Even though the current transfer tax exemption is extremely high to the point that few decedents have a federal estate tax liability, administering an estate is a burden for many family members. In many cases, the family members will look to their professional advisors for help in estate planning and administering an estate.
DESIGNED FOR
Any finance or accounting practitioner advising clients with respect to estate planning and administration
BENEFITS
- Advise clients regarding the latest information on estate planning and administration
HIGHLIGHTS
- The federal transfer tax exemption
- What constitutes a valid will
- Common trust vehicles often used to safeguard assets
- Consequences of intestacy
- How to transfer property outside of a will
- Legal treatment of marital property
- Transfer of IRAs and retirement plans
- Probate generally and probate for property held outside of the state of decedent’s residence
- When an estate tax return should be filed
- Portability of the Deceased Spousal Unused Exclusion (DSUE) amount
PREREQUISITES
None
ADVANCE PREPARATION
None