Estate Planning 2022

Overview

Estate planning is when tomorrow becomes today! As a result of recent legislation, estate planning has been made surprisingly simple. This course surveys wills, living trusts, gifts, insurance, marital property, and probate avoidance. The will and trust forms are explored along with living wills, durable powers of attorney and nominations of conservator.

Highlights

• Estate planning team & administration
• Unlimited marital deduction & applicable exclusion amount
• Primary dispositive plans
• Trusts
• Annual gift tax exclusion
• Annuities and installment sales to family members
• Charitable remainder trusts
• Family limited partnerships
• Buy-sell agreements
• Family documents

Objectives

• Recognize members of the estate planning team including their role in the estate administration process, specify the unlimited marital deduction requirements, cite the applicable exclusion amount and identify the effects of stepped-up basis particularly, the repealed of modified carryover basis.
• Determine the limits of a simple will and the advantages and disadvantages of living trusts.
• Identify specialized estate planning tools and how they permit clients to pass more wealth and save death taxes, cite the uses of a durable power of attorney, and specify instances when a conservatorship is appropriate.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Downloadable PDF.