Estate Planning for Tax Professionals


Jun 07,2022

PRESENTER(s): Klaralee R. Charlton

1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 240 Minutes
  • Webinar Instruction will be emailed on your registered email address 3 days prior to webinar
  •  | 
  • Web Download / e-Transcript will be shared in 7 working days from the date of webinar

This program has been approved NASBA & IRS CPE Credit 4(Taxes)

As a tax professional, you are a crucial part of the estate planning team. You will also be called upon to assist the family after a death in properly reporting post-death transactions in accord with the existing estate plan. This course will introduce you to the different types of estate planning documents you will encounter and describe the tax reporting requirements associated with each including Wills, Revocable Trusts, and Irrevocable Trusts. The course will also review the types of assets normally transferred by taxpayers at death including real estate, business interests, life insurance, and retirement accounts and how each interact with the taxpayer’s estate plan.

Session Highlights: 

  • Explain the difference between a Will, Revocable Trust, and Irrevocable Trust.
  • Learn how a taxpayer’s assets are transferred when a client structures his estate plan with a Will versus a Trust.
  • Analyze the transfer process for the main assets of a Taxpayer’s estate and the tax consequences associated with each.
  • Determine which estate planning techniques are advisable for clients in different situations and when clients should take action to make changes.
  • Identify tax saving opportunities for clients to pursue both before and after a death.

Learning Objectives:

  • Understand the differences between the primary estate planning documents.
  • Advise clients on the pros and cons of estate planning techniques.
  • Analyze the tax consequences related to using each type of estate planning document.
  • Describe the transfer process for each of the taxpayer’s main types of assets.

Credits and Other information:

    • Recommended CPE credit – 4.0
    • Recommended field of study – Taxes
    • Session Prerequisites and preparation: None
    • Session learning level: Basic
    • Location: Virtual/Online
    • Delivery method: Group Internet Based
    • IRS Course ID: PJGWS-T-00050-22-O
    • Attendance Requirement:  Yes
    • Session Duration: 4 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference

    Who Will Benefit:

    • CPA's
    • Tax and Estate Planning Attorneys
    • Accountants
    • Registered Agents
    • Tax Compliance Managers
    • Other Tax Professionals
    • Finance Professional
    Speaker Profile:
    Klaralee Charlton is a Shareholder with Katz, Look & Onorato, P.C. where she practices fiduciary tax, estate administration, and business transactional law. As part of her practice, Ms. Charlton guides clients through the process of administering a loved one’s estate including the collection, valuation, management and transfer of assets including financial accounts, real estate, and business interests with a focus on minimizing estate and income tax liability. She also works closely with trustees of ongoing trusts to ensure compliance and prepares clients’ fiduciary income tax returns annually.

    Klaralee has written and lectured on topics including estate and gift tax, fiduciary income tax reporting and U.S. regulations governing the valuation of small family businesses. She previously served as Chair of the Colorado Bar Association, Tax Section and President of the Greater Denver Tax Counsel Association. She earned her J.D. from the University of Utah, S.J. Quinney College of Law, her LL.M. in Tax Law from the University of Denver, and her B.A. in political science from Bryn Mawr College. She is admitted to practice in both Colorado and Montana.

    Our Accreditation Partners