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Estate Planning for Wealthy Clients After Tax Reform: Basis Adjustments, State Tax Issues, Portability, Gifting

Note: CPE credit is not offered on this program

Recording of a 90-minute CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, August 29, 2019

Recorded event now available

or call 1-800-926-7926

This CLE course will provide estate and tax counsel guidance on advanced planning techniques for wealthy individuals and families. The panel will dig deep with an analysis of mechanisms and critical considerations for basis adjustments, avoiding state inheritance tax issues, upstream gifts, reassessing formula clauses, taking advantage of the increased exemptions, and other crucial estate document provisions to ensure optimum planning for high net worth clients.


The enactment of new tax law has significantly modified many estate planning methods for wealthy and moderately wealthy families. The increase of the estate and gift tax exemption amounts provides opportunities for reducing wealth transfer tax, as well as reducing capital gains taxes, adjusting basis and other items so long as estate planners grasp an understanding of complex federal and state rules.

Estate planning for wealthy clients focuses on specific wealth transfer planning techniques essential to obtaining the best tax advantages on both the federal and state levels, avoiding family conflict, reducing estate costs, and preserving wealth. In developing or reassessing estate plans for these families, estate planners cannot ignore the GST tax, available income tax-basis adjustment methods, gifting techniques, and state estate tax issues.

Listen as our panel discusses effective income tax basis planning and preserving basis adjustments upon grantor's and surviving spouse's death, gift strategies, modifying formula clauses in current estate documents, state tax issues, and methods to ensure effective estate planning for wealthy clients.



  1. Estate planning issues and opportunities for the wealthy post-tax reform
  2. Preserving basis adjustments and available techniques
  3. Available gift strategies and when to use them
  4. Drafting or modifying documents for income and estate tax planning flexibility
  5. State tax issues that must be considered
  6. Best practices for estate planners for wealthy clients after tax reform


The panel will review these and other key issues:

  • What are the challenges and available opportunities for estate planning for the wealthy after tax reform?
  • What techniques are available for obtaining basis step-up upon grantor's and surviving spouse's death?
  • What are the available gift strategies?
  • What are the factors in drafting or reassessing formula clauses in plan documents?
  • What are the state tax issues and methods to limit their impact?


Jackson, Donna
Donna J. Jackson

Donna J. Jackson & Associates

Ms. Jackson's practice focuses on estate planning, trusts and estates, wills, and probate law. She is a member of...  |  Read More

Morrow, Edwin
Edwin P. Morrow, III, J.D., LL.M. (Tax), MBA, CFP, CM&AA

Regional Wealth Strategist
U.S. Bank Private Wealth Management

Mr. Morrow is currently a regional wealth strategist for U.S. Bank Private Wealth Management based in Cincinnati, Ohio...  |  Read More

Willis, Tyson
Tyson D. Willis

Arnall Golden Gregory

Mr. Willis focuses his practice on crafting and implementing successful wealth transfer planning strategies, including...  |  Read More

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