41st Annual

August 17 - 19, 2020Sheraton Overland Park Hotel

& Overland Park Convention Center

Overland Park, Kansas

MOKAN Trust & Financial Services Conference

CONFERENCE SPONSORS

______________GOLD SPONSOR_____________

__________PLATINUM SPONSORS__________

____________DIAMOND SPONSOR___________

CONFERENCE SPONSORS

____________SILVER SPONSORS____________

CONFERENCE SPONSORS____________BRONZE SPONSORS___________

Conference at a GlanceMONDAY, AUGUST 17 ____________________

9 a.m. – 4 p.m. Conference Registration10 – 11 a.m. General Session10 a.m. – 3:30 p.m. Trade Show Opens11 a.m. – 12 p.m. Lunch Buffet12 – 1:15 p.m. Welcome & Call to Order Opening Keynote Speaker1:15 – 1:45 p.m. Refreshment Break 1:45 – 2:45 p.m. Concurrent Breakout

Sessions2:45 – 3:15 p.m. Refreshment Break 3:15 – 4:15 p.m. Breakout Sessions Repeat4:30 – 5 p.m. Association Meetings5:30 – 6:30 p.m. Business Partners

Reception

TUESDAY, AUGUST 18 ____________________

7:30 – 8:30 a.m. Breakfast7:30 a.m. – 4 p.m. Registration Desk Open8 a.m. – 2:15 p.m. Exhibit Hall Open8:30 – 9:45 a.m. Welcome & First General

Session9:45 – 10:15 a.m. Refreshment Break10:15 – 11:15 a.m. General Session11:30 – 12:30 p.m. Lunch12:30 – 1:30 p.m. General Session 1:30 – 2 p.m. Introduction of Business

Partners & Announce Vendor Door Prize Drawings

2 – 2:15 p.m. Refreshment Break Trade Show Ends2:15 – 3:15 p.m. Breakout Sessions3:15 – 3:30 p.m. Refreshment Break3:30 – 4:30 p.m. Breakout Sessions

Repeat 4:30 – 5:30 p.m. Reception

WEDNESDAY, AUGUST 19 _________________

7 – 11:15 a.m. Registration Desk Open7 – 7:45 a.m. Buffet Breakfast7:30 a.m. Grand Prize Drawing8 – 9 a.m. General Session9 – 10 a.m. General Session 10 – 10:15 a.m. Refreshment Break10:15 – 11:45 a.m. General Session11:45 a.m. Adjourn

CONTINUING EDUCATION CREDITS ________The program will be submitted to the following for continuing education credits approval:

CLE

Arkansas, Iowa, Kansas, Missouri, Nebraska, Oklahoma

CFP

CTFA, CISP, CRSP

Missouri Insurance CreditsKansas Insurance Credits

CPE Credits

The Missouri Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy

have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website nasbaregistry.org.

Once approved, the continuing education credits will be available on the following websites:

www.mokantrustconf.com

www.mobankers.com

www.iatrust.com

Information will also be available at the conference. For information regarding credits, please contact Cheri Messerli at the Missouri Bankers Association by phone (573) 636-8151 or e-mail cmesserli@mobankers.com.

MONDAY, AUGUST 17 _________________________________________________9:00 a.m. – 4:00 p.m. Conference Registration

10:00 – 11:00 a.m. Bonus Session Topic

The Zig Zag of Cannabis, Trust and Investment

Michael Daly, Director of Risk Management and OperationsPohl ConsultingIt’s there behind the haze, a growing interest in cannabis as a product, as a business, and as an investment. Is the grass getting greener in this budding new industry?

More than half of Americans live in states where medical or recreational marijuana is legal, and when CBD products are factored in, the number is much higher. For a fiduciary, particularly those regulated and insured by national agencies, marijuana related businesses and marijuana related investments present a dilemma. State marijuana laws conflicts with federal policy, and that creates a challenge for banks and trust companies.

Although there is no clear roadmap, this session will explore the pot holes of marijuana related business and investment. It will provide both legal context and trends, as well as the practicalities of how to plan for and protect investment and reputation.

10:00 a.m. – 3:30 p.m. Exhibit Hall Opens

11:00 a.m. – 12:00 p.m. Buffet Lunch in Exhibit Hall

12:00 noon Welcome & Call to Order

12:15 p.m. – 1:15 p.m. Opening Keynote Session

Functional Fiduciary Liability Reduction

Professional fiduciaries are compensated for an ability to administer documents in an impartial manner. Risk is an inherent part of the administration process. With the addition of counsel wellversed in the nuances of representing fiduciaries, some of the inherent risk to the professional fiduciary can be mitigated. Although at times counter-intuitive, fiduciary litigation can often prevent fiduciary liability. Ms. Van Loon and Mr. Hodges will discuss the best practices for managing fiduciary risk prior to and during litigation, preventing fiduciary litigation during the drafting of documents, the creation of a cross-functional fiduciary litigation team and the appropriate use of outside counsel. Among the specific items addressed include: drafting for special assets, the inclusion of exculpatory clauses within estate planning documents, the strategic use of family settlement agreements, applications to the Court to limit liability, preemptive filing, outside counsel staffing, preparing for testimony by the professional fiduciary, and compensation of the fiduciary.

A G E N D A

Robert D. HodgesBrown Winick Law Firm

Haley Van LoonBrown Winick Law Firm

A G E N D A1:15 p.m. – 1:45 p.m. Refreshment Break in Exhibit Hall

1:45 p.m. – 2:45 p.m. Concurrent Breakout Sessions

Quicksand! Ethical Hazards for Trust Officers and Fiduciary Services Companies

Robert Kirkland Alice HaseltineKirkland Woods & Kirkland Woods & Martinsen LLP Martinsen LLPThe purpose of this presentation is to present several real-life scenarios to the audience and encourage discussion of the appropriate way to handle each such scenario. The scenarios will involve issues of conflicts of interest, multiple generation representation, confidentiality, communications, and having a cheat for a client/customer. We strongly encourage the input of those in the audience in arriving at the appropriate response!

Planning for the End of the Stretch IRA

Christopher R. HoytProfessor of LawUniv. of Missouri (Kansas City) School of LawThe SECURE Act made many changes to the rules that govern retirement plans, including a new higher age for required minimum distributions (age 72) and greater flexibility for 401(k) plans. This session will examine the new rules, focusing on planning strategies to cope with the new requirement that most (but not all) inherited retirement accounts will have to be liquidated within ten years after the death of the account owner.

Third Breakout Session Topic to be Determined

2:45 p.m. – 3:15 p.m. Refreshment Break in Exhibit Hall

3:15 p.m. – 4:15 p.m. Breakout Sessions Repeat

4:30 p.m. – 5:00 p.m. Association Meetings

5:30 p.m. – 6:30 p.m. Business Partners Reception in Exhibit Hall

Invited

TUESDAY, AUGUST 18 _________________________________________________7:30 a.m. – 8:30 a.m. Breakfast

7:30 a.m. – 4:00 p.m. Registration Desk Open

8:00 a.m. – 2:15 p.m. Exhibit Hall Open

8:30 a.m. – 9:45 a.m. Welcome & General Session

2020 - The Year of Living Dangerously (Economically Speaking)

Chris Kuehl Armada Corporate IntelligenceThe year has gotten off to a pretty solid start and confidence levels are high among consumers, investors and the overall business community. Will this last? As a “dismal scientist” it is important to look for the problems on the horizon. Is there a chance for recession? Inflation? Will trade wars have a bigger impact? What happens with global growth? Is unemployment going up or will labor shortage still be the big issue. Most importantly, how does all this affect the banking and financial communities?

9:45 a.m. – 10:15 a.m. Refreshment Break in Exhibit Hall

10:15 a.m. – 11:15 a.m. General Session

Federal Tax Update

Samuel A. DonaldsonGeorgia State University College of LawThis informative and entertaining presentation recaps the important cases, rulings, regulations, and legislation from the past 12 months related to federal income, estate, and gift taxes. Specific topics to be addressed will likely include the SECURE Act, the final “clawback” regulations, and state taxation of nonresident trusts.

11:30 a.m. – 12:30 p.m. Lunch

12:30 p.m. – 1:30 p.m. General Session

To Catch a Spy: The Art of Counterintelligence

James OlsonBush School of Government and Public ServiceTexas A&M UniversityJames Olson, former chief of CIA counterintelligence, will take the audience into the world of espionage as he lived it during his 31-year undercover career. His presentation focuses on “traitors I have known” as he discusses his personal experiences with American spies who betrayed our country for money, ego or sex. Olson will answer questions about his career, the CIA, current events or anything else on the audience’s mind.

1:30 p.m. – 2:00 p.m. Introduce Business Partners & Announce Vendor Prize Drawings

A G E N D A

A G E N D A2:00 p.m. – 2:15 p.m. Refreshment Break in Exhibit Hall

2:15 p.m. – 3:15 p.m. Concurrent Breakout Sessions

Planning for Unique Assets

Jeffrey D. Keiser Michael Barnes Managing Director, Wealth Director of the Sports Arts Solutions Group Entertainment U.S. Trust, Bank of America ANDERSPrivate Wealth ManagementThis presentation will blend the legal and practical aspects of handling our client’s various collections. We will discuss issues surrounding the catalog and storage process, insurance requirements and the valuation steps to ensure a proper sale or other transfer. Michael Barnes will share his experiences working on many high profile collections and Jeff Keiser will outline the fiduciary challenges that are faced in handling these collections. This session will present useful planning, administration and disposition techniques, with particular attention on assets that pose unusual risks for trustees.

Greasing A Trust’s Squeaky Wheel

Lauren WolvenLevenfeld Pearlstein, LLC Chicago, ILAddiction and mental health issues present significant risks to family wellbeing and wealth preservation, and recent research suggests higher incidence of these issues within affluent communities. These beneficiaries oftentimes disrupt and modify the family dynamic, sometimes even in ways that are not readily apparent. This presentation will address techniques for working with beneficiaries who face mental health or substance abuse challenges, autism spectrum and other executive functioning disorders.

CLE goals: (1) To learn signs that might indicate substance abuse, mental health or special needs issues in clients/beneficiaries. (2) To understand the way that a beneficiary’s own difficulties can impact the family as a whole. (3) To learn techniques for working with beneficiaries facing substance abuse, mental health or special needs issues. (4) To acquire drafting techniques to reduce opportunities for conflict within families.

End of Life Planning

Emily A. Donaldson, CELAStevens & Brand, LLPThis session will focus on the statutory requirements for both Kansas and Missouri regarding advanced directives, including Health Care Powers of Attorney, Living Wills, and end of life decision-making. Case studies will highlight the role the trustee, as financial decision-maker, plays in this process and the differences between agent and guardian limitations and authorities. Come prepared to discuss death and dying and all its complexities.

3:15 p.m. – 3:30 p.m. Refreshment Break

3:30 p.m. – 4:30 p.m. Repeat Breakout Sessions

4:30 p.m. – 5:30 p.m. Evening Reception

WEDNESDAY, AUGUST 19 _____________________________________________7 – 7:45 a.m. Buffet Breakfast

7:30 a.m. Grand Prize Drawing

8 – 9:00 a.m. General Session

Trusts as Beneficiaries of IRAs

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASLPinnacle Advisory GroupAs the use of trusts in estate planning becomes increasingly popular for both tax and non-tax reasons, and clients continue to accumulate more and more assets in retirement accounts, the use of trusts as beneficiaries of IRAs is increasing desirable and necessary. Unfortunately, though, the rules pertaining to IRAs payable to a trust after death are complex and challenging. In this session, we will explore the unique requirements for IRAs to preserve and maximize their tax deferral after death when a trust is the beneficiary, with details about the rules for trusts to qualify for the IRA’s post-death tax deferral “stretch,” how to calculate the actual post-death required minimum distributions for the trust, and examples of specific wording from sample trusts.

A G E N D A

A G E N D A9 – 10:00 a.m. Expanding the Framework of Safe Withdrawal Rates

Michael E. Kitces, MSFS, MTAX, CFP®, CLU, ChFC, RHU, REBC, CASLPinnacle Advisory GroupDetermining a “safe” amount of retirement spending is an increasingly popular topic amongst financial planners, yet a great deal of confusion exists about the current state of research and how it should be applied. In this session, we will explore the evolution of safe withdrawal rate research, from its starting point with Bengen almost 20 years ago, to the subsequent breadth of additional research on the impact of factors like expenses, taxation, varying time horizons, greater diversification, spending flexibility, annuities, and more. Ultimately, the outcome is a richer framework for determining safe sustainable spending levels for clients, adapted to the individual’s own circumstances.

10:00 – 10:15 a.m. Refreshment Break

10:15-11:45 a.m. General Session

The Challenge Ahead and Today’s Obstacles

Clay Nickel, CPM® Senior Vice President, Director of Investment Strategy Arvest Wealth Management/Investment Management GroupIn this session, we will take a look at market outlook from an economic, equity, fixed income and asset allocation perspective. We will also cover the implications of a lower return environment with a 10 year return forecast, how this effects trust beneficiaries and investment clients and how to communicate these expectations and options to your clients. Lastly, we will discuss the basics of behavioral finance and how to better educate our clients.

11:45 a.m. Adjourn

REGISTRATION INFORMATION ____________________________________________

First Registration ..................................... $465

Additional Registration ........................... $390

7 or more Registrations .......................... $375

Hardcopy of Conference Materials ......... $100

Guest ...................................................... $180

Non-Sponsoring Vendor* ....................... $915

* Applies to vendors who are not sponsoring an event at the conference. This is not a trade show fee.

Fees include all meals, receptions, refreshment breaks, and conference materials.

The cost of meals and refreshments in the registration fee for this meeting is $180. This information is provided for your institution’s tax records, in keeping with the IRS 50% deductible provisions under Section 274(n) of the Internal Revenue Code.

Cancellation Policy - A full refund will be made for cancellations received on or before Thursday, August 6. An administrative fee of $70 per canceled registration will be retained after Friday, August 7. Cancellations will not be accepted after Monday, August 10, and no refunds will be given. Substitutions are always permitted. Advance conference financial commitments necessitate this policy.

Attendance Policy - To preserve the integrity of our registration process, no one will be admitted into the conference sessions, exhibit hall or other events without a name badge. Your name badge will serve as your official ticket to all events.

Make checks payable to “MOKAN Conference Association, Inc.” and send with completed enrollment form to:

LeAnn Mott Phone (785) 232-3444Kansas Bankers Association FAX (785) 272-8392 P.O. Box 4407Topeka, KS 66604

Walk-in registrants must pay registration fee by credit card or check. NO INVOICING. Registrants enrolling the day of the conference will not be guaranteed a place at meal functions.

SPOUSE PROGRAM______________________________________________________

The spouse fee of $180 covers all meal functions each day. Spouses and guests are also welcome to attend all general and breakout sessions.

DRESS ATTIRE __________________________________________________________

Business casual is recommended for all sessions. Remember, meeting room temperatures and personal comfort zones vary widely. It is recommended that you bring a sweater or jacket to the sessions.

GENERAL INFORMATION

HOTEL INFORMATION ___________________________________________________

Before July 16, 2020, make your hotel reservations directly with:

Sheraton Overland Park Hotel 6100 College Boulevard Overland Park, KS 66211

Call the Sheraton Direct Reservations number 866-837-4214 to make your room reservations. Ask for the MOKAN Trust Conference rate.

Room Rates: (Rates increase after July 16, 2020)

$174 single or double occupancy, per room, per day, plus taxes.

$184 triple occupancy, per room, per day, plus taxes.

$194 for quadruple occupancy, per room, per day, plus taxes. Maximum of 4 adults per room.

The block of rooms will be held until July 16 or until the block is full for the rates listed above, at which time all unreserved guest rooms in the MOKAN block will be released for sale to the public. Following that date, reservations will be accepted on a space-available basis at a higher rate. EARLY RESERVATIONS ARE ENCOURAGED. Indicate that you will be attending the MOKAN Trust Conference in order to be assured of receiving the negotiated room rate.

STAFF CONTACTS _______________________________________________________

Kansas Bankers Association Brenda L. Unruh, AAP Email: bunruh@ksbankers.comKansas Bankers Association Phone: (785) 232-3444 P.O. Box 4407Topeka, KS 66604

LeAnn Mott Email: lmott@ksbankers.comKansas Bankers Association Phone: (785) 232-3444 P.O. Box 4407Topeka, KS 66604 Missouri Bankers AssociationCheri Messerli E-Mail: cmesserli@mobankers.comMissouri Bankers Association Phone: (573) 636-8151P.O. Box 57Jefferson City, MO 65102

REGISTRATION DESK SCHEDULE ___________________________________________

Monday, August 17 ............. 9 a.m. - 4 p.m. Tuesday, August 18 ............. 7:30 a.m. - 4 p.m.Wednesday, August 19 ....... 7 a.m. - 11:15 a.m.

GENERAL INFORMATION

REGISTRATION FORM2020 MOKAN TRUST & FINANCIAL SERVICES CONFERENCE REGISTRATION FORM

August 17-19, 2020 – Sheraton Overland Park Hotel – 6100 College Blvd. – Overland Park, KSPlease TYPE or PRINT appropriate section(s) below. Deadline for printed badges is Monday, August 10th.

REGISTRATION FEES _____________________________________

(ALL REGISTRANTS WILL HAVE ACCESS TO DIGITAL APP)

First Registration ....................................$465 # _____ $ ________

Additional Registration ..........................$390 # ______ $ ________

7 or more Registrations .........................$375 # ______ $ ________

Hardcopy of Conference Materials ........$100 # ______ $ ________

Guest ..................................................... $180 # ______ $ ________

Non-Sponsoring Vendor* ......................$915 # ______ $ ________

Total amount due ............................................................. $ ________

*Applies to vendors who are not sponsoring an event at the conference. This is not a trade show fee.

PAYMENT ______________________________________________

Check enclosed, payable to MOKAN Conference Association, Inc.

Credit Card Payment (Please type or print.)

VISA MasterCard Amex

Exp. Date ______________________________________________

No. ___________________________________________________

Type Name ____________________________________________

Signature ______________________________________________

(I agree to pay the above total amount)

MAIL, FAX OR EMAIL REGISTRATION FORMS TO _______________

Kansas Bankers Association Phone 785-232-3444ATTN: LeAnn Mott FAX 785-272-8392P.O. Box 4407 lmott@ksbankers.comTopeka, KS 66604

CANCELLATION DEADLINES ________________________________

A full refund will be made for cancellations received on or before Thursday, August 6. An administrative fee of $70 per canceled registration will be retained after Friday, August 7. Cancellations will not be accepted after Monday, August 10, and no refunds will be given. Substitutions are always permitted. Advance conference financial commitments necessitate this policy.

FIRST REGISTRANT ________________________________________

Name ___________________________________________________

Title ____________________________________________________

Institution _______________________________________________

Address _________________________________________________

City/State/Zip ____________________________________________

E-mail __________________________________________________

Check one: Opt In Opt Out to share my email and phone with all other conference attendees via printed material or digital app.

Guest Name* ____________________________________________

ADDITIONAL REGISTRANT __________________________________

Name ___________________________________________________

Title ____________________________________________________

Institution _______________________________________________

Address _________________________________________________

City/State/Zip ____________________________________________

E-mail __________________________________________________

Check one: Opt In Opt Out to share my email and phone with all other conference attendees via printed material or digital app.

Guest Name* ____________________________________________

ADDITIONAL REGISTRANT __________________________________

Name ___________________________________________________

Title ____________________________________________________

Institution _______________________________________________

Address _________________________________________________

City/State/Zip ____________________________________________

E-mail __________________________________________________

Check one: Opt In Opt Out to share my email and phone with all other conference attendees via printed material or digital app.

Guest Name* ____________________________________________

*A guest is a spouse, significant other, or friend who is not in a financial services occupation and will be attending events, meals,

and receptions with you. Official name badges required for all events.