2013 Planning After ATRA: The CPA’s Guide to Financial and Estate Planning  

The 2012 Taxpayer Relief Act makes permanent the largest exemption amounts against estate, gift and GST tax in the history of the Federal transfer tax system. The current estate planning environment together with the increased exemption amounts present significant wealth transfer opportunities. In light of the recent tax changes, CPA financial planners now have an unprecedented opportunity to demonstrate their value to clients through these top estate planning strategies in 2013. In this webcast series, Steve Siegel ties in the latest PFP Section benefit, The CPA’s Guide to Financial & Estate Planning, with essential estate planning considerations to discuss with your clients now.

Part 1: Essential Estate Planning Considerations
(8/14/2013) Steve Siegel

Seminar recording | Presentation materials | Outline

In this webcast, Steve Siegel lead practitioners through a discussion of how to:

  • Evaluate a number of basic and sophisticated estate planning alternatives that address a variety of personal and financial circumstances and recommend the best plan for their clients.
  • Explain the income, gift and estate tax consequences of an estate plan, and the choices that can be made during life to minimize the tax consequences of death.
  • Appreciate the complexities of a variety of estate planning techniques and gain an understanding of which techniques to recommend in which planning situations, especially in the ATRA environment.
  • Describe specifically how a GRAT, QPRT, GRIT, SCIN, IDGT, FLP and LLC work, and when each technique is or is not appropriate for a particular client situation.
  • Advise clients as to how to minimize the estate tax burdens that will otherwise fall on their heirs.
  • Identify the current state of the law in 2013 as it relates to estate and trust planning for a wide variety of clients.

Part 2: Portability: A Planning Game-Changer, But Not as Simple as It Appears

(9/19/2013) Steve Siegel

Seminar recording | Presentation materials | Outline

In this webcast, Steve Siegel leads practitioners through a discussion on:

  • What portability is intended to accomplish
  • Required portability election and who is responsible for making it
  • Use by “small” estates
  • Issues on Forms 706 and 709
  • Advantages and disadvantages of the election

Part 3: Business Succession Planning After the American Taxpayer Relief Act of 2012
(10/31/2013) Steve Siegel

Seminar recording | Presentation materials | Outline

One of the most difficult planning issues to address with a successful entrepreneur is what should be done with the business that person created and developed in the course of a career. There is often a reluctance to do anything. Succession planning is an area of concern too often put off by the persons who most need to address it. Planners need to understand the many options available for succession planning, both from a tax and non-tax perspective.

In this web seminar, Steve Siegel will lead practitioners through a discussion on how to:

  • Evaluate the viability of gifting one’s family business interest to family members in light of the federal gift tax rules.
  • Determine if gifting the business to family members will leave sufficient liquidity within the family for ongoing support and eventual federal estate taxes, and what planning techniques can be used to improve this situation.
  • Address the different varieties of buy-sell agreements with third parties, and advise clients as to the many issues and decisions that must be taken into account in structuring an appropriate agreement.
  • Describe the various tax issues that arise when buying or selling a business, including distinguishing the tax consequences arising from the sale of the assets of the business and the sale of stock of the business.

Part 4: Taxation of Divorce After the American Tax Payer Relief Act
(11/21/2013) Steve Siegel

Seminar recording | Presentation materials | Outline

Statistics continue to indicate that nearly one-half of American marriages end in divorce – making the understanding of the tax consequences of divorce an essential element of every accounting professional’s knowledge.  All too often, clients focus their concern on ending the marriage relationship, and ignore critical decisions that can affect their short and long-term tax situations. In this web seminar, Steve Siegel will lead practitioners through a discussion on:

  • Alimony Payments
  • Recapture of Alimony Rules
  • Child Support Issues
  • Property Settlement Issues
  • Handling the Dependency Exemption
  • Addressing Available Dependent Credits
  • Filing Status Issues for Divorced and Separated Taxpayers



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