12-Hour Program

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Overview

Why you should attend

The American Taxpayer Relief Act of 2012 (the “2012 Tax Act”), which was enacted on January 2, 2013, made “permanent” many of the changes of the federal transfer tax system that were part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 and that were scheduled to expire at the end of 2012. In addition, the 2012 Tax Act made significant federal income tax changes. Further, President Obama’s budget for the government’s fiscal year ending September 30, 2014, contains additional major proposals for transfer tax and income tax changes.

The program will review the transfer tax and income tax aspects of the 2012 Tax Act, the additional income tax and transfer tax changes that may occur, how you can use this information to your clients’ maximum advantage, and valuable estate planning techniques that are not foreclosed by the 2012 Tax Act. Moreover, the program will review other recent developments regarding charitable and non-charitable estate, trust and transfer tax planning.

What you will learn

  • A review of the transfer tax changes in the 2012 Tax Act
  • A review of the Administration’s current transfer tax and income tax proposals
  • Drafting estate planning documents to comply with and take advantage of the 2012 Tax Act
  • Marital deduction planning – portability is “permanent”
  • Generation-skipping transfer tax planning under the 2012 Tax Act
  • Post-death elections and planning under the 2012 Tax Act
  • State transfer tax consequences of the 2012 Tax Act
  • FLPs and LLCs – valuations and discounts
  • An update on recent developments in all other areas of estate, trust and transfer tax planning
  • Charitable planning in a low interest rate environment
  • Ethical concerns in estate planning

Who should attend

Attorneys and other professionals who specialize in estate planning and life insurance and transfer tax planning, including accountants, financial planners, trust officers, nonprofit development professionals and anyone else whose practice requires a solid understanding of estate planning.

Credit Details