[WEB] Postmortem Estate Planning

Description

LINK AND INSTRUCTIONS TO COME FROM HSCPA ONE DAY PRIOR TO SESSION

This course focuses on the tax implications and planning opportunities following a client's passing. It provides strategies for effective tax management and optimization for estates, addressing key considerations such as valuation methods, basis adjustments, and tax-savings elections. Attendees will gain insights to guide clients through the intricate processes of post-mortem tax planning.        

Highlights

• Estate Tax Planning Strategies 
• Alternative Valuation Dates 
• Savings Bond Interest Acceleration 
• QTIP Elections 
• Basis Issues 
• Fiscal Year and Accounting Methods 
• Qualified Plans and IRAs 

Objectives

At the end of this course, you will be able to:

• Recognize key considerations in postmortem estate planning for effective client guidance.
• Describe the implications of alternative valuation dates on estate tax planning.
• Discuss strategies for optimizing savings bond interest acceleration in estate planning.
• Identify opportunities and requirements for installment payments of estate taxes. 
• Explain the strategies use of QTIP elections effectively under IRC §2056(b)(7).
• Analyze basis issues in postmortem planning to maximize tax benefits. 
• Discuss the implications and process of estate fiscal year and accounting method elections. 
• Apply planning considerations for qualified plans and IRAs to enhance client outcomes.

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers