Course Description:
Estate planning is essential for preserving wealth and ensuring a smooth transition of assets. This comprehensive IRS-approved course equips you with the knowledge to implement effective estate planning strategies. You will gain a deep understanding of various trust structures, including revocable, irrevocable, and charitable remainder trusts, and how they impact tax liabilities.
Whether you are advising high-net-worth clients or managing small estate cases, this course will provide you with actionable insights to streamline the estate planning process and maximize asset protection. This is your opportunity to become proficient in IRS-approved estate planning techniques and give your clients peace of mind.
This course counts for 2 hours of IRS CE under the category of Federal Tax Law Related Matters.
Learning Objectives:
✅ Wealth Transfer & Estate Planning:
- Guide clients through the smooth and tax-efficient transfer of assets to heirs, addressing legal requirements and potential pitfalls.
- Understand estate, gift, and income tax implications in inheritance planning.
- Get a grasp on the proper tax forms required and know when they need to be filed.
✅ Charitable Giving & Philanthropy:
- Advise on tax-efficient charitable giving strategies that align with clients' philanthropic goals.
- Leverage charitable trusts and gifting methods to maximize tax benefits for donors and charitable organizations.
✅ Trust Structures & Asset Protection:
- Employ trust structures and asset protection strategies to safeguard wealth against potential risks and creditors' claims.
- Differentiate between revocable vs. irrevocable trusts and their tax consequences.
✅ Minimizing Tax Liabilities:
- Apply strategies to reduce estate, gift, and income tax liabilities while maximizing the assets passed on to beneficiaries.
- Stay updated on recent IRS regulations and tax law changes affecting trusts and estates.
- Understand the estate tax exemption and possible upcoming changes.
This course counts for 2 hours of IRS CE under the category of Federal Tax Law Related Matters.
About the Presenter:
Dr. Bart A. Basi, the Senior Advisor at The Center for Financial, Legal & Tax Planning, Inc., is a distinguished attorney and CPA, who also holds a Doctorate in Economics. As a Tax Course Instructor for the Internal Revenue Service’s Annual Filing Season Program, he educates tax preparers nationwide. Licensed in Illinois and New York, and admitted to the United States Supreme Court, Dr. Basi imparts expertise to CPAs and attorneys on financial, legal, and tax matters. Renowned as a sought-after speaker, he addresses audiences on topics including taxes, mergers, acquisitions, succession planning, and valuations for private companies. Additionally, Dr. Basi serves as a trusted advisor, guiding businesses through the complexities of inflation and economic impacts on strategic decision-making for private companies.
