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Estate Tax Planning - Techniques We Haven’t Covered Yet 1 Credit

Estate Tax Planning - Techniques We Haven’t Covered Yet 1 Credit

Estate Planning Essentials Series- Part 3

  • Rating

    4.7
  • Published on

    October, 2024
  • Subject Area

    Taxes

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Oct 03, 01:30 PM ET

Learning Objective

  • Discuss the benefits of transferring personal residences into QPRTs, including potential gift tax savings and estate tax reduction.
  • Highlight how CLATs provide a stream of income to charities for a specified period, with the remainder passing to non-charitable beneficiaries.    
  • Explain the structure and benefits of CRTs in estate planning

Course Overview

As estate planning becomes increasingly sophisticated, understanding advanced strategies is essential for effective tax management and wealth preservation. 

In this third segment of our estate planning series, we will examine four powerful tools: Qualified Personal Residence Trusts (QPRTs), Charitable Lead Annuity Trusts (CLATs), Charitable Remainder Trusts (CRTs), and Qualified Charitable Distributions (QCDs) from IRAs. How can these techniques be used to minimize estate taxes and support philanthropic goals? 

This CE Course will provide insights into these complex strategies and illustrate their practical applications. We will start by exploring Qualified Personal Residence Trusts (QPRTs), a technique designed to transfer personal residences based on previous topics and sets of an estate while potentially reducing gift and estate tax liabilities. By the end of this CE Course, attendees will have gained a solid foundation in these advanced Estate Planning techniques. 

Major Topics Covered:

  • Checklist For Estate Tax Planning
  • Estate Tax Exemption Calculation
  • New Billionaire Tax 
  • Generation Skipping Tax Rules
  • Traditional Separate Revocable Trusts
  • Life Insurance Planning Ideas

Join us to enhance your expertise and better serve your clients with sophisticated estate planning solutions.

Looking to fulfill your Enrolled Agent (EA) Continuing Education (CE) requirements? MY-CPE online Enrolled Agent CE courses are the best for you. Earn EA CE Credits while enhancing your domain knowledge and expertise in diverse tax regulations and practices. Our courses are designed to provide you with the latest updates and deep insights to keep you ahead in your field. With flexible scheduling and a user-friendly platform, MY-CPE offers you a greater convenient and interactive learning experience. Join MY-CPE today and take the next step in advancing your career as an Enrolled Agent. 

  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-02096-24-S)
  • 1 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02096-24-S)
  • 1 CE Credit of Estate Planning for Certified Financial Planner (CFP-US) (Approval No. 330966)

    Valid upto : Dec 31, 2024

  • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1685)
  • 1 CPD Credit of Taxes for Personal Financial Specialist (PFS)
  • 1 PL Credit of Taxes for Chartered Financial Analyst (CFA)
  • 1 CE Credit of Taxes for Chartered Financial Consultant (ChFC)
  • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02096-24-S)
  • 1 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02096-24-S)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CE Credit of Taxes for Retirement Income Certified Professional (RICP)
  • 1 CE Credit of Taxes for Certified Wealth Strategist (CWS)
  • 1 CE Credit of Taxes for Certified Fiduciary and Investment Risk Specialist (CFIRS)
  • 1 CE Credit of Federal tax-related matters for LTC (Approval No. GEHNZ-T-02096-24-S)
  • 1 CE Credit of Taxes for Financial Services Certified Professional (FSCP)
  • 1 CE Credit of Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC)
  • 1 CE Credit of Taxes for Wealth Management Certified Professional (WMCP)
  • 1 CE Credit of Taxes for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 1 PL Credit of Taxes for CIPM
  • 1 CE Credit of Taxes for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

  • 1.5 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1.5 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-02096-24-O)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-02096-24-O)
  • 1 CE Credit of Estate Planning for Certified Financial Planner (CFP-US) (Approval No. 330966)

    Valid upto : Dec 31, 2024

  • 1 CE Credit of Taxes for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-1685)
  • 1.5 CPD Credit of Estate Planning for Personal Financial Specialist (PFS)
  • 1.5 PL Credit of Estate Planning for Chartered Financial Analyst (CFA)
  • 1.5 CE Credit of Estate Planning for Chartered Financial Consultant (ChFC)
  • 1 CE Credit of Taxes for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-02096-24-O)
  • 1 CE Credit of Taxes for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-02096-24-O)
  • 1.5 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1.5 CE Credit of Estate Planning for Retirement Income Certified Professional (RICP)
  • 1.5 CE Credit of Taxes for Certified Wealth Strategist (CWS)
  • 1.5 CE Credit of Taxes for Certified Fiduciary and Investment Risk Specialist (CFIRS)
  • 1 CE Credit of Taxes for LTC (Approval No. GEHNZ-T-02096-24-O)
  • 1.5 CE Credit of Estate Planning for Financial Services Certified Professional (FSCP)
  • 1.5 CE Credit of Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC)
  • 1.5 CE Credit of Estate Planning for Wealth Management Certified Professional (WMCP)
  • 1.5 CE Credit of Estate Planning for Chartered Advisor in Senior Living (CASL)
  • 1.5 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 1.5 PL Credit of Estate Planning for CIPM
  • 1.5 CE Credit of Estate Planning for Chartered Special Needs Consultant (ChSNC)
  • 1.5 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 1.5 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Alan Gassman
Alan Gassman

Senior Partner, Gassman, Crotty & Denicolo, P.A.

  • 4.6
  • rating
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Alan S. Gassman is a board certified Trust and Estates lawyer practicing with the Clearwater, Florida law firm of Gassman, Crotty and Denicolo, P.A., which he founded in 1987. The firm focuses on the representation of high net worth families, physicians, and business owners and their companies in estate planning, taxation, and business and personal asset structuring. 

Mr. Gassman is the primary creator and developer of EstateView software, which allows for the design, illustration and analysis of estate tax, estate planning and charitable strategies. Jerry Hesch, Jonathan Blattmachr, Robert Keebler and Mr. Gassman serve as the Creative Team that continues to develop this software. 

He is also the lead author of many books, including Gassman and Markham on Florida and Federal Asset Protection Law, The Estate Planner's Guide to Bankruptcy, Florida Law for Tax, Business & Financial Planning Advisors, Eight Steps to a Proper Florida Trust and Estate Plan, A Practical Guide to Kickback & Self-Referral Laws for Florida Physicians, The Florida Power of Attorney & Incapacity Planning Guide, The Florida Advisor’s Guide To Counseling Same Sex Couples, and is co-author of the Legal Guide To NFA Firearms and Gun Trusts, among others. 

Mr. Gassman is a frequent speaker for continuing education programs and has published well over 200 peer reviewed articles with publications such as Bloomberg BNA Tax & Accounting, Trusts and Estates Magazine, Estate Planning Magazine, The Florida Bar Journal, Forbes, and Leimberg Information Services Inc. (LISI).

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.7

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Very Good

Average

Poor

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TB

Terri Bottom, Owner

Maybe one of the best webinars I've been to as far as information given. I learned more in one hour than I could possibly digest. Will be going over the handouts and my notes for the next week.

JH

James Hay, CPA (US)

Alan Gassman is always phenomenal. I helps if the slides are available for download directly from the platform at the beginning of the presentation.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

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  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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