The Houston IMA Chapter will meet Tuesday, May 21st at the Magnolia Hotel, 1100 Texas Avenue, Houston, Texas.
1.5 CPE hours for both CMAs and CPAs are provided. Attendees must sign in and out and be present for the presentation in order to receive CPE credit. Houston IMA is a registered CPE sponsor with the Texas State Board of Public Accountancy (TSBPA). This registration does not constitute an endorsement by the board as to the quality of our CPE program.Please register by Friday, May 17th in order to avoid late registration fees.
- 5:30 PM Check-in for Dinner & Presentation
- 6:30 PM Speaker Presentation & Dinner
- 7:45 PM Announcements
- 8:00 PM Networking
Cost - Dinner Meeting
- Cancellation, please e-mail email@example.com as soon possible. Refunds will not be made for cancellations made after 12:00 noon on Friday, May 17th. If you do not cancel prior to the deadline, you will not receive a refund for the event.
Professional Development Session - "Solutions for Small Businesses with Life Insurance –Planning after the Tax Cuts and Jobs Act of 2017"
- $40 members with reservations by May 17th, and $45 for registration after the deadline
- $35 students & academics with reservations made by May 17th
- Payment - Cash or check only at the door or in advance by credit card.
Objectives: To gain a fundamental understanding of:
Prerequisites: None This program will consist of a presentation, requiring no advance preparation. About the Speakers:
- The impact of the 2017 TCJA on planning for small business owners and key employees, and offer insights on how CPAs, other financial services professionals, can proactively identify client needs and develop effective solutions funded with life insurance policies.
- The role of life insurance as an effective funding solution to manage certain primary risks that business owners face, such as death or disability of an owner or employee, or possibility of a key employee quitting the business, lured away by competitor or abruptly resigning or retiring.
- The major planning concepts and techniques designed for small business owners and employees, that incorporate life insurance as a funding vehicle.
- Buy-Sell agreements, funded with life insurance, to protect against the risk of an owner’s unexpected death.
- Key Person insuranceto protect the business from economic loss in the event of the unexpected death of a Key Employee whose contributions are critical to the ongoing success and profitability of the business.
- Bonus Arrangements and Nonqualified Deferred Compensation arrangements, funded with life insurance, to provide an effective retention program, i.e. to provide incentives (and disincentives) encourage top managers and employees to remain loyal and productive in the enterprise, especially at a time of tightening job markets and rising wages.
Dick has led Protective’s Advanced Sales Team since 2008. His extensive background include Congressional and Federal regulatory positions, private law practice, and corporate law departments. His broad law and tax expertise extends to estate and business planning; sophisticated trusts; retirement plans; executive benefits; charitable gifts; and various specialties of insurance taxation, product knowledge, and case design.
Education. Dick is a Princeton graduate. After serving with the U.S. Army 4th Infantry Division, he earned his law degree at The University of Wisconsin Law School where he served as Editor, Wisconsin Law Review Notes & Comments; and later was awarded the Master of Laws in Taxation (LL.M.) from The National Law Center of George Washington University.
Experience. After law school, he served as Staff Counsel for the U.S. Senate Judiciary Committee, as Trial Attorney with the U.S. Civil Aeronautics Board, and as Corporate Attorney with Texas International Airlines in Houston. After completing his LL.M. degree program, Dick entered private practice in firms in New Orleans and Northern Virginia. Dick joined the insurance industry in 2000 with Acacia Mutual Life, before leaving to organize and develop Protective’s Advanced Sales Team in 2008.
Douglas has been part of the Private Wealth team at Hancock Whitney Bank since 2017, and is responsible for investments and insurance across Houston and Beaumont. Prior to his current role, he worked at JP Morgan Chase Bank for 11 years as a Private Client Advisor.
In the evenings and while working at JP Morgan Chase, Douglas completed his Bachelor of Business Administration degree at the University of Houston – Downtown in 2014, and moved on to obtain his Certified Financial Planner™ designation a year later. Most recently he graduated with his M.B.A. from the University of Houston in December of 2018.
In his spare time, Douglas actively plays soccer, trains in Brazilian Jiu Jitsu, and spends time with his two sons.
The Houston Chapter of IMA is registered with the Texas State Board of Public Accountancy (TSBPA) to offer CPE to CPAs (ID #005541).