Postmortem Estate Planning: Navigating Decedent's Estate Issues WEBCAST

Overview

In the ever-evolving field of estate planning, addressing complex issues that arise after a client’s death is essential. Postmortem estate planning plays a critical role in managing key elements like the decedent’s estate tax return, final income tax return, estate income tax return, and heirs’ financial planning. This course provides practitioners with the tools and insights necessary to navigate after-death planning issues and efficiently handle the administration of a decedent’s estate. Participants will gain a comprehensive understanding of crucial topics such as alternative valuation dates, QTIP elections, basis complexities, and income tax issues. Through this course, professionals will be equipped to provide strategic postmortem planning advice, optimizing benefits for the estate and its beneficiaries.

Highlights

Alternative valuation date. Portability and its role in estate tax planning. Installment payments of estate taxes. Use of QTIP elections under IRC Schedule 2056(b)(7). Qualified disclaimers and their benefits. Basis issues in postmortem planning. Decedent’s final income tax return and payment of estimated taxes. Managing medical expenses and administrative expenses efficiently. Sixty-five-day rule election. Income and deductions in respect of the decedent (IRD) and its implications.

Prerequisites

Basic understanding of estate planning.

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers.

Objectives

Recognize planning issues that arise when handling the estate of a decedent. Apply the alternative valuation date and assess its implications. Explain the role of portability in estate tax planning. Identify opportunities for and requirements of installment payments for estate taxes. Utilize QTIP elections effectively under IRC Schedule 2056(b)(7). Implement qualified disclaimers in postmortem planning. Navigate income and deductions in respect of a decedent (IRD). Handle the decedent’s final income tax return and optimize tax savings.

Preparation

None.

Notice

None.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

Leader Bios

Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd

4.94 stars out of 5 - speaker rating for 2019

“Art Werner is a great speaker. Smart and entertaining.”
“Very well done! [Art Werner is] engaging and answered questions.”
“Great use of examples [by Art Werner], made the day fly by.” - past attendees

Art Werner is currently a shareholder in and is the President of the lecture firm Werner - Rocca Seminars, Ltd. Mr. Werner’s areas of expertise include business, tax, financial, and estate planning for high net worth individuals. In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University located in Philadelphia, Pennsylvania. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants, Enrolled Agents, Insurance Agents, and Financial Planners, and has presented well in excess of 2,000 eight-hour seminars over the past 20 years. Over the past 20 years, Mr. Werner was rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

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