Application of Estate Planning Concepts

Participants learn how to analyze the most common estate planning situations, how to identify the estate tax exposure, and how to utilize techniques that achieve client goals while minimizing taxes. Participants are also provided with illustrations that can facilitate communication of the estate planning process to clients. Key topics include: – Defining estate planning and how it is conducted – Estimating potential tax exposure – How to utilize credits, deductions, and exclusions to minimize estate taxes – Impact of the 2012 Tax Relief Act – Portability of the Deceased Spousal Unused Exclusion Amount – Applicable Exclusion Trusts (Credit Shelter Trusts) – General POA Marital Trusts – QTIP Marital Trusts – QDOT Trusts – Durable Power of Attorney – Living Wills – Protecting against incapacity – Utilization of joint property in estate planning – Gifting strategies – Rules of thumb for gifting programs