It's uncommon for financial advisors to know much about estate administration, but it is practical  to master the basics.

 

This class provides an overview on how investment advisors and financial planners can help administer an estate. It includes a checklist of tasks and an overview of what each task entails.

 

The class spells out the personal information you’ll need to collect from clients and when to get an EIN.  You'll also learn about:

• Legal Principles and Definitions
• Working Closely with Legal Counsel
• Property Law Concepts
• Filing special IRS Forms SS-4, 56, 4810, and 5495
• Executor Checklist
• Developing an Inventory and Estate Accounting(s)
• Allocating Income between Form 1040 and Form 1041
• Filing your client’s final Form 1040
• Special Considerations for IRAs and ERISA Plans
• When to make Section 454 Elections
• When to make Section 754 Elections
• Understanding the fine points of basis
• S-Corp Issues
• Partnership and LLC considerations
• Passive Loss Carryforwards and Estates
• Fiscal Year Elections
• Tax Aspects of Pecuniary and Specific Bequests

 

This class is part of Advisors4Advisors monthly income-, estate-, and gift-tax course. For over a decade, the course taught practitioners about planning techniques to respond to changing financial, economic, and legislative conditions. It is taught by Robert S Keebler, a leading educator of accounting and tax professionals for over three decades. 

 

 

Course learning objectives:

• techniques under current financial, economic, and legislative conditions
• annual tax requirements
• strategic tax planning advice
• strategies for business owners, doctors, real estate investors, and corporate executives 
• implementing the advice you provide