CPA Practice Development Opportunities in Estate Planning (Completed)

Date: Thursday, May 7, 2009
Instructor: Owen G. Fiore
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

The CPA as a "trusted advisor" and confidant to his or her clients can be an effective, productive catalyst for integrated "Family Wealth Planning". This is a clear practice development opportunity for CPAs in an uncertain economy where there is confusion and uncertainty about the Federal estate tax.

Learn the 12 top estate and wealth planning issues that deserve attention in the development of any estate plan, and consider these issues in a review of real-life case studies evidencing the important role the CPA can play in conjunction with legal counsel and other financial advisors.

This 2-hour course is a great overview of the area and provides an introduction to Owen's coming 4-hour courses on "Playing the Valuation Game" and "Effective Uses of FLPs, LLCs and S Corporations in Wealth Preservation"

Who Should Attend
CPAs and other financial advisors interested in developing a practice in assisting clients in Family Wealth Planning

Topics Covered

  • The CPA's role in estate planning - motivator, catalyst, fact-checker, financial projections preparation, reviewer and team player
  • Basic principles of taxation and estate planning, both as to contingency planning and wealth preservation
  • "Fair market value", the core concept in planning, with the hypothetical party standard of value
  • Pass-through entities, such as FLPs, LLCs and S corporations, and how they relate to the "valuation game"
  • Due diligence and standards in planning, documentation, implementation the "audit" of existing plans
  • The importance of communication of the plan(s) and client education
  • Illustration of effective planning with case studies from real-life situations
  • The top 12 areas or levels of estate planning
  • "Action Plan" for the CPA's involvement in estate planning

Learning Objectives

  • Stimulate interest in estate planning for clients by active involvement of CPAs and to illustrate important areas of estate planning, including effective wealth preservation techniques


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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