Estate Planning: A Comprehensive Overview 2024
8.00 Credits
Member Price $299
Non-Member Price $399
Overview
To get started in estate planning, learn the basics of intestate succession, probate, wills, health care directives, general powers of attorney, trusts, gift and estate tax planning, as well as transfers of assets. Become familiar with some basics of transfer tax planning, including A-B trusts and QTIPs/marital deduction planning, portability, planning with life insurance trusts, family limited partnerships and more. Also, particular attention will be paid to the human elements that are impacted by estate planning and related tax strategies.
Highlights
- Intestate succession and probate administration
- Holding title to assets
- Lifetime asset transfers and testamentary asset transfer planning
- Structures to avoid or minimize transfer taxes
- Living trusts, including A-B and A-B-C, life insurance trusts, terminating irrevocable trusts, use of trust protectors, trust administration during incapacity and post-mortem
Prerequisites
None
Designed For
Tax professionals, CPAs, attorneys and emerging professionals.
Objectives
- Identify tax and non-tax estate planning objectives
- Recognize the impact of our legal system on planning and lack of planning with respect to probate, wills and trusts
- Recognize common issues from basic to advanced gift and estate tax planning
- Identify the skills to deal with gift and estate tax problems, as well as the human impact of client planning
Preparation
None
Leader(s):
Leader Bios
Kenneth Kossoff, CalCPA Education Foundation
Kenneth W. Kossoff, JD began his legal career in January 1984 as an associate at a downtown Los Angeles law firm known as Hoecker & McMahon, a break-off of Blecher, Collins & Hoecker, working on antitrust cases relating to the pricing, transportation and supply of heavy California crude oil. In March 1986, Mr. Kossoff joined the Century City office of a Chicago-based firm then known as Wildman, Harrold, Allen, Dixon, Barash & Hill, where he focused on gaming litigation. In September 1988, Mr. Kossoff joined a seven lawyer firm in Beverly Hills, then known as Nagler & Schneider, later known as Schneider, Goldberg, Rohatiner & Yuen, where he spent the next ten years and developed his focus on estate planning, probate and trust administration.
Non-Member Price $399
Member Price $299