Greg Kummer, president of the Trust Company at Security Bank & Trust Co.,
spoke Oct. 7 in Hutchinson and Oct. 14 in Slayton at a luncheon discussion about Succession Planning Using Charitable Alternatives, hosted by Southwest Initiative Foundation. We hold educational opportunities, similar to this, throughout the year.
Among those who take advantage of these sessions is Bill Sommerness, an attorney at The Legal Professionals in Hutchinson.
“It’s a chance to be collegial and collaborate,” Bill said of participating in these lunchtime events. “You can always learn something new.”
SWIF Legacy Gift Planner Bob Golberg explained how we offer these sessions as resources for professional advisors looking to revisit or learn about charitable estate planning topics, and to network with other professionals in southwest Minnesota.
“The purpose of these complimentary sessions is to share how clients can save on taxes and pass more wealth on to family members, loved ones, and charities they feel have been important in their lives,” Bob said. “Also, unless you are a member of an estate planning council, you don’t usually meet with people in other disciplines.”
Bill said he appreciates the disciplined format of the luncheon discussions, with respectful adherence to agendas.
SWIF offers the two-hour-long networking luncheon discussions three times each year. A professional advisor leads the discussion, speaking to groups of attorneys, bankers, CPAs, financial planners and insurance agents from our area. Professionals have the option of requesting Continuing Education Credits from their respective professional societies after attending the sessions, Golberg said.
Topics covered at the events include placing farmland in Retained Life Estates, charitable remainder trusts, or charitable gift annuities, resulting in increased retirement income and savings on capital gains taxes, passing estates to loved ones, and making gifts through beneficiary options.
To learn more about upcoming educational events like these, call Bob Golberg at (320) 583-4799 or e-mail [email protected].