Federal Income Taxation for Estate Planning & Administration (2019)

Learn more about how the Tax Cuts & Jobs Act affects estate planning practice. Topics discussed include: estate planning with the increased federal exemption (and possible sunset); changes to make to planning and documents (formulas, basis, use of federal, state and GST exemptions); building in flexibility to maximize basis step up; using powers of appointment to cause inclusion; and gifting.

Learn best practices for planning for the transition of a business through sale or transfer to the next generation, including how to effectively deal with family members both in and out of the business. Includes discussion of the impact of buy-sell agreements, valuation issues, and estate tax planning on succession planning.

A Forbes article confirms that elder and long-term care is rapidly becoming one of the most daunting healthcare challenges of our day: “between 2015 and 2030, the number of people in the world aged 60 years or over is expected to grow by 56%, from just over 900 million to nearly 1.5 billion. By 2050, the global population of people older than 60 is expected to jump to two billion. In the United States, the number of Americans over the age of 65 is expected to double from roughly 50 million today to nearly 100 million by 2060”. This 30-minute program explores the impact to attorneys of this demographic change which is a defining issue of our time, including: the impact of the aging population; traditional estate planning practices; long-term care considerations; evaluating appropriate long-term care planning for your client; and coordinating long-term care strategies into an estate plan.