2019 Professional Advisor Workshops
Tuesday, July 23 at 8:00 am – Planning for MA Estate Taxes: The MA Standby Gifting Trust
With the Massachusetts estate tax affecting estates over $1M, estates below the federal estate tax exemption amount ($11.4M for 2019) could still incur a state estate tax bill of over $1,000,000. Saving on the state estate tax isn’t always in a family’s best interest however, especially if it means a higher income tax liability for beneficiaries. We’ll cover techniques to lower overall estate & income tax liability for beneficiaries, shifting the focus from estate tax savings tax savings to reducing a family’s overall tax liability.
Tuesday, September 17 at 8:00 am – Retaining Assets: The Impact of a Family Meeting
Studies show families often divide or move assets in a detrimental manner after a death & without consulting the deceased’s trusted financial advisor. Estate planning documents can help, but they’re no substitute for the chance to build a relationship with the family during a client’s life. We’ll demonstrate the power of a family meeting & provide agendas, scripts & procedures for establishing a relationship with a client’s family. We’ll help you increase the likelihood assets under management will stay with you as you become the trusted advisor for the entire family.
Tuesday, October 22 at 8:00 am – Crisis Planning for Medicaid & Estate Planning
Media ads about Medicaid planning have drastically increased in recent years. But clients are still confused about effective trust planning to protect their homes & assets. Planners don’t always consider Medicaid’s five year look-back period or the income tax consequences of gifting assets. Protecting assets is more difficult as courts clog with Medicaid cases. We’ll review crucial Medicaid concepts & how to counsel clients to maximize family control of assets while minimizing income tax consequences during life & after death.
Tuesday, November 19 at 8:00 am – Planning for MA Estate Taxes: The MA Standby Gifting Trust
With the Massachusetts estate tax affecting estates over $1M, estates below the federal estate tax exemption amount ($11.4M for 2019) could still incur a state estate tax bill of over $1,000,000. Saving on the state estate tax isn’t always in a family’s best interest however, especially if it means a higher income tax liability for beneficiaries. We’ll cover techniques to lower overall estate & income tax liability for beneficiaries, shifting the focus from estate tax savings to reduce a family’s overall tax liability.
Tuesday, December 10 at 8:00 am – Using IRA Trusts for Creditor Protection
Inherited IRA laws are still evolving, but many ways remain to maximize income tax deferral for heirs. The court determined in Clark v. Rameker that inherited IRAs are not protected from creditor claims in bankruptcy actions, making large IRAs left to individuals less attractive. We’ll review required minimum distribution rules for IRAs, Roth IRAs & 401(k)s & how trusts can best provide beneficiaries creditor protection. Also, find out which financial institutions are friendly or unfriendly & their specific idiosyncrasies with inherited IRAs.
Tuesday, January 7, 2020 at 8:00 am – The 2019-2020 Estate Tax Law Update
On December 29, 2017, President Donald Trump signed a comprehensive estate and gift tax law change. Although the Federal Gift and Estate Exemption increased to $11.18M ($11.4M for 2019) indexed to inflation, the law will “revert” on February 1, 2026 back to the 2018 levels (estimated to be $7M in 2026). This law change has created a temporary opportunity to save Massachusetts Estate Taxes, but is a trap for the unwary if planning is not done before January 1, 2026. We will review the new Federal Estate and Gift Tax Law, describe the Mass Estate Tax planning opportunities to potentially save hundreds of thousands of dollars, and provide the steps needed to be taken before January 1, 2026 to minimize any potential Federal Estate Tax Liability.
About Our Advisor Workshops
Join us at 6 Kimball Lane in Lynnfield for this unique opportunity for Attorneys, CFPs, CPAs & Financial Advisors. Credit is available for CPAs and also for CFPs, pending approval. Coffee and tea are provided. If you’re unable to attend & would like the materials, please contact us & we’ll be happy to accommodate your request.
How to Sign Up
- Sign up by clicking the “Register Now” link under the workshop you wish to attend
- Call the office at (781) 246-8200, or
- Email us at [email protected]
Sessions held in our office are limited to 20 participants, so reserve your seat early! If you’re unable to attend in person, but would like to join by conference call, please contact our office so we can make arrangements.
If you miss any of our in-house workshops, visit our webinar page to check out available content and watch past recordings!
If you would like to request the materials from any of our past presentations, email [email protected] and we will be happy to accomodate your request.