How 2020 Impacted Estate Planning (Completed)

Date: Monday, January 25, 2021
Instructor: Klaralee R. Charlton
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Estate Planning for CFP

The Secure Act, Cares Act, and Future Changes to the Estate Tax Exemption

Estate planning is enjoying a renaissance in the wake of 2020 as clients realize that death and incapacity are inevitable. In the wake of the Tax Cuts and Jobs Act, the Secure Act, and the Cares Act, clients are scrambling to analyze opportunities to minimize future income and estate tax. In this course we will review and analyze the income tax impact to beneficiaries of inherited IRAs and explore estate planning techniques that can address these concerns. Additionally, we will review the impending decrease in the estate tax exemption under the Tax Cuts and Jobs Act and explore the details of complex estate tax planning strategies that can prepare your clients for the exemption decrease.

Who Should Attend
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

  • Key Estate Planning Topics to Frequently Remind Clients
  • Changes to Retirement Plan Savings and Withdrawal Rules
  • Modification of Beneficiary Withdrawal Rules
  • Future Decrease of The Estate Tax Credit Under the Tax Cuts and Jobs Act
  • Application of Estate Tax Planning Strategies for Clients Exceeding Future Credit Thresholds

Learning Objectives

  • Recognize how to summarize the main estate planning techniques and when clients should seek out estate planning services
  • Describe the changes to inherited retirement accounts under the Secure Act and Cares Act
  • Recognize how to analyze the potential tax impacts related to changes to the IRA contribution, withdrawal, and beneficiary rules
  • Describe how to recommend estate and financial planning ideas for clients looking to reduce tax liability while achieving estate planning goals
  • Identify the future estate tax credit decrease under the Tax Cuts and Jobs Act and the implications to clients with significant assets


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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