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Technical

Integrating Estate Planning With the Tax and Financial Plan Logo aicpa

  $79.00 - 99.00 |   CPE: 2.0 |   AICPA |   Feb 2018 |   Specialized Knowledge and Applications |   AICPA Store
Who Will Benefit?
  • CPAs and financial planners with basic knowledge of personal financial planning and an interest in estate planning.
Key Topics
  • Income in respect of a decedent
  • Traditional retirement assets
  • Royalties
  • Equity compensation
  • Annuities
  • Roth IRAs
  • Risk management
  • Retirement and financial independence planning
  • Elder, special needs, and terminal illness planning
  • Charitable planning
Learning Outcomes
  • Recall the beneficiary’s income tax treatment for estate taxes paid attributable to income in respect of a decedent.
  • Recall the personal financial planning recommendation that provides creditor protection for an inherited IRA.
  • Identify the IRS form used to report amounts earned, but unpaid, at an employee’s death.
  • Determine how the sale of employer stock is treated for tax purposes when received by the beneficiary of a deceased employee who had elected the net unrealized appreciation tax strategy.
  • Recognize a third-party gift of a life insurance contract.
  • Identify the applicable taxation of withdrawals from a life insurance contract.

This CPE course can be purchased individually or as part of the Estate Planning Certificate Program.

Today, a substantial portion of the wealth held by Americans consists of tax-deferred retirement accounts, such as traditional IRAs, 401(k)s, and 403(b)s. These accounts are somewhat unique in that both estate and income tax may be due at death. However, these accounts create a forum for personal financial planners to provide valuable planning opportunities to their clients. This CPE course covers taxation and income tax planning, integration with other areas of personal financial planning, and the interrelationship between income tax and estate tax, which provides numerous personal financial planning opportunities.

As a personal financial planner, you should have broad familiarity with concepts such as income in respect of a decedent (IRD), retirement plans, and net unrealized appreciation. This course considers planning for these elements, which mandate the use of outside advisers, so you can work with multiple advisers in achieving the client's estate plan. When you are comfortable working, planning, and providing services to clients with other professionals, the collaboration of advisers provides additional avenues of wisdom and service fulfilment that are not possible when working without this other group of advisers.

Enhanced On-Demand Format

This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.

Topics covered:
  • Personal financial planning: Technical: Estate planning, Intermediate
  • Personal financial planning: Technical: Specialized planning issues: Individual income tax planning, Intermediate

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