Estate Planning (640)

General Description:

Participants will learn in detail the foundational principles for structuring contemporary estate plans using modern estate planning theories. The course provides an extensive review of the planning process, including applicable tax considerations, issues of blended and nontraditional families, planning pitfalls, strategies to mitigate litigation, options for flexibility, and an introduction to basic asset protection concepts.

Learning Objectives:

After completing this course the participant will be able to:

• Describe the pros and cons of different foundational estate plans as related to small, mid-size, or large estates and tax law changes beginning in 2013.
• Apply modern estate planning concepts to traditional families, blended families, and nontraditional families.
• Explain the step-up in basis, marital deduction, and tax consequences (including income tax, gift/death tax, and generation-skipping transfer tax) of planning choices inside or collateral to an estate plan.
• Analyze when and how to use portability for a deceased spouse's unused exemption amount.
• Compare strategies for flexibility in an estate plan.
• Identify common planning oversights and pitfalls, including common law marriage claims.
• Use asset integration to maintain the integrity of the estate plan.
• Explain various planning options to achieve asset protection.

Instructors:

Janine A. Guillen is a principal in her trusts and estates firm in Lone Tree, Colorado. Licensed in Colorado and New York, her practice focuses on generational wealth transfer planning and asset protection. She has taught for AES and CPE4U for more than five years and guest lectured at the University of Denver Sturm College of Law. Previously she was a partner in two law firms, one of which was nationally recognized in tax controversy work.

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