2017 Tax Cuts and Jobs Act: Impact on Financial and Estate Planning
Authored by Steven Siegel
About this Course
Topics covered include:
2017 Tax Cuts and Jobs Act provisions for financial and estate planning;
Gift tax planning and impact;
Estate planning and impact;
A New Emphasis in Planning;
Core Dispositive Planning;
Checklist of Areas Where Estate Planning Is Still Required;
Portability Must be Addressed by Every Married Person;
'Simple' Wills Are More Likely to be Favored Now-Is That the Right Call?;
Income Tax Planning-The New Essential Planning Focus;
Special Planning Concerns Where Trusts Are Used;
What Should be Done with Life Insurance?;
What Should be Done with Retirement Plan Benefits?;
Changes in the Way Title to Property Should be Designated;
Address the Status of Limited Liability Companies (LLCs), Family Limited Partnerships (FLPs) and Sales to Defective Grantor Trusts;
Planning for Persons in Decoupled States;
Additional Estate Planning Techniques in the Post-2017 Act Environment.
Upon completing this course. you should be able to:
Describe the provisions of the 2017 Tax Cuts and Jobs Act that affect estate planning;
Recognize how clients can take steps in 2018 to take advantage of opportunities the law presents;
Identify the major focuses for estate planning;
Describe the primary motive for enacting portability of the federal estate tax exemption;
Differentiate which states allow portability of the exemption amount related to by-pass trusts;
Recognize true statements regarding the new planning considerations;
Identify a special planning concern where trusts are used;
Describe correct statements regarding the considerations around retirement plan benefits;
Recognize the 2018 applicable exclusion from federal transfer taxes is approximately how much per person;
Identify the estate tax exemption for nonresident aliens;
Recognize the primary motive for enacting portability of the federal estate tax exemption was simplifying estate planning;
Differentiate types of trust and which should be used to maximize income shifting opportunities;
Identify the age to take advantage of the transfer of IRA funds directly to charity.
$ 51.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Update
CPE Credits
2.0
Prerequisites
Basic understanding of federal estate taxation topics.
Last Updated
06/01/2018
13896
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