Estate Planning Essentials: Fed & Mass Issues (706 & M706)

The Tax Cuts and Jobs Act has introduced a variety of new planning opportunities. Massachusetts however continues to limit its exemption to 1 million dollars. In this program we will guide you through the proper preparation of federal and state estate tax returns as well as any necessary gift tax returns. Using a hypothetical example we will guide you through schedule by schedule the preparation of a federal and Massachusetts estate tax return along with an explanation of the different estate planning techniques you may encounter when preparing these returns; such as revocable trusts, irrevocable life insurance trusts, first and second to die variety, Medicaid income only trusts, limited liability companies and much more with special attention paid to a joint trust and the application of § 1014(e) to the trust and the possible double step up in basis. So sharpen your pencil and come to this hypothetical-packed session ready to “do the math”.

• Filing Release of Liens, General Information & Elections;
• Real Estate – Schedule A;
• Stocks & Bonds – Schedule B;
• Mortgages, Notes & Cash – Schedule C;
• Life Insurance – Schedule D;
• Joint Property – Schedule E;
• Other Miscellaneous Property – Schedule F;
• Lifetime Transfers – Schedule G;
• Powers of Appointment – Schedule H;
• Pensions & Annuities – Schedule I;
• Deductions: Admin. Expenses, Debts & Losses – Schedules J, K, L;
• Bequests to Surviving Spouse – Schedule M;
• Charitable Deductions – Schedule O;
• Generation Skipping Transfers – Schedule R;
• Credits for Taxes on Prior Transfers, etc. – Schedule P & G;
• Hypothetical Problem & Federal & State Computations in Detail.
• Questions and Answers.

CEU .4

To register call 978-468-6528 or download and fax registration form below