Nuts & Bolts of Estate Planning: Practical Modeling 2024

Overview

Knowing the basics of advanced estate planning strategies is essential in advising clients with significant wealth seeking assistance in developing succession plans to address individual needs. However, running the numbers under various scenarios and assumptions is critical to the success of a plan. This webinar focuses on modeling the numbers for the different strategies and building flexibility into a plan. Such modeling in a live demonstration of financial planning software, running modeling exercises and reviewing examples of sophisticated estate and business planning scenarios is critical to understanding the concepts.

Highlights

• Modeling examples for the Qualified Personal Residence Trust (QPRT)
• Modeling example for the Grantor Retained Annuity Trust (GRAT)
• Modeling examples of Intentionally Defective Grantor Trust (IDGT ) with variations
• Modeling examples of Intentionally Defective Grantor Trust (IDGT ) with property tax issues
• How to build flexibility into strategies to respond to changing circumstances

Prerequisites

An understanding of the basics of transfer and succession planning.

Designed For

CPAs, attorneys, investment advisers and fiduciaries.

Objectives

• Determine client transfer and income tax projections and the need for advanced planning
• Identify the pros and cons of various strategies
• Recognize and use different advanced estate planning strategies
• Calculate and project results for particular advanced strategies
• Identify modeling scenarios for individual client needs

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).