SVSJ Estates & Trusts Group: Estate Planning Without An Estate Tax | N2180717


Date :
July 20, 2017 12:00 PM - 1:30 PM
Location :
San Jose Area
Facility :
Abbott Stringham & Lynch
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Level of Difficulty :
CPE Credits :
CPE 1.00
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The Trump administration has proposed repealing the federal estate tax.Even before repeal, 99% of Americans would have no federal estate tax in the event of their death. With this scenario, one would think that estate planning wouldn't be a concern. Clients and many advisors might simply dismiss it. That would be a serious mistake -- one the successors might try to hold the CPA responsible for as the "most trusted advisor."
In this introductory seminar, Michael Gray will introduce participants to how the CPA can serve a vital and valuable role in the estate planning process. This is great "off season" work that will also build the CPA's stature and relationships in the community of professional advisors in a team effort.


Expand your knowledge of estate planning basics important to all clients
Gain facility with estate planning tools for cash flow planning
Understand the role of the CPA as an initiator of the estate planning process and a member of the estate planning team

Major Subjects:

Why estate planning is needed, even when there is no estate tax
Why CPAs should initiate estate planning
Creating an inventory of the client's assets and liabilities.  
Instructions to successors.  (Where are the documents and accounts?)
Guardians for children and custodians for assets
Family communication/Emotional concerns
  Multiple marriage/relationships issues
Determining a family's cash flow and cash requirements in the event of the death of a breadwinner
Asset accumulation for meeting estate, education and other financial goals and needs
Probate and probate avoidance
Title and tax basis
The role of life insurance
The role of trusts.  Who will be the trustee?
  Asset protection - spendthrift provisions
Special needs beneficiaries
Retirement accounts
 Characteristics (Roth v. Taxable), naming beneficiaries

Misc. Information:

Lunch Included with Registration Fee
Level of Difficulty:
Field of Interest:
Designed For:
CPAs, Attorneys, Financial Planners, Professional Staff


Michael C Gray, CPA
Michael C. Gray founded his CPA firm, Michael Gray, CPA October 1, 1996. He has continuously worked in public accounting since June, 1974. Mike was a co-founder and partner in charge of tax services of Hubler, Gray and Associates from June, 1986 through September, 1996 and a tax manager at KMG Main Hurdman, subsequently acquired by KPMG Peat Marwick, from February, 1978 to June, 1986. The areas of practice that Mike has focused on include tax planning for individuals, estate and trust planning and administration, tax planning for businesses, tax examinations, and tax procedure. He also assists other tax practitioners in dealing with complex tax issues. Mike has given many presentations and written many articles on tax subjects, including for the California Society of CPAs, Silicon Valley Bar Association and Santa Clara County Bar Association. Mike has been a CPA in California since March, 1977. He received his BS in accounting and MBA at San Jose State University in June, 1974 and June, 1978, respectively. He is a past president of the Silicon Valley San Jose CPAs, past chairman of the tax committee for the Silicon Valley San Jose CPAs and past member of the state tax committee for the California CPAs. He is also a member of the Santa Clara County Estate Planning Council, and has been involved with the Executive Planning Committee of the Tax Section for the Santa Clara County Bar Association. Currently, Mike and his wife Janet devote their Saturdays to caring for their grandsons, Kyan and Clive Baker, while their parents, Holly and Dan Baker, work in the family restaurant, Marché Aux Fleurs, in Ross, California.
No Agenda or Materials posted.