Description
Learn methods of closing the estate and how to reduce income tax liability in the final year of the estate.Many practitioners are perplexed by estate tax, and the applicable filing requirements this perplexing feeling is only made worse by recent federal estate tax changes. This topic will help estate planners to determine the different types of taxes affecting estates, how to calculate the estate tax, and ways to plan for limits on the estate tax.
Date: 2021-09-30 Start Time: End Time:
Learning Objectives
Closing the Estate
• Steps in Closing the Estate
• Timeline and When to Act
• Executor Actions
How to Close the Estate
• Fees for the Personal Representative and Attorney
• Making the Distributions
• Final Petition and Accounting
Taxes and Filing the Return(s)
• Individual 1040 Taxes
• Estate Tax Return 1041
• Estate Tax Return 706
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Joshua R. Driskell-Lagerlof, LLP, Lindsay K. Francis – Lagerlof, LLP
