2011 Estate Tax Changes


Many practitioners are now scrambling to update their client's estate planning documents and forms to take advantage of the new dynamic estate planning opportunities and challenges posed by the recent Bush tax cuts extension legislation, and BNA Tax & Accounting is offering a webinar led by noted tax authors and commentators Jerry Hesch, Alan Gassman, and Christopher Denicolo.

The webinar puts together charts, language and text to help practitioners mount the learning curve and move into client interaction and drafting update clients documents and planning. A number of drafting approaches to this planning will be discussed, with sample clauses.

The new $5.0 million exemption, together with a 35 percent tax rate, applies to estates of those dying in 2011 and 2012, as well as to gifts and generation-skipping transfers made in those years. Then, in 2013, the pre-EGTRRA law will return, with a $1.0 million exclusion and a maximum 55% tax rate.

This presentation will allow participants to focus on the opportunities offered for planners by these changes, and bring clarity where there has been much confusion.

Hesch, Gassman and colleague Christopher Denicolo will show how many estates of wealthy taxpayers who died during 2010 may elect to be subject to the estate tax in order to have new taxable basis in the assets they leave to facilitate having new depreciable basis and less capital gains liability for their families. 

This live webinar will provide participants with:
•    Estate and tax planning opportunities for clients with estates both above and below the new $5,000,000 thresholds
•    A working knowledge of the new rules, and how to work with them
•    Deadlines for taking action and filing tax returns and important tax elections
•    What to do for estates of clients with over $5,000,000 in assets who died in 2010
•    Professor Hesch's analysis of the clawback risk, and why it should not prevent large 2011 and 2012 gifting
•    How many favored past techniques will continue to apply in 2011 and 2012, but in different ways
•    How dynasty trust planning will be different and more popular
•    The pros and cons tax exemption portability in 2011 and 2012, and how to make credit shelter trust planning more flexible
•    Why this is an opportune time to review estate plans
•    Expanded opportunities to use the estate tax regime for income tax planning if an individual owns interests in real estate where liabilities exceed tax basis

"2011 Estate Tax Law Changes" will take place February 10, 2011, from 2:00 p.m. - 4:00 p.m., ET.  To register for this webinar and obtain further information about CLE and CPE credits, go to http://www.bnatax.com/2011-estate-changes-webinar/?open&cmpid=tmtxpr2011 or call 1-800-372-1033, menu Option 6, then Option 1.  The per site fee is $249.

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