LA Westside DG: Estate Planning: Looking at Our World Through Income Tax Glasses | G3121216

Instructors

Date :
December 20, 2016 7:00 PM - 9:00 PM
Location :
West Los Angeles
Facility :
Westside Pavilion Community Room A
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Level of Difficulty :
Intermediate
CPE Credits :
CPE 2.00, MCLE 1.50
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With lower estate tax rates and higher income rates, many traditional estate planning techniques result in only modest overall tax savings due to the income tax basis set-up lost when assets are moved out of clients' taxable estates. While most estate planners are aware of this issue, planners now must decide how to proceed with clients that have already transferred assets out of their taxable estates and with new clients who come for estate planning recommendations.
Allan and Eva will cover how to rescue traditional plans undertaken before the change in tax rates, when new client plans must take into account the lost basis step-up.

Objectives:

  • Learn how traditional estate plans have changed in the "new world" where income tax and estate tax rates are essentially equal.
  • Gain insight on how to rescue traditional estate plans that were undertaken before the change in tax rates.
  • Understand newer planning alternatives to avoid the income tax downside of moving assets out of a taxable estate.

Major Subjects:

  • Income tax and traditional estate plans  
  • How portability affects estate planning
  • Planning for assets that will never be sold vs. assets that will be sold during life vs. assets that will be sold after death
  • Buy-back technique and intentionally defective grantor trusts     

Advanced Prep:

None

Misc. Information:

Online registration is closed the day of the meeting. We encourage you to attend and pay at the door. To ensure there is space available, call Program Associate Tracey Zink at (818) 546-3554.Registration opens at 6:45 pm.
•Fees: $5/member, $15/nonmember.
•Add $5 for same day and at door registration.
•Parking: 3 hours free.
•Address: Westside Pavilion, Community Room A, 10800 W Pico Blvd, Los Angeles, CA
Level of Difficulty:
Intermediate
Field of Interest:
Taxes
Prerequisites:
Some knowledge of estate planning preferred.
Designed For:
CPAs, attorneys and professional staff

Instructors

Allan Barry Cutrow
S. Eva Wolf, Esq.
No Agenda or Materials posted.