Client Care Program Event - 529 College Savings Plans and Understanding Financial Powers of Attorney

Our special guest presenter is Mr. Alex Seleznev, MBA, CFP®, CFA, Founder and President of Capital Squared Financial. Mr. Seleznev has a distinguished and client-centered background in the financial planning and financial services arena. He discusses 529 college savings plans in depth, and his presentation synopsis is as follows:
“529 college savings plans stand out as highly versatile tools for securing your children's and grandchildren's educational future. In your Client Care Program presentation, we'll explore the advantages and different strategies associated with incorporating these plans into your planning process. Additionally, we'll discuss the integration of 529 plans into your overall estate plan, providing a comprehensive approach to financial and legacy planning.”
The second portion of the presentation will be offered by Mr. Stephen Elville, Managing Principal of Elville and Associates, and Mr. Gary Greenwald, Principal of The Law Offices of Gary Greenwald. Steve and Gary will be discussing the important changes related to the new Maryland law governing statutory powers of attorney (POA) that went into effect October 1, 2023 - and much more regarding arguably the most important of all legal documents.
A synopsis of their presentation is below:
“Financial powers of attorney continue to proliferate in estate, elder care, and special needs planning, and in business planning and all types of financial, tax, and estate-related planning. It is important that clients understand the scope and purposes of powers of attorney, along with fiduciaries and the trusted agents who are appointed, so that this singularly powerful legal document serves the proper and legitimate purposes it is designed for in each case. And, that the associated risks and application are understood to the greatest extent possible through client and fiduciary education.
“In this Client Care Program presentation, we will focus on the following points of interest:
The origins and evolution of financial powers of attorney;
The general design of financial powers of attorney;
How financial powers of attorney fit into and relate to various estate plans;
The risks associated with financial powers of attorney;
The Maryland Power of Attorney Act;
The newly updated Maryland Statutory Power of Attorney;
Notes to Fiduciaries - what to do at a time of crisis, and how to exercise your powers as agent”