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Concurrent Session Onsite and Online

ENG2308. Planning for Estates Under $10 Million (EST, TAX)

This session will discuss why it is important for the modest estate owner to have a comprehensive estate plan. We will cover basic documents, beneficiary designations, conventional credit shelter planning, the mechanics of filing Form 709 to make the portability election; along with the benefits and downside of making the election. We will also review Roth conversion and insurance planning for smaller estate owners; post-mortem estate, administrative and fiduciary elections, filing the decedent's final return along with the estate's fiduciary return and issues that arise when the decedent is a partner or shareholder in a passthrough entity.

Learning Objectives:

  • The participant will gain an understanding of the importance of the need for estate planning for smaller estate owners' especially when they hold interests in passthrough business entities.
  • The participant will gain an understanding of the various post-mortem elections available to smaller estate owners, including the benefits and mechanics of making the portability election.
  • The participant will gain an understanding of the importance of income tax and basis planning when the estate is less than the federal exclusion amount, including state tax implications.
CPE Credits
NASBA Field of Study
3-4 years in the Profession
Advanced Preparation
Session Tags