When Advising Clients on Portability
Are You Just Making a Judgment Call
Or Are You Doing the Math?
The choice of using Portability or a Bypass Trust has become perhaps the biggest estate planning and administration decision affecting married couples.
In advising clients, most estate planning professionals look to certain key factors, like the potential size of the estate and basis step-up when the surviving spouse passes - - then use a “SWAG” (super wild a—d guess) as to whether electing Portability or funding a Bypass Trust is better.
However, that kind of simplistic analysis and advice may wind up making the wrong decision for a particular client. Especially when a deeper, more definitive, mathematical analysis can be done and is appropriate.
When making the Portability vs. Bypass discussion, you need to know:
- The 7 strategies to consider when analyzing the mathematics of Portability
- The true value of basis step-up (including state income tax) and how this income tax consideration compares to potential estate taxes
- How the frozen DSUEA (Portability amount) can work against your client, given the estate tax exclusion is indexed for inflation
- How the type of martial bequest – outright, QTIP or Clayton QTIP – can affect this analysis
- The mathematical advantage of a general power of appointment
- How Grantor Trust status factors in
- How the GST exemption also fits into this analysis
- How to coordinate the portability decision with the planning to “stretch” an IRA
Learn all this and more by joining us and Robert Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA for a 90-minute presentation entitled, “The Mathematics of Portability”.
- Program Title: The Mathematics of Portability
- Speaker: Robert S. Keebler
- Duration: 90 minutes
ABOUT THE SPEAKER
CPA/PFS, MST, AEP (Distinguished), CGMA
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer…
IMPORTANT NOTICE REGARDING CE CREDIT
The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.
However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.