Webinar Registration

Join estate planning attorney Alan Gassman for in-depth webinar tailored specifically for CPAs looking to expand their expertise in estate tax planning. This session, "CPA’s Guide to Estate Tax Planning – Part 1: Running the Numbers," is designed to equip you with the essential tools and knowledge to effectively guide your clients through the complex landscape of estate taxes. Understanding and accurately running the numbers is the foundation of any robust estate plan, and this webinar will provide you with practical techniques and strategies to optimize estate tax outcomes.

Key Topics:

1. Understanding Estate Tax Basics:
   • Estate Tax Overview: Gain a comprehensive understanding of what estate tax is, who it affects, and the current federal estate tax exemptions and rates.
   • Gift Tax and Generation-Skipping Transfer Tax (GSTT): Learn the fundamentals of gift tax and GSTT, how they interact with estate tax, and their implications for estate planning.
2. Valuation of Assets:

• Appraisal Techniques: Explore methods for valuing different types of assets, including real estate, closely-held businesses, investment portfolios, and personal property
• Discounts for Lack of Marketability and Control: Understand how valuation discounts can reduce the taxable value of certain assets, leading to significant tax savings.

3. Estate Planning Strategies

• Annual Gift Exclusion: Discover how making regular annual gifts can reduce the taxable estate and leverage the annual gift tax exclusion.
• Lifetime Gift Strategies: Learn about strategic gifting during the client’s lifetime to minimize estate taxes, including the use of irrevocable trusts.
• Family Limited Partnerships (FLPs) and Limited Liability Companies (LLCs): Understand how FLPs and LLCs can be used to transfer wealth efficiently and take advantage of valuation discounts.
• Qualified Personal Residence Trusts (QPRTs): Explore how QPRTs allow senior family members to retain a life estate and remain in the home while junior family members buy a future interest in the property.
• Irrevocable Life Insurance Trusts (ILITs): Understand the role of ILITs in removing life insurance proceeds from the taxable estate.

4. Advanced Techniques: ​​​​

• Installment Sale to a Grantor Trust: See why this is the favorite tool for most sophisticated planners handling large estates as it moves assets and their growth outside the Grantor’s estate and allows for the income tax "burn" to further reduce estate taxable assets.
• Grantor Retained Annuity Trusts (GRATs): Examine how GRATs can help clients transfer significant wealth with minimal gift tax implications.
• Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs): Learn how these charitable trusts can provide estate tax benefits while fulfilling philanthropic goals.

 5. Case Studies and Practical Applications:

• Real-World Examples: Analyze case studies that illustrate the application of various estate planning techniques and the resulting tax benefits.
• Client Communication: Tips on how to effectively communicate complex estate planning concepts to clients and assist them in making informed decisions

Conclusion:

This webinar will provide you with the essential skills to run the numbers accurately and implement effective estate tax planning strategies. By understanding and utilizing these techniques, you can help your clients achieve their financial goals and preserve their wealth for future generations. Don't miss this opportunity to enhance your professional expertise and deliver exceptional value to your clients.

*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credit. 

Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.