The Portable Exclusion, Marital Deduction and Future of Survivor's and Bypass Trusts Planning | 4192918A

Date :
June 3, 2019 8:30 AM - 4:00 PM
Location :
San Francisco Peninsula
Facility :
CalCPA Flex Center - Burlingame
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Level of Difficulty :
Basic
Member Price :
295.00
Nonmember Price :
400.00
CPE Credits :
CPE 8.00, MCLE 6.50, CFP 8.00, MCLE LS-TX 6.50, MCLE LS-EP 6.50
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More frequently, clients need to simultaneously address the estate, gift, generation-skipping, income and property tax implications of estate plans. Dive deep into the pros and cons of relying on the portable exclusion to avoid estate tax.

Further, now that the Treasury Department has addressed clawback, examine the role of the marital deduction and find ways to maximize planning opportunities by building flexibility into the modern estate plan. Cover the qualitative and quantitative implications of various strategies as they apply to everyday scenarios including the traditional family, blended families, same-sex marriages and remarriages.

Materials are provided as an ebook.

Objectives:

  • Identify recent estate planning developments and strategies.
  • Determine how to properly apply recent tax and legal developments.
  • Recognize how to claim the portable exclusion at the first and second deaths, what happens if the surviving spouse remarries, and what happens when the next spouse dies.
  • Identify the pros and cons of “B” (Bypass) trusts.
  • Recognize the trend toward “A” (Survivor's)/”C” (QTIP) trusts planning, leaving out “B” (Bypass) Trusts and when it is appropriate.
  • Explore Spousal Lifetime Access Trusts (SLATs) and Qualified Personal Residence Trusts (QPRTs), two useful planning techniques through 2025.

Major Subjects:

  • Interplay of the estate, gift, generation-skipping, income and property taxes.
  • Portable exclusion.
  • Marital deduction planning: rules for and reasons to use Survivor’s and QTIP trusts.
  • “B” (Bypass) trusts.
  • “A” (Survivor’s)/”C” (QTIP) trusts planning.
  • Spousal Lifetime Access Trusts (SLATs).
  • Qualified Personal Residence Trusts (QPRTs).

Advanced Prep:

None.

Misc. Information:

Wireless Internet access, lunch and discounted parking will be provided for this event and are included in your registration fee.

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Level of Difficulty:
Basic
Field of Interest:
Taxes
Prerequisites:

None.

Designed For:

CPAs, attorneys, financial advisers, insurance advisers, trust officers, paralegals and estate planners.

Instructors

James Randall Gardner, CFP, CPA, Esq.

Randy Gardner is the head of financial planning for the Horace Mann Companies. Previously, he was a practicing estate planning attorney with Estate Plan, Inc. with offices in Laguna Beach and Irvine. He is a member of the AICPA, and has written over 100 articles for publications such as The Journal of Financial Planning, Taxation for Accountants, Practical Tax Strategies, and Tax Adviser. Gardner is co-author of several books including The Closing Wealth Transfer Window, 101 Tax Saving Ideas, and Tools and Techniques of Income Tax Planning. He is a columnist for and serves on the editorial board of The Journal of Financial Planning. Recognized as Educator of the Year by the Missouri Society of CPAs, Gardner taught for over 30 years as a professor of tax and estate planning and director of the Financial Planning Program at the University of Missouri. He earned his bachelor’s degree from Harvard University; his juris doctor degree and his master’s degree in business administration from the University of Kansas; and his master of laws in taxation from the University of Missouri - Kansas City.

Materials:

  • Materials - Hardcopy Textbook
  • Materials - ebook