Being an executor for an estate is a difficult job that involves probating the will, identifying heirs, and inventorying and distributing estate assets. Understanding how to value the estate assets and provide the basis to be used by beneficiaries is another important, but challenging task.
This webinar will examine the methods used to establish this estate valuation and new basis for the beneficiaries, as well as look at the use of the alternate valuation date and post-mortem techniques for improving the estate tax and income tax aspects of both the decedent’s final returns and the heirs moving forward. The new basis consistency and information reporting requirements will also be covered.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
- Determine the method for valuation of an estate asset and the basis to be used by the recipient of the bequest.
- Describe when an executor should choose the alternate valuation date.
- Describe other post-mortem planning techniques that can affect estate valuation and basis.
Presented by Eric A. Smith, ATP, CFP, CLU, ChFC, CRPC
IRS CE: 1 Hour/Federal Tax Law
NASBA CE: 1 Hour/Taxes
NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.