Key Estate Planning Considerations

4.6 (785)

Elizabeth Forspan

FORSPAN KLEAR LLP

Wednesday, February 24, 2021 | 11:00 AM EST

  • AFSP
  • CPA
  • CVA
  • EA
  • Tax Pros
  • PFS
  • TEP
  • CTEC
  • CFE

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CPD credit (Verifiable) for CPA/PFS

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 CPD credit (Verifiable) for Trust and Estate Practitioners (TEPs)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

Estate planning can be divided into two topics: planning prior to death (premortem, or “traditional” estate planning) and post-mortem. Premortem is primarily about planning while post-mortem is more about administration, although in both phases can CPAs are needed for planning. Elizabeth Forspan, Esq. of Forspan Klear LLP will discuss the key estate planning documents that individuals should have, with a heavy focus on advance directives and various types of testamentary trusts, including supplemental needs trusts. She will also review the current Federal estate Tax exclusion and some of the planning techniques that are now being utilized.

Major Topics Covered :

  • The Five Critical Planning Documents
  • Statutory Gifts Rider
  • Trusts
  • Revocable Trusts
  • IRC Section 121(a)
  • Section 121- Ownership Requirement
  • Annual Gift Tax Exclusion 

Learning Objectives

  • To understand the purpose and importance of a Power of Attorney
  • To understand the critical importance of planning in the case there is a disabled child or family member in the family
  • To understand the implications of a failure to plan for one’s incapacity.

Who Should Attend?

  • Tax Attorney
  • Tax Practitioners
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • CPA - Large Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • CPA in Business
  • CEO
  • Tax Managers
  • Tax Preparer

Testimonial

4.6

(785)
72%
23%
4%
1%
1%

LCD

The webinar was very interactive with a lot of information. She was great with the presentation of the content. I took every information and understanding about the agent's role in the healthcare proxy

PZ

The information covered regarding trusts and their tax implication was very exhaustive. I loved the detailing in the presentation and flawless experience. Recommendable platform myCPE.

LD

Thank you for your passionate discussion and "anonymous" examples of what NOT to do. Everyone needs to hear this presentation. It is shocking that so many people still do not have their 5 main documents in hand to protect their families!

DF

The knowledge of the presenter was definitely more than expected. Ms. Forspan was not only a benefit for those not in the legal professions, but Ms. Forspan was also able to clarify how it affects the accountants who will or should work with the client to ensure their needs and wishes are met

JHL

Elizabeth presents information in an efficient fashion and in terms that people can understand and create action items from. Very useful information. Even if you think you know this topic - this is a worthwhile learning experience.

DT

The very best estate planning one-hour webinar I have ever attended! I do a fair amount of tax preparation for estate and trust tax returns so I have attended many estate planning seminars and webinars!