Examine the fundamentals of estate planning, including critical concepts in marital deduction planning, credit shelter trusts, selection and powers of trustees, and titling and funding issues. Take an in-depth look at will provisions, checklists, flow charts, and real-life examples. Hear an update on developments in estate tax repeal and the implications for planning. Highlights
Calculate estate tax liabilities
Complete code section analysis of the federal estate and gift tax
Marital deduction planning: second spouse, QTIP trusts, QDOT trusts, and power of appointment trusts
Credit shelter trusts and the applicable credit amount
Life insurance: uses and techniques
Tools and techniques in gifting to minors, spouses, and other family members, including uniform transfers (or gifts) to minors’ accounts, education trusts, and Section 2503(b) and (c) trusts
Reducing taxes by charitable giving, special credits, and estate freezing techniques
Use of irrevocable and revocable trusts and other will substitutes
Impact of increasing applicable exclusion amount
Portability: use of deceased spouse unused exclusion amount (DSUEA)
Regulations on estate basis reporting
Registration
PICPA Member: $275 Nonmember: $375
More Information
Course No.
574400
Level:
Basic
Prerequisites:
None
Notes
Accepted for Insurance and IRS credits.
Speaker(s)
Michael Valenti
Director of Tax Planning
Carson Wealth
Michael W. Valenti, CPA Tax Manager Radnor Financial Advisors
LLC
Michael specializes in tax planning and compliance for high-net-worth
individuals, and oversees the day-to-day operations of the tax department.
Prior to joining Radnor Financial Advisors, Michael worked in KPMG’s
International Executive Services tax practice, and in the tax department at
SunGard Data Systems.
Michael received both his Masters and Bachelor of Science degrees in
Accounting from Penn State University.