Date and Time

Tuesday, February 28, 2012 12:00 PM

Recommended for:

Professional Advisors

Event Summary:

Please join us for the program luncheon "Women, Money and Power," where you will learn valuable insights on how to advise your female clients to best manage their assets, and to prepare for issues related to inheritance.

 Register Now! 

This presentation is part of The Foundation's ongoing series of events aimed at enhancing the services you provide your philanthropic clients.

According to a study entitled, "Millionaires and the Millennium: New Estimates of the Forthcoming Wealth Transfer and the Prospects for a Golden Age of Philanthropy," over the 55 years from 1998 to 2052, a minimum of $41 trillion will pass from one generation to the next. More interestingly, given the life expectancies of women vs. men, the odds are fairly certain that women will inherit most of that $41 trillion first.     

These inheritances may be simple, with just a transfer of cash or marketable securities. Or they may be complex if there are business or real estate holdings in the transfer. 

In most cases, the women who inherit this money will likely have never managed such a large sum. They will also be left to resolve businesses or other assets that they know either very little about, or nothing at all. 

Some of the many scenarios and issues that will be discussed during "Woman, Money & Power" include:   

• You are scheduled to inherit an estate of more than $5,000,000 in liquid assets. How do you manage these so they provide for you and your children?
• Are you charitable?  You may now be in a position to craft relationships that can benefit both you and your children and charities dear to each.
• Let's say you've inherited a family business, and that two of your three kids are involved in running the business.  How does the third child get treated? What if the two involved have differences after the passing of the founder?
• How do you develop an "enlightened" next generation?  What are the tools you will need to help you and that next generation succee

PANELISTS: Our esteemed panel of experts nationally recognized in their fields will help guide you through this maze.  

MELANIE SCHNOLL BEGUN, JD, Managing Director for Philanthropic Services, Morgan Stanley Private Wealth Management

Melanie Schnoll Begun is a Managing Director and Head of Morgan Stanley Private Wealth Management's Philanthropic Services. Melanie has served as a philanthropic counselor to families, foundations and family offices for over 18 years. She works with the firm's ultra-high-net-worth clients to develop areas of focus for their philanthropy, engage multiple generations in their foundation's governance; help clients design customized domestic and international grantmaking portfolios and gift agreements; facilitate giving circles and retreats; and coordinate with clients' tax and legal professionals on the formation of tax-exempt nonprofit organizations as well as their dissolution or merger.  

She is the co-editor of Perspectives in Philanthropy, an MSSB quarterly client journal and has published articles on various tax, estate and charitable planning strategies in Trusts & Estates magazine, Tax Notes Today, Exempt Organization Report and various other trade journals, as well as appeared in publications such as the New York Times, the Wall Street Journal, and The Chronicle of Philanthropy.

JILL DODD, Esq., Partner, Manatt, Phelps & Phillips; Head of the Family Wealth Transfer Planning and Trust and Estate Administration Group

Ms. Dodd's practice focuses on the representation of charitable organizations, and on trusts, estates and wealth transfer planning for very-high-net-worth individuals and families, with a particular emphasis on planned charitable giving. She has extensive experience designing and implementing a variety of sophisticated structures, including family limited partnerships, grantor retained annuity trusts, defective grantor trusts, qualified personal residence trusts, charitable lead trusts and charitable remainder trusts, all designed to transfer assets to heirs and to charities in a tax-efficient manner that respects the values of the families. Ms. Dodd also acts as outside general counsel to charitable organizations of all sizes, from large community foundations to private family foundations.

Ms. Dodd has authored and co-authored numerous books, including most recently Tax-Exempt Financing for Non-Profit Corporations in Advising California Nonprofit Corporations (CEB, 2009). She is also a frequent speaker at related events. In addition, Ms. Dodd was also recently honored by the Daily Journal as one of 2011's "Top Women Lawyers in California."

FRAN LOTERY, PhD, Principal, Relative Solutions

Fran Lotery has more than 30 years of experience working with professional firms, family enterprises, owners of closely-held companies and non-profit institutions on issues of governance, board development, conflict management, organizational change, leadership development, and executive coaching. She is recognized for her strong and creative capabilities in assisting organizations and families with their unique leadership challenges and leadership development initiatives. Fran's interest in leadership development and executive coaching naturally led her to become involved in the Family Enterprise Leadership System© where she currently serves as Managing Director leading research projects and the development of ancillary tools.

Fran co-authored the 1997 Finalist Small Press Book Award book, Live Inside Out Not Upside Down, which focuses on developing personal responsibility and accountability. She has also been a featured speaker on radio, television, professional conferences, and at educational institutions speaking on topics such as leadership succession, creating future leaders, working through conflict, emotional intelligence, and gender differences in leadership.