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Self-Study CPE
INCREASE BILLABLE HOURS WITH VALUE-ADD TAX PLANNING
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FROM BAD TO WORSE: WHEN AN AUDIT GOES CRIMINAL - PART II
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INTRODUCTION TO INTUIT PROCONNECT PROSERIES: TAX SOFTWARE DEMONSTRATION
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INTRODUCTION TO INTUIT PROCONNECT LACERTE: TAX SOFTWARE DEMONSTRATION
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TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
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FEDERAL INCOME TAX CHANGES - 2017
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ESTATE TAX PLANNING
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10 NEW PRODUCTIVITY FEATURES IN PROCONNECT TAX ONLINE
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2018 ANNUAL TAX SEASON UPDATE
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Estateplanningpart1 bostonlegacyplanning

ESTATE PLANNING: PAST, PRESENT AND FUTURE OF A-B TRUSTS, PART 1

Cost Free   CPE Credits 1.0 hour   Subject Area Taxes  Course Level Basic  Instructional Method Group Internet Based  Prerequisites None  Advanced Preparation None  Who should attend? CPA - small firm
CPA - medium firm
CPA - large firm
Other 
Series: Estate Planning, Taxes 
Course Description

This program covers the basics of using trusts to avoid estate tax for a married couple.  It begins with a review of the often-overlooked non-tax reasons to use trusts, and explains in detail how A-B trust planning is used to achieve optimum estate tax results with revocable living trust. It provides a solid foundation for understanding current estate planning techniques to minimize both estate tax and income tax.  Substantial time will be allowed for questions.

Attendees will leave with a solid fundamental understanding of the benefits and problems with use of A-B trusts, and will be ready to address more sophisticated estate planning concepts. 

Learning Objectives


  • Effect of loss of step up on assets in bypass trust.

  • Uses and tax consequences of powers of appointment.

  • Use of a limited general power of appointment to optimize basis step up on the second death.

  • Use of Clayton provision to facilitate income tax planning.

  • Adverse income tax consequences of non-grantor trusts.

  • Use of a limited general power of appointment to make a beneficiary the grantor of a trust.

  • Impact of the 2017 tax act on A-B trust planning, and related opportunities for CPAs.

  • Why your clients need to have their formula-based trusts reviewed immediately.

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William F. Coyne, Jr., Esq. is an attorney with Boston Legacy Planning LLC in Needham, Massachusetts. Bill’s practice is primarily in the areas of estate planning for individuals and business owners, legacy planning, trust settlement, and avoiding and resolving family disputes. He is a member of the National Network of Estate Planning Attorneys, and has taught at its semi-annual Collegium on topics such as income taxation of trusts, and dispute resolution. For the past several years, Bill has participated in a panel for Massachusetts Continuing Legal Education on the Massachusetts Uniform Trust Code, Trusts and Real Estate.

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Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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Boston Legacy Planning LLC is a law firm focusing on estate planning, business transition planning, and avoiding and resolving related disputes.  The firm was founded in 2011 by attorney William F. Coyne, Jr.

The firm’s mission is to help clients create estate plans and business transition plans that achieve their life goals for themselves and for their families.  To do this we apply the Bedrock Principles of Legacy Planning to avoid the common reasons why estate plans do not work.