On-Demand
Top 10 Things Financial Planners Need to Know About Estate Planning 2023
CPE: 8
Overview
Clients believe that estate planning is only for the wealthy. This isn't the case. Perhaps as a result of the pandemic, estate planning has a renewed focus. All practitioners should be familiar with the vernacular, acronyms and techniques. Estate planning involves personal issues that affect everyone, even when the estate tax doesn't apply. Learn strategies to pass assets to future generations; provide education benefits; distribute retirement benefits, and provide a charitable legacy.
Product Code
1000002850
Credit Type
CPE: 8CPE-Technical: 8Format
Online Self-Study
Intended Audience
CPAs, financial planners and tax preparers.
NASBA Field of Study
Taxes
Level of Difficulty
Intermediate
Prerequisites
General knowledge of individual income tax planning and issues.
Advance Preparation
None.
Learning Objectives
Major Subjects
- Exemptions and exclusions
- Portability and step-up in basis
- Asset valuation
- Discounts
- Marital and charitable deductions
- Deductions: Transmission expenses and Administration expenses (706 or 1041)
- Income in respect of a decedent and retirement plan assets
- Life insurance and annuities
- Trust or estate administration
- Trust funding
Faculty
Mary Kay Ann Foss
Mary Kay Foss CPA is a frequent lecturer for community, professional and business groups. She has authored and presented courses for tax professionals throughout California. She has over thirty years of practical experience in advising clients about retirement, income and estate planning issues. Ms. Foss currently serves on the AICPA Individual Self-Employed Technical Resource Panel and is a past chair of the AICPA Trust Estate and Gift Tax Te...
More about Mary Kay Ann Foss