Explore the possible changes in tax law that could impact estate planning, and how to best advise clients during this time of uncertainty.
Recent events, including the 2020 election, may result in changes to tax laws that could be effective as soon as January. One major change may be the reduction of the current estate and gift tax exemption to less than half of its current amount. For clients with sufficient wealth, this may mean that making lifetime gifts now, before the law changes, could save a significant amount of eventual estate tax. For other clients, estate taxes may now become a concern, when they haven't been previously, requiring a revision to their estate planning documents. All clients, including those unlikely to be affected by the estate tax, still can benefit from having a solid estate plan in place, which may include trusts to protect assets from waste and creditor claims. This material will explore the possible changes in tax law that could impact estate planning, and how to best advise clients during this time of uncertainty. The information will also review the benefits of using trusts in estate planning in general, and sophisticated trust strategies that may be useful for high net worth clients, including those who have significant pension plans and IRAs.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Recent Events That Could Impact Estate Tax Planning
- Need for Revenue Due to Pandemic
- Presidential and Congressional Elections
Impact on Estate Planning in General
- Everyone Still Needs a Good Estate Plan - Regardless of Tax Issues
- Trusts Make Sense in Most Plans for Several Reasons
Potential Estate Tax Changes
- Decreased Estate Tax Exemption (Reduction Prior to 2026)
- GRAT Restrictions
- Grantor Trust Inclusion in Estate
Planning for Potential Estate Tax Changes
- Lifetime Gifts (Ideally in Trust) to Use the High Exemption
- Maintaining Ability to Use the Gifted Property
- Timing - Should We Rush to Make Gifts Before Year End?
- Ways to "Reverse" Planning If Desired
- Curing Trusts Impacted by Tax Law Changes
Possible Changes to Income Taxes
- Elimination of Step-up in Basis
- Making Death a Taxable Event
- Can We Plan for These Possibilities?
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 7, 2020.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jonathan G. Blattmachr
InterActive Legal
- Principal at InterActive Legal
- More than 45 years of experience in trusts and estates law
- Former partner in Milbank (formerly, Milbank Tweed Hadley & McCloy) in New York
- Admitted to the bars in New York, California, and Alaska
- Wrote or co-wrote nine books and more than 500 articles on estate planning topics
- Writes and lectures extensively on estate and income tax planning, as well as charitable giving
- Editor of Wealth Transfer Planning and founder of InterActive Legal - www.interactivelegal.com
Teresa L. Bush, Esq.
InterActive Legal
- Over 30 years of experience in trusts and estates law
- Director of Education and Support Services for InterActive Legal
- Former attorney with Kelly, Hart, and Hallman in Fort Worth, Texas, and tax consultant with Ernst & Young
- Author of several articles/blogs on estate planning topics
- Director and faculty member of InterActive Legal Academy, a 4-week intensive online course in estate and gift taxation (each Autumn) and basic estate planning (each Spring)
- Frequent presenter of online webinars and training classes, including: Effect of Recent Events on Estate Planning, Estate Planning Before 2026 and Beyond for Married Couples, and Restructuring Trusts for the New Tax Law: Trusts under the SECURE Act
- Graduate, Rice University and University of Texas School of Law
- Can be contacted at [email protected]
Vanessa L. Kanaga, Esq.
InterActive Legal
- CEO of InterActive Legal
- Former associate attorney at Milbank (formerly, Milbank Tweed Hadley & McCloy) and Moses & Singer in New York, and Hinkle Law Firm in Wichita, KS
- Advanced certificate in estate planning, New York University Law School; certificate in business strategy, Cornell University
- Author of several articles/blogs on estate planning topics
- Frequent presenter of online webinars and moderator of InterActive Legal's Roundtable webinar series
- Graduate, Wichita State University and Cornell Law School
- Can be contacted at [email protected]
Add to Wishlist
Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Access to all training products for one year
$699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
