, and estate planning, synthesizing complicated technical concepts and jargon into real language and manageable action plans.
Her work related to ERISA and employee benefit matters includes advising clients on: qualified retirement plan matters, deferred compensation arrangements, executive compensation plans including compliance with 409A, insured health care plans, self- funded health care plans, Section 125 plans (cafeteria plans), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs).
Having previously worked in-house at a family-owned private equity firm in mergers and acquisitions, Erin has a unique perspective for understanding how companies make decisions and how general counsel offices prefer to work with outside attorneys. In addition, her experience working in a family-owned business provided her with invaluable insights into navigating family dynamics in a business setting, knowledge that is useful in both Family Office work and in her complex estate planning practice. Erin is a frequent speaker, presenting to CPAs, CPA firms, financial service professionals and community groups on 401k topics, estate planning, and the Affordable Care Act.
When Erin is not assisting her clients, you can likely find her on an adventure exploring food and wine with her husband, Matt. Together they have discovered pizza parties with a local cheese maker, pop-up dinners with local restaurateurs sitting next to strangers who become friends, potluck dinners at neighborhood houses with live music, breweries who have also mastered the perfect duck sandwich and food trucks which they wish could park in their backyard. At times, Erin is even able to get her two adventurous kids to join in. To work off all her adventures, Erin enjoys walking the family dog, Java, a forever puppy. Erin has lived all over the eastern US, in France and in Australia but is back in North Carolina for good and is excited for her children to grow NC roots.
Tomorrow’s Estate Plan: What Your Kids Need to Know
This session will focus on the estate planning passing for clients with children. This session will focus on the various structures planners use to pass and protect assets to the next generation (and beyond). It will help you better understand how to help your clients who have children structure their estate planning appropriately for the various stages of the children’s lives: Section One will discuss typical types of trusts and the pros and cons of each for the life various stages. Section 2 will give specific examples of the types of provisions which can be used to make such trusts more or less flexible depending on the life stages. Section 3 will discuss some practical tips to ensure planning with children in mind goes as smoothly as possible.
Melissa L. Sams, JD, of Sams Law Firm, PC
Melissa L. Sams is an experienced family law attorney with over two decades in the field. She is a certified mediator through the NC Dispute Resolution Commission (DRC) and has served as a parenting coordinator since 2006. Additionally, she has frequently acted as a Guardian Ad Litem in court cases. Melissa has a deep commitment to helping families resolve disputes amicably. In 2007, Melissa founded Sams Law Firm, PC, which has been recognized for excellence in the southern Triad region by the readers of the High Point Enterprise, Archdale Trinity News, and the Thomasville Times in 2019 & 2022.
Melissa has served as past board president of the High Point Bar Association, The Piedmont School (a school for children with learning differences), Court Support for Families, and the High Point Guild of Family Services. She is actively involved in the legal community, chairing committees focused on technology and charitable initiatives. Certified in mental health first aid and dispute resolution, Melissa combines her legal expertise with a compassionate approach, offering comprehensive support to families during challenging times. She is also an educator in co-parenting programs, helping families navigate the complexities of separation with empathy and understanding.
Melissa is the proud mother of two adult sons who are currently navigating the wilds of college life in Wilmington. A former scholarship runner at High Point University, she’s completed one marathon and two half marathons - because why settle for just one grueling race when you can do three? These days, she prefers a mix of running and walking, appreciating the slower pace and fewer blisters. When she’s not on the move, you’ll find her buried in a book or tinkering with the latest tech gadget. Whether reading, exploring gadgets, or keeping up with her sons' adventures, Melissa approaches life with a sense of humor and a commitment to continuous growth.
Keeping the Peace with Married Clients: Family Law Issues in Estate Planning,
including Premarital and Postmarital Agreements
Abstract below
Charles W. Coltrane, JD, of Coltrane & Overfield, PLLC
Charles W. Coltrane earned his Juris Doctor from Wake Forest University School of Law in 1990, where he was a member of the Moot Court Board. He also holds a Bachelor of Science in Business Administration with a concentration in Finance from the University of North Carolina at Chapel Hill, obtained in 1985. Admitted to the North Carolina Bar in 1990 and the Georgia Bar in 1991, Charles is also admitted to practice in the U.S. District Court for the Middle District of North Carolina.
Throughout his career, Charles has been recognized for his contributions to the legal field, receiving the prestigious Howard L. Gum Service Award from the North Carolina State Bar. He is a Fellow of the American Academy of Matrimonial Lawyers (AAML) and has been named to Legal Elite by Business North Carolina Magazine, North Carolina Super Lawyers Magazine, and The Best Lawyers in America.
As a dedicated educator, Charles has served as a Lecturer for Continuing Legal Education courses with the North Carolina Bar Foundation and presented "Parenting Under Two Roofs" for the Family Life Council of Greater Greensboro from 1992 to 2013. A member of Phi Delta Phi, he is also actively involved in numerous professional associations, including the North Carolina Bar Association, where he chaired the Family Law Council of the Family Law Section and the Alimony Committee. He served as President of the AAML’s North Carolina Chapter in 2019 and chaired the North Carolina State Bar’s Family Law Specialization Committee from 2009 to 2012.
Certified as a specialist in Family Law by the North Carolina State Board of Legal Specialization since 1996, Charles remains committed to advancing the practice of family law and supporting clients in navigating complex legal issues.
Keeping the Peace with Married Clients: Family Law Issues in Estate Planning,
including Premarital and Postmarital Agreements
Considering family law issues is imperative when advising estate clients and drafting estate and trust documents; and navigating the complex legal and financial landscape of premarital agreements and postmarital agreements requires a nuanced understanding of various factors. This course offers an exploration of the key considerations when advising estate clients and drafting estate and trust documents, with a concentration on premarital, postmarital and separation agreements. Participants will gain insights into the essential elements of forming valid premarital and postmarital agreements and the later enforcement of those agreements, including contractual requirements, fair disclosure obligations, and the potential impact on property rights, spousal support, and estate rights. We will delve into best practices for negotiation, documentation, and enforcement of these agreements, ensuring that they are legally sound and protect the interests of all parties involved. Attendees will be given information and tools to provide effective guidance to clients seeking to safeguard their financial futures through such agreements; and we will touch on other issues related to trusts, guardianships, powers of attorney, divorce and tax implications.