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This webinar is designed to equip you with the knowledge and skills needed to effectively navigate through the complexities of Form 706.

During this session, our expert presenter will walk you through the entire process of preparing the Form 706 Estate Tax Return. You will learn essential tips, tricks, and best practices to ensure accuracy and compliance while maximizing tax-saving opportunities.

Key Topics Covered:

• Understanding the purpose and significance of Form 706
• Identifying assets subject to estate tax
• Proper valuation techniques for different types of assets
• Filing requirements and deadlines
• Navigating common pitfalls and avoiding penalties
• Leveraging deductions and credits to minimize estate tax liability
• Recent updates and changes to the Form 706

Whether you are new to estate tax returns or seeking to enhance your existing knowledge, this webinar is a must-attend event. Don’t miss out on this opportunity to expand your expertise and gain confidence in handling the Form 706 Estate Tax Return.

Basis is trickier than it might appear. Many believe they understand the concept, however once mired in a specific case questions emerge. The current estate planning environment requires planners to understand the income tax, especially basis, better than the estate tax. This course will cover the following topics:

*         Basis of property acquired by gift

*         Basis of property subject to gift tax

*         Basis of property acquired by gift immediately before death

*         Basis of property acquired from a decedent

*         Distribution standards & basis

*         Basis of purchases & reinvestments made by a executor

*         Basis of property subject to a power of appointment

*         Basis of property sold to an intentionally defective grantor trust before death

*         Basis of property sold to an intentionally defective grantor trust after death

*         Basis of property transferred back to the donor after the death of the recipient

*         Basis of nonqualified annuities, IRAs, and other items of IRD

*         Basis in community and separate property states

*         Basis of property held by an incomplete gift non-grantor trust

*         Basis and grantor trust substitution powers

*         Basis of property sold using a private annuity

Roth conversions have always had the potential to unlock hidden value. However, 2024 may be an especially effective year to consider a conversion as many marginal tax rate increases seem to be clearly on the horizon along with significant changes to conversion and accumulation rules. Should there be substantial market volatility the timing may be near perfect.

Moreover, SECURE 2.0 expands the impact of Roth conversions beyond a quantitative arbitrage game to a strategic estate planning issue. Therefore, quantitative driven strategies can mitigate the impact of lost deferral and Roth conversions will be the primary tool for most families.

Specifically, this webinar will cover the following topics:

• Low value Roth conversions
• Repaying coronavirus-related distributions to a Roth Account
• Critical Roth conversion concepts after SECURE
• 10+ Reasons to convert to a Roth IRA
• Taxation of Roth IRA conversions and distributions
• Easy to read conversion tables by common scenarios
• Mathematics of Roth IRA conversions
• Timing of Roth IRA conversions to gain tax rate arbitrage
• Estate tax considerations and why a Roth conversion is much better when an estate tax exists
• Hedging Roth conversions with life insurance
• Using insurance to preserve post-death “stretch-out”

Because of Sunset, Spousal Lifetime Access Trusts have become one of the most commonly-used and powerful planning techniques in the planner’s toolbox. In his exclusive LISI Webinar, Bob Keebler, CPA/PFS, AEP (Distinguished), will give you all you need to know about  on planning with SLATs, including:

• Understanding the key components of a SLAT, how they work and why they’re used
• Learn how the Reciprocal Trust Doctrine works and how to avoid it
• Why SLATs are efficient even for clients who won’t be subject to the estate tax, and more importantly, even when the unified credit is cut in half
• Why is it important to mix and match techniques like SLATs, DAPTs, hybrid DAPTs, and SPATs to get the best results for your clients?
• Understanding when a SLAT is taxed versus being disregarded and when to “toggle off” grantor tax status
• What are the most critical considerations for ensuring that clients maintain control/access to their trust assets
• Commons traps for the unwary in these commonly used trusts
• Common risk management and compliance issues that must be considered when using these trusts with clients
• Choosing the right situs and trustee
• Funding considerations and asset protection considerations
• Critical case studies that demonstrate all of the concepts mentioned above

Who should take this class? CPAs, attorneys,  financial planners and other professional financial planners who regularly deal with estate planning, tax and retirement planning issues.

Roth conversions have always had the potential to unlock hidden value. However, 2024 may be an especially effective year to consider a conversion as many marginal tax rate increases seem to be clearly on the horizon along with significant changes to conversion and accumulation rules. Should there be substantial market volatility the timing may be near perfect.

Moreover, SECURE 2.0 expands the impact of Roth conversions beyond a quantitative arbitrage game to a strategic estate planning issue. Therefore, quantitative driven strategies can mitigate the impact of lost deferral and Roth conversions will be the primary tool for most families.

Specifically, this webinar will cover the following topics:

• Low value Roth conversions
• Repaying coronavirus-related distributions to a Roth Account
• Critical Roth conversion concepts after SECURE
• 10+ Reasons to convert to a Roth IRA
• Taxation of Roth IRA conversions and distributions
• Easy to read conversion tables by common scenarios
• Mathematics of Roth IRA conversions
• Timing of Roth IRA conversions to gain tax rate arbitrage
• Estate tax considerations and why a Roth conversion is much better when an estate tax exists
• Hedging Roth conversions with life insurance
• Using insurance to preserve post-death “stretch-out”

In this class Bob Keebler will review the following:

• The use of charitable remainder trusts to defer and eliminate capital gains
• The use of § 453 installment sales to reduce capital gains and how to elect out of installment sale treatment to accelerate gains into 2025
• The Math of recognizing capital gains in 2024
• Grantor charitable lead trusts to decrease capital gains
• Direct charitable gifts to reduce capital gains
• Opportunity zones to more effectively manage capital gains
• Integrating loss harvesting in an overall capital gains strategy
• Using 1031 exchanges to ease capital gains
• The use of collars, variable forward sales and options to better manage capital gains
• IRC § 1259 “choking” collar to trigger capital gains in 2024 or defer to a future date
• “Short against the box” strategies to choose between recognizing gains in 2024 or 2025

In this class Bob Keebler will review the following:

• The use of charitable remainder trusts to defer and eliminate capital gains
• The use of § 453 installment sales to reduce capital gains and how to elect out of installment sale treatment to accelerate gains into 2025
• The Math of recognizing capital gains in 2024
• Grantor charitable lead trusts to decrease capital gains
• Direct charitable gifts to reduce capital gains
• Opportunity zones to more effectively manage capital gains
• Integrating loss harvesting in an overall capital gains strategy
• Using 1031 exchanges to ease capital gains
• The use of collars, variable forward sales and options to better manage capital gains
• IRC § 1259 “choking” collar to trigger capital gains in 2024 or defer to a future date
• “Short against the box” strategies to choose between recognizing gains in 2024 or 2025

In this fast-paced webinar Bob Keebler will present a summary of California’s new fiduciary income tax law requiring incomplete trusts to be taxed in California as a California grantor trust.

This is must-have information for all California, Alaska, Delaware, Nevada, South Dakota and Wyoming trust officers, CPAs and trust and estate lawyers.

Bob will address precisely what the Bill does and solutions, including:

• Overview of prior California law and Federal law.
• Overview of the new statute.
• The election to be treated as a California “nongrantor trust.”
• No free lunch on earlier “throwback years.”
• The use of completed gift trusts to avoid the reach of the California law.
• The use of charitable remainder trusts to defer Federal and California Tax.
• Transferring property from existing INGs to completed gift trusts.
• Selling property from INGs to completed gift trusts via IRC § 453 installment sales.
• Using life insurance and other tax shelter strategies.
• Other ideas to mitigate California’s attempt to checkmate the ING strategy.

In this fast-paced webinar Bob Keebler will present a summary of California’s new fiduciary income tax law requiring incomplete trusts to be taxed in California as a California grantor trust.

This is must-have information for all California, Alaska, Delaware, Nevada, South Dakota and Wyoming trust officers, CPAs and trust and estate lawyers.

Bob will address precisely what the Bill does and solutions, including:

• Overview of prior California law and Federal law.
• Overview of the new statute.
• The election to be treated as a California “nongrantor trust.”
• No free lunch on earlier “throwback years.”
• The use of completed gift trusts to avoid the reach of the California law.
• The use of charitable remainder trusts to defer Federal and California Tax.
• Transferring property from existing INGs to completed gift trusts.
• Selling property from INGs to completed gift trusts via IRC § 453 installment sales.
• Using life insurance and other tax shelter strategies.
• Other ideas to mitigate California’s attempt to checkmate the ING strategy.

There have been changes in estate, tax, income, and retirement planning laws coming for a while now and it is more imperative than ever for estate planners to stay on top of these changes. Includes: Monthly bulletin sent via e-mail (approximately the third week of the month). Subscribe for $49 per month.

Most estate planning professionals are already very well aware that the SECURE Act brought with it some of the biggest changes to IRA planning for clients than we have seen during our lifetime. That’s why it’s so important as estate planners that we have what we need to understand the SECURE Act and what you need to know to properly advise your clients.

This is why we, as we have in the past, have teamed up with nationally renowned CPA and IRA expert, Robert S. Keebler, to break it down for you so that you don’t have to do it yourself. Subscribe to the Printable EBook. (Includes: Downloadable, printable PDF e-Book. Pages 108.)