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To Use Portability or NOT Use Portability?

The IRS Has Simplified the Process and
Portability is Now Your Biggest Planning Opportunity!

Since “portability” became law, no single best structure or best practice has emerged. Estate planners are forced to carefully consider each client’s unique situation. Moreover, while portability was a simplification and improvement, the need to fix mistakes remains.

The best structure for a particular client really varies. Should you still use the traditional bypass trust?  Or some new variation of it (including second death step-up provisions)?  Or use a QTIP trust? Well, thanks to Rev. Proc. 2016-49, the QTIP alternative has greater appeal and certainty. Or is the marital deduction and portability simply good enough? And what about clients who don’t seem to have an estate tax liability, should you file for portability anyway?

Many families will have to overcome mistakes or simply recalibrate their plan as well. Late elections can be hard but have tremendous value.  Rev. Proc. 2022-32 has simplified this process.  However, those outside the simplified procedures can get relief too.

This is why we’ve turned to nationally renowned CPA and tax expert, Robert S. Keebler, CPA/PFT, MST, AEP (Distinguished), to put together this timely and practical presentation entitled, “The Four Paths to Portability”.

During this 91-minute presentation, Bob will cover the following: 

  • What exactly is the planning opportunity confirmed by Rev. Proc. 2016-49
  • The simplified procedure to make late elections provided by Proc. 2022-32 (which superseded Rev. Proc. 2017-34)
  • How the “Portability QTIP” can be used to combine asset protection and a step-up at the second death
  • How the Portability QTIP can be further used to combine GST protection and a step-up at the second death
  • The mathematics of the Portability QTIP compared to the traditional Bypass Trust and a Bypass Trust including a formula step-up provision
  • How the use of the Portability QTIP compares to an outright spousal gift at death
  • Does the Portability QTIP makes sense in a second marriage?
  • How to chart the best course for IRAs
    • Does a Portability QTIP make sense compared to a spousal rollover?
    • How the minimum distribution rules work with a spousal rollover vs. Bypass Trust vs. QTIP trust
  • Making the election a timely filed return and how to file a portability only tax return
  • Steps for receiving late election relief under the streamlined procedure 
  • The basics of 9100 relief
  • And much, much more!

Your purchase includes an instantly downloadable video and audio recording, along with PDF handout materials. A PDF transcript is available as an add-on for an additional fee.

  • Program Title: The Four Paths to Portability
  • Speaker:
  • Duration: 91 minutes

Purchase

Includes: MP4 Video (and Audio) Recording of Presentation plus PDF handout materials.

NOTE: PDF Transcript available as an add-on for an additional fee during checkout.

SKU RSK051424IDP

ABOUT THE SPEAKER

Robert S. Keebler

CPA/PFS, MST, AEP (Distinguished)
Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) 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 Planners & Councils. 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. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue…

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.