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
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NASBA Field of Study
CPE Credits
Basic understanding of federal estate taxation topics.
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