Nuts & Bolts of Estate Planning: Analyzing Your Client's High-End Needs 2024

Overview

Knowing the basics of advanced estate planning strategies is essential in advising clients with significant wealth who are seeking assistance in developing succession plans to address individual needs. This course reviews transfer and income tax laws, plus available strategies to minimize taxes. Also, we’ll discuss the basic structure of advanced strategies, provisions in the governing document that authorize and regulate these strategies, modeling and tracking spreadsheets and software options. To illustrate the concepts discussed, you’ll experience a live demonstration of financial planning software, run modeling exercises and review examples of sophisticated estate and business planning scenarios.

Highlights

• A review of the current estate planning environment that impacts high-end estate planning
• Review of current and future estate, gift and GST tax exemptions
• Analyze issues on the death of an individual or second spouse
• Spousal issues that impact high-end estate planning
• Income tax and basis issues
• Review of advanced strategies

Prerequisites

An understanding of the basics of transfer and succession planning.

Designed For

CPAs, attorneys, investment advisers and fiduciaries.

Objectives

• Determine when a client's assets and estate planning goals warrant high-end estate planning
• Identify the pros and cons of various strategies and which clients most benefit from high-end estate planning strategies
• Recognize different advanced estate planning strategies and obstructions to such planning that involve age, economics, taxes or life situation

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).