Best practices in estate planning have changed significantly over the past 20 years. Unfortunately, clients often avoid visits to their estate planning attorney particularly when they believe their estate plan reflects their current wishes. Even if the ultimate dispositive provisions remain the same, the method of transferring assets to loved ones can have drastically different estate and income tax consequences depending on the terms of the document.
In this course we will review many provisions that once were the gold standard in estate planning but that now have less than ideal tax consequences for the taxpayer. We will also analyze methods of reducing income tax when charitable beneficiaries are named in estate planning documents. A basic understanding of estate and fiduciary income tax will be helpful before taking this course.
Who Should Attendnull
Instructional MethodGroup: Internet-based
NASBA Field of Study
Taxes (2 hours)