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