Estate and Life Planning Issues for the Middle-Income Client

Overview

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 Accounting and Financial Professionals who work with middle-income clients and are looking for ways to provide additional quality services. Continually updated with the latest guidance.

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

Highlights

Changes to the lifetime estate tax exemption in light of proposed regulations

SECURE 2.0 updates

More than 20 documents that should be reviewed that are neither a will nor trust

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 healthcare

Realistic retirement goals

Management of insurance: liability, disability, and life

Dealing with marriage and divorce

Titling assets effectively

Developments relative to estate tax, and the implications for planning

Designed For

Accounting and Financial Professionals who advise clients on estate tax planning

Prerequisites

None

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):

William Taylor

Leader Bios

William Taylor

WILLIAM F. (Bill) TAYLOR, CPA Water Valley, Mississippi William F. (Bill) Taylor, CPA is President of Lifetime Financial Solutions, LLC, a financial coaching firm, and a CPA in private practice. Since retiring as Community Bank President of Renasant Bank in Water Valley, MS, he has served as an adjunct assistant professor in the MBA program at the University of Mississippi. Bill has worked in the employee benefit and investment fields for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS, office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Pension Professionals & Actuaries, CPA and bar associations in 45 states, and many private organizations. He has been awarded both the AICPA Outstanding Discussion Leader award and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

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