Estate Tax Returns: Key Concepts for Estate Planning Counsel

Identifying Taxable Assets and Leveraging Available Deductions and Major Elections

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

Conducted on Wednesday, May 22, 2013

Recorded event now available

or call 1-800-926-7926
Course Materials

This CLE course will provide estate planning attorneys with a working understanding of how the estate tax works and proper reporting. Our speaker will offer guidance on assets subject to tax, deductions available and major elections.


During the next 15 years, an estimated excess of $10 trillion dollars in wealth will transfer through estates. Beginning in 2013, clients with a gross estate plus adjusted taxable gifts valued at or in excess of $5.25 million will have to file an estate tax return.

Estate planning attorneys should be cognizant of assets subject to tax, available deductions and major elections. Counsel must understand how estate tax works and develop a sturdy background knowledge of proper reporting and schedules that should be filed with the estate tax return.

Listen as our authoritative estate planning attorney/CPA provides an overview of the estate tax law, highlighting key reporting requirements, assets subject to tax, deductions from the gross estate and available elections.



  1. Overview
    1. Application of the estate tax
    2. Probate and non-probate assets
    3. Steps in computing estate tax
    4. Filing requirements
  2. Computing the gross estate
    1. Assets owned at death
      1. Probate estate (Schedules A, B, C and F)
      2. Life insurance (Schedule D)
      3. Joint tenancy (Schedule E)
      4. Powers of appointment (Schedule H)
      5. Annuities and retirement plans (Schedule I)
    2. Retained interests (Schedule G)
    3. Three-year rule
    4. Valuation issues
  3. Deductions from gross estate
    1. Funeral and administrative expenses (Schedule J)
    2. Debts of decedent (Schedule K)
    3. Losses (Schedule L)
    4. Marital deduction (Schedule M)
    5. Charitable deduction (Schedule O)
  4. Elections
    1. Alternative valuation date
    2. Special use valuation
    3. Installment payments


Our speaker will review these and other key questions:

  • What assets should be included in the gross estate when computing estate tax?
  • What deductions from the gross estate should counsel be aware of?
  • What available elections should be considered?

Following the speaker presentation, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.


Robert E. Barnhill, III
Robert E. Barnhill, III
Robert E. Barnhill, Atty at Law

Mr. Barnhill's practice focuses on wealth accumulation and compensation planning. He presents and authors on Form...  |  Read More

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