RIP (Estate Planning)

Accountants spend most of their professional lives planning for one event or another: their career, their families, their taxes, and, of course, other peoples’ taxes. However, few professionals have thoroughly considered the aspect of estate planning and its implications on taxation.

This course provides a detailed review of important estate planning matters for practitioners who deal with owner-managers or clients with a high net worth. Specifically, you will gain enhanced estate planning skills, an introduction to important tax and estate planning concepts, useful tips, and an updated reference source.

You will develop a working understanding of how to initiate and undertake effective estate planning for clients. The course emphasizes the maintenance of flexibility in the estate plan while managing estate planning risk.

Course Content:

In this course, you will gain knowledge about the following topics:

• Planning for deemed disposition at death
• Planning and using trusts
• Post-mortem planning
• The use of life insurance in planning
• A U.S. estate (and gift) tax review
• The preparation and discussion of practical examples through a case study

Learning Objectives:

Upon completing this course, you should be able to:

• Identify significant issues relating to estate planning and the use of trusts
• Analyze post-mortem planning alternatives in the context of fact-specific scenarios
• Explain the use of life insurance in estate and post-mortem planning
• Identify U.S. estate tax issues