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AICPA & CIMA ENGAGE 2021


ENG2101 - ENG2101. Estate Planning in the Current Environment: What to tell clients to do Now!


Jul 26, 2021 9:30am ‐ Jul 26, 2021 10:45am

Standard: $49.00

Description

The tax environment is fluid and what will occur is uncertain. This session will be updated up until the date of the program to provide practitioners with practical, actionable, tax planning advice that can be given to clients. Depending on the status of tax legislation current proposals and what to do in light of them will be reviewed. If there is actual legislation that will be discussed. in all events the focus will be on specific planning you can guide clients with.

Learning Objectives:
  • Recognize specific planning strategies that can be recommended to clients of ALL wealth levels to take now in light of various tax proposals
  • Identify specific steps clients should take to create and fund life insurance trusts now and why is this so important for even more moderate wealth clients.
  • Spousal lifetime access trusts (“SLATs”) are all the rage. Discover specific planning techniques that can be used to enhance this type of planning, and discuss how greater access to trust assets be provided GRATs may be on the way out but there may be one last opportunity to use GRATs.
  • Identify how those GRATs should be structured and how and why are the different then GRATs that have been done in the past
  • Identify techniques can be used to try to mitigate retroactive tax changes

Speaker(s):

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