Description

This is a rebroadcast from AICPA ENGAGE 2026.

A client's passing sets in motion a wide range of tax, financial, and fiduciary responsibilities that require thoughtful coordination and planning.

This session provides a comprehensive review of the myriad tax and financial issues involved in the administration of a client’s estate, including:

- First steps to take upon learning of a client’s passing

- Coordinating efforts among the financial advisers assisting the family

- Planning for and preparing federal and state estate tax returns, including the federal portability election

- Planning for and preparing federal and state individual income and fiduciary income tax returns, including a review of the various income tax planning issues and elections that arise

- Discussing various financial planning issues that the family faces, including qualified retirement plan distribution options

- Advising on any generation-skipping income tax elections and issues

Target Audience

· CPAs advising families after a client death

· Estate administration and fiduciary tax practitioners

· Financial advisers coordinating with legal and tax teams

· Professionals preparing estate, income, or trust returns

Course Objectives

· Identify the tax and financial planning issues involved in the administration of a client's estate.

· Determine the tax compliance issues faced in the administration of an estate.

· Identify how the CPA can provide value to the family in the administration of a client's estate.

Subjects

· Estate administration fundamentals

· Tax compliance and planning

· Income tax considerations

· Family and adviser coordination

· Retirement and wealth transfer planning

· Financial planning for suvivors

Prerequisites

3-4 years in the profession

Advanced Preparation

3-4 years in the profession