Tax CLE Courses
NBI offers a complete library of Tax CLE courses addressing key legal issues, developments, and leading practices for attorneys in all stages of their practice.
Best SellerTrustsUnderstanding Trusts: Why Some Structures Provide More Protections Than Others
When assessing complex information, it often helps to break items into basic building blocks. The same approach can be successful when dealing with trusts. Be prepared for specific challenges associated with various types of trusts by understanding their unique characteristics. Our intensive full-day primer will provide you with a comprehensive overview of the wide variety of trusts available. Register today! Learn what not to do when selecting and drafting a trust to avoid common mistakes. Learn how to choose the most beneficial vehicle for preserving your client's wealth: understand the purpose behind the various types of trusts. Save money on taxes with effective use of trusts. Determine whether a client qualifies as a beneficiary of a special needs trust. Don't reinvent the wheel - modify our sample trust documents and use our drafting tips to create airtight trusts.
Recorded February 05, 2025.OnDemand5 hours 54 minutes
Best SellerTrustsHow to Use Trusts to...
With the financial future of your clients in your hands, do you have all the tools you'll need to protect them? Make the best use of the unique characteristics of different trusts to perfectly match the unique needs and circumstances of each case. This fast-paced, full-day primer will provide you with a comprehensive how-to guide on the wide variety of trusts available. Register today! Understand the fundamental law and mechanics of trusts and their key functions. Help clients plan for disability with special needs trusts and qualified income trusts. Choose the best vehicle for guarding against creditors: understand the purpose behind the various types of trusts. Harness the versatility of revocable living trusts when transferring assets. Combine the use of trusts and LLCs for protecting and managing family assets, including a family business. Learn how to control and manage future distributions with key trust provisions and trustee powers. Save money on taxes with effective use of defective trusts. Guard your professional reputation with a trusts-specific legal ethics primer. Don't reinvent the wheel - modify our sample trust documents and use our drafting tips to create airtight trusts.
Live Online + OnDemandApr 15, 2:00 PM
Best SellerTrustsTaking Your Wills and Trusts From Boilerplate to Bespoke
Take your drafting skills to the next level! In this incisive legal course, experienced faculty will share their tips for tailoring wills and trusts to the specific needs of clients, resolving disputes, and adapting to changing tax and tech climates. Stay on the cutting edge of the practice - register today! Get a summary of the trends to watch, notable case law, new practice tools, and more. Help your clients maximize their charitable giving potential. Explore current top trust disputes and potential working resolutions. Come away with specific will and trust language suggestions.
Live Online + OnDemandApr 14, 2:00 PM
Best SellerTrustsEstate Planning With IRAs After the Final Rules (With Case Studies)
Final IRA regulations are out, and it's crucial to understand the latest changes and their impact on retirement assets in the context of estate plans. This legal guide offers a cogent review of the final rules and actionable strategies in the form of common scenarios, case studies, and sample trust language. Whether addressing beneficiary designations, mitigating creditor claims, or planning for the likely tax consequences, you'll get knowledge you can use right away. Register today! Analyze the latest rules, IRS guidance, and case law shaping IRA planning. Gain clarity on current contribution limits and Required Minimum Distributions (RMDs) rules for effective planning. Recognize common pitfalls in beneficiary designations and understand how the latest regulations will affect your future decision-making. Explore innovative planning options and prioritize your approach when dealing with inherited IRAs.
Recorded March 03, 2025.OnDemand6 hours 4 minutes
TrustsFastTrackIndividual Wealth, Trusts, and Estates Tax Forecast for 2025 and Beyond
2025 is slated to be the year of change for estate planners. What will the new administration bring? How will the expiration of the TCJA tax provisions be handled? How are the role and priorities of the IRS changing? Be prepared for the likely (and potentially surprising) outcomes with an incisive forecast from our tax specialist faculty. Delve into potential policy shifts under the new administration, explore proactive planning strategies for clients, and prepare for specific areas of scrutiny. Stay ahead of the curve - register today! Discuss the chances of TCJA tax cut extension and prepare for new tax burdens if they don't. Ensure compliance and minimize risk when it comes to business reporting and asset transfers. Get tips for building flexibility into your plans.
Recorded February 27, 2025.OnDemand 57 minutes
Best SellerTrustsPuzzling Over Probate Assets
Effective estate administration is a bit like a jigsaw puzzle where the final image is the decedent's intent for final distribution. Its completion is impossible without thoroughly understanding the unique nature of assets comprising each estate. This detailed CLE course outlines the rules and procedures of marshalling, managing, and distributing assets in probate. It also offers a deeper look into real property, digital assets, IRAs, and family business assets. Whether you're advising personal representatives or administering the estate yourself, this course will give you the tools you need. Register today! Ensure all assets are accounted for and improve your initial questionnaire. Determine accurate value of assets and lay solid ground for the final account with thorough inventory. Get tips from the pros for selling, managing, and transferring estate assets. Learn how to identify, access, and appraise digital assets. Tackle top tax reporting issues in probate. Discuss issues pertaining to real estate, retirement accounts, and family businesses in probate.
Live Online + OnDemandApr 21, 2:00 PM
TrustsWrapping Up Estate Administration 101: Final Accounting, Tax, Distributions, and More
Work on the final accounting begins at the first steps of the estate administration and continues until it wraps up all the hard work. Every cent of estate assets, every receipt, expense, and payout must be recorded and balanced before the personal representative is discharged. Are you confident you're not misrepresenting or leaving anything out? This essential overview will walk you through the key steps of structuring, completing, and balancing the final accounting. Identify key mistakes and pain points and come away with helpful troubleshooting examples. Register today! Optimize your estate inventory practices to build a solid foundation for the final account. Properly handle and record distributions. Identify what needs to be filed and when. Walk through the final accounting report and spot problems that may cause it not to balance. Identify top mistakes that can derail the estate closing.
Recorded March 11, 2025.OnDemand5 hours 54 minutes
Best SellerTrustsFinnegan is DEAD! A Walk Through a Fictional Probate Case
Finnegan O'Malley, aged 92, passed away peacefully in his sleep while attempting to break the world record for the longest continuous nap. His last will and testament was found rolled up inside his favorite leprechaun-shaped cookie jar. You're advising his long-suffering nephew Seamus, who nearly fainted when he realized the extent of his duties as a personal representative. Follow this slightly whimsical yet no less legally enlightening case from start to conclusion and let it prepare you for the daily toils and troubles of probate practice. Register today! See the ridiculous extent of Finnegan's estate and get tips for inventory and management. Learn what to do with creditor claims, even wildly outlandish ones. Follow the very real probate timeline and deadlines to ensure timely administration. Understand tax-reporting requirements in probate. Discover how to predict, prevent, and resolve common (and sometimes slightly absurd) disputes. This program was designed in conjunction with NBI's esteemed 2023-2025 Content Advisory Committee Member attorney Louis Silverman.
Live Online + OnDemandApr 29, 2:00 PM
Business & Securities LawLLC Formation and Operation: 2025 Legal Guide
The many uses of LLCs and their benefits are undeniable. However, the laws are changing, and to keep LLCs from becoming vulnerable, you need an updated analysis of how to create and operate them. This legal course outlines each step of LLC formation and operation with a view to the future. Dig into how LLCs are taxed, critical formalities that preserve the corporate veil, and get guidance for sale and transfer of interest. Register today! Get a refresher on the basics of LLC creation and management. Find out how the Corporate Transparency Act is changing LLC practices. Lay out member duties and powers and address potential disputes. Discuss critical factors in early decisions on entity selection and creation. Explore best practices for LLC taxation. Boost your LLCs' corporate veil protections with best advice for sound formalities and operation.
Recorded March 12, 2025.OnDemand5 hours 52 minutes
TaxTax Basis in Probate
Understanding the concept of tax basis and the stepped-up basis rule is essential for every attorney handling trusts and estates cases, especially new attorneys. Master these principles to help your clients maximize the tax benefits of inherited assets and ensure a smooth transition of wealth to the next generation. Register today! Clarify the role of tax basis in the transfer of assets from decedent to beneficiaries. Prevent mistakes in calculating stepped-up basis (consider IRD and other exceptions and special rules!). Avoid serious tax consequences for failure to correctly report the stepped-up basis.
Live Online + OnDemandApr 22, 5:00 PM
TrustsMega Gifts in Anticipation of Estate Tax Exemption Sunset in 2025
The current sky-high gift tax exclusion amount that is slated to end in 2025 creates a once-in-a-lifetime opportunity for affluent clients to save on intra-vivos transfers if they act fast. But many are reluctant to shift their wealth to the next generation with no controls. This strategic briefing outlines practical solutions to taking advantage of this time-sensitive tax-saving technique while controlling risk and future distributions. Determine who can benefit, how to execute the gifts and keep IRS reporting beyond reproach, and create planning solutions beyond outright gifts. Help your clients succeed - register today!
Live Online + OnDemandApr 17, 7:00 PM
Best SellerTaxUnderstanding Tax Returns and Financial Statements: Practical Application for Legal Practice
How confident are you in your ability to assess the financial health of a client's business? How often do you wish Google Translate would work on financial records? If you've ever been concerned your lack of financial understanding may hinder your ability to represent your client effectively or is hurting your firm financially, this course is for you. This comprehensive course is designed to equip attorneys with the essential financial acumen needed for effective legal practice. by delving into the intricacies of financial statements, tax returns, and forensic analysis tools, participants will gain a working knowledge of business recordkeeping and tax reporting. Power up your skills - register today! Learn to accurately assess a business's financial performance and identify potential risks and opportunities. Develop the skills to navigate financial records and uncover critical information. Gain insights into a company's financial history and potential liabilities with IRS records. Discover tools to legally reduce your tax burden and increase profitability.
Recorded February 26, 2025.OnDemand5 hours 50 minutes
ImmigrationFastTrackConsidering Expatriation: Legal and Tax Answers
U.S. expats have complex obligations due to the unique nature of the U.S. tax system, and it's critical to plan ahead and comply with all relevant rules to avoid penalties. This legal update will outline critical factors that must shape your clients' decision to move abroad. Clarify the rules of noncitizens owning property in the U.S., ensure all taxes are paid, and learn what it takes to renounce U.S. citizenship. Get the answers to questions your clients haven't thought to ask - register today! Navigate foreign account reporting requirements to protect your clients' financial interests in international transactions. Help clients minimize their tax burden while remaining compliant with U.S. law. Advise clients who are considering citizenship renunciation on its tax implications.
Recorded March 19, 2025.OnDemand 58 minutes
Best SellerPA SpecificTrustsPennsylvania Estate Administration From Start to Finish
Whether you're new to estate administration or need a basic refresher, this course will provide you with a comprehensive overview of estate administration, including proper asset valuation and distribution, taxation, and account closing procedures. You'll also learn how to correctly deal with thorny estate administration debt issues, including jointly held assets, business ownership and complex tax issues. Equip yourself with real-life, practical knowledge to ensure you are fully prepared to handle the entire estate administration process from start to finish - register today! Learn how to meet every deadline, follow procedures, and complete essential forms. Identify key estate administration pitfalls you need to avoid. Come away with helpful forms, sample documents, and checklists to assist in the process. Acquire strategies to ensure you can help your clients through every step of the probate process. Manage your client's entire estate administration procedures properly and effectively. Learn how to tackle complex estate administration issues such as tax issues, jointly held assets, and will contests. Understand how to properly transfer and distribute assets. Explore proper procedures and processes when dealing with insurance claims and debt during estate administration. Gain a better understanding of the probate court's procedures so that you can avoid common pitfalls and mistakes. Get the latest information on allowances and elections against the will. Identify how to properly distribute assets to minors, surviving spouses and trusts.
Recorded April 03, 2025.OnDemand6 hours 32 minutes
Best SellerFL SpecificTrustsFlorida Probate Process from Start to Finish
This "a through z" guide to probate is designed to take you from the first days of the estate timeline through all the steps of marshaling and valuing estate assets, locating and paying the creditors, paying the beneficiaries, and laying the estate to rest. You will receive the latest updates on the probate court procedure and tax laws, practical guidance from experienced probate attorneys on using spousal elective share and resolving estate disputes, and sample forms and checklists to speed up the administration process. Build a solid foundation for your probate practice - register today! Learn the procedure, rules and practical steps to effectively administer a probate. Determine what form of administration is appropriate for a specific probate case. Clarify the order of inheritance for an estate when there is no will. Locate assets and obtain ownership documents more easily with a list of local and online resources. Get a complete view of the sequence of events that must happen before the estate can be closed. Identify common actions that trigger malpractice liability and get tips for staying in the clear. Get practical advice for honoring or contesting all claims against the estate. Learn what common closing mistakes can allow the estate to be re-opened, and how to avoid them.
Recorded March 31, 2025.OnDemand6 hours 35 minutes