This presentation will discuss how tax advisors should tell their their wealthy (but not ultra-wealthy) clients who no longer have a Federal estate tax problem because of the very high (and temporarily doubled) applicable exclusion amounts. It will discuss estate and income tax planning techniques in light of estates of varying sizes, the risk of expiring exclusions, the “clawback” regulations, and state income and death tax considerations.
1. When (and how) should clients make large taxable gifts?
2. How to build flexibility into client plans if tax laws change.
3. Techniques that maximize income tax savings when transfer taxes are no longer a problem.