Estate planning has been directly affected by numerous, significant revisions to the law, most recently by the Tax Cuts & Jobs Act of 2017. When rules change, every estate planner must stay completely up-to-date with all the opportunities—and pitfalls—arising from the new legislation. This course will allow you to:

- Help your clients plan every aspect of their estate, including tax, investment, insurance, and estate administration decisions
- Help your clients effectively preserve their assets under current law
- Handle a wide variety of estates and specific circumstances
- Save significant amounts of time with exclusive estate planning tools
- Understand recent changes in tax code that were enacted in the 2017 Tax Cuts and Jobs Act
- Help clients utilize the new Section 199A Qualified Business Income (QBI) deduction

This course features easy-to-understand, real-world examples from expert authors on what techniques are best suited for a wide variety of circumstances, and equally important advice on how to avoid future problems. Students will learn the most important issues and planning techniques to help clients plan every aspect of their estate. Students will also find reliable, practice-based analyses of hundreds of recent cases and rulings, helping you assist your clients in making the best decisions for themselves and for their families.

Topics covered in this course include the following:

Part 1: The Purpose and Practice of Estate Planning

Chapter 1: Overview of Estate Planning 1

Chapter 2: Data Gathering and Analysis and Initial Client Interview 53

Chapter 3: Human Side of Estate Planning 89

Chapter 4: The Unauthorized Practice of Law 97

Chapter 5: Ethics – A Practical Guideline 101

Chapter 6: Malpractice in Estate Planning 107

Part 2: Ownership and Transfer of Property

Chapter 7: Ownership and Transfer of Property 121

Chapter 8: Gifts 133

Chapter 9: Uniform Gifts/Transfers to Minors Acts 149

Chapter 10: Wills 155

Chapter 11: How to Review a Will: A Checklist for the Estate and Financial Planner 165

Chapter 12: Power of Appointment 177

Chapter 13: Disclaimers 189

Chapter 14: Selection the Right People 199

Chapter 15: Probate and Trust Administration 227

Chapter 16: Executor’s Primary Duties 243

Chapter 17: Trusts in General 245

Part 3: Taxes

Chapter 18: Estate Tax 269

Chapter 19: Extensions of Time to Pay Estate Tax 285

Chapter 20:Gift Tax 295

Chapter 21: Generation-Skipping Transfer Tax 329

Chapter 22: Federal Income Tax Issues 347

Chapter 23: Qualified Business Income Deduction 367

Chapter 24: Post-Mortem Tax Elections 395

Chapter 25: Death Tax Apportionment and Estate Tax Reimbursement 407

Chapter 26: State Death Taxes 427

Part 4: Irrevocable Trusts

Chapter 27: Marital Deduction and Bypass Trusts 435

Chapter 28: Section 2503(b) and 2503(c) Trusts 453

Chapter 29: Grantor Retained Interest Trusts (GRAT, GRAT, GRUT, QPRT) 461

Chapter 30:Intentionally “Defective” Trust 475

Chapter 31:Tax Basis Irrevocable Trust 485

Chapter 32: Inter Vivos QTIP Trusts 491

Part 5: Life Insurance

Chapter 33: Life Insurance 501

Chapter 34: Irrevocable Life Insurance Trust 525

Part 6: Charitable Giving

Chapter 35: Charitable Contributions 535

Chapter 36: Charitable Split Interest Trusts 553

Chapter 37: Conservation Easement Exclusion 565

Part 7: Intra-family and Other Business Transfers Techniques

Chapter 38: Intra-Family Loans 571

Chapter 39: Installment Sales and SCINS 575

Chapter 40:Private Annuity 589

Chapter 41:Interest-Free and Below Market Rate Loans 601

Chapter 42: Split Interest Purchase of Property (SPLITs) 607

Chapter 43: Sale (Gift) – Leaseback 613

Chapter 44: Buy-Sell (Business Continuation) Agreement 623

Chapter 45: Section 303 Stock Redemption 641

Chapter 46: Family Limited Partnerships 649

Chapter 47: Incorporation 671

Chapter 48: Limited Liability Companies 687

Chapter 49: Personal Holding Company 695

Chapter 50:S Corporation 703

Part 8: Planning for Employee Benefits and Retirement

Chapter 51: Deferred Compensation (Nonqualified) 715

Chapter 52: Employee Stock Ownership Plan 731

Chapter 53: Individual Retirement Plans (and SEPs) 745

Chapter 54: Profit Sharing/401(k)/Pension Plan 759

Chapter 55: Survivor’s Income Benefit Plan 785

Chapter 56: Planning with IRAs and Qualified Retirement Plans 791

Part 9: Human Aspects of Estate Planning

Chapter 57: Planning for Aging and Health Challenges 805

Chapter 58: Durable Power of Attorney 817

Chapter 59: Health-Care Documents 829

Chapter 60: Revocable Trusts 853

Chapter 61: Planning for Unmarried Partners 867

Chapter 62: Marriage Contracts and Property Agreements 881

Chapter 63: Representing Blended Families for Estate Planning 897

Part 10: Valuation Issues

Chapter 64: Planning for Digital Assets 917

Chapter 65: Valuation Planning 933

Chapter 66: Freezing Techniques – Corporations and Partnerships 971

Chapter 67: Non U.S. Persons in the Estate Plan 981