SOP2401. Estate Planning for the 99%: Tax and Financial Planning Strategies When Estate Taxes Don't Matter

An exploration of the many issues clients face in estate planning when estate taxes don’t really come into play because of the high estate tax exemption amounts. The tax and financial planning topics to be covered include the importance of lifetime documents such as health care proxies and powers of attorney, properly drafted wills, protecting inheritances with trusts, probate avoidance and beneficiary designation planning, long term care planning, and basis step up planning.

Learning Objectives:

• Identify the non-estate tax planning aspects of an estate planning engagement, including necessary lifetime and testamentary documents, and the importance of proper beneficiary designations.
• Analyze the various income tax and financial matters relevant to a client's estate plan including asset protection planning, probate avoidance techniques, income tax basis step-up strategies, and long-term care planning opportunities.