Estate Tax Planning Opportunities in 2012
Maximizing Benefits Under Current Gift and Estate Tax Law: Portability, Lifetime Exemptions, Trust Use and More
Recording of a 90-minute CLE webinar/teleconference with Q&A
Conducted on Wednesday, August 1, 2012
Recorded event now available
This CLE webinar will prepare estate planning attorneys to identify estate planning opportunities under the current estate and gift tax law. The panel will outline portability issues, ways to take advantage of the current lifetime gift/estate tax exemption, and other planning considerations.
Description
It appears that 2012 may well be the best year ever for estate planning. Whether or not the current estate and gift tax law is extended beyond this tax year is just speculation right now.
It is likely the estate and gift tax law will revert to pre-EGTRRA provisions. Now is the time to take advantage of the $5.12 million lifetime gift tax exemption and the 35% gift tax rate before the lifetime gift/estate tax exemption reverts down to $1 million with a 55% marginal gift/estate tax rate.
Portability issues should be evaluated. Other planning considerations include lifetime gifting, GRATs, dynasty trusts, IDGTs, installment sales, SCINs, ILITs, QTIPs and spousal access trusts.
Listen as our authoritative panel of accountants and an experienced estate planning attorney discusses best practices for maximizing the benefits of estate planning opportunities for the remainder of 2012 under the current estate and gift tax law. The panel will also discuss the anticipated impact of potential future legislation.
Outline
- Overview of the “2010 Tax Relief Act”
- Portability issues
- Estate planning opportunities in 2012
- Lifetime gifting
- Grantor Retained Annuity Trusts (GRATs)
- Dynasty trusts
- Intentionally Defective Grantor Trusts (IDGTs)
- Installment sales
- Self-Canceling Installment Notes (SCINs)
- Other planning considerations
- Irrevocable Life Insurance Trusts (ILITs)
- Lifetime Qualified Terminable Interest Property (QTIP) Trusts
- Spousal access trusts
- Impact of potential future legislation
Benefits
The panel will review these and other key questions:
- When should portability of the estate tax exemption be elected and what actions need to be taken to ensure portability is retained?
- Why are lifetime taxable gifts so important from an estate planning standpoint?
- Why is the grantor’s payment of an IDGT’s income tax liability so important from a wealth transfer standpoint?
- When should SCINs be used in place of ordinary installment notes?
- How should a spousal access trust be set up?
Faculty
Steven J. Oshins
Oshins & Associates, Las Vegas
His practice focuses on estate planning and asset protection. He was named Las Vegas Trusts and Estates Lawyer of the Year by The Best Lawyers in America and was voted into the NAEPC Estate Planning Hall of Fame. He is a frequent speaker and author on estate planning and asset protection articles. He participated in getting valuable trust and creditor protection laws passed in Nevada.
Robert S. Keebler, Partner
Keebler & Associates, Green Bay, Wis.
As a CPA and tax advisor, his practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. He received the Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He is a frequent author and speaker on wealth transfer and taxation issues.
Stephen J. Bigge, CPA, Partner
Keebler & Associates, Green Bay, Wis.
His emphasis is in developing comprehensive financial, estate and income tax analyses and wealth transfer techniques including FLP, GRATS, CRTs, ILITs and IDGTs. He specializes in estate, gift and retirement planning, charitable gift planning, as well as trust and estate administration. He is a frequent writer for Taxes Magazine in his area of expertise.
Ordering
Online CLE - Audio Recording
Includes streaming audio of full program plus handouts (available 24 hours after live program).
CLE:
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Online CLE Audio $147.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX*, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID*, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com. (*Indicates that Strafford needs to process the CLE — see below to purchase this option.)
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plus $9.45 S&H
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Available ten business days after the live event
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CLE Credit
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Customer Reviews
The seminar was very informative and easy to understand.
Amy Allison
Anderson Hunter Law Firm
The program was well organized and discussed the major issues.
Roxy Hammett
Wolff & Samson
I thought the information provided was great.
Erika Gamiz
Law Offices of Marcia L Kraft
Better than I expected. Well done on both subject matter and production quality.
Jeff Simpson
Gordon, Fournaris & Mammarella
The webinar offered excellent insight into some specific areas.
Beth Ann R. Lawson
Virginia Beach Law Group
Estate Planning Advisory Board
Partner
Annino & Ligon
Consultant, Speaker and Author
Napa, CA
Partner
McArthur Franklin
Partner and Practice Group Leader - Tax
Waller Lansden Dortch & Davis
Partner
Schiff Hardin
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