Key Issues in Estate Planning and Probate Training Class

Course ID: 10107

Key Issues in Estate Planning and Probate Training Seminar

Protect Your Client's Legacy With Sophisticated Techniques

When it comes to estate planning, you need to make sure you're covering all the angles. One "unlatched gate" can let in a nasty array of problems. Your clients rely on your expertise to preserve as much of their estates as possible. How does your knowledge stack up? Take your understanding to the next level at this powerful seminar.

Along with our seasoned faculty, you'll go beyond the basics to take an in-depth look at federal estate and gift tax laws. Get savvy techniques for post-mortem planning. Learn strategies for planning for the incapacity of the client. Discuss the different aspects of probate you need to be aware of and determine ways to keep a handle on federal income taxes. Be confident in the knowledge that your tax plan will be thorough and in your client's best interests.

Take your estate planning and probate knowledge to the next level:

Take a detailed look at federal estate and gift tax laws and how to handle GST, lifetime transfers and alternative methods of transfer
Understand procedures you need to follow to comply with state and federal regulations
Explore innovative practices that will help decrease transfer taxes
Learn how to plan ahead for difficult health care decisions
Receive specific guidelines for reducing taxes after death through sophisticated post-mortem planning techniques
Hear about specific areas you should be concerned about when preparing for estate tax audits


	Agenda
	SHIFTING VALUE AND TRANSFERRING INTERESTS -- OVERVIEW OF FEDERAL ESTATE AND GIFT TAX LAWS Generation-Skipping Transfer Tax Methods of Effectuating Lifetime Transfers Alternative Methods of Transfer PROTECTING THE PASSAGE OF WEALTH Techniques to Decrease Transfer Taxes Strategies to Reduce Income Taxes Addressing the Issue of Special Assets ESTATE PLANNING FOR INCAPACITY OF THE CLIENT Planning for Health Care Decisions Powers of Attorney Living Wills Avoiding Probate: Predisability Planning Avenues Use of Revocable Trusts Role of Irrevocable Trusts Advising the Dying Client SELECTED ISSUES IN PROBATE Types of Probate Administrations Duties of the Personal Representative; Inventories/Claims Tax Aspects of Probate FACING TAXES AFTER DEATH Alternative Valuation Date -- What You Need to Know Interpreting the QTIP Elections Making Redemption a Viable Means of Disposition With Section 303 Deferring Estate Tax -- Extending Time for Payment Special Use Valuation Provides Alternatives in Valuing Certain Properties Avoiding Gift Tax With a Qualified Disclaimer Qualified Plans -- Distribution Options Can Save on Income Tax The Final 1040 "Kiddie" Tax is Not Child's Play Taxation of Trusts: Similar to Estates -- Be Aware of the Differences Taxation of Estates: The Return -- The Income -- The Deduction -- The Distribution Preparing for Estate Tax Audits -- Specific Areas You Should Be Concerned About IN YOUR CLIENT'S BEST INTERESTS -- ETHICAL CONSIDERATIONS Avoiding Conflicts of Interest -- Determining the Client Setting a Fair Standard -- The Use of Fees Competency of the Client -- When Diminished Capacity Becomes Apparent Maintaining the Relationship -- Adequate Communication Confidentiality -- What Should or Shouldn't Be Disclosed LONG TERM CARE PLANNING AND ESTATE PLANNING AFTER THE DEFICIT REDUCTION ACT OF 2005 AND THE SWEEPING CHANGES IN MEDICAL ASSET TRANSFER RULES The Combined Impact of the 60-month Look Back Period and the New Start Date for Periods of Ineligibility. Strategies That Work Effectively to Protect Assets and When to Use Them Potential Liability Traps for Unwary Family Members and Financial Agents Who Assist Someone Entering a Nursing Home or Assisted Living Facility


	Audience
	This intermediate level program was designed for attorneys who wish to further their knowledge of estate planning. Accountants, trust officers and paralegals will also benefit.