Mar 26

FPA Houston Chapter Meeting - 03.26.24

March 26, 2024
11:00 AM - 1:30 PM CT

The Briar Club
2603 Timmons Ln, Houston, TX 77027
View on map

Mar 26, 2024 11:00am

$0.00 - $60.00

Event Details:

10:30 AM - 11:00 AM: Doors open - check in + networking - come early to network with your FPA colleagues

11:00 AM - 11:15 AM: Welcome! Join us for the latest FPA updates & announcements

11:15 AM - 12:05 PM: Life Insurance- The Good, The Bad, The Solution

This presentation is intended to provide an objective review of the pros and cons of permanent life insurance from the perspective of a CFP practitioner. The benefits and potential applications of insurance coverage will be contrasted with the opaqueness of these products as well as a perceived lack of transparency inherent in the sales process. The importance of comprehensive policy review as a solution to policy underperformance will be highlighted along with a discussion of an advisor's fiduciary responsibility regarding their clients' life insurance holdings and needs.

Learning Objectives:

The complexity and opaqueness of permanent life insurance and policy illustrations.
The positive attributes and use of these products as well as some of the pitfalls.
The need for periodic policy review to identify and potentially make adjustments to poorly performing policies as well as to stay current regarding a client's financial plan and current needs.
Does an advisor's fiduciary responsibility include a more active role regarding life insurance?

Jay Goldberg, CFP

Founder & CEO

Integris Legacy Solutions

Jay Goldberg is Founder and CEO of Integris Legacy Solutions. His extensive professional background in the financial services sector encompasses guiding teams at a number of the preeminent Wall Street firms and regional banking institutions. Jay was a Founding Partner of Mosaic Advisors, a high-level planning and consulting firm that advised some of the most prominent families and business owners in Texas, prior to establishing Integris. While the firm conducted comprehensive analyses of a family's business and financial matters, Jay developed a particular interest in life insurance, specifically the evaluation and maintenance of current policies. This experience influenced his view that greater transparency is required in the insurance industry with regard to the development, organization, and upkeep of policies for clients. Without modifications, an excessive number of the policies he examined were destined for eventual failure; this insight and experience motivated him to found Integris Legacy Solutions.

A native Houstonian who attended St. John's School, earned a bachelor's degree in economics and international relations from Sarah Lawrence College. After successfully complete coursework at Rice University, he obtained the Certified Financial Planner (CFP®) designation as an integral component of his ongoing education. Jay maintains an active connection to his alma mater, having fulfilled diverse alumnae positions throughout the years. Furthermore, he and his spouse remain committed to acting as foster parents for animals in search of adoption and are avid supporters of animal-related organizations. While not at work, he enjoys traveling, exercising, and following local sports teams.

12:00 PM - 12:30 PM: Lunch & Networking

12:30 PM - 1:20 PM: Domestic Asset Protection Trusts: An Introduction

Not all US states allow clients to establish a self-settled irrevocable trust. Historically, only a third-party could establish an irrevocable trust for someone else’s benefit. One of the best benefits of an irrevocable trust is the asset protection it affords a beneficiary from creditor claims, such as malpractice and negligence lawsuits, divorcing spousal claims, and other creditor claims. Now, a minority of US states have laws allowing for self-settled irrevocable trusts. This allows clients to establish an irrevocable trust for his or her own benefit while transferring the client’s own assets to the trust for purposes of protecting it from creditor claims.

This session will cover the history of domestic asset protection trusts (DAPTs), which jurisdictions offer DAPTs, the best jurisdictions to establish DAPTs, who needs a DAPT, and the mechanics of DAPTs

Learning Objectives:

Understand how Domestic Asset Protection Trusts (DAPTs) came about
Understand which jurisdictions offer DAPTs
Identify the best jurisdictions to establish a DAPT
Understanding what type of client can benefit from a DAPT
Understand the mechanics of a DAPT

Stuart A. Green

Founding & Managing Attorney

Stuart Green Law, PLLC

Stuart is the Founding & Managing Attorney of Stuart Green Law, PLLC.

He began his legal career focused exclusively on estate planning at a regional boutique law firm.

He later focused on tax compliance and planning for Ernst & Young, LLP, an international Big 4 public accounting firm. He gained valuable experience in international, federal, state, and local tax matters working with clients including Fortune 100 companies, business executives, middle-market businesses, and business owners throughout the world.

Before founding his practice, Stuart worked for a boutique high-net-worth estate and tax planning practice serving clients both domestically and internationally.

Stuart routinely counsels clients on advanced asset protection & tax strategies. Stuart loves his job, and considers it an honor to be an attorney and a privilege to serve his clients.

He is licensed to practice law in Kentucky, Pennsylvania, South Dakota, and Texas