7th Annual Fall Forum
Fall Forum 2023 – October 5 & 6
We would like to thank all of our sponsors including our Platinum and Gold sponsors! Without all of them, this event would not be possible. Thank you so much for your contributions to this event!
Below is the agenda for each day of our Fall Forum. We look forward to seeing you there! The link to the presentation materials will be sent to registered participants.
CONTINUING EDUCATION CREDITS
The Fall Forum has been approved as credit for several types of CE.
American Bankers Association (ABA) Professional Certifications has approved 2023 Fall Forum for: 11 CTFA credits. APPROVED NON-ABA CE search for training will appear as: South Dakota Trust Association | South Dakota Trust Association Fall Forum 2023. *Approved program may take up to 7 days after approval to appear in CE Search .
Attendee Instructions to self report for CE Credit
1. Log into certification record at aba.csod.com.
2. Hover over ADD CE CREDIT select APPROVED NON-ABA CE
3. Enter key word(s) from program title or sponsor name and Select program from search results
4. Click Request and when page refreshes click Mark Complete
ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This statement is not an endorsement of this program or its sponsor.
CLE – Iowa has approved 9 hours for the in-person or virtual event.
CLE – Minnesota has approved 9 hours of standard credit. Attorneys wishing to receive credit for this course must report the attendance in their OASIS portal at www.cle.mn.gov.
CFA – Any CFA Charterholders in attendance should reach out to their local society and they can credit this to their CFA Institute profile. They usually equate one hour of presentation + Q/A = 1 CE Credit.
7:15 - 8:15 AM
Breakfast & Registration
8:15 - 8:45 AM
8:45 - 10:00 AM
SD Division of Banking: 2023 Updates, Audit Highlights and Cyber-Security/Crypto Asset Guidelines | Matt Schlechter, Brad Pesicka, Chase Koskovich & Jonathon Sanborn
Examiners from the South Dakota Division of Banking will be discussing the trust company audit process, BSA, SAR and compliance guidelines, along with timely issues related to cybersecurity and crypto assets.
10:00 - 10:15 AM
10:15 - 11:05 AM
Scary Stories for the Corporate Trustee: Litigation Issues and How to Avoid Them | Krista Eckhoff
This session will explore scary situations that corporate trustees have found themselves in, and provide tips for how to avoid them. Krista will provide examples from her practice and recent court decisions, to help you address the nightmare scenarios that can keep you up at night.
11:15 AM - 12:05 PM
Private to Public: Risk Management of South Dakota Trust Companies | Panelists: Judith Pearson, Patrick Goetzinger & Ashley Blake
The panel will explore how the laws, specific to South Dakota, provide a broad platform for families to create flexible trust structures while minimizing cost and liability. The panel will also discuss options to reduce risk, how private trust companies can maintain family involvement in their structures, and the implication of risk and insurance for private and public trust companies.
12:05 - 1:00 PM
1:00 - 1:50 PM
The Importance of BSA Compliance & Common Pitfalls | Matthew Browne, FinCEN
In this session, Matthew Browne, Section Chief within the Enforcement Division of FinCEN, will discuss the importance of BSA compliance and common pitfalls.
2:00 - 2:50 PM
Serving as Trustee of Foreign Trusts: Planning Opportunities, FATCA, and Advantages Over Offshore Trust Companies | Jennie Cherry
In this session Jennie Cherry will describe a planning scenario attractive to non-US wealth generators with US descendants centered around a foreign grantor trust with a SD trust company trustee. She will then discuss the specific responsibilities for the trust company when serving as trustee of a foreign trust, including FATCA status, due diligence and reporting; income tax status and W-8 forms; and CRS Controlling Persons. Finally, Jennie will provide insights into the business opportunities of onshore foreign trusts.
2:50 - 3:05 PM
3:05 - 5:00 PM
Student Speed Interview Sessions & Student Panel | Panelists: Andrew Bergan, Dianne Harris, Emma Stueck
Post-secondary students will have an opportunity to learn more about the trust industry as well as participate in speed interviews with SDTA member organizations.
3:05 - 3:55 PM
Family Office Governance: Putting the Family Back in the Family Office or Dynastic Family Business | Roey Diefendorf
Is our job really complete if we merely prepare the money for heirs? Learn about the critical next step to “prepare the heirs for the money” (and their more than money wealth). This “FamTec” (family + technology) solution is the tool to truly integrate the rising generations into the family office/family business.
4:00 - 5:00 PM
Heads I Win, Tails You Lose: Advising the Wealthy in Times of Protracted and Unprecedented Political, Economic, Cultural and Scientific Change | Joshua Rubenstein
Observations on how difficult it has become to do estate planning and wealth preservation for clients when the rules change constantly. This session covers tax changes in the US and abroad (as they impact one another), enforcement changes leading to new reporting requirements, changes in access to information, changes in the nature of families, and changes in the frequency of intra-family litigation. A review of what changes are likely in transition, which will return to “normal”, and which changes are here to stay – how do we best advise in the meantime?
4:00 - 5:00 PM
Student Panel & Speed Interviews | Panelists: TBA
Student attendees will have an opportunity to learn more about a career in the trust industry as well as participate in “speed interviews” with SDTA member organizations. Organizations asked to pre-register to participate.
5:00 - 7:00 PM
Cocktail Hour / Networking Social Sponsored by RSM (In Person Only)
Presented by the South Dakota Trust Association