Family Estate & Succession Planning: 2012 & Beyond (Completed)

Date: Thursday, January 24, 2013
Instructor: Owen G. Fiore
Begin Time:  8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time
CPE Credit:  4 hours for CPAs
4 hours Income Tax Planning for CFP

The turmoil in estate and succession planning caused by Congressional inaction for nearly 10 years was but temporarily resolved favorably with the December, 2010 enactment of the 2010 Tax Relief Act (H.R. 4853). Now for 2011 and 2012 there is some certainty, and, in fact, estate and succession planning can be accomplished quite successfully under the new law. But January 1, 2013, the pre-2001 transfer tax law will return to the detriment of families and their business and investment interests. This course will include updated information covering the American Taxpayer Relief Act of 2012 and its effects on estate and gift taxes.

Who Should Attend
CPAs, CFPs, Enrolled Agents, Attorneys, CFOs with family companies.

Topics Covered

  • Basic issues and planning in family succession planning, including Wealth Preservation and Contingency Planning
  • Family goals and motivating younger generation family members
  • Dealing effectively with the 2010 Tax Relief Act, the "sunset provisions" effective January 1, 2013, and new legislative proposals for estates.
  • Revising and updating estate and succession plans to insuring meeting family goals, avoiding conflicts and saving income, gift and estate taxes
  • Emphasis on inter-vivos planning, multi-generational trust planning, valuation discounting and uses of entities and trusts, grantor trusts and installment sales, SCINs and private annuities
  • Review of the important role of Valuation Planning in succession planning

Learning Objectives

  • Understand the planning and compliance mandates of the Tax Relief Act of 2010 and the uncertainties of 2013 and beyond
  • Learn how to develop and communicate family wealth succession plans
  • Consider legislative possibilities for 2012 and 2013, and how that impacts current planning options
  • Learn to use new gifting leverage with $5 million lifetime exemption
  • Evaluate various techniques, including grantor trusts, sales, SCINs, GRATs, and generation skipping trusts
  • Determine the possible role of pass-through entities, including FLPs, LLCs and S corporations


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
Experience with client estate plans.

Advance Preparation

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