Advanced PFP Series: Venn Diagrams: Meet Me at the Intersection of Estate and Income Tax

Originally aired on 5/28/14

Seminar recording | Presentation materials | Outline

For larger estates, planning after the American Taxpayer Relief Act will increasingly focus on income tax planning, the management of tax basis, and maximizing the “step-up” in basis at death.

In this webcast, you will learn:
  • Income tax planning techniques to consider for 2014
  • Measuring the transfer tax costs (including state estate and inheritance taxes) against the income tax savings from the “step-up” on different types of assets;
  • Recapturing assets that have already been transferred
  • Multiplying the applicable exclusion amount
  • Using trust and partnership elections, distributions, and reorganizations to maximize the “step-up” and “split” income across taxpayers
  • How estate plans will be radically different based on state of domicile
  • Techniques to get a “double step-up” in basis
  • When to consider portability and ways to proactively use portability