MINUTES OF THE FRASER VALLEY ESTATE PLANNING COUNCIL DIRECTORS MEETING – MARCH 4, 2008 @ 8:30 AM

 

Present:           Rosalyn Manthorpe, Charlene Taylor, Karl Maier, Carey Vandenberg, Anne George, Pam Prior (by telephone)

Regrets:           Richard Wenner

 

  1. Confirmation of Agenda:

The agenda was confirmed.  Karl volunteered to take the minutes of this meeting.

 

  1. Approval of Minutes:

The January meeting minutes were amended and then approved as amended, to add more financial information in the Treasurer’s report.

 

  1. President’s Reports:

Nothing to report.

 

  1. Vice President’s Reports:

Nothing to report.  We decided on a thank-you gift for next week’s speaker.

 

  1. Treasurer’s Report:

$8,346 in the bank as at March 4, 2008.  Projected revenues for the remainder of the fiscal year have been estimated at $80.  Projected costs for the remainder of the fiscal year have been estimated at $2,560, with the projected year-end (April 30) bank balance of $5,866.  Overall, projected revenues for the fiscal year of $14,175 and expenses of $14,175, resulting in a projection that we will break even in 2007/8.

 

  1. Membership Report

Report deferred until next meeting.  Initial member feedback about shuffling table seating is positive, and Charlene will organize the shuffle at future meetings.

 

  1. Program Committee Report

Carey Vandenberg presented a partial list of speakers, as follows:

September       Barry LaValley           “Transitioning into your retirement lifestyle”

November       David Ingram              “Cross border issues”

January            Ian Baker                    “IPPs and RCAs”

March              TBA                            TBA

May                 Dan Muzyka               TBA

 

We discussed the list, including the following ideas:

·        Asking David Ingram to include the new 5th Protocol to the Canada-US Tax Treaty in his presentation (it should be ratified in the US by that time)

·        Making the January presentation into a panel, with an accountant (Pam Prior) and lawyer (TBA) to discuss alter-ego and joint partner trusts in addition to IPPs and RCAs

·        Holding our joint meeting with the CAGP in November (moving David Ingram to March) or in March, with the topic a discussion of the various new charitable foundations, including short presentations by reps of several foundations.

·        Finding a topic for Dan Muryka.

Carey will continue working on next year’s program, with a view to finalizing it at our next meeting, before the Annual General Meeting in May.

  1. New Business

We continued our discussion about ensuring the future of the organization. We acknowledged that our members expect to receive continuing education (CE) credits, so it is important that the presentations qualify for CE credits.  We also agreed to add member recruitment to the public affairs executive position, so that the member services position can focus on serving current members and in particular, delivering CE credits.

 

Regarding the 2008/9 board, all the current board members are willing to serve another year.  There will be two vacant positions (vice-president and program), so at the next meeting Karl will invite members to express interest in joining the board.

 

The issue of getting more member feedback was raised and tabled.

           

  1. Future Meetings

Board of Directors Meeting                         Dinner Meetings

                                                            March 11, 2008

May 13, 2008                                                  May 20, 2008 (AGM)