Estate Planning Tools & Techniques Self-Study Webinar (10 Hours)

Overview: 

If you have estate planning clients, you may already be aware that estate tax laws are complicated and subject to change. This targeted self-study webinar gives you the tools to handle estate planning challenges and provides you with:

  • Sophisticated estate planning techniques used by experts to minimize estate and gift taxes
  • Methods for avoiding common mistakes the IRC doesn't mention
  • Checklists, practice aids and samples of relevant documents to help you perform estate planning professionally
Objective: 

To guide CPAs and tax practitioners through complex estate planning issues and strategies designed to maximize tax-saving opportunities. The self-study webinar provides you with proven tools and techniques for reducing estate and gift taxes to the lowest amount allowable under the law.

Emphasis: 
  • Brief review of estate and gift tax law, including those provisions contained in the Tax Cuts and Jobs Act of 2017
  • Planning techniques to handle the latest IRS regulations
    – Marital deduction trusts
    – Irrevocable life insurance trusts
    – Annual exclusion giving
    – Charitable trust giving
    – Estate freezes
    – Buy/sell agreements
    – Family limited partnerships
  • Marketing estate planning services

• Recognize the primary consideration in the ultimate disposition of a client’s assets

• Recognize the typical will requested by long-term married couples with adult children

• Recognize the term “intestate”

• Recognize the term “probate”

• Identify means in which to avoid probate

• Identify the ramifications of holding assets in a living trust

• Identify the client circumstances likely to result in a living trust

• Identify probate from non-probate assets

• Identify the most common types of co-tenancies

• Identify the gift tax consequences of holding assets as “tenants in common”

• Identify the beneficiary of assets held as “joint tenants with right of survivorship”

• Identify the estate tax consequences of holding assets as “joint tenants with right of survivorship”

• Recognize the ramifications of holding property in a manner inconsistent with one’s intentions

• Recognize the tax benefits of making taxable gifts above and beyond the lifetime exemption

• Recognize the top effective transfer tax rate in effect in prior years

• Determine a decedent’s gross estate

• Identify the Congressional intent behind including adjusted taxable gifts in the estate tax calculation

• Determine a decedent’s tentative tax base

• Determine a decedent’s estate tax due

• Determine a decedent’s estate tax due after application of the unified credit

• Identify the typical IRS status of a grantor trust

• Identify the categories of non-grantor trusts

• Determine those trusts which will and will not be included in a decedent’s gross estate

• Identify the primary tax characteristics of life insurance

• Identify the current annual gift tax exclusion

• Identify the basics of annual exclusion giving

• Determine the maximum amount of assets that can be transferred annually, gift tax free, by a married couple

• Recognize what a remainder interest is associated within estate planning

• Recognize the gift tax consequences of asset transfers to trusts with Crummey withdrawal rights

• Recognize the reasons for establishing a 2503(c) minor’s trust instead of merely gifting assets to an UTMA/UGMA account

• Recognize the characteristics of deductible medical and educational gifts

• Determine assets most suited to gifting

• Recognize the income tax effect of gifting appreciated assets

• Recognize the income tax effect of bequeathing appreciated assets

• Identify the basic characteristics of the marital deduction

• Identify the basic characteristics of the use of marital/nonmarital trusts in estate planning

• Identify the significance of a terminal interest in estate planning

• Identify the trust popular in second marriage situations where there are children from first marriages

• Recognize the benefits of the use of a QTIP trust

• Identify the general method used to allow the deferral of estate taxes upon the first spouse to die

• Identify the characteristics of the charitable deduction in estate planning

• Recognize the general goals of life insurance in estate planning

• Recognize the income tax consequences of life insurance in estate planning

• Recognize the estate tax consequences of life insurance in estate planning

• Identify the characteristics of a life insurance trust

• Identify the characteristics of a family limited partnership

• Identify the commonly accepted methods for determining the value of a business for purposes of a buy-sell agreement

• Identify the common methods of funding buy-sell agreements

• Recognize the benefits of marketing estate planning services

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Price: 
$199.00
Prerequisite: 

Estate Planning: An Overview or equivalent.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Intermediate.

CPE Credit: 
10.00
NASBA Field of Study: 
Taxes