Estate Planning for the 99%

Overview

This is a rebroadcast from AICPA ENGAGE 2026.

Clients with estates under $15 million need an estate plan, and insights from this conference session will help you have those conversations. In addition to estate planning, you’ll also learn key post-mortem tax elections available to small estate owners, including the portability election, along with pertinent federal and state elections and planning when preparing the decedent’s final income tax return and the first return for the estate or trust. Finally, this session will cover the options when the decedent was a partner or shareholder of an S corporation at the time of death.

Highlights

· Estate planning · Portability · Post-mortem tax elections · Planning for final returns

Prerequisites

3-4 years in the profession

Designed For

· Tax professionals advising smaller estates · Estate and trust practitioners reviewing post-mortem elections · CPAs preparing final individual or estate returns · Advisers serving partners or S corporation shareholders

Objectives

• Identify why an estate plan is important, including for estates under $15 million.
• Analyze post-mortem elections, including the mechanics of the portability election available for smaller estates.
• Analyze the various federal and state elections and planning opportunities when preparing the decedent's final income tax return and the first tax return for the estate or trust.
• Compare the options and elections to be considered when a decedent was a partner or shareholder in an S corporation.