I. Richard Ploss
Counsel
Morristown, NJ/Princeton, NJ
973.889.4087
irploss@pbnlaw.com
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I. Richard Ploss is Counsel to Porzio, Bromberg & Newman P.C. and a member of the firm's Trusts and Estates Department. Mr. Ploss concentrates his practice primarily on estate planning for high net worth individuals and their businesses, estate administration, probate litigation and fiduciary income taxation in New Jersey and throughout the East Coast. He has extensive experience advising individual clients in the areas of wealth transfer planning and the preparation of estate planning documents.
Mr. Ploss is a Certified Public Accountant (CPA) in the state of Georgia, a Certified Financial Planner™ (CFP®) and a Professional Registered Trust and Estate Practitioner (TEP). He frequently publishes articles and speaks on trust and estate matters. Mr. Ploss currently serves as an Adjunct Professor, teaching Trusts & Estates at the University of Maine Law School. He has previously taught classes in estate planning at Boston University, Fordham University, Fairleigh Dickinson University and Georgetown University.
Prior Relevant Experience
ACCOUNTING EXPERIENCE
- Arthur Andersen & Co., Atlanta, GA, Tax Staff Accountant, 1985 - 1987.
- International Paper Company, Management Accountant, 1980 - 1983.
TEACHING EXPERIENCE
- University of Maine Law School, Portland, ME, Adjunct Professor of Law, January 2012 - Present.
- Boston University, Boston, MA, Part Time Adjunct Instructor, Certified Financial Planner™ Program, 2010 - 2011.
- Fordham University, New York, NY, Teaching Fellow, School of Continuing Education, Estate Planning and Capstone Case Course Classes in (CFP®) Certificate Program, 2005 - 2010.
- Fairleigh Dickinson University, Madison, NJ, Adjunct Instructor, School of Continuing Education, Certified Financial Planner™ Certificate Program, 1995 - 2009.
- Georgetown University, Washington, DC, Visiting Professor, Executive Program, Certified Financial Planner™ Certificate Program, 2002 - 2006.
Organizations/Memberships
- National Association of Fee Only Professional Advisors (NAPFA), Member
- American Bar Association, Real Property and Trust Law Section
- Boston Estate Planning Council
- Certified Financial Planner (CFP®) Board of Standards, Council on Examinations, 2007 - 2010 (Chair 2009), Estate Planning Subject Matter Content Specialist
- Financial Planning Standards Board (FPSB) Financial Planning Standards Committee, 2010 - 2013
- Institute of Certified Financial Planner (ICFP), Central New Jersey Society, Former President
- Maine Estate Planning Council, 2009 - 2014
- Northern New England Financial Planners’ Association (FPA)
- Society of Trusts & Estates Practitioners (STEP), Boston, MA Chapter
Speaking Engagements
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Co-Presenter, "Minimizing Identity Theft and Compromise: How to Protect Yourself, Your Family and Your Assets From Fraud", Northern New Jersey Financial Advisor's Group Webinar, May 26, 2020.
- Co-Presenter, "New Planning for the SECURE Act with IRAs and Retirement Plans," Porzio Bromberg & Newman, P.C., Webinar, February 04, 2020.
- "Estate Administration From Start To Finish," NBI, December 10th and 11th, 2019.
- "Estate Planning for Unusual Assets", ALI CLE, Philadelphia, PA, October 18, 2019
- "Estate Planning for Unusual Assets," and "Multi-Jurisdiction Estate Planning," NJICLE, Summer CLEfest- Tax & Estate Planning Track, Atlantic City, NJ, August 10, 2018.
- "Strategies for a New Era in Giving," Annual Conference of New Jersey Council of Charitable Gift Planners, June 11, 2018.
- "Estate Planning for Digital Assets," Financial Planning Association; The Round National Broadcast, April 2018.
- "Fiduciary Bootcamp," CLE Seminar, New Jersey Institute of Continuing Legal Education (NJICLE), April 2018.
- "Estate Planning for Digital Assets," Community Foundation, Princeton, NJ, January 2018.
- "Estate Planning for Unusual Assets," Advisor's Group, Morris County, NJ, December 2017.
- "Estate Planning For Digital Assets," Mercer County Estate Planning Council, Lawrenceville, NJ, June 14, 2017.
- "Estate Planning & Administration For Firearms," Estate Planning Council of New York City (EPCNYC), New York, NY, April 27, 2017.
- "New Jersey Uniform Trust Code," Financial Planning Association of New Jersey, South Iselin, NJ, March 28, 2017.
- "Estate Planning for Unusual Assets," Porzio, Bromberg & Newman, Morristown, NJ, February 7, 2017.
- "Estate Planning for Digital Assets," Morris County Financial Advisors Study Group, Morristown, NJ, November 22, 2016.
- "Estate Planning for Digital Assets," Porzio, Bromberg & Newman, Morristown, NJ, October 4, 2016.
- "Digital Assets," National Business Institute's Seminar on Estate Planning Oddities and Challenges, Portland, ME, August 15, 2016.
- "Estate Planning: Digital Assets," Saint Joseph's College CPA Workshops, May 19, 2016.
- "Disclaimers In Estate Planning," Morris County Advisory Group, November 2015.
- "Defense of Marriage Act (DOMA)," Maine Tax Forum, November 2014.
- "Estate Planning and Income Taxation," Northern New England Financial Planning Association, March 2014.
- "Financial Planning & Ethics," Maine Bankers Association Annual Meeting, November 2013.
- "Estate Planning and Income Taxation," Northern New England Financial Planning Association, October 2012.
- "Federal and New Jersey Wealth Transfer Tax Implications in the Context of Medicaid Planning," National Business Institute (NBI), September 2012.
- "Estate Planning for Digital Assets," Television Interview, WHTW Channel 8, Portland, ME, October 2011.
- "Financial Sustainability: Planning Your Future," Maine Osteopathic Association, September 2010.
- "Estate Planning and Fiduciary Income Taxation," St. Joseph’s College, continuing professional education series, Standish, ME, November 2010 – Present.
- "Estate Planning Considerations For Spouses In Cross State Moves Between Community Property and Common Law Jurisdictions," 58th Semi-Annual Tax and Estate Planning Forum, December 2008.
- “The Impact of Interest Rates In Estate Planning,” Financial Planning Association (FPA) of New Jersey, July 2008.
- "Let’s Write A Will," New Jersey Institute on Continuing Legal Education (ICLE), February 2007.
- "Disclaimers and Other Post Mortem Planning Techniques," Panelist, New Jersey Institute on Continuing Legal Education (ICLE), February 2007.
- "Estate Planning," National Association of Fee Only Professional Advisors (NAPFA), Morristown, NJ, April 2006.
- "Uses of Life Insurance In Estate Planning," Fairleigh Dickinson University Insurance Institute, 2005.
- "Estate Planning for Single, Divorced and Widowed Women," Deciding What If Rutgers Women’s Seminar, Rutgers University Cooperative Extension of Morris County and Somerset County, New Jersey, annual presentation 1995 – 2009.
- "Estate Planning," Rutgers University Money 2000 lecture series, New Brunswick, NJ, October 2000.
- "Estate Planning and Taxation," Affinity Federal Credit Union, Bedminster, NJ, 1994-1998."Pre Mortem Estate Planning," Institute of Certified Financial Planners Central New Jersey Society, November 1997.
- "Estate Planning and Tax Considerations," Bellcore Pioneers of New Jersey, September 1995.
Publications
- "Your Rights Under NJ's Medical Aid in Dying Act" Co-author, January 2020
- "State Income Taxation of Non-grantor Trusts: An Important Area for Tax Planning," Journal of Financial Planning, November 2019
- "Financial Planners Need to Start Asking Clients About Digital Assets," Financial Advisor Magazine, April 26, 2018
- "Estate Planning for Digital Assets: Understanding the Revised Uniform Fiduciary Access to Digital Assets Act and Its Implication for Planners and Clients," Journal of Financial Planning, April 2018.
- "What New Jersey Residents Need To Know About Digital Assets Under New Jersey's New Digital Asset Act," September 28, 2017.
- "Ethics For Trusts & Estates Practition," 2013 edition.
- "Best Practices For Structuring Trusts & Estate, Leading Lawyers of Drafting a Flexible Plan, Protecting the Client’s Assets and Leveraging Tax Strategies," 2012 edition.
Wealth Preservation