What You Need To Do Now In Estate Planning Under the New Tax Law [NLEP Fbx]

Full Description

What You Need To Do Now In Estate Planning Under The New Tax Law

July 10, 2012

Location:
Fairbanks, AK

$295 Member Fee
$445 Non Member Fee

The last decade reduced the need for estate planning by increased exemption amounts and lower tax rates. But the environment dramatically changes in 2013 with much lower exemption amounts and much higher tax rates, sweeping into its application many clients who were outside the reach of the estate tax. For this reason, practitioners need to rethink many of their strategies and tactics, and identify clients that need to know they may require estate planning. With a "back to the future" scenario in the offing, 2012 is the year for practitioners to meet with clients to explore new options and implement them while they last. Don't risk your clients' financial future!

Major Topics:
A complete analysis of legislation with an eye towards planning issues and pitfalls to avoid
Is there a clawback?
Clients' wills -- revisions are needed
Reinstatement of the old rates and exclusion levels - more clients need estate planning
Structuring gifts in the new environment - choosing tactics
What estate planners should do or undo in a troubled economy
Which discounts are still available?
How changes in the income tax rates affect trusts
Making successful beneficiary designations of qualified plans and IRAs
Charitable lead and remainder trusts - still an effective tool
Winners and losers in various estate planning strategies
...and much more!

Learning Objectives:
Understand all of the new tax law changes in the estate area
Be able to recognize which planning strategies should now be considered
Understand what revisions might be needed in clients' wills
Who Will Benefit:
CPAs who want to understand the latest tax law changes and the effects they will have on their clients
Level of Knowledge: Update
Prerequisite: Significant knowledge in estate or gift tax planning; attendance at basic estate planning and preparation courses
Advanced Preparation: None
CFP: Yes
Credits: 8
Field of Study: Taxes
Acronym: NLEP
Discussion Leader: Arthur Auerbach, CPA, is a tax consultant for Goodman and Company of McLean, VA, specializing in tax consulting and estate and financial planning for individuals and closely held businesses. He is chairman of the Tax Committee of the Virginia Society of Certified Public Accountants, and a member of the Greater Washington Society of Certified Public Accountants. He is currently a member of the AICPA Individual Tax Resource Panel, the tax commissioner liaison committee member of the Virginia Society of Certified Public Accountants, and also serves as a member of the Advisory Board for the District of Columbia Office of Tax and Revenue.
Over the course of 40-plus years, Mr. Auerbach has managed a tax department, and has taught intermediate and cost accounting at Pace University as an adjunct professor. He was an editor for the Tax Research Institute of America. He has also authored several articles for trade association periodicals and he has appeared on CSPAN and the CBS Evening News, answering various tax questions. In addition, he is a nationally known lecturer on a variety of income tax and employee benefit topics for the continuing education requirements for CPAs.
Mr. Auerbach holds a Bachelor of Business Administration degree in accounting from Pace University in New York.

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