Surgent's Estate and Life Planning Issues for the Middle-Income Client Download

Overview

Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all CPAs who work with middle-income clients and are looking for ways to provide additional quality services. Continually updated with the latest guidance.

Prerequisites

None

Objectives

• Understand estate planning issues unrelated to federal tax planning
• Inventory the documents relevant to estate preservation
• Understand methods of providing for children and the spouse

Highlights

• Major provisions of the Biden administration's proposed "American Families Plan"
• The SECURE Act, including IRA and RMD changes
• Other major SECURE Act provisions, such as expansion of Section 529 plans and 401(k) access to part-time workers
• The CARES Act  section 72(t) 10% early withdrawal penalty waiver
• The CARES Act temporary waiver of RMD rules
• Major provisions of the proposed Securing a Strong Retirement Act of 2020 (The "SECURE Act 2.0")
• More than 20 documents that should be reviewed that are neither a will nor trust
• Applicable rates, and tactics that may be used to minimize them
• Reducing the impact of ancillary administration
• Provisions you need in a will
• When a trust is needed for children
• Durable powers of attorney, for financial matters and for healthcare
• Realistic retirement goals
• Management of insurance: liability, disability, and life
• Dealing with marriage and divorce
• Titling assets effectively
• Developments relative to estate tax, and the implications for planning
  

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