Message from the Chairperson Gregory E. Sellers, CPA, AEP® Wilson Price Montgomery, AL As I write this, my friends in the Midwest and Northeast are crying about the 95 degree temperatures and 95 % humidity. The Dog Days of Summer are truly here. I told them that those of us in the "Deep South" are already acclimated to it since we have been experiencing it for two months. I really am sorry for those suffering due to weather. I certainly appreciate a desk job in a cool 72 degree air-conditioned office… especially in July… especially in Alabama. An ability to adapt to or change our environment makes us more comfortable in extreme heat, cold, rain or drought. That ability to adapt or change our environment is also applicable in our professions. Some might look at economic and financial crisis, tax legislation and spending policy (or lack thereof), and as boulders crashing down on our chosen estate planning profession. Instead of digging a hole, we have sought out ways to distinguish ourselves from other practitioners. You all have seen the need to change your environment by obtaining the AEP® designation. Now, we are going to work on getting the public to adapt. Some of you have asked "Why so much emphasis on marketing?" Others have asked "Where are the droves of new clients seeking out an AEP®?" And others "Can you help me with making the AEP® designation work for me?" To answer the first question, the impetus behind our current promotional initiative is twofold: To SERVE the public with the highest caliber of estate planning professionals that can be offered, and To achieve greater visibility for our AEP® designees to allow them to SERVE the public. These ideals come straight out of the NAEPC Mission and Vision statements, and they are as well foundational building blocks underlying the NAEPC Code of Ethics. Our promotional efforts for the AEP® designation are two-pronged— public promotion and professional recruiting. First, the public promotion is needed to educate the general public that "estate planning" is not only "estate tax planning". Through our Estate Planning Awareness Week campaigns, the public awareness website www.estateplanninganswers.org, and the engagement of Brandpoint™ to write and distribute articles focused on AEP®'s to news-seeking media outlets (newspapers, magazines, television, radio and websites), recognition of our professional designation and our organization's commitment to service excellence will be brought to the forefront. By making the public aware of a website they can visit or phone number they can call to contact one of those professional designees, I am confident that our designees will reap the benefit. Addressing the third question, a special session at our annual conference in San Antonio accessible only by AEP® designees is being planned. A practice growth speaker will be presenting pointers and resources on how to use your AEP® designation to grow your practice. Be sure to make every effort to attend the conference this November to reap the benefit of this special presentation. I am proud that over 96% of our designees have renewed. We are continuing to grow with that renewal rates and new applications. Another benefit of obtaining the AEP® designation—$50 discount to AEP®'s who have not previously attended the annual conference! We are open to questions and ideas. Feel free to share them with me or Susan Austin Carney at 866.226.2224 or via email at susan@naepc.org. Sincerely, Greg

In This Issue AUG 2011 Message from the Chairperson The Technical Corner 48th Annual Conference Member Benefits, Programs & Services Promote Your Accredited Estate Planner® Designation Subscription Options   NAEPC National Website

The Technical Corner

Please enjoy the following excerpts from the most recent edition of the NAEPC Journal of Estate & Tax Planning.

How 18 Became 26: The Changing Concept Of Adulthood

 by Eileen Gallo, Ph.D. & Jon Gallo, J.D. © 2011

"It is human to have a long childhood;
it is civilized to have an even longer childhood."
Erik Erikson

"May you live in interesting times."
Ancient Chinese proverb and curse

Are you the parent of an 18- to 30-year-old? If so, you are living in interesting times. Right now, you are living through a major paradigm shift in how and when childhood ends...read on to find out why parents must be careful when using money to influence the behavior of emerging adults.

Read complete article.

What Everyone Should Know About the 2011 Offshore Voluntary Compliance Initiative

by Sid Kess, CPA, JD, LL.M.

On February 8, 2011, the IRS announced that it had instituted a second offshore voluntary disclosure compliance program, the 2011 Offshore Voluntary Disclosure Initiative (the "2011 ODVI" or the "Program"), available to all taxpayers with previously undisclosed offshore assets. Similar to the IRS's earlier 2009 Offshore Voluntary Disclosure Program (the "2009 OVDP"), which closed on October 15, 2009, the new Program is intended to afford those taxpayers—who, for whatever reason, failed to avail themselves of the 2009 OVDP—an opportunity to become compliant with U.S. tax laws. The 2011 ODVI is a significant opportunity for taxpayers who still hold undisclosed foreign accounts. However, taxpayers who wish to participate must follow very explicit procedures for doing so. In addition, the costs of participating in this new Program can be significant and are not always apparent. Therefore, it is imperative that practitioners who are advising taxpayers with undisclosed foreign assets become familiar with the new Program and its requirements.

Read complete article.

48th Annual Conference

The NAEPC/ The NAEPC Education Foundation 48th Annual Conference is scheduled for November 16 - 18, 2011 in charming San Antonio, Texas.

REGISTRATION IS NOW OPEN… register by September 30, 2011 to take advantage of the early bird discount.

See complete conference information.

Member Benefits, Programs & Services

NAEPC strives to offer you high quality benefits, programs and services at value pricing. We continually look for opportunities that will enhance the value of your membership and make your practice more efficient.

We are very proud to make the following benefits available to you at reduced prices or substantial discounts:

See all of your Member Benefits now. Please remember, all designees must utilize a user name/password to access detailed ordering links and information.

Upcoming Educational Opportunities

Webinar
Wednesday, August 24, 2011 - 12:00 noon - 1:00 pm ET
Retirement Planning for the Other 10% — Those in Non-Traditional Unions
Presented by John A. Oliver, CLU, ChFC

Webinar
Wednesday, September 14, 2011 - 12:00 noon - 1:00 pm ET
Special Needs Planning
presented by Bernard A. Krooks, JD, CPA, LL.M., CELA, AEP

Promote Your Accredited Estate Planner® Designation

You worked hard to obtain this professional designation and we ask that you help us promote the designation by sharing your enthusiasm for the credential with your colleagues who may also be interested in applying for the AEP® accreditation. We welcome referrals and are happy to provide application qualifications and requirements to them. Also, please see designation requirements and qualifications along with a downloadable application form.

Join the LinkedIn group for AEP® designees for a quick way to share an discuss articles on estate planning.

Please join us in welcoming our newest designees through July 31, 2011. Congratulations!

S. Mark Alton, CFP, ChFC®, CLU®, CAP, AEP®	Syracuse, NY
Glenn B. Asch, JD, LL.M. (taxation), AEP®	Boston, MA
Brannigan Heath Beam, CFP®, ChFC®, CLU®, AEP®	Charleston, SC
Jack B. Capron, JD, CPA, PFS, CFF, AEP®	Syracuse, NY
Ruth Ann Castellano-Piatt, CPA/PFS, AEP®	Albuquerque, NM
Andrew J. Cevasco, JD, LL.M. (taxation), AEP®	Hackensack, NJ
Sandra Brandt Chambers, CPA/PFS, CTFA, CISP, AEP®	Chattanooga, TN
Ronald J. Clayton, JD, AEP®	Milwaukee, WI
George L. Cushing, JD, AEP®	Boston, MA
Steven L. Dauterman, JD, AEP®	Cincinnati, OH
Christine Woodcock Dettor, JD, AEP®	Syracuse, NY
Dennis J. Fitzpatrick, JD, CLU®, ChFC®, AEP®	Milwaukee, WI
Margaret A. Ford-Mitchell, JD, CLU®, ChFC®, AEP®	Denver, CO
Thomas G. Georgiou, JD, LL.M. (taxation), AEP®	Scottsdale, AZ
Donna Graber, JD, ChFC®, CLU®, CFP®, AEP®	Syracuse, NY
Angela S. Granata, CFP®, AEP®	Toledo, OH
Melvin L. Gross, CLU®, ChFC®, MSFS, AEP®	Houston, TX
Susan Lee Miller King, JD, LL.M. (taxation), AEP®	Tully, NY
William T. Kriesel, CPA, CFP®, AEP®	Syracuse, NY
Michael A. Lusardi, CFP®, CLU®, ChFC®, AEP®	Worcester, MA
Richard C. Murphy, CLU®, LUTCF, AEP®	Syracuse, NY
Andreas P. Nicolades, CFP®, AEP®	Poughkeepsie, NY
James P. O'Connor, JD, LL.M., AEP®	Hauppauge, NY
Garry R. M. Payne, ChFC®, AEP®	Syracuse, NY
John T. Rogers, Jr., JD, AEP®	Los Angeles, CA
Richard T. Romano, CLU®, ChFC®, AEP®	Metairie, LA
Robert A. Roth, CLU®, ChFC®, AEP®	West Hartford, CT
Theodore J. Sarenski, CPA, CFP®, AEP®	Syracuse, NY
Jerome M. Schwaller, CLU®, ChFC®, CASL, CAP®, CFP®, AEP®	Urbandale, IA
Scott J. Sernett, CFP®, CLU®, ChFC®, AEP®	Waterloo, IA
Stanley E. Shearer, CLU®, ChFC®, CASL, CLTC, AEP®	Youngstown, OH
Michael J. Sicuranza, CFP®, AEP®	Greenville, DE
Brent T. Stanyer, JD, AEP®	Spokane, WA
Lynne F. Stebbins, JD, CLU®, ChFC®, AEP®	Port Washington, NY
Herbert E. Troutz, CLU®, CFP®, AEP®	San Antonio, TX
Edward L. Wallack, JD, CLU®, ChFC®, AIF®, CLTC, AEP®	Newton, MA
Barbara Freedman Wand, JD, AEP®	Boston, MA

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