Live Seminar

Tax Strategies for Estate, Retirement and Financial Planning

Seminar

Date:

Tuesday, February 27, 2018

Time:

8:30 AM - 4:40 PM

Product ID#:

78145ER

Location:

Courtyard Seattle Downtown/Lake Union

925 Westlake Avenue North

Seattle, WA 98109

$359.00

$349 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • WA CLE - 6.75

CPE for Accountants

  • Continuing Professional Education for Accountants - 8.00
  • CPE for Accountants/NASBA - 8.00

Other

  • Financial Planners - 8.00
  • IACET - 0.70

Program Description

Effective Tax Strategies for Trusts, Estates and Individuals

Expand your arsenal of tax planning tools with the latest and most effective techniques! Experienced faculty will guide you through basis enhancing strategies, asset protection mechanisms, recent tax planning trends, regulatory updates and more in this comprehensive seminar. Protect your clients from undue tax burdens from cradle to grave - register today!

  • Gain practical wealth transfer techniques to minimize both estate and income tax liabilities.
  • Protect your clients from tax penalties and attacks.
  • Make the best use of partnerships and LLCs and comply with the latest rules governing them.
  • Find charitable solutions to top estate planning problems.
  • Maximize your clients' retirement assets and get tools for their tax-efficient transfer to beneficiaries.
  • Clarify how rules of professional conduct are applied in tax practice.

Who Should Attend

This basic-to-intermediate level seminar is designed for:

  • Attorneys
  • Accountants and CPAs
  • Financial Planners
  • Trust Officers
  • Tax Professionals
  • Paralegals

Course Content

  1. Top Lifetime Transfer Strategies to Reduce Taxes
  2. Valuation of Assets: How to Protect Clients from Tax Penalties
  3. Using LLCs and Partnerships (Pass-Through Entities) to Your Client's Advantage
  4. Tax Strategies in Retirement Planning
  5. Defensive Wealth Planning Techniques - Protecting Against Creditors and the IRS
  6. Tax Regulatory Update
  7. Charitable Giving as a Tax Tool
  8. Legal Ethics in Tax Practice
  9. Cross-Border Tax Issues Every Estate Planner Needs to Know

Continuing Education Credit

Continuing Legal Education – CLE: 6.75 *

Continuing Professional Education for Accountants – CPE for Accountants: 8.00

Financial Planners – Financial Planners: 8.00

International Association for Continuing Education Training – IACET: 0.70

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 8.00 *


* denotes specialty credits

Agenda / Content Covered

  1. Top Lifetime Transfer Strategies to Reduce Taxes
    8:30 - 9:00, Gregory P. Bessert
    1. Estate Inclusion Techniques
    2. Tax Basis: Obtaining, Maximizing and Reporting
    3. Tools That Minimize Both Estate and Income Tax
  2. Valuation of Assets: How to Protect Clients from Tax Penalties
    9:00 - 9:30, John M. Colvin
  3. Using LLCs and Partnerships (Pass-Through Entities) to Your Client's Advantage
    9:30 - 10:15, Amber K. Quintal
    1. Use of LLCs in Asset Protection
    2. Minimizing Transfer Taxes
    3. What Estate Planners Need to Know About Taxation of Pass-Though Entities
  4. Tax Strategies in Retirement Planning
    10:30 - 11:15, Brian G. Isaacson
    1. Asset Protection Planning for the Inherited IRA
    2. Medicaid Benefits Planning and the IRA
    3. Recognizing and Avoiding 5 Common Costly Mistakes in IRA Planning
    4. Planning to Minimize Taxes on Distribution of the Inherited IRA
  5. Defensive Wealth Planning Techniques - Protecting Against Creditors and the IRS
    11:15 - 12:00, John M. Colvin
    1. Incorporating Asset Protection Tools Into Estate Plans
    2. IRS Compliance and Audits
    3. Preventing and Defending Against Penalties
    4. Trusts: Top Designs in Tax Reductions
  6. Tax Regulatory Update
    1:00 - 2:00, John M. Colvin
    1. Current Federal Transfer Tax: Estate, Gift, GST, Income and Capital Gains
    2. The IRS Enforcement Priorities
    3. State and Local Tax Update
    4. When are GRATS Useful?
  7. Charitable Giving as a Tax Tool
    2:00 - 2:45, Amber K. Quintal
    1. Choice of Assets in Charitable Giving
    2. Designing Charitable Gifts of Family Business Interests
    3. Making the Best Use of Charitable Trusts - CRTs and CLTs
    4. What Estate Planners Need to Know About Non-Profits and UBTI
  8. Legal Ethics in Tax Practice
    3:00 - 4:00, Gregory P. Bessert
    1. Fiduciary Liability and Circular 230
    2. Multiple Representation: Spouses and Other Family Members
    3. Protecting Client Privacy
    4. Communicating with Clients and Wealth Advisors
    5. Attorneys Using Social Media to Generate Clients
  9. Cross-Border Tax Issues Every Estate Planner Needs to Know
    4:00 - 4:40, Kristina Ash
    1. Foreign Assets Reporting
    2. Including Foreign Income and Assets in Estate Plans
    3. Strategic use of Domestic Trust Jurisdiction Choice
    4. International Tax Basics

KRISTINA ASH is an attorney with Smith & Zuccarini, P.S., where her practice focuses on personal planning for high net worth individuals and family groups and their closely held business and investment entities and trusts. She is experienced in preparing wills, revocable living trusts, power of attorney, health care directives, burial instructions, life insurance trusts, charitable and personal residence trusts, gift trusts, beneficiary designations for life insurance and retirement plans, and prenuptial and cohabitation agreements. Ms. Ash is a member of the Washington and Illinois Bars and has been admitted to practice before the U.S. Tax Court. She earned her B.A. degree, cum laude, from Arizona State University and her J.D. and LL.M. degrees from Northwestern University School of Law in Chicago.

GREGORY P. BESSERT is a sole practitioner in Vancouver, Washington. Mr. Bessert focuses his practice on estate planning, including comprehensive business, tax, and estate planning services for business owners, farmers, ranchers, and timberland owners, seeking to transfer ownership of their business within the family, to their employees, or to outside interests; federal and state tax litigation; and general business matters, including matters concerning business and real estate finance, reorganizations, acquisitions or divestitures, and mergers. In addition, he advises out of state business concerns on matters related to Washington’s excise tax regime. Mr. Bessert is a member of the Washington State Bar Association and the Oregon State Bar Association. He is admitted to practice and has experience before the U.S. Tax Court, U.S. Court of Federal Claims, U.S. Court of Appeals for the 9th Circuit, Washington’s Board of Tax Appeals, Oregon’s Supreme Court, and Oregon’s Tax Court. He is also admitted to practice before the U.S. District Court for Oregon and the U.S. District Court for Western Washington. Mr. Bessert earned his B.S. degree from Oregon State University, his J.D. degree from Gonzaga University, cum laude, and his LL.M. degree, in taxation, from the University of Florida.

JOHN M. COLVIN is a partner in the Seattle law firm of Colvin & Hallett, P.S., where he practices in the areas of taxation, tax litigation and white collar criminal defense. He received his B.A. degree from Reed College and his J.D. degree from the University of Washington. Mr. Colvin is a member of the Washington State Bar Association (member, Tax Section).

BRIAN G. ISAACSON is a sole practitioner in Seattle at the Isaacson Law Firm. He is a member of the Academy of Attorney-CPAs, whose practice focuses on estate and trust tax planning and controversy, and Medicaid benefits planning. He has co-authored a handbook titled, Protect Your IRA, Avoid the 5 Common Mistakes. He received his B.A. degree from St. Martin's College, his J.D. degree from Seattle University School of Law, and his LL.M. degree in taxation from the University of Denver.

AMBER K. QUINTAL is a member of Ogden Murphy Wallace P.L.L.C. She is in the firm’s Business Department and Tax Practice Group. Her practice includes federal, state and local taxation, general business for public and private sector clients, and estate planning for high net worth individuals, professionals and business owners. Her practice encompasses tax efficient planning for individuals and businesses throughout the entire business lifecycle; defending taxpayers before both the IRS and the Washington Department of Revenue in audits and administrative appeals; wealth transfer planning for high net worth individuals and business owners; tax-exempt organization advice and planning. Her clients include high net worth individuals, business owners, professionals and key employees; closely held corporations, partnerships and limited liability companies; municipalities; and tax-exempt entities including hospitals, schools, other public charities and private foundations. Since 2014, Ms. Quintal has also taught “Federal Tax Research and Writing” as a part-time lecturer for the University of Washington School of Law Graduate Tax Program (LL.M.) and “Federal Tax Research and Decision Making” for the Golden Gate University Masters in the taxation program. She is a member of the Washington State and American bar associations and the Estate Planning Council of Seattle. Ms. Quintal received her B.A. degree the University of Washington and earned her J.D. and M.B.A. degrees concurrently from the University of Washington School of Law and the University of Washington Foster Business School. She earned her LL.M. degree in taxation also from the University of Washington School of Law.

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

Accreditation Details:

Continuing Legal Education

WA CLE: 6.75 Includes - Ethics: 1.00
Approved for 6.75 hours of Washington continuing legal education credit, which includes 5.75 hours of Law and Legal Procedure and 1.0 hour of ethics.


Continuing Professional Education for Accountants

WA CPE: 8.00
This program qualifies for 8.0 hours of continuing education credit for accountants.

This is a basic to intermediate level program presented in a group live setting. Accountants should have a basic understanding of tax planning. This course will: 1. List two lifetime transfer strategies that minimize taxes. 2. Explain how to properly value assets. 3. Describe how pass-through entities are taxed. 4. Explain how to maximize the stretch of IRAs. 5. Explain how life insurance policies affect estate plans. 6. List two asset protection tools to incorporate into client estate plans. 7. List two ways to protect a client’s wealth from an ex-spouse. 8. Describe two recent regulatory developments. 9. List three types of trusts to use for tax reduction. 10. Explain how to best design charitable gifts in estate plans. 11. Distinguish between ethical and unethical tax practices. 12. Describe the requirements for foreign asset reporting.

Financial Planners

N CF: 8.00
This program has been accepted by the Certified Financial Planner Board of Standards Inc. and qualifies for 8.0 hours of CE credit for CFP® Certificants. The Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) and CFP® (with flame design) in the US, which it awards to individuals who successfully complete initial and ongoing certification requirements.

Upon completion of this course, attendee will be able to: 1. List two lifetime transfer strategies that minimize taxes. 2. Explain how to properly value assets. 3. Describe how pass-through entities are taxed. 4. List two asset protection tools to incorporate into client estate plans. 5. Describe two recent regulatory developments. 6. List three types of trusts to use for tax reduction. 7. Explain how to best design charitable gifts in estate plans. 8. Distinguish between ethical and unethical tax practices. 9. Describe the requirements for foreign asset reporting.

International Association for Continuing Education Training

N IACET: 0.70
NBI, Inc. is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU. NBI, Inc. is authorized by IACET to offer 0.7 CEUs for this program. At the end of the program, participants must complete a self-assessment in order to receive credit. 100% attendance is required. (Provider #1004558)

Upon completion of this course, attendee will be able to: 1. List two lifetime transfer strategies that minimize taxes. 2. Explain how to properly value assets. 3. Describe how pass-through entities are taxed. 4. List two asset protection tools to incorporate into client estate plans. 5. Describe two recent regulatory developments. 6. List three types of trusts to use for tax reduction. 7. Explain how to best design charitable gifts in estate plans. 8. Distinguish between ethical and unethical tax practices. 9. Describe the requirements for foreign asset reporting.

National Association of State Boards of Accountancy

N NAS: 8.00 Includes - Regulatory Ethics: 1.00, Taxes: 7.00
NBI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This program is designed to qualify for 8.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.

This is a basic to intermediate level program presented in a group live setting. Accountants should have a basic understanding of tax planning. This course will: 1. List two lifetime transfer strategies that minimize taxes. 2. Explain how to properly value assets. 3. Describe how pass-through entities are taxed. 4. Explain how to maximize the stretch of IRAs. 5. Explain how life insurance policies affect estate plans. 6. List two asset protection tools to incorporate into client estate plans. 7. List two ways to protect a client’s wealth from an ex-spouse. 8. Describe two recent regulatory developments. 9. List three types of trusts to use for tax reduction. 10. Explain how to best design charitable gifts in estate plans. 11. Distinguish between ethical and unethical tax practices. 12. Describe the requirements for foreign asset reporting. Field(s) of Study -- Taxes; Regulatory Ethics.

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Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702