Surgent's Estate and Life Planning Issues for the Middle-Income Client

 

   

 

 
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Overview

8.0 Credits

Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all CPAs who work with middle-income clients and are looking for ways to provide additional quality services. Updated for post-election developments relative to potential estate tax repeal, and the implications for planning.

Objectives

  • Understand estate-planning issues unrelated to federal tax planning
  • Inventory the documents relevant to estate preservation
  • Understand methods of providing for children and the spouse

Major Topics

  • More than 20 documents that should be reviewed that are neither a will nor trust
  • Identifying inheritance and death tax states, applicable rates, and tactics that may be used to minimize them
  • Reducing the impact of ancillary administration
  • Provisions you need in a will
  • When a trust is needed for children
  • Durable powers of attorney, for financial matters and for health care
  • Asset protection strategies: upsides and downsides
  • Management of insurance: umbrella liability, disability, and life
  • Sample documents that can facilitate loans to children
  • Dealing with marriage and divorce
  • Titling assets effectively
  • Avoiding the loss of capital and passive losses at death
  • Elder care planning
  • The latest information on the portability of the deceased spouse's unused exemption amount
  • Post-election developments relative to potential estate tax repeal, and the implications for planning

Designed For

CPAs who advise clients on tax planning
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