Surgent's What Practitioners Need to Know About Estate Planning and Administering a Client's Estate

Overview

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. The purpose of this program is to discuss those issues that practitioners with clients involved in estate planning administration need to know so as to be able to advise those clients. Lack of planning and preparedness in estate issues can cost the heirs time and money upon a decedent’s death.

Highlights

• The federal transfer tax exemption for 2023 and 2024
• 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

Designed For

Any finance or accounting practitioner advising clients with respect to estate planning and administration

Objectives

• Advise clients regarding the latest information on estate planning and administration

Preparation

None