Using Portability to Create a Flexible Estate Plan

Recording | Slides

When a couple has a net worth between $5,000,000 and $11,000,000 they have at least four planning options at the first death. For some couples, the decision is largely subjective based upon asset protection goals and second marriage goals.  However, for most couples the choice is largely mathematical needing the skills of a CPA trained in the world of estate tax and income tax.   In this webcast, we will explore the differences between the four choices to address practical and real world issues with an emphasis on how to create flexibility in estate plans. Bob Keebler, CPA/PFS, AEP, MST reviews the income tax, gift and estate and GST aspects of the following for both capital assets and IRD:

  • Outright transfers to a spouse
  • Transfers to a bypass trust
  • Transfers to a bypass trust with a contingent formula general power of appointment
  • Transfers to the new portability QTIP