Estate planning has been very complex due to changing laws and new variables that need to be considered. Discover new ways to help your clients minimize tax liabilities, protect assets, grow investments, prepare for retirement, and much more.
DESIGNED FOR
CPAs, financial planners and other professionals who advise on estate and/or retirement planning issues.
BENEFITS
Topics to be covered at this half-day conference:
- Estate planning update
- Step-up in basis
- Generation skipping transfer tax
- International estate planning
HIGHLIGHTS
Agenda
Thursday, June 18, 2015
7:45-8:15am
Registration and Continental Breakfast
8:15-8:30am
Opening Remarks
Christine Pronek, CPA, MST – O’Connor Davies, LLP
8:30-9:20am
Fundamentals of Estate Planning
Christine Pronek, CPA, MST – O’Connor Davies, LLP
Despite the high federal lifetime exemption, estate planning is still very important for state estate tax purposes, asset protection and a variety of other reasons. Taxpayers (especially New Jersey residents) should not make the mistake of thinking that they no longer have to be concerned about estate planning. Several key estate planning concepts will be explained including irrevocable life insurance trusts (ILIT), marital trusts, credit shelter trusts, etc.
9:20-10:35am
Income Taxes Invade Estate Planning – It’s All About the Basis
Richard H. Greenberg, J.D., LL.M. - Greenberg & Schulman, Attorneys at Law
Retaining basis in many estate plans has become more important than avoiding inclusion of assets in an estate. We will address proper drafting of estate planning documents with flexibility to obtain basis step-up when warranted, planning techniques to implement basis step-up in existing trusts, in assets to be gifted which would otherwise have carryover basis - and recapturing step up in basis with assets that have already been gifted!!
10:35-10:50am
Break
10:50-11:40am
Generation Skipping Transfer Tax
Susan Dromsky-Reed, Esq. – Brach Eichler LLC
This session will provide an overview of the generation skipping transfer tax and provide an explanation of how to use the generation skipping transfer tax exemption effectively.
11:40am-12:30pm
International Income and Estate Planning Issues and Compliance
Jack F. Meola, JD, CPA - EisnerAmper
Join us for a discussion regarding the rules that would have consequences for non-citizen and non-US persons for US income and estate taxes, including when an individual or entity is required to file a U.S. federal income, gift or estate tax return and reporting requirements. Definitions of U.S. persons for the above taxes and the compliance issues including the proper forms to file, issues regarding expatriating and pre-immigration planning will be explored.
COURSE LEVEL
Basic