CPE Credits: 2
Course Level: Basic
Prerequisites: Basic knowledge of estate taxation
Advance Preparation: None
Fees: $49 for Members and $60 for Nonmembers
Summary
The year 2010 began with estate taxes eliminated for one year. While seemingly positive, this law change presented a complicated method for determining a beneficiary’s basis in assets. The year 2010 ended with another estate tax change, this time giving taxpayers the ability to apply the new 2010 rules or to apply the old step up or step down rules. This webinar will discuss the applicability and impact of the various choices on both the estate and the beneficiaries.
Objectives:
Upon completion of this webinar, you will be able to:
- Determine when and how to make applicable estate tax elections.
- Discuss the impact of the alternatives on both the decedent and the beneficiaries .
- Identify the impact of elections made in both community and non-community property states.
- Provide gift tax planning strategies for your clients.
- Implement various estate planning strategies.
Presenter: Steven O'Rourke, EA