FROM DESIGN TO EXECUTION: A MULTIDISCIPLINARY DEEP DIVE INTO HIGH-IMPACT CHARITABLE REMAINDER TRUSTS
The Financial Planning Association of Minnesota hosts the Twin Cities Estate Planning Council, the Minnesota Gift Planning Association, and the Exit Planning Institute of the Twin Cities Metro Area for a collaborative professional education and networking event.
A multi-disciplinary panel including expertise in tax, law, financial planning, and charitable gift planning, where the tax professional will drive a presentation, and the other panelists will add their commentary and perspectives. We will begin with a basic CRT overview before moving into discussions around common client/donor profiles that benefit from CRTs, an overview of self-trustee vs community foundation vs charity administration structures, how to collaborate with other professionals to bring CRTs to fruition, and how to present CRTs to clients to understand the impact.
We will then move into more technical discussions with case studies. This will begin with the most common CRT example, a standard CRUT funded with stock. Next, we will cover a real estate-based Flip CRUT. The third section will be NIMCRUTs. We will first explain how NIMCRUTs work and why they can be beneficial, then explain the concepts of SMLL NIMCRUTs (spigot NIMCRUTs).
Agenda
2:45 pm Registration & Networking
3:15 pm Announcements
3:30 pm Program Starts (75 mins)
4:45 pm Happy Hour
5:30 pm Happy Hour Ends
Learning Objectives:
By attending this session, advisors will …
- Explain the structure and strategic use of Charitable Remainder Trusts (CRTs), including common donor profiles, administrative options (self-trustee, community foundation, or charity), and core planning considerations.
- Evaluate and compare different CRT structures—including standard CRUTs funded with stock, Flip CRUTs funded with real estate, and NIMCRUTs (including SMLL/spigot NIMCRUTs)—through applied case studies.
- Develop a collaborative, multidisciplinary approach to implementing CRTs, including effectively presenting CRT strategies to clients and coordinating with tax, legal, financial planning, and charitable professionals to bring complex plans to execution.
Presenters:
Hear from industry experts Kyle Wesely, Eric Munkeby, Chris Kradle, and Luther Ranheim.
Event Details
Who Should Attend?
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Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
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CPAs/Accountants
Owners participating in the State of Owner Readiness research continue to indicate that you are the No. 1 "Most Trusted Advisor." You are a natural fit to lead the exit planning team and deepen your relationship (and retention) of next generation owners.
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Wealth Managers
You’re a skilled relationship person. Being entangled into your clients’ professional lives matters as you build a strategy to manage their wealth upon them harvesting it from their business. Exit planning allows you to build a deeper relationship with your client, expands your COI network, while giving you an early seat at table well before the liquidity event.
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Valuation Analysts
Valuation is both a billable engagement AND an opportunity to provide owners some perspective on how to accelerate value drivers (and deal with value killers). Use exit planning to make that valuation into a longer term value acceleration engagement.
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Investment Bankers
Only 2 of every 10 businesses that come to market actually sell. Learn how exit planning can bring attractive AND ready business to your purview.
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Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
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Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
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Strategic Consultants
One of the most critical roles in exit planning is building transferable value. Strategic consultants have the ability to expand options and drive rapid business value that affect performance today.
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Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
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Mergers & Acquisition Advisors
Proper exit planning causes less deals to fall through at the last minute. Connect with CEPAs to build your healthy deal flow network.
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Commercial Lenders
One of the best relationships a business owner makes is with their banker. How can you help your corporate clients think about the future and ensure financial continuity? Answer: exit planning.
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Family Business Advisors
More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.
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Other Professional Advisors
Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.
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Private Business Owners
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Members of Family Business Boards
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Professional Advisors
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Business Consultants
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Other Business Professionals
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Business Owners
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Business Owners & Their Trusted Advisors
EXIT PLANNING IS GOOD BUSINESS STRATEGY
The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.
ABOUT THE PRESENTER
Kyle Wesely
Kyle is with Wesely & Wesely CPAs, the only CPA firm nationwide explicitly specializing in charitable trusts, and joined his father, Tom, in practice in 2017. He focuses on advanced charitable tax planning and teaches the tax module for the Certified Specialist in Planned Giving designation, while also serving as treasurer of the Minnesota Gift Planning Association and on the Cornerstone Council for the St. Paul & Minnesota Foundation.
Kyle holds degrees in accounting and information systems from Iowa State University and is passionate about helping clients achieve their philanthropic goals through effective tax strategy.
Luther Ranheim
Luther Ranheim is a Gift Planner at the Saint Paul & Minnesota Foundation, where he partners with donors and their professional advisors to bring philanthropic goals to life through thoughtful charitable and estate planning strategies. With more than two decades of experience in fundraising and relationship management, he builds high trust connections across the financial, legal, and tax professions while helping donors and nonprofits create lasting community impact. A South Minneapolis native now living in St. Paul, Luther is an active civic and arts leader who enjoys the outdoors, Minnesota sports, and following the McLaren Formula One team.
Eric Munkeby
Eric has worked in the financial services industry since graduating from the University of St. Thomas in 1990, building a career rooted in entrepreneurship and client focused planning. He and Ken Kramer have grown Munkeby Kramer into a respected firm known for delivering thoughtful, leading edge financial guidance to the families they serve. A Minneapolis native, Eric values faith, family, and community, and enjoys coaching his children, camping, hiking, canoeing, and spending an annual week at the lake creating lasting memories.