What Practitioners Need to Know About Estate Planning and Administering a Client's Estate
3.00 Credits
Member Price $99
Non-Member Price $149
Overview
This course is offered in collaboration with multiple state societies and is hosted by the Indiana Society of CPAs.
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 • 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
Leader(s):
Leader Bios
Jason Carney, Surgent McCoy CPE, LLC
Jason Carney, CPA, CISA, PMP, CISSP, CCSP, Esq. is a Lead Information Security Analyst with Thomson Reuters. He has more than 15 years of experience in public accounting, consulting and industry. His specialties include information security, tax problem resolution and data analysis. Carney has worked in Federal Finance, Information Security and Tax. He is a member of the Minnesota Bar and was a President’s Scholar at the University of Saint Thomas Law School. Carney co-founded the Scott County Conciliation Clinic and represents impoverished debtors pro bono in association with the Volunteer Lawyers Network. He wrote “What is Business Intelligence and Why Should CPAs Care?” for Footnote and contributed to the upcoming What Every Lawyer Needs to Know About Client Trust Accounts.
Non-Member Price $149
Member Price $99