Minimizing Client Estate Taxes With Plans That Work Training Class

Course ID: 15287

Minimizing Client Estate Taxes With Plans That Work Training Seminar

Plan Now in Order to Lower Estate Taxes Later

Your clients have spent a lifetime creating estates that may include property, businesses, retirement assets and more. If they don't plan effectively for what happens to their estates when they die, then the IRS will decide for them. That could result in a devastating tax hit with much of the estate going straight into the government's pockets. That's why, as their advisor, you must understand and guard against the negative implications of the latest estate, tax and fiduciary laws.

That's where this seminar comes in. It's the first and last stop for attorneys looking to improve their ability to minimize the potential for tax liability when protecting and administering their clients' estates. Get updated on various taxes and penalties that may be levied against an estate to sidestep liability and cash in on opportunities for tax savings. Tackle the difficult issues involved in pre- and post-mortem planning and feel confident clients' wealth is protected for the long-term. Master the tools for determining the value of any asset in order to make the most profitable decisions. Set up life insurance trusts with the knowledge they will be legally binding and fair. Gain authoritative advice on ensuring retirement assets are divided and disposed of in a tax-favorable manner.

Craft a plan built on the foundations of the federal estate tax.
Factor in tax implications of life insurance planning.
Know the differences so you can create estate plans for farmers.
Determine fair market value with an update on current issues.
Use appraisals to avoid valuation penalties.
Set up life insurance trusts that adhere to today's tax rules.


	Agenda
	BE AWARE OF TAXES FACING AN ESTATE Marjorie A. Rogers, 8:30 - 9:45 A Valuable Briefing on the Federal Estate Tax Who Is Subject to Gift Taxes Recent Changes to the Generation Skipping Transfer Tax Assess the Impact of the State Estate Tax Get Updated on Changing Legislation and Case Law Anticipate Other Key Tax Issues Individual Income Taxes - Issues You Need to Look At Frequently Asked Questions About Fiduciary Taxes Tips for Calculating Tax Deductions Why a Comparison to Neighboring States' Taxes Is Important CONFRONT DIFFICULT ISSUES IN PRE-MORTEM PLANNING Margaret A. Foster, 9:45 - 10:30 Tap into All Available Planning Techniques, Including Potential Expenses and Restrictions Selecting and Protecting Beneficiaries - Factors to Consider Planning for Life Insurance - Tax Pointers Planning for Disability - Key Concerns to Address Imminent Death - How it Impacts Planning Proven Methods for Estate Planning for Farmers MANAGE THE DECISIONS INVOLVED IN POST-MORTEM PLANNING Margaret A. Foster, 10:45 - 12:00 An Overview of Probate and How to Avoid It The Practicalities of Planning for Non-Probate Assets Techniques for Reducing or Deferring Income Taxes New Developments in the Reduction of Estate Taxes Qualified Disclaimers and the Planning Opportunities They Present Different Options for Correcting Mistakes in the Plan RESOLVE VALUATION ISSUES IN THE ESTATE Eric Lyon Burton, 1:00 - 2:15 Current Issues in the Determination of Fair Market Value The Effects of Intangible Personal Property Not-So-Common Issues Related to Real Property Business Interests - Problem Areas When Do You Want a Higher Value? Valuation Discounts and Premiums: Disputes That Arise The Protection the Estate Freeze Rules Provide How Valuation Penalties Can Become a Huge Problem Using Appraisals to Avoid Valuation Penalties MAKE ETHICAL DECISIONS IN ESTATE TAX PLANNING Marjorie A. Rogers, 2:15 - 3:15 The Challenge of Avoiding Conflicts of Interest Shades of Gray in the Use of Representation Letters Representation of Multiple Clients - What's Fair Breach of Fiduciary Duty - Challenges Unique to Estate Planning Lawyers Who Become Witnesses - Possible Credibility Issues SAVE ON ESTATE TAXES WITH LIFE INSURANCE TRUSTS Eric Lyon Burton, 3:30 - 4:00 Setting Up Life Insurance Trusts Under Today's Tax Rules Drawbacks When Structuring the Insurance Coverage Recognize Leveraging Opportunities Types of Policies - Pros and Cons How to Avoid Common Mistakes PLAN FOR THE DISTRIBUTION OF RETIREMENT ASSETS Marjorie A. Rogers, 4:00 - 4:40 IRS Distribution Rules and How to Work Within the System Misconceptions About the Required Beginning Date Overlooked Steps in Life Expectancy Calculations Stay on Top of Rollover Distributions The Whys and Hows of Beneficiary Designations


	Audience
	This intermediate level seminar is designed for attorneys, accountants, trust officers and others who must stay on top of tax issues and regulations connected with estates.