22SR-0033: Estate and Life Planning Issues for the Middle-Income Client (In-person)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, October 26, 2022
8:30am - 4:30pm Central Time
8 CPE (8 technical)  |  8 CFP  |  8 IRS CE
Minnesota Society of CPAs, Bloomington

Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern you should be discussing with your middle-income clients. Explore these topics and uncover areas to grow your business and effectively advise the middle-income demographic.

Major subjects

• Inflation Reduction Act of 2022
• The SECURE Act, including IRA and RMD changes, reviewing beneficiaries and strategies to mitigate the elimination of the stretch IRA in light of new 2022 proposed regulations
• Other major SECURE Act provisions, such as the expansion of Section 529 plans and 401(k) access to part‐time workers
• Changes to the lifetime estate tax exemption by the Tax Cuts and Jobs Act in light of April 2022 proposed regulations
• More than 20 documents that should be reviewed (beyond wills and trusts)
• Applicable rates and tactics to minimize them
• Reducing the impact of ancillary administration
• Provisions you need in a will
• When a trust is needed for children
• Durable powers of attorney, for financial matters and for health care
• Realistic retirement goals
• Management of insurance -- liability, disability and life
• Dealing with marriage and divorce
• Titling assets effectively
• Developments related to estate taxes, and the implications for planning

Learning objective(s)

• Understand estate planning issues unrelated to federal tax planning
• Inventory the documents relevant to estate preservation
• Understand methods of providing for children and the spouse

Who should take this program?

CPAs who advise clients on estate tax planning

Fees

Standard Member Fee	$349.00
Standard Nonmember Fee	$399.00