Act Fast to Correct
Portability Errors!
(Because time is running out!)
The 2010 Tax Act permits a deceased spouse’s unused exemption amount (“DSUEA”) to carry forward to the surviving spouse, without bothering to set up “A” and “B” Trusts - - so long as the survivor elects portability on a timely filed estate tax return (Form 706).
Clearly, filing a 706 makes sense when the “A” and “B” aren’t funded and a couple’s total estate exceeds $5 million.
But are you aware that filing a 706 and electing portability may also make sense in these scenarios? (Which you may have already overlooked!):
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The deceased spouse’s assets total less than $5 million and are all funded in the “B”, so it appears the decedent used all his or her available exemption
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The “B” is funded with all of the deceased spouse’s assets available to do so (those that passed under the Will or Living Trust), but the “B” is still under $5 million - - and the decedent had other assets (like IRAs) that passed directly to the spouse
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The total estate of a couple is well less than $5 million, but there’s a strong possibility that the exemption available when the survivor dies may significantly drop due to future law changes - - or the estate may grow significantly between deaths
In other words, many estates, even those far below $5 million, may need to file a 706 - - and the window to do so timely may be quickly slamming shut!
You need to know right away:
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The ins and outs of the New “Portability” Rules
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How the Rules actually work - - using common examples
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The impact of choosing Portability - - or not - - for different types of clients
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How to avoid the malpractice traps associated with Portability
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Overlooked GST issues relating to Portability and the $5 million exemption
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How to successfully navigate the new IRS Form 706 just released!
Join me and nationally renowned CPA, Robert S. Keebler, for a very special and timely 60-minute program, “Latest Time-Critical Issues Regarding Portability and Form 706”.
BONUS: Y ou will also receive a form letter to not only immediately inform your clients of the need to decide upon portability right away, but to protect you against significant future liability if they don’t!
Title: Latest Time Critical Issues Regarding Form 706 and Portability
Duration: 60 minutes
Cost: $129 for Immediate Download / $179 for Printed Materials & CD
Speaker: Robert S. Keebler, CPA, MST, AEP and Philip J. Kavesh, J.D., LL.M.(Tax), CFP®, ChFC, CA State Bar Certified Specialist
Purchase Includes: Handout Materials and Audio Recording
Frequently Asked Questions
Online: Purchase online - - it's fast, safe and convenient! Choose one of the options below.
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IMMEDIATE DOWNLOAD
Includes: PDF Handout Materials & MP3 Audio Recording
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$129
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PRINTED MATERIALS & DISC
Includes: Printed Handout Materials and CD-ROM containing PDF version of handout materials and audio recording
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$179 + S&H
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By Phone: Call us at 1-866-754-6477
*IMPORTANT NOTICE REGARDING CE CREDIT: The Ultimate Estate Planner, Inc., Philip J. Kavesh, Robert S. Keebler and Keebler & Associates, LLP are not approved Continuing Education Sponsors. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation on these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. A Certificate of Completion will be provided to all of those in attendance. It is the responsibility of the participant to file for CE credit and is not guaranteed by The Ultimate Estate Planner, Inc., Philip J. Kavesh, Robert S. Keebler and Keebler & Associates, LLP. |