All About Basis Planning for Trust and Estate Planners (Telephone)
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For most clients, income tax will have a far greater financial impact on a client’s estate than estate or gift taxes. The taxability of client assets depends in large part on the basis the client has in those assets. An asset’s basis depends on how it was acquired – by purchase, gift, or inheritance. Basis can be stepped up (or down) to fair market value or given a carryover basis, all depending on the timing and nature of the transfer.

1/8/2018
When: Monday, January 8, 2018
12:00 PM - 1:00 PM CT

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MCLE Accreditation
Nebraska Activity #152350, 1.0 hours CLE (Distance Learning)

For most clients, income tax will have a far greater financial impact on a client’s estate than estate or gift taxes.  The taxability of client assets depends in large part on the basis the client has in those assets.  An asset’s basis depends on how it was acquired – by purchase, gift, or inheritance.  Basis can be stepped up (or down) to fair market value or given a carryover basis, all depending on the timing and nature of the transfer. These transfers and the character of the underlying assets provides substantial planning opportunities for clients – and, crucially, cause to revisit existing trust and estate plans based on wider applicability of the estate tax. This program will provide you with a practical guide to income tax basis planning for trust and estate clients. Original speaker will be available for questions.

  • Importance of basis planning to many clients as estate tax recedes
  • Basis fundamentals for purchased assets v. gifted assets v. inherited assets
  • Inter vivos and post-mortem planning opportunities to optimize basis
  • Evaluating asset types to determine practical tax and financial consequences of basis planning
  • How trust planning can create adverse basis consequences – credit shelter trusts and more
  • Revising trust and estate plans to optimize basis planning
Daniel L. Daniels is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families.  A Fellow of the American College of Trust and Estate Counsel, he is listed in “The Best Lawyers in America,” and has been named by “Worth” magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in “Trusts and Estates” magazine.  Mr. Daniels received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.

To Register:Cost $89.00

https://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=23444

  • Click on above link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion


If you need additional information on your CLE credits please contact:
Amy Prenda, Nebraska State Bar Association
(402) 475-7091 ext # 131; aprenda@nebar.com