While the estate and gift tax have been greatly relaxed, many clients will still require estate planning services in the current year. This course examines the fundamentals of estate planning including critical concepts in marital deduction planning, credit shelter trusts, selection and powers of trustees, and titling and funding issues. The comprehensive manual provides an in-depth analysis of will provisions, checklists, flow charts, and real-life examples.
DESIGNED FOR
CPAs who advise clients in establishing an estate plan.
BENEFITS
- Identify what property is included in a decedent’s gross estate
- Understand the use of trusts in an individual’s gross estate
- Calculate gift tax and estate tax liabilities
- Be aware of various tools and techniques for transferring property with the least tax liability
HIGHLIGHTS
- Analysis of legislative changes
- Complete Code section analysis of the federal estate and gift tax
- Marital deduction planning -- Second spouse, QTIP trusts, QDOT trusts, power of appointment trusts, and more
- Credit shelter trusts and the applicable credit amount
- Uses and techniques of life insurance
- 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
- Reducing taxes by charitable giving, special credits, and estate freezing techniques
- Use of irrevocable and revocable trusts and other will substitutes
- Impact of increasing applicable exclusion amount
- Portability - Use of deceased spouse unused exclusion amount (“DSUEA”)
- Regs on Estate Basis Reporting
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit
My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.