NAPFA Webinar - Estate Planning For Income Taxes: Maximizing Step-Up In Basis For Couples


Online Webinar  
Tuesday, March 08, 2022 3:00 PM - 4:00 PM   iCalendar Eastern Standard Time

Presented by: Jeffrey Levine, CPA/PFS, CFP®, CWS®, AIF®, MSA - Lead Financial Planning Nerd for Kitces.com, Chief Planning Officer at Buckingham Wealth Partners, Lead Creator and Content Expert for Savvy IRA Planning®

1 NAPFA CE in D – Income Tax Planning, 1 CFP® CE, 1 EA CE, and 1 NASBA CE (field of study: Taxes)

Content Level: Advanced

Member: $39; Non-Member: $59

Given recent changes in the law, “tax planning” for one’s estate at death has become a lot less about estate tax planning, and far more about the income tax planning opportunities at death… particularly with respect to maximizing available step-up in basis opportunities. With that in mind, attendees of this session will explore topics including how pre-death asset transfers can help maximize step-up in basis, how other types of pre-death transfers can help avoid the potential for a step-down in basis, complications associated with these strategies for clients living in community property states, and the disadvantages of traditional credit shelter trusts that emerge in an estate planning environment driven by income- (rather than estate-)tax planning.

Learning Objectives:

  • Describe the different ways a decedent’s assets may be treated for income tax purposes after death.
  • Examine how the post-death tax treatment of IRD assets differs from other assets.
  • Identify planning considerations for when property is held jointly between spouses at death.
  • Learn planning strategies to maximize step-up in basis opportunities and to avoid losing capital losses.
  • Explore complications and opportunities that can present themselves when trusts are used for estate planning purposes

Speaker Bio:

Jeffrey Levine, CPA/PFS, CFP®, CWS®, AIF®, MSA is the Lead Financial Planning Nerd for Kitces.com, Chief Planning Officer at Buckingham Wealth Partners, and is the Lead Creator and Content Expert for Savvy IRA Planning®, offered through Horsesmouth. Jeff is a recipient of the Standing Ovation award, presented by the AICPA Financial Planning Division, and was named to the 2017 class of 40 Under 40 by InvestmentNews. Previously, Jeffrey served as Ed Slott and Company’s Chief Retirement Strategist, where his ability to simplify the complex laws that govern individual retirement accounts, combined with his unique blend of humor and tax planning, was first recognized. Jeffrey continues to be an active speaker, traveling the country each year to educate thousands of Financial Advisors, CPAs, Attorneys, and consumers on retirement, tax, and estate planning strategies. You can follow Jeff on Twitter @CPAPlanner.

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