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WORKER CLASSIFICATION: EMPLOYEE OR INDEPENDENT CONTRACTOR?
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EXPATRIATION AND THE EXIT TAX: PROS AND CONS OF RENOUNCING CITIZENSHIP
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NAVIGATING TAX REPRESENTATION: FROM POWER OF ATTORNEY TO IRS TRANSCRIPTS
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WORLD OF EMPLOYEE FRINGE BENEFITS
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PROTECTING YOUR BUSINESS AND YOUR FAMILY
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PAYROLL ISSUES INCLUDING A SNEAK PEEK AT W-2s VERSUS 1099
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THE IRS's RENEWED INTEREST IN TAX FRAUD: AN UPDATE FOR TAX PROFESSIONALS
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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 1.0 - Taxes
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
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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Webinar Technical FAQs
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
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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.