Estate Planning with Section 678 of the Internal Revenue Code

WHAT WE’LL COVER

As estate planners we often do not focus enough on how to achieve all of the benefits of trusts, e.g., the estate tax, divorce, creditor, spendthrift and incapacity protections, without incurring the huge federal income taxes generally applicable to trusts. This program educates estate planners on how their clients can have it all, and how, in their drafting, lawyers need not sacrifice any of their clients' stated objectives for wanting to use trusts in their estate planning. The program will include both explanation and sample forms, and will guide attendees through all of the relevant Internal Revenue Code and regulation sections.

The author of the 2016 book, Optimum Estate Planning, Mr. Blase will explain how clients can accomplish all of their stated objectives for using trusts in their estate planning by focusing on:

The use of Section 678 of the Internal Revenue Code to avoid the high federal income tax rates on trusts
The impact of the SECURE Act on trust drafting
Trust planning for married couples' IRAs and 401ks
Trust drafting for S corporations
Modifying existing irrevocable trusts to minimize income taxes

CLE:
1.0 credits
States Pre-Approved: AR, CA, MO, NJ, NY, OH, OK, PA, TX, UT, VT (AK, AZ, CT, NH eligible to claim credit)
States Pending Approval: GA, IL, KS, NC, TN

CFP:
1.0 credits pending (National CFP Board)

CPE:
Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 7/22/2022

NOTE: For accurate records, each employee in an organization must register individually for CLE attendance reporting and audit. Additionally, if multiple people from an organization (who have individually registered) would like to view together under one employee's registration and login, please send a list of those individuals along with the verification code(s) to cle@wealthcounsel.com, so their attendance is marked accordingly.

In order to be awarded the full credit hours, you must be present during the entire program.

WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor ID 108255.

For information on refunds, concerns, and program cancellation policies, please contact our offices at 888-659-4069, ext 818 or memberservices@wealthcounsel.com.