COR2406. Estate Planning

• Session will cover the current state of the lifetime exemption and how to effectively and strategically transfer assets to future generations in light of the pending sunset of the current estate and gift tax exemptions.

Learning Objectives:

• Identify the fundamentals of gift and estate tax
• Recognize how the exemption amount will be reduced in 2026 and the calculation behind planning to use the exemption prior to the end of 2025.
• Identify what the tax cost will be if there is no estate planning for medium to large estates.
• Identify planning ideas for small, medium and large estates.
• Determine the consequences of gifts when debt exceeds basis.