This is the first of a five session Masterclass program featuring estate planning attorney Alan Gassman, JD, LLM.
In this session, Alan will educate you on these key topics:
- Definition and goals of estate planning.
- Overview of estate planning documents: Wills, Revocable and irrevocable trusts, Powers of attorney, Advance healthcare directives
- Federal estate and gift tax basics: Estate tax exemptions, Gift tax limits and Annual exclusion gifts
- State estate and inheritance taxes: key considerations.
- Role of life insurance in estate planning: Providing liquidity for estate taxes, Equalizing inheritances among heirs and Funding buy-sell agreements.