Taxation and Personal Financial Planning

Building a Moat Around the Family Real Estate 

Now that your clients have built considerable wealth in real estate ownership, they need to protect their wealth for themselves and future generations. The IRS wants its share in income, capital gains and estate taxes. Creditors and former spouses want a piece too. If you seek to help your clients retain their assets, this seminar is for you.

This hands-on seminar will also focus on strategies to reduce estate and income taxes for the family’s real estate assets. You will also learn cutting-edge techniques to make your clients’ assets less vulnerable to creditors and predators. The benefits of control and asset protection will be presented through many real-world and thought-provoking cases.

Latest Workings Inside the IRS
Over the past several years, the IRS has dramatically increased its enforcement efforts. This class will discuss the methods the IRS is using in the new enforcement environment. You will learn: New IRS examination priorities and procedures; IRS collection priorities and procedures; IRS criminal investigation initiatives; Taxpayer Advocates Service’s Report on problems on the tax system; and New Procedures at IRS campuses.

2006 Federal Income Tax Update
This federal income tax update deals with the latest individual tax changes affecting 2006, including new tax legislation. Topics include: planning after-tax reform, new cases, rulings and regulations, hot planning opportunities, and more. The majority of this course relates to changes affecting individual taxation.

2006 Business Tax Developments
This course focuses on the latest federal income tax changes affecting businesses, including C and S corporations, LLCs/partnerships and sole proprietorships. This course will also discuss any pending or recent tax law changes.

Estate Planning for Second Marriages and Beyond
Now that half of our population has been divorced at least once, the question of how to properly address estate planning issues for second, third or subsequent marriages arises regularly. Starting with an overview of estate planning documents, this course also covers income tax, estate tax, gifting and generation-skipping considerations, use of disclaimers, life insurance, marital trusts, estate planning trusts, how to ensure children actually receive this inheritance after their remarried parent dies, use of premarital agreements, cohabitation agreements, and much more. What is a BCT and how does it operate with children from different marriages? What is all the controversy over the Uniform Trust Code? This course starts with the basics and builds on these concepts to provide a solid foundation with reference material to utilize in your practice.

New Developments – Estate, Gift and Retirement Planning
This course deals with recent cases and rulings related to estate planning including those affecting business valuations, discounts, hot topics, planning strategies, and more.

Creative Estate Planning Strategies – 2006
Larger estates require more extensive estate planning often with “special use” entities. This course will describe the planning opportunities beyond the basic trust or will and will include: entities that are interest-rate sensitive, entities for intra-family transactions, charitable planning techniques, and more.

Old & New Tax Rules for Trusts & Estates
It is projected that in 2006 more Form 1041s will be filed than any other return. So it’s time to tune up those rules for fiduciary taxation. The course will cover: description of fiduciary entity, basic rules for fiduciary taxation, when to make the Sec. 645 election, fiduciary accounting, DNI and the Distribution Deduction, tax rates and distribution planning.

Protecting Your Future – Strategies to Preserve Your Wealth from Relatives, Third Parties, Partners, and Other Unsavory Characters
This course addresses strategies to protect the wealth that has been created from outside influences: divorce, divorce of child or grandchild, creditor issues, liability, family disputes and litigation. Topics include: discussion of trusts vs. limited liability companies vs. limited partnerships as vehicles, successful attacks on trusts by creditors and ex-spouses and how to minimize the chance they succeed, will contests and why some succeed, and post mortem probate litigation. Case studies and practical strategies will be used.

Planning for the State of Confusion – How to Protect Those Assets
One lawsuit can be financially devastating with accumulated wealth being taken to satisfy a judgment. Now that twenty countries and ten states have enacted some type of asset protection legislation, the professional advisor is confronted with a confusing array of domestic and international solutions. This course will set the tools you can use to easily analyze the viability of various creditor protection solutions for any client. You will learn the effectiveness of inexpensive solutions, such as gifting, co-ownership, exemption planning, entity protection available with FLPs, LLCs and corporations, as well as the differences between domestic asset protection trusts and offshore asset protection trusts.

Real Estate Taxation
Whether boom or bust—real estate is a hot topic. This course is designed to survey selected issues having a direct impact on the property owner and investor. The emphasis is on problem areas where the unwary beginner and expert alike can be trapped. Participants will learn to identify dangers involving installment sales, imputed interest, exchanging, equity participation, condemnation, passive loss rules, and transactions with foreign investors. Particular attention will be paid to title ownership, the home sale exclusion and 1031 exchanges.

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