Description

Even though the current transfer tax exemption is extremely high to the point that few decedents have a federal estate tax liability, administering an estate is a burden for many family members. In many cases, the family members will look to their professional advisors for help in estate planning and administering an estate. The purpose of this program is to discuss those issues that practitioners with clients involved in estate planning administration need to know to advise those clients. Lack of planning and preparedness in estate issues can cost the heirs time and money upon a decedent’s death.

Instructor: Mike Tucker, Ph.D., LL.M., J.D., CPA

Target Audience

Any finance or accounting practitioner advising clients with respect to estate planning and administration

Course Objectives

Advise clients regarding the latest information on estate planning and administration

Subjects

The federal transfer tax exemption 

What constitutes a valid will

Common trust vehicles often used to safeguard assets

Consequences of intestacy

How to transfer property outside of a will

Legal treatment of marital property

Transfer of IRAs and retirement plans

Probate generally and probate for property held outside of the state of decedent’s residence

When an estate tax return should be filed

Portability of the Deceased Spousal Unused Exclusion (DSUE) amount