This course is updated yearly and tailored to the unique perspective of large estate planners.
Income Tax Basis Planning
This presentation will focus on income tax basis planning in a client's broader estate plan. Issues to be discussed include upstream planning by including assets in a parent's taxable estate, planning between spouses, formula testamentary powers of appointment, and related concepts. We also will cover potential provisions to include in planning documents as well as considerations for assets already held in previously funded irrevocable trusts.