SCEP
SELECTED CRITICAL ISSUES FOR THE ESTATE PLANNER
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. The course reviews current cases, rulings, regulations, and articles with a view toward practical applications.
Major topics include:
- 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
- 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
- Making maximum use of disclaimers to minimize transfer taxes; special problems of jointly-held property
- Asset protection: what opportunities exist to protect assets from creditors; uses of trusts, LPs, and LLC, and foreign jurisdictions
- 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
Designed
for: CPAs who need to be updated on the hottest, most sophisticated estate-planning strategies and techniques in play today.
Level
of knowledge: Advanced
Field
of study: Taxes
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