Comprehensive Estate Planning: Administration & Postmortem Strategies

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Instructor

Art
Werner

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Art Werner, J.D., M.S.

Bio

Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.

In addition, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.

Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.

Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.

Navigating the complexities of estate and trust administration is a vital skill for professionals, who play an integral role in the administration team. This comprehensive course is designed to equip professionals with a thorough understanding of their responsibilities and the processes involved in estate administration, enhancing their ability to address estate settlement issues effectively. Participants will be provided with a detailed overview of the professional’s role in estate and trust administration, emphasizing practical insights and strategies for managing assets, addressing the legitimacy of debts and creditors, and ensuring the proper distribution of assets.

**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Learning Objectives

Recognize the key elements of Estate Administration
Identify the terms of a last will and testament
Recognize the differences between the various entities
Identify the estate administration procedures
Recognize the issues in the probate process and the courts
Identify special issues in the estate administration process
Recognize key considerations in postmortem estate planning for effective client guidance
Describe the implications of alternative valuation dates on estate tax planning
Discuss strategies for optimizing savings bond interest acceleration in estate planning
Identify opportunities and requirements for installment payments of estate taxes
Explain the strategic use of QTIP elections under IRC §2056(b)(7)
Analyze basis issues in postmortem planning to maximize tax benefits
Discuss the implications and process of estate fiscal year and accounting method elections
Apply planning considerations for qualified plans and IRAs to enhance client outcomes

Major Topics

Introduction to Estate Administration
How to Read a last will and testament
Understanding the Entities
Administration the Estate and Orderly Process
The Probate process and the courts
Special Issues in Estate Administration
Postmortem Issues Regarding Income Taxation of Descendants and Estates
Post Mortem Opportunities on the Estate Income Tax Return
Available Post Mortem Estate Tax Elections
Portability Election
Disclaimers

CPE Credits Available

8 CPE

8: Taxes

Things to Know About This Course

Course Level

Intermediate

Professional Area of Focus

Taxes

Advanced Preparation

None

Intended Audience

CPAs, EAs, and attorneys

Provider

ACPEN

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