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With many significant tax proposals being discussed in Washington it is important to integrate flexibility and unwind (re-do) options into planning. This session will cover Estate Compliance-DSUE/Portability, Flexibility, Trusts, Formulas, Disclaimers, Recission, Family LLCs/Partnerships, and Life Insurance
This session will cover wealth transfer and post mortem planning for clients with estates valued up to $10 million. We will look at why most Americans fail to do any planning and the top reasons why planning is so critical. We will cover the ins and outs of the portability election and how it compares to the use of conventional trusts, along with administrative and fiduciary elections and situations where the estate is an owner of a partnership or S corporation interest.
Objectives:
- Summarize why all clients should have an estate plan
- Identify the various post-mortem elections available to executors and trustees
Sharon Kreider and Karen Brosi, in their usual fast paced style, will update you on individual tax news that you missed while you were suffering through another brutal tax season. The session will include 2021 changes included in the Consolidated Appropriations Act of 2021 and the American Rescue Plan Act, highlighting planning issues for the balance of the year. A discussion of 2021 Tax Court decisions and IRS rulings will illustrate exam targets for your individual clients.
Objectives:
- Recognize how new tax legislation affects individual clients.
- Identify planning ideas for our individual clients and their 2021 tax returns.
- Review Tax Court decisions and IRS rulings to illustrate IRS exam targets.
Tony Nitti will take you through what's new in the world of business taxation. Nitti will address recent legislation and administrative rulings, and also take a look at potential changes over the coming months.
Recent changes in tax law have affected real estate owners and investors. In addition, the current administration is proposing further changes that could have a dramatic impact on taxpayers holding real property. This session will look at recent laws, rulings and court cases as well as possible legislative changes and provide practical tips and planning ideas to pass along to your clients.
Objectives:
- Identify recent new tax laws, rulings and Tax Court cases affecting real estate investors
- Describe potential changes and their impacts on real estate owners
- Review master planning ideas for real estate clients using current and proposed law
A dive into one aspect of personal growth and leadership that cannot be tackled alone. We all have behaviors and habits that do not come across to others the way we think they do. These are not called visible spots or awareness spots. They are called blind spots. We need people in our lives who are willing to help us identify them. We need to become aware of how we are "showing up" and this session will start us on the path of widening our perspective and removing our blind spots.
Objectives:
- Widening our perspective to realize that we all have blind spots.
- Pinpointing people who we trust to help us with these blind spots.
- Challenging ourselves to be intentional about our growth in these areas and how we are "showing up".