Postmortem Estate Planning: Navigating Decedent's Estate Issues

Overview

In the ever-evolving field of estate planning, addressing the complex issues that arise upon a client’s death is of utmost importance. Postmortem estate planning plays a critical role in managing various aspects, including the decedent’s estate tax return, final income tax return, estate income tax return, and the financial planning of the heirs. This comprehensive course equips practitioners with a thorough understanding of after-death planning issues related to a decedent’s estate.

Objectives

At the end of this course, you will be able to:

Recognize the planning issues that surface while dealing with the estate of a decedent.

Highlights

Understanding the intricacies of alternative valuation date and its implications

Gaining insights into the considerations surrounding portability

Identifying opportunities and requirements for installment payments of estate taxes

Exploring the strategic use of QTIP elections under IRC 2056(b)(7)

Recognizing the benefits and implementation of qualified disclaimers

Understanding the complexities of basis issues in postmortem planning

Addressing issues related to the payment of estimated taxes

Navigating the requirements and considerations for the decedent's final income tax return

Managing medical expenses in the context of postmortem estate planning

Exploring strategies to optimize savings bond interest acceleration?

Understanding the implications and process of estate fiscal year and accounting method elections

Maximizing benefits to beneficiaries by distributing administrative expenses efficiently

Exploring the utility and requirements of the sixty-five-day rule election

Understanding income and deductions in respect of the decedent (IRD) and its implications

Navigating planning considerations pertaining to qualified plans and IRAs

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers

Prerequisites

Basic understanding of estate planning

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Arthur Werner, President, Werner-Rocca Seminars, Ltd.

Leader Bios

Arthur Werner, President, Werner-Rocca Seminars, Ltd.

Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.

In addition, Mr. Werner is a former adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.

Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.

Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners and has presented more than 3000 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

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