Fargo Holiday Inn - 10/28/2010
8 CPE Hours
$250 Member ($300 Nonmember)
Add $25 after 10/14/2010
Instructor: Douglas Stanley
The purpose of this course is to explore the current thinking of practitioners, commentators, and the Internal Revenue Service regarding estate-planning strategies and techniques, fully updated to reflect tax reform. The course reviews current cases, rulings, regulations, and articles with a view toward practical applications.
Objectives:
Understand how the generation-skipping transfer tax is applied and how to calculate it
Learn how disclaimers can be used in estate planning
Learn when you can use discounts to reduce estate value, and when you can't
Major Topics:
Understanding the generation-skipping transfer tax -- what it is, how to calculate it, and planning opportunities to avoid or minimize the tax; use of trusts; reverse QTIPs; leveraging life insurance-why this may be the year to make distributions
Discounting business and investment assets -- current issues with FLPs; what gets taxpayers into trouble; what is necessary to get the maximum discount; income tax issues; will it survive tax reform?
Making maximum use of disclaimers to minimize transfer taxes; special problems of jointly-held property-why they are particularly important in 2010
Closely-held business interests: structuring estate plans to take advantage of deferral of estate tax; financing settlement costs; taking money out of a corporation tax-free through redemption of stock
Asset protection: what opportunities exist to protect assets from creditors; uses of trusts, LPs, LLCs, and foreign jurisdictions
Impact of the new significant law changes in estate planning
Designed For: CPAs who need to be updated on the hottest, most sophisticated estate-planning strategies and techniques in play today. Level: Advanced Developer: Surgent McCoy CPE, LLC Prerequisite: A strong background in estate planning, and previous completion of basic- and intermediate-level courses in this area.
