4157 | On Demand | Intermediate | Self-Study
The Estate Planning Process
Friday, May 1, 2020 - Friday, April 30, 2021
As a personal financial planner, you should have a broad awareness of the foundational concepts of estate planning to be an effective advocate for your clients.
Updated for the Tax Cuts and Jobs Act (TCJA) of 2017, this CPE course addresses elements and deductions of the gross estate and the calculation of the federal estate tax. Additional topics include:
Income in respect of the decedent and its impact on the federal estate tax calculation; State estate and inheritance taxes; The rule for gift taxes paid within three years of death; The treatment of adjusted taxable gifts This course also covers the key steps in the calculation of Form 706 United States Estate (and Generation-Skipping Transfer) Tax Return.
Recognize the advantages of the probate process Recall the procedure that is used to dispose of a decedent's personal and property interests Identify a type of property interest that can only be held by spouses Recall that certain expenses and taxes are deducted in the estate tax calculation Identify property that is included in the gross estate Determine the correct tax treatment for income in respect of a decedent Identify the benefits of estate planning Recognize when a personal financial client is intestate Recall an estate planning recommendation that address incapacity
- Thomas Tillery (view bio)
- Susan Tillery
CPAs and financial planners with basic knowledge of personal financial planning, and an interest in estate planning.
Fundamentals of estate planning Estate tax calculations Basic estate planning process Instructions for care in the event of incapacity Instructions for passing along the client's values (education, religious beliefs, work ethic, etc.) Nomination of a guardian for minor children Provisions for family members with special needs Provisions for the transfer of business interests in the event of death or incapacity
Thomas Tillery is a member of AICPA Personal Financial Planning Section (Non-CPA Associate), the Society of Financial Service Professionals, and the Atlanta Estate Planning Council.
Tom has been a provider of Continuing Education for attorneys, CPAs, and investment and insurance professionals for over 20 years. He has written curriculum and lectured in the discipline of Financial Planning for several universities and on line programs.
Tom is also an Arbitrator for the Financial Industry Regulatory Authority (FINRA).