Integrating Estate Planning with the Tax and Financial Plan

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Today, a substantial portion of the wealth held by Americans consists of tax-deferred retirement accounts, such as traditional IRAs, 401(k)s, and 403(b)s. These accounts are somewhat unique in that both estate and income tax may be due at death. However, these accounts create a forum for personal financial planners to provide valuable planning opportunities to their clients. This CPE course covers taxation and income tax planning, integration with other areas of personal financial planning, and the interrelationship between income tax and estate tax, which provides numerous personal financial planning opportunities.

As a personal financial planner, you should have broad familiarity with concepts such as income in respect of a decedent (IRD), retirement plans, and net unrealized appreciation. This course considers planning for these elements, which mandate the use of outside advisers, so you can work with multiple advisers in achieving the client's estate plan. When you are comfortable working, planning, and providing services to clients with other professionals, the collaboration of advisers provides additional avenues of wisdom and service fulfilment that are not possible when working without this other group of advisers.


  • Identify the court-appointed substitute decision maker for an incompetent adult.
  • Recall the most critical feature of a special needs trust.
  • Identify the person appointed to manage Social Security payments on behalf of an individual.
  • Recall the features of a qualified terminable interest property trust.
  • Recall the due date for Form 706, "United States Estate (and Generation-Skipping Transfer) Tax Return."
  • Identify the latest date by which a disclaimer must be made.
  • Recognize the implications of a nonresident, noncitizen spouse of a U.S. citizen.
  • Recall the personal financial planning constraints when working with cohabitating partners.

Major Topics

  • Incapacity planning
  • Guardianship
  • Conservatorship
  • Postmortem estate planning
  • Powers of attorney
  • Advanced medical directives
  • Trusts
  • Other estate planning considerations

Designed For

CPAs and financial planners with basic knowledge of personal financial planning, and an interest in estate planning.

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