It’s your money: how to prosper in today’s economy and beyond protecting your assets and privacy from life’s unexpected events roundtable part 2
Life’s sudden, unexpected events pose the greatest risk to financial security, privacy and maintaining acquired wealth. Many people will unexpectedly find themselves in precarious financial positions at some point due to a failure to anticipate events that result in financial ruin. Considering the effects of the economic downturn, how can we justify not taking the necessary steps to assure further declines are minimized if not all together eliminated? Join Bill Faiferlick and his guests, Pat Felix, an estate & tax attorney, John Raspante, CPA & Director of Compliance and Risk Management & Education for Graf Repetti, and Ray Ellis, retired Cleveland Browns player and Peter Lohrey, Phd, AVA, CDBV, is the Director of Business Valuation & Litigation Support Services for Graf Repetti & Co., LLP. for a discussion on protecting your assets. This show highlights the necessity of managing risk differently to ensure accumulated wealth is adequately protected and can last a lifetime.
Patrick J. Felix, Tax and Estate Planning Attorney, US
Mr. Felix practices estate planning through the law firm of Patrick J. Felix III, P.C. in Florida, Pennsylvania, Ohio and West Virginia and through Patenaude & Felix, APC in San Diego, California. Mr. Felix earned his J.D. in 1984 from the Duquesne University Law School in Pittsburgh, Pennsylvania and his LL.M. in 1986 (masters in taxation) from the Georgetown University Law Center. For 25 years, Mr. Felix has practiced tax and advanced estate planning specializing in living trusts, irrevocable life insurance/gifting trusts, dynasty/ generation-skipping trusts, family limited partnerships, charitable giving, the integration of retirement benefits into an estate plan and the utilization of domestic and international life insurance for advanced estate planning. Mr. Felix has hosted his own radio show and has also authored numerous articles and was a contributing author to The Life Insurance Answer Book.
John F. Raspante, CPA, MST, CDFA, holds dual roles as Director of Compliance, Risk Management and Director of Education for Graf Repetti & Co. LLP, Certified Public Accountants & Business Advisors. Prior to Graf Repetti, Mr. Raspante worked 9 years for CAMICO Mutual Insurance Company, the nation’s second largest provider of accountants’ professional liability insurance providing loss prevention services to the organization’s largest insured’s. His professional affiliations include the American Institute of Certified Public Accountants and 12 state accounting societies. He serves on NYSSCPA’s Compilation and Review Committee, NJSCPA’s Editorial Board, the Accounting and Auditing interest group, and the National Conference of CPAs’ Ethics Committee. Mr. Raspante is a frequent author and speaker on issues relating to risk management and professional ethics. He earned a B.B.A. in accounting from Baruch College (CUNY) and a master’s degree in tax from Washington School of Law.
Dr. Peter Lohrey, PhD, AVA, CDBV
Peter L. Lohrey, PhD, AVA, CDBV, is the Director of Business Valuation & Litigation Support Services for Graf Repetti & Co., LLP. He has over 20 years of experience with valuation, mergers and acquisitions, loan workouts, and expert witness matters pertaining to litigation. He provides valuation services to accounting firms, corporations (publicly traded & privately held), family owned businesses, financial service companies, private equity firms, securities firms, attorneys & bankers. Previously he was the Director of Litigation and Valuation Services at a New York City consulting firm. He also worked at the Office of Economic Analysis at the U.S. Securities and Exchange Commission (SEC). He was an Associate Professor at Central Connecticut State University and St. Norbert College. He has a PhD in Finance & Accounting from George Washington University, a MS in Finance and an MBA from Loyola University in Maryland, and a BS in Business Administration from University of Delaware.
Ray Ellis, Talk Show Host, Phoenix, US
Ray Ellis, raised in Canton, Ohio has been a Browns’ fan all his life – which makes sense that he would have a successful career as a Browns Strong Safety. Ellis, a four-year letterman at Ohio State, won All-Big 10 honors with five interceptions as a senior defensive co-captain. He went on to play for the Philadelphia Eagles in 1981 and in 1986 joined the Cleveland Browns. Ellis’ career stats include: 427 tackles, 14 interceptions, nine fumbles caused, six recovered fumbles, three quarterback sacks and three blocked punts. Since leaving the Browns, Ellis has been active in both business and community, most recently as Chief Operating Officer for People for People, a non-profit corporation in Philadelphia whose mission is to educate underprivileged youth and young adults. Ellis has also been active with the Big Brothers/Big Sisters, Special Olympics, United Way, United Negro Fund and the National Center for Missing Children. Ellis now resides in Phoenix, AZ with his wife, Darice.