What Was That Tax Bracket? Federal Income Tax Rules for Trusts and Estates – How to Address Common (and Not So Common) Issues

The goal of this session is to leae you feeling empowered to make a difference and leave a legacy. Few diverse lawyers are members of the trusts and estates bar and the pipeline is not particularly encouraging. Learn more about the diversity challenges facing the trusts and estates bar and the unique impact of such challenges. This program also offers tips for increasing diversity in your practice (regardless of size) as well as in the trusts and estates bar more generally.

Take a look at the steps for properly preparing and filing estate and gift tax returns, including a review of valuation methods, valuation discounts, Section 2032A elections, Section 6166 elections, QTIP elections (including Illinois) and GST elections.

As life “happens” to our aging clients, their needs can change in unimaginable ways. Sometimes, they need protection from bad actors. Sometimes, they unwittingly become a bad actor. Sometimes, they have caregiving needs at great expense. This session will cover the legal rules that you will face and the solutions you can offer when protecting clients in some of these circumstances.