The field of estate planning is increasingly complex. Finding
appropriate solutions to a client’s estate issues upon his/her death are
critical to a number of areas, including the estate tax return of the
decedent, the decedent’s final income tax return, the income tax return
of the estate of the decedent, and the estate and financial planning
issues of the heirs of the decedent. This course provides the
practitioner an understanding of after-death planning issues of a
decedent’s estate.
Learning Objectives
Understand the planning issues facing the estate of a decedent
Major Topics
Alternative valuation date (AVD) issues
Installment payments of
estate taxes (IRC Section 6166)
QTIP elections (IRC Section 2056b(7))
The use of qualified disclaimers
Basis issues
Issues involving the
payment of estimated taxes
Final income tax return of the decedent
Medical expenses of final illness
Savings bond interest acceleration
Estate fiscal year and accounting method elections
Passing out
administrative expenses to maximize benefits to beneficiaries
The
sixty-five-day rule election
Income and deductions in respect of the
decedent (IRD)
