When it comes to estate planning, you need to make sure you're covering all the angles. One "unlatched gate" can let in a nasty array of problems. Your clients rely on your expertise to preserve as much of their estates as possible. How does your knowledge stack up? Take your understanding to the next level with this powerful instruction.

Go beyond the basics to take an in-depth look at federal estate and gift tax laws. Get savvy techniques for post-mortem planning. Learn strategies for planning for the incapacity of the client. Take a look at the different aspects of probate you need to be aware of and determine ways to keep a handle on federal income taxes. Be confident in the knowledge that your tax plan will be thorough and in your client's best interests.

1. Shifting Value and Transferring Interests -- Overview of Federal Estate and Gift Tax Laws
2. Protecting the Passage of Wealth
3. Estate Planning for Incapacity of the Client
4. Selected Issues in Probate
5. Facing Taxes After Death -- Post-Mortem Planning
6. In Your Client's Best Interests -- Ethical Considerations
7. Keeping an Eye on Federal Income Tax Issues

Continuing Education Credits:   

* denotes specialty credits

1. SHIFTING VALUE AND TRANSFERRING INTERESTS -- OVERVIEW OF FEDERAL ESTATE AND GIFT TAX LAWS
   8:30 - 9:30, Michael W. Mills
   1. Generation-Skipping Transfer Tax
   2. Methods of Effectuating Lifetime Transfers
   3. Alternative Methods of Transfer
2. PROTECTING THE PASSAGE OF WEALTH
   9:30 - 10:30, Rise P. Newman
   1. Techniques to Decrease Transfer Taxes
   2. Strategies to Reduce Income Taxes
   3. Addressing the Issue of Special Assets
3. ESTATE PLANNING FOR INCAPACITY OF THE CLIENT
   10:45 - 11:45, Gary B. Freedman
   1. Planning for Health Care Decisions
      1. Powers of Attorney
      2. Living Wills
   2. Avoiding Probate: Predisability Planning Avenues
      1. Use of Revocable Trusts
      2. Role of Irrevocable Trusts
   3. Advising the Dying Client
4. SELECTED ISSUES IN PROBATE
   11:45 - 12:30, Gary B. Freedman
   1. Types of Probate Administrations
   2. Duties of the Personal Representative; Inventories/Claims
   3. Tax Aspects of Probate
5. FACING TAXES AFTER DEATH -- POST-MORTEM PLANNING
   1:30 - 2:30, Michael W. Mills
   1. Alternative Valuation Date -- What You Need to Know
   2. Interpreting the QTIP Elections
   3. Making Redemption a Viable Means of Disposition With Section 303
   4. Deferring Estate Tax -- Extending Time for Payment
   5. Special Use Valuation Provides Alternatives in Valuing Certain Properties
   6. Avoiding Gift Tax With a Qualified Disclaimer
   7. Qualified Plans -- Distribution Options Can Save on Income Tax
   8. The Final 1040
6. IN YOUR CLIENT'S BEST INTERESTS -- ETHICAL CONSIDERATIONS
   2:45 - 3:45, Carole B. Sheffield
   1. Avoiding Conflicts of Interest -- Determining the Client
   2. Setting a Fair Standard -- The Use of Fees
   3. Competency of the Client -- When Diminished Capacity Becomes Apparent
   4. Maintaining the Relationship -- Adequate Communication
   5. Confidentiality -- What Should or Shouldn't Be Disclosed
7. KEEPING AN EYE ON FEDERAL INCOME TAX ISSUES
   3:45 - 4:40, Carole B. Sheffield
   1. "Kiddie" Tax is Not Child's Play
   2. Taxation of Trusts: Similar to Estates -- Be Aware of the Differences
   3. Taxation of Estates: The Return -- The Income -- The Deduction -- The Distribution
   4. Preparing for Estate Tax Audits -- Specific Areas You Should Be Concerned About

GARY B. FREEDMAN is a sole practitioner in Philadelphia where he practices in the areas of elder law, probate, estate planning, corporate law and real estate law. He is an advisor to many nonprofit agencies on charitable giving through estate planning. Mr. Freedman is the former solicitor for the Register of Wills office in Montgomery County, and has lectured for banks and insurance companies on trust and estate planning topics. He is a member of the Philadelphia (member, Estate Planning Section), Montgomery County (member, Estate Planning Section) and Pennsylvania (member, Estate Planning Section) bar associations. Mr. Freedman earned his B.A. and J.D. degrees, as well as his LL.M. degree from Temple University Beasley School of Law, and his M.A. degree from Boston University.

MICHAEL W. MILLS is a partner with the law firm of Antheil Maslow & MacMinn, LLP, and concentrates his practice primarily in the areas of taxation; estate planning and administration; estate and trust litigation; family wealth preservation; business succession planning; and the tax aspects of business formation, financing, reorganization, and acquisition transactions. He has worked predominantly with entrepreneurial businesses and medium to high net worth individuals and has experience in public accounting as well as private law practice and he holds a Certified Public Accountant license. Mr. Mills has been selected as a "Pennsylvania Super Lawyer® - Rising Star" by Philadelphia Magazine. He frequently speaks to certified public accountants, financial advisors, and attorneys on tax, estate planning, and business topics, including frequent presentations for the Pennsylvania Bar Institute and National Business Institute. Mr. Mills earned a B.S. degree in business and economics from Lehigh University and his J.D. degree from Rutgers University School of Law, where he was the recipient of the Tax Honors Certificate with Distinction. He also served as an editor for the school's law review, the Rutgers Law Journal. Mr. Mills obtained an LL.M. in taxation from the New York University School of Law. He is a member of the American and Pennsylvania bar associations, as well as the American and Pennsylvania Institutes of Certified Public Accountants and has served as past president of the Bucks County Estate Planning Council. Mr. Mills is admitted to practice in Pennsylvania and New Jersey, as well as the U.S. Tax Court.

RISE P. NEWMAN is a sole practitioner in Philadelphia, where her areas of practice include estate planning, representation of elderly clients, guardianships and the administration of trusts and estates. She co-wrote the article "How Ethical is Your Compensation" which appeared in the Philadelphia Estate Planning Council newsletter. Ms. Newman has been appointed by the court to represent alleged incapacitated individuals in Philadelphia County and also serves as guardian for several incapacitated persons. Most recently, she began co-chairing the newly formed Philadelphia County Guardianship Manual Committee which is undertaking the drafting of a reference manual for attorneys. Ms. Newman earned her J.D. degree from Temple University School of Law. She is a member of the Philadelphia Estate Planning Council, (Board of Directors and Ethics Committee), Philadelphia (co-chair Elder Law Committee), Pennsylvania and American bar associations, board member of the Female Hebrew Benevolent Society and Guardianship Manual Committee (Co-Chair).

CAROLE B. SHEFFIELD is a partner at the Philadelphia law firm of Reed Smith LLP, where she concentrates her practice in the planning, administration, taxation and litigation of trusts and estates. She enjoys the personal and business financial analysis when developing trust and estate plans as well as the unique taxation challenges which arise during trust and estate administrations. However, Ms. Sheffield finds the greatest rewards in working with the diverse range of clients who need trusts and estates legal services in litigation. Other areas of law she finds gratifying are forming and maintaining charitable (501(c)(3)) tax exempt organizations and real estate transactions. Ms. Sheffield presented "Tax Tips" - WHYY Radio News Series for Personal Income Tax in spring 2008 and is an adjunct professor at Temple University Beasley School of Law: Integrated Transaction Program - 2006 to 2007 (active through present). Ms. Sheffield published and presented, "Calculating Federal & State Death, Estate & Inheritance Taxes," for the Pennsylvania Bar Institute continuing legal education program, and "Taxes Affecting Decedent's Estates," January 2004. She was solo practitioner with the Law Office of Carole B. Sheffield from 1997 to 2003. She is admitted to practice in Pennsylvania and New Jersey and is admitted to the State Supreme Court of New Jersey, the U.S. Court of Appeals Third Circuit and the U.S. District Court for the Eastern District of Pennsylvania. She is a member of the Philadelphia Bar Association (Probate and Trust Section - Legislative Committee; Tax Section), the Pennsylvania Bar Association (Real Property and Trust Section; Tax Section) and the American Bar Association (Probate and Real Property Section; Tax Section). Ms. Sheffield received her LL.M. degree in taxation from Temple University Beasley School of Law where she was the first recipient of the annual "Outstanding Academic Achievement Award in Taxation by the Temple Law School Faculty for Scholastic Excellence." She also received her J.D. degree from Temple University and earned an M.B.A degree in finance.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com