Tax

4.47

Income Tax Consequences of Estate Planning Tactics

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Hawaii CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
OnDemand
5 hours 52 minutes
Robert Barnett
Carl Fiore
Brian Isaacson
Paul Jones
Neal Jannol
With Robert S. Barnett from Capell Barnett Matalon & Schoenfeld LLP + 4 others
Recorded August 06, 2024
Product ID 98933

Buy This Course

Course Includes
$429

OnDemand Video

Video Download

Course Book Download

or
Upgrade to Unlimited CLE and Get This Course
$129/month
All Inclusive CLE subscribers save an average of $3,000/year on CLE costs.

Overview

Practical Tax Tips for Trusts and Estates Practitioners

Managing income tax is one of the driving forces of today's estate planning. Do you know how the tools you're using affect grantors' and beneficiaries' income tax liability? Are there more tax-efficient ways to accomplish the same goals? This practical review of trusts and estates income taxation offers guidance on the most effective ways to predict and control tax burdens. Register today!

  • Get the latest update on the critical tax laws and regulations shaping estate planning.
  • Weigh the income tax consequences of estate planning tools.
  • Explore common trust deductions and learn how to claim them correctly.
  • Review key income tax forms and checklists to prevent inconsistencies and errors.
  • Guard your professional reputation with a tailored instruction on ethical considerations in estate planning.

Abbreviated Agenda

  1. Income Tax Update: Current Laws, Rates and Regulations Affecting Estate Planning
  2. Essential Trusts and Their Taxation
  3. Maximizing the Tax Benefits of Charitable Giving
  4. Planning With the Step-Up in Basis
  5. IRA and Retirement Planning
  6. Beneficiary Income Tax Implications of Lifetime Gifts
  7. Business Planning and Income Tax
  8. Tips for Communicating With Taxing Authorities
  9. Legal Ethics in Estate Planning

Related Topics

Product ID 98933

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Hawaii CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Income Tax Update: Current Laws, Rates and Regulations Affecting Estate Planning

  2. Essential Trusts and Their Taxation

    1. Basic Trust Types and Tax Implications (Revocable, Grantor, Irrevocable)
    2. Case Studies: Choosing the Right Trust for Tax Efficiency
    3. Allocating Capital Gains to Income (DNI)
    4. Irrevocable Trust Modification for Tax Reimbursement After CCA 20235201
    5. Effective Use of Deductions

  3. Maximizing the Tax Benefits of Charitable Giving

  4. Planning With the Step-Up in Basis

  5. IRA and Retirement Planning

    1. Basic IRA Rules and Tax Implications (Traditional vs. Roth)
    2. Rollovers and RMDs
    3. Inherited Assets

  6. Beneficiary Income Tax Implications of Lifetime Gifts

  7. Business Planning and Income Tax

    1. Family Limited Partnerships (FLPs)
    2. Pass-Through Entities and Section 199A Benefits: Who Qualifies for and Benefits From the QBI Deduction?

  8. Tips for Communicating With Taxing Authorities

    1. Income Tax Forms and Deadlines Checklist
    2. Resolving Tax Disputes and Avoiding Penalties
    3. IRS Private Letter Rulings

  9. Legal Ethics in Estate Planning

    1. Who is the Client? Representing Multiple Parties
    2. Client Confidentiality and Trust Disclosures
    3. Duty of Competence: Utilizing Specialists and Staying Up to Date on Tax Laws
    4. Client Communications and Transparency
    5. Undue Influence and Exploitation
    6. Misrepresentation and Dishonesty
    7. Fee Setting and Transparency

Who Should Attend

This legal course is designed for attorneys. Accountants, enrolled agents, tax professionals, trustees, fiduciaries, and paralegals will also benefit.

Speakers

Robert S Barnett
Robert S.
Barnett
Capell Barnett Matalon & Schoenfeld LLP
Carl C Fiore
Carl C.
Fiore
Andersen US National Tax
Brian G Isaacson
Brian G.
Isaacson
Washington Elder Law PLLC
Paul W Jones
Paul W.
Jones
Hale | Wood pllc
Neal B Jannol
Neal B.
Jannol
Law Office of Neal B. Jannol
Speaker bio
Robert S Barnett

Robert S. Barnett

Capell Barnett Matalon & Schoenfeld LLP
Robert Barnett

is a founding partner in the law firm of Capell Barnett Matalon & Schoenfeld, LLP, where he practices is the areas of taxation, trusts, estates, corporate and partnership law, and charitable planning. His experience includes Surrogate's Court practice, tax dispute resolution in both federal and state jurisdictions, and tax court representation. Mr. Barnett serves on the Nassau County Bar Association's Academy of Law and is co-chair of the Tax Committee. He is the vice president and an executive board member of the Nassau Chapter of the New York State Society of CPAs. Mr. Barnett earned his B.S. degree, magna cum laude, from Hofstra University and his J.D. degree, cum laude, from the Fordham University School of Law.

View full profile
Speaker bio
Carl C Fiore

Carl C. Fiore

Andersen US National Tax
Carl Fiore

in a managing director in the Andersen US National Tax office, where he focuses on gift, estate, individual, charitable and fiduciary tax consulting and compliance matters. Mr. Fiore has worked with numerous families and closely held businesses to develop and implement wealth maximization plans through the use of family entities, income tax planning, stock option planning, charitable giving strategies, and effective gift and estate tax planning. His primary practice areas are gift and estate planning, charitable planning, planning for same-sex couples, and fiduciary income tax. Mr. Fiore also has experience in federal and state income tax consulting and compliance for individuals, partnerships, fiduciaries, estates, corporations, and private foundations. He is a lead member of the firm's estate planning group, which has extensive experience in serving the estate, gift, and fiduciary tax consulting and compliance needs of corporate and private trustees, as well as individuals. Along with numerous speaking engagements, Mr. Fiore also has been published in Trusts & Estates, Metropolitan Corporate Counsel and TaxStringer. Before joining Andersen Tax, he worked in the private client services practice of an international professional services firm, and as a trusts and estates associate at a national law firm. Mr. Fiore earned his B.A. degree from Hamilton College, his J.D. degree from St. John's School of Law and his LL.M. degree in estate planning from the University of Miami School of Law. He is a member of the New York State Bar Association and the American Bar Association.

View full profile
Speaker bio
Brian G Isaacson

Brian G. Isaacson

Washington Elder Law PLLC
Brian Isaacson

is a sole practitioner in Seattle at Isaacson Law Firm. He is a member of the Academy of Attorney-CPAs, whose practice focuses on IRA planning, estate and trust tax planning and controversy, and Medicaid benefits planning. Mr. Isaacson is the co-author of a handbook titled, Protect Your IRA, Avoid the 5 Common Mistakes. He earned his B.A. degree from St. Martin's College, his J.D. degree from Seattle University School of Law and his LL.M. degree in taxation from the University of Denver.

View full profile
Speaker bio
Paul W Jones

Paul W. Jones

Hale | Wood pllc
Paul Jones

is a partner in the law firm of Hale & Wood, PLLC, where he practices in the areas of tax, business, estate planning, wills, trust, probate, and real estate. He is admitted to practice before the Utah Supreme Court, Federal District Court of Utah and the U.S. Tax Court. Mr. Jones is a member of the Utah State Bar. He is also a licensed certified public accountant. Mr. Jones earned his B.A. degree and his J.D. degree, with honors, from the University of Utah; and his Masters of Prof. Accountancy degree from Weber State University.

View full profile
Speaker bio
Neal B Jannol

Neal B. Jannol

Law Office of Neal B. Jannol
Neal Jannol

is a sole practitioner in Los Angeles at the Law Office of Neal B. Jannol. He has been an attorney for more than 20 years, and concentrates his practice on sophisticated estate and tax planning for individual clients, the representation of individual and corporate fiduciaries, and the administration of estates and trusts. Mr. Jannol's experience includes drafting revocable and irrevocable trusts, business succession planning, premarital planning, charitable gift planning, and all aspects of estate administration and probate procedures. He is a member of the State Bar of California. Mr. Jannol earned his B.A. degree, magna cum laude, from the University of California at Los Angeles and his J.D. degree from the University of California at Berkeley, Boalt Hall School of Law.

View full profile

TOP FAQs

How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 14 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

Have more questions? Please Contact Us