ABC Trust Planning and the Portable Exclusion 2024

Friday, December 13, 2024
Webcast or Webinar, Online
11:00AM - 6:30 PM (opens at 10:30AM) EST
8Credits

Registration is Open

Members
$299.00 Regular Price
Non-Members
$399.00 Regular Price

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$160.00 Members / $224.00 Non-Members
Course Type: Webcast
Course Code: 24/6124824
Level: Basic
Vendor: California CPA Education Foundation
Field of Study: Taxes

Overview:

Increasingly, clients need to simultaneously address: the estate, gift, generation-skipping, income, and property tax implications of estate plans; the pros and cons of relying on the portable exclusion to avoid estate tax; and current steps to handle a reduced exclusion and Clawback. In this course, we examine the role of the marital deduction and Survivor's Trusts ("A" trusts), ways to maximize planning opportunities by building flexibility into the modern estate plan, the qualitative and quantitative implications of various strategies affecting blended families, whether to use Bypass ("B") Trusts or QTIP ("C") trusts, and whether to file a Form 706 when it's not required.

Objectives:

• Determine how to properly apply recent tax and legal developments • Recognize how to claim the portable exclusion at the first and second deaths • Identify the pros and cons of "B" (Bypass) trusts • Recognize the trend toward "A" (Survivor's)/"C" (QTIP) trusts planning, leaving out "B" (Bypass) Trusts and when it is appropriate

Major Topics:

• The interplay of the estate, gift, generation-skipping, and income taxes • Claiming and protecting the portable exclusion • Marital deduction planning: rules for and reasons to use Survivor's and QTIP trusts • "B" (Bypass) trusts • "A" (Survivor's)/"C" (QTIP) trusts planning • What planners should tell their wealthy clients after the issuance of the Clawback Regulations

Major Topics:

• The interplay of the estate, gift, generation-skipping, and income taxes • Claiming and protecting the portable exclusion • Marital deduction planning: rules for and reasons to use Survivor's and QTIP trusts • "B" (Bypass) trusts • "A" (Survivor's)/"C" (QTIP) trusts planning • What planners should tell their wealthy clients after the issuance of the Clawback Regulations

Designed For:

CPAs, attorneys, financial advisers, insurance advisers, trust officers, paralegals and estate planners.

Prerequisites:

None