Bonus & Dinner Program: Using Estate Planning Freeze Techniques & Deciding on Appropriate Wealth Shi

Date: Tuesday, January 24, 2012
Time: 4:30 PM - 8:00 PM
Location: Santa Ana Country Club / 20382 Newport Boulevard / Santa Ana 92707
Speaker: Jonathan Blattmachr and Professor Jerry Hesch

Professor Jerry Hesch and Jonathan Blattmachr team up to bring you this great double-header program!

Registration: 4:00 to 4:30 PM

4:30 to 5:30 PM - Using Estate Planning Freeze Techniques to Eliminate Phantom Gain for Negative Basis Without any Estate Tax - Course Number: 272248

Note: This meeting qualifies for one hour of Insurance, MCLE, CPA, CTFA and Professional Fiduciary continuing education. This program is pending approval with the CFP Board of Standards.

For decedents who died in 2010, the estate may be better off by electing to pay an estate tax and receive an income tax step-up in basis.  The speakers will examine how to evaluate the real estate owned at death to determine if the income tax savings from the tax-free basis step-up at death is greater than the estate tax cost from exposing the real estate to the estate tax.

For individuals with viable real estate assets that have mortgage liabilities in excess of the income tax basis for the real estate, the speakers will examine how to use the preferred partnership freeze under § 2701 to eliminate the phantom gain without an estate tax cost and still shift all future appreciation in value without an estate tax and with a minimal gift tax cost.  A brief review of the partnership special allocation rules under §§ 704(b) and 704(c) that make this all possible.


Registration, Cocktails and Networking: 5:30 to 6:15 PM - Dinner to follow
7:00 to 8:00 PM - Deciding Upon the Appropriate Wealth Shifting Technique: Their Advantages and Disadvantages, Their Potential Risks, A Financial Analysis of These Techniques, and How They Should be Structure to Minimize These Risks - Course Number: 272247
Note: This meeting qualifies for one hour of Insurance, MCLE, CPA, CTFA and Professional Fiduciary continuing education. This program is pending approval by the CFP Board of Standards.
The primary purpose of an estate planning technique is to shift value from the senior generation to the junior generation(s) without exposing the wealth transfer to the gift or estate taxes, and for the very wealthy, without exposure to the generation skipping transfer tax.  Because of the way all estate planning techniques are designed the longer one survives after an estate planning technique has been put in place, the greater are the gift, generation skipping transfer and estate tax savings.  Of all the available estate planning techniques, only valuation discounts provide significant transfer tax-free shifting of wealth if the individual only survives for a relatively short period of time after implementation of an estate plan.  Therefore, it is never too soon to consider estate planning. 
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