Regardless of the reduced impact of taxes, clients still require estate planning services. This course examines the fundamentals of estate planning, insurance and annuities including critical concepts in marital deduction planning, Medicaid trusts, credit shelter trusts, selection and powers of trustees, and titling and funding issues. Additionally, life insurance continues to be a valuable planning tool in business settings, especially when considering key employee retention techniques and non-ERISA based compensation arrangements. Avoid common life insurance pitfalls and learn how certain trust own life insurance can become a liability to the trustee(s).
BENEFITS
Earn 4 CPE credits in Taxation.
HIGHLIGHTS
In this meeting, learn about:
- Essential Estate Planning Essentials & important documents
- Protective arrangements including the use of irrevocable and revocable trusts and other will substitutes
- Medicaid Rules, Medicaid Qualified Income Trusts (“QIT”), Medicaid Annuities, and Medicaid Life Estates
- Social Security Disability Insurance Vs Supplemental Security Insurance
- Federal estate and gift tax
- Credit shelter trusts and the applicable credit amount
- Tools and techniques in gifting to minors, spouses, and other family members, including uniform transfers (or gifts) to minors’ accounts, education trusts, §§2503(b) and (c) trusts, and more
- Executive Benefits including; Split Dollar, Executive Bonus, Deferred Compensation (NQDC) Plans
- Techniques for using life insurance in estate planning including tax implications
- Key-Person Insurance and Business Loan Collateral Assignment
- How a Non-Guaranteed Universal Life policy works and what that means
- Tax Implications of a Lapsed Policy
- Importance of insurance reviews and stress testing insurance policy
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Early birds save $15 - late fee applied after 12/15. Season Pass holders must register for each event.
For handouts, please visit your My Events page. Handouts are added as received, remember to check back for updates.