Description:

The field of estate planning is increasingly complex. Finding appropriate solutions to a client's estate issues can involve many facets of corporate, estate, trust, and securities law. This course provides the practitioner with a look at some of the more advanced tools and techniques available to his/her existing estate planning practice.

Objectives:

• To provide an understanding of advanced tools and techniques applied in the estate planning process.

Major Topics:

• The changing environment of estate planning
• The changing Internal Revenue Code
• Requirements for, and tax implications of, a charitable deduction
• Requirements for, and tax implications of, a charitable deduction
• How gifts of closely held stock can be used to generate a charitable contribution deduction
• When to use a charitable split-interest trust and its requirements
• All about generation-skipping transfers and their tax implications
• How to compute generation-skipping transfer tax
• When to use life insurance as an estate planning tool
• Advantages of a life insurance trust and planning techniques with its use
• Various types of life insurance and features of a policy
• Tax implications of a private annuity
• How life insurance can be used with a private annuity
• Where the split-interest purchase of property is a valuable planning tool
• When to use a GRIT, GRAT, GRUT, or QPRT

Who Should Attend:

CPAs, EAs, attorneys, finance professionals, financial planners, bankers, and insurance agents

Prerequisite:

Moderate experience in estate planning

Advanced preparation:

None