Why Estate Planning Is Still Alive for Those Not Subject to the Estate Tax (Completed)

Date: Friday, July 17, 2020
Instructor: Klaralee R. Charlton
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Estate Planning for CFP

With the Gift and Estate Tax Exemption at an all-time high, clients and practitioners often wonder whether complex estate planning is really necessary. In this course practitioners will learn that estate tax is only one of many important considerations clients must analyze when planning their estate. More and more, clients have children from prior marriages or beneficiaries with disabilities or substance abuse issues. Protecting funds for the intended beneficiary and sheltering assets from creditors or ex-spouses is just as important as protecting assets from estate tax. In addition, basis adjustment opportunities should not be ignored as they can provide valuable tax savings. Practitioners will come away with a thorough understanding of the various estate planning techniques clients can use to protect their hard-earned assets from future uncertainly.

Who Should Attend
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

  • Description of typical inheritance laws within the United States
  • Review of the most common estate planning documents
  • Analysis of how estate planning can protect against ex-spouses and creditors
  • Illustration of how trusts can protect disabled beneficiaries
  • Examples of the importance of ensuring basis adjustment of assets at death

Learning Objectives

  • Describe the importance of estate planning for clients without taxable estates
  • Recognize the difference between default inheritance laws and estate planning provisions
  • Identify situations when default inheritance laws are detrimental to a client
  • Recognize and analyze the tax savings that can be achieved by adjusting the tax basis at death
  • Recognize how to recommend estate planning techniques to protect clients and beneficiaries


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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