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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Estate Planning for the 99%: Portability and More (EPP4)

NEW! (Updated for the Tax Cuts and Jobs Act) 4-Hour Program

WHY ATTEND THIS COURSE?

With a lifetime exemption of over $11,000,000 (temporarily—$5,000,000 permanently), much of the traditional estate planning CPAs did for clients no longer makes sense as these clients do not face a federal estate tax liability or it can be easily avoided. But that does not mean there are not tax issues, or that a failure to plan will not cost the family money.

This session will look at advising those “poor” estates. We will discuss the use of portability planning in lieu of bypass trusts, how to plan to maximize basis for heirs rather than minimize inclusion in an estate and not getting blind-sided by state level estate and inheritance taxes.

DESIGNED FOR...

CPAs who advise clients with net worths between $1,000,000 and $11,200,000 or married couples with a combined net worth of under $11,200,000.

OBJECTIVE

Participants will be able to:

  • Advise clients on the advisability of making a portability election
  • Assisting the client’s attorney in revising or designing the client’s estate plan
  • List those states with an estate and/or inheritance tax

MAJOR SUBJECTS

  • How “old-style” estate plans actually increase the heirs taxes under the current law
  • The uses and limitations of the portability election
  • Locking in the higher exclusion amount created by the Tax Cuts and Jobs Act with a portability election.
  • Using a QTIP election to combine portability with a trust to hold the decedent’s assets

COURSE ACRONYM: EPP4

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • Experience advising clients on tax and financial matters

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes

RECOMMENDED CPE CREDIT: 4 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.