Subject: Steve Leimberg: Long Overdue Book Reviews You ll learn as much by NOT reading as you would if you couldn t read!

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1 Subject: Steve Leimberg: Long Overdue Book Reviews EXECUTIVE SUMMARY: My father always said, You ll learn as much by NOT reading as you would if you couldn t read! Here are some valuable resources a number of them co-authored by LISI authors - that will be of great help in your 2017 practice. I ve hyperlinked these so you can quickly get to the book(s) of your choice and they are ALL good choices! My apologies for the delay in getting out these reviews but the latest on cases and rulings always comes first at LISI. THE TOOLS AND TECHNIQUES OF ESTATE PLANNING FOR MODERN FAMILIES 2 ND EDITION TOOLS AND TECHNIQUES OF TRUST PLANNING - 1 st Edition THE LIFE INSURANCE POLICY CRISIS THE ULTIMATE RETIRMENT AND ESTATE PLAN FOR YOUR MILLION DOLLAR IRA Here is Steve s commentary: THE TOOLS AND TECHNIQUES OF ESTATE PLANNING FOR MODERN FAMILIES 2 ND EDITION (272 Pages) NUTSHELL REVIEW:

2 This 2017 book covers estate planning issues unique to modern families including the tax issues, premarital and relationship formalization considerations and lifetime estate planning options. All you have to do to make a good decision about buying this book is to take a look at the list of authors. They are all on the front-line practitioners with some of the sharpest minds in our practice area and they spell out the issues (and there are LOTS of them!) and answers clearly and succinctly. This will be your first go to resource for problems every practitioner in our field will face! EDITORS AND AUTHORS Wendy Goffe (Stoel Rives LLP), Kim Kamin (Gresham Partners, LLC), Leigh-Alexandra Basha (McDermott Will and Emery LLP), Bobbi Bierhals (McDermott Will & Emery LLP), Kristine S. Knaplund (Pepperdine University School of Law), Nicole K. Mann (McDermott Will & Emery LLP), Larry Rivkin (Rivkin & Rivkin), Michael Rosen-Prinz (McDermott Will & Emery LLP), and Deborah J. Tedford (Tedford Law Firm). CHAPTER OUTLINE: Chapter 1: Planning for All Modern Families Chapter 2: Planning for Divorce Chapter 3: Planning for Blended Families Chapter 4: Planning for International Couples Chapter 5: Planning for Unmarried Couples and Cohabitation Agreements Chapter 6: Planning for Same-Sex Married Couples Chapter 7: Advising and Planning for Transgender Family Members Chapter 8: Planning for Adoption and Non-Marital Children Chapter 9: Planning for Assisted Reproductive Technology

3 WHERE TO GET IT: Call (National Underwriter Company) or their online bookstore: TOOLS AND TECHNIQUES OF TRUST PLANNING - 1 st Edition (409 pages) NUTSHELL REVIEW: This is a 2017 book on the design and administration of trusts for modern estate planning purposes. This book presents the topic of trust creation and administration from a planning standpoint. The various chapters outline many different types of situations from tax concerns to health issues to dealing with unique types of properties and shows how the right type of trust can help clients meet their planning goals now and in the future. I ll say it again, all you have to do to make a good decision about buying this book is to take a look at the list of authors. They are all front-line practitioners with some of the sharpest minds in our practice area and they spell out the issues (and there are LOTS of them!) and answers clearly and succinctly. The authors spell out not only the pros but also the cons and potential problems as well as their solutions with respect to each type of trust. This is a terrific learning and training tool as well as a refresher even for seasoned practitioners! EDITORS AND AUTHORS: Jonathan E. Gopman (Akerman LLP), Michael Sneeringer (Akerman LLP), Mary Elizabeth Anderson (Wyatt Tarrant & Combs LLP), Anna Els (Akerman LLP), L. Paul Hood (U of Toledo Foundation), Lester Law (Abbot Downing), Larry Rivkin (Rivkin & Rivkin, LLC), Yoshimi O. Smith ((Beller Smith, P.L.), and Mary E. Vandenack (Vandenack Weaver LLC).

4 CHAPTER OUTLINE: Chapter 1: Trusts: What are They and Why do We Use Them? Chapter 2: Trust Protectors Chapter 3: Marital and By-Pass Trusts Chapter 4: Community Property Trusts Chapter 5: 2503(b) and 2503(c) Trusts Chapter 6: Irrevocable Life Insurance Trusts Chapter 7: Trusts and Divorce Chapter 8: Revocable Living Trusts Chapter 9: Inter Vivos QTIP Trusts Chapter 10: Supplemental Needs Planning Chapter 11: Holding S Corporation Stock in Trust (and Estates) Chapter 12: Grantor Retained Interest Trusts Chapter 13: Charitable Trusts Chapter 14: Intentionally Defective Trusts Chapter 15: Qualified Personal Residence Trusts Chapter 16: Domestic Asset Protection Trusts Chapter 17: Offshore Asset Protection Trusts Chapter 18: Federal Tax Issues with Asset Protection Trusts Chapter 19: Returns, Compliance, and Best Practices for Asset Protection Trusts Chapter 20: Power of Appointment Support Trusts

5 Chapter 21: Trusts for Unique Assets and Difficult Situations Chapter 22: Trust Amendments WHERE TO GET IT: Call (National Underwriter Company) or their online bookstore: THE LIFE INSURANCE POLICY CRISIS (252 Pages) NUTSHELL REVIEW: The authors (rightly in my opinion) posit that litigation is likely to escalate along with allegations of misleading or deceptive or just plain confusing marketing practices with respect to certain flexible premium life insurance features. These issues, and many others are discussed along with risk mitigation methods. Trust companies holding life insurance, financial advisors, attorneys and CPAs dealing with life insurance, will find this just released book invaluable to help avoid policy lapses, and in understanding how a modern life insurance policy operates and its potential pitfalls. AUTHORS: E Randolph Whitelaw (Trust Asset Consultants, LLC) Henry Montag (TOLI Center East) CHAPTER OUTLINE: Chapter 1: History of Lapsing Policy and ILIT Insolvency Crisis Chapter 2: Life Insurance Products and Product Suitability

6 Chapter 3: Outdated Traditional Retail Agent Distribution Chanel Chapter 4: Current Response to Questionable Ethical Practices Chapter 5: Consumer-Centric Distribution Chapter 6: Risk Management Process: Best vs. Questionable vs Predatory vs No Practice Chapter 7: InForce Policy Intervention: Damage Control Chapter 8: Long Term Care Insurance Chapter 9: Life Insurance as an Asset Class Chapter 10: Life Settlement Market Chapter 11: How Can an ILIT Document Prudent and Reasoned Practice? Chapter 12: Fiduciary Issues vs. Life Insurance Practices: Chapter 13: ILIT Litigation: Best Practices Litigation-Tested Guidance Chapter 14: Special Issues Chapter 15: Sample Documents Chapter 16: Reference Articles Chapter 17: Sample Cases Chapter 18: Contributed Articles WHERE TO GET IT: Crisis.html?id=iMFNvgAACAAJ&source=kp_cover&hl=en

7 THE ULTIMATE RETIREMENT AND ESTATE PLAN FOR YOUR MILLION DOLLAR IRA (Including How to Protect Your Nest Egg from the Pending Death of the Stretch IRA Legislation) NUTSHELL REVIEW: (81 Pages) This FREE e-book provides a guide to preserving and sustaining IRAs and retirement plan investments for the long term. It is detailed enough to answer many questions particularly about reducing taxation of IRAs at death. The author addresses the potential legislation that may spell the end of the stretch IRA and potential solutions. AUTHOR: James Lange (Lange Financial Group) CHAPTER OUTLINE: Chapter 1: Pay Taxes Later Except the Roth Chapter 2: Congress Wants to Accelerate Tax on Your IRA After Your Death Chapter 3: The Most Flexible and Best Estate Plan for Married Couples Chapter 4: The Secret to Optimizing Your Roth IRA Conversions Run the Numbers Chapter 5: Using Charitable Trusts to Protect Your Children s Inheritance Chapter 6: Is Gifting and/or Life Insurance an Effective Strategy? Chapter 7: More is Better The Benefits of Combined Strategies WHERE TO GET IT:

8 HOPE THIS HELPS YOU HELP OTHERS MAKE A POSITIVE DIFFERENCE! Steve Leimberg CITE AS: LISI Estate Planning Newsletter #2525 (March 8, 2017) at Copyright 2017 Leimberg Information Services, Inc. (LISI). Reproduction in Any Form or Forwarding to Any Person Prohibited Without Express Permission.