Objective
- Understand estate planning issues unrelated to federal tax planning
- Inventory the documents relevant to estate preservation
- Understand methods of providing for children and the spouse
Highlights
- Coverage of the Inflation Reduction Act of 2022
- The SECURE Act, including IRA and RMD changes, reviewing beneficiaries, and discussing strategies to mitigate the elimination of the stretch IRA in light of new 2022 proposed regulations
- Other major SECURE Act provisions, such as expansion of section 529 plans and 401(k) access to part-time workers
- Changes to the lifetime estate tax exemption by the TCJA in light of April 2022 proposed regulations
- More than 20 documents that should be reviewed that are neither a will nor trust
- Applicable rates, and tactics that may be used to minimize them
- Reducing the impact of ancillary administration
- Provisions you need in a will
- When a trust is needed for children
- Durable powers of attorney, for financial matters and for healthcare
- Realistic retirement goals
- Management of insurance: liability, disability, and life
- Dealing with marriage and divorce
- Titling assets effectively
- Developments relative to estate tax, and the implications for planning
Designed For
Accounting and Financial Professionals who advise clients on estate tax planningPrerequisite
NoneAdvanced Preparation
None