Surgent's Multigenerational Financial and Tax Planning for Clients




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8.0 Credits

Many clients overlook planning that takes into account not only their own issues but also the needs of other generations - above and below - of the extended family unit. Advisors can help achieve tax and financial planning objectives for multiple ties within the family. This course will explore various techniques for different net worth/income levels of generations.


  • Identify transactions that may benefit multiple generations in a family
  • Understand how the net investment income tax impacts various tax and financial planning strategies
  • Understand structuring of a business and the transfer of interests in a family-owned business

Major Topics

  • Using the trans-generational IRA to benefit lower-income parents
  • How to take advantage of the Roth IRA
  • Income-splitting and the creation of earned income for lower and higher generations
  • Qualifying higher-generation members as dependents
  • Medical expense: how younger generations can help higher-generation members
  • Elder care planning: reverse mortgages, Medicaid eligibility
  • Checklist of documents each generation needs
  • Loans and gifts that may reduce or eliminate the net investment income tax
  • Role of trusts in multi-generational planning
  • Ownership of real estate: does the QPRT make sense?
  • Succession planning: transferring a business interest; use of voting and nonvoting stock; planning for redemptions; special problems of LPs, LLCs, and partnerships; buy-sell and other restriction agreements
  • Minors: using trusts, kiddie tax issues, avoiding net investment income tax; funding education and retirement through CESAs and 529 plans
  • Life insurance: who needs it, and how much; use of annuities and private annuities

Designed For

CPAs who provide tax and financial advice to clients within multiple-generation family structures


Prior experience in advising clients on individual and financial planning issues
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