Steven G. Siegel

StevenSeigel_web.pngSteve Siegel is president of The Siegel Group, a Morristown, New Jersey-based national consulting firm specializing in tax consulting, estate planning and advising family business owners and entrepreneurs. He holds a B.S. from Georgetown University, a J.D. from Harvard Law School, and an LL.M. in Taxation from New York University.

Mr. Siegel is the author of several books, including the Grantor Trust Answer Book published by Wolters Kluwer, and is a nationally-recognized writer and speaker who has lectured extensively throughout the United States on tax, business and estate planning topics. Mr. Siegel has served as an adjunct professor of law at Seton Hall and Rutgers University law schools.




Course Descriptions

Business Succession Planning: Case Studies


CPE Credit:      2 hours for CPAs, ABAs

 

One of the most difficult issues facing a business owner – and his or her advisors – is what to do with the business as the owner addresses the realities of aging, retirement and illness. A lifetime of effort and success deserves to be preserved if at all possible. Is there a plan? How can a plan be created? What should be done? How should a spouse and children be provided for? Should the owner hang on or step away? How will value be realized? What is “fair” to all concerned? Can anything be done if the owner dies and did no planning? These are the issues confronting the practitioner as advisor to his or her family business clients.

This two-hour online session draws on the actual experiences of a practitioner – good and bad – in a series of case studies drawn from his practice to help you advise your clients on these closely held business and owner issues. Presented by noted tax, estates and trust practitioner, author and educator, Steven G. Siegel, J.D., LL.M., this interesting and insightful program will address solutions – as well as successes and failures – in the business succession process. Mr. Siegel, an outstanding speaker and presenter, will examine the issues for several different situations that practitioners and firms will face and provide potential solutions drawn from his 30+ years of experience to those issues to help clients achieve their objectives.

Your clients count on you and your other firm staff members to be their proactive trusted advisor. Mr. Siegel will guide you in spotting the issues, the landmines, and traps for the unwary. And he’ll feed you practical ideas and suggestions for working with your clients on key business succession planning issues.

All professionals who work with clients on tax, estate, and financial planning matters will benefit from this timely and insightful seminar. To reinforce your understanding and get help on your most pressing issues, you will have opportunities to submit questions directly to Mr. Siegel during the program.


At the completion of this course, you should be able to:

  • Describe what family trusts are and how they can be used to accomplish a range of client objectives
  • Explain to clients the different types of family trusts and their advantages and disadvantages
  • Differentiate functions of a family trust
  • Identify reasons to create a living trust
  • Recognize attributes of qualified terminable interest property (QTIP) of an estate trust or a power of appointment trust
  • Describe advantages of using an irrevocable trust to hold life insurance proceeds
  • Identify benefits of having a qualified personal residence trust (QPRT)
  • Recognize how a grantor can avoid transferring property with low basis from an intentionally defective grantor trust (IDGT)
  • Identify who can be a trustee
  • Differentiate when charitable remainder unitrusts (CRUTS) are preferable to charitable remainder annuity trusts (CRATS)
  • Recognize who is permitted to be an S corporation shareholder
  • Identify what a grantor can do to avoid gift tax with a GRAT
  • Differentiate fiduciary obligation of a trustee
  • Recognize the Crummey withdrawal power limitations
  • Identify how the portion of an electing small business trust (ESBT) that consists of S corporation stock is treated
  • Describe how to name a trust as beneficiary of a retirement plan

Level Intermediate Instructional Method In Person NASBA Field of Study Taxes (2 hours) Program Prerequisites Basic knowledge of wealth transfer taxes Advance Preparation None


Family Trusts: Planning to Preserve, Protect and Transfer Wealth for Your Clients


CPE Credit:      2 hours for CPAs, ABAs


Presented by noted estates and trusts practitioner, author and educator, Steven G. Siegel, J.D., LL.M., this insightful course will provide a practical primer on family trusts, describing what they are and how they are most commonly used to achieve a range of objectives for clients. This convenient and helpful two-hour CPE course is designed for practitioners who want to understand how family trusts can be used to preserve, protect and transfer wealth. Mr. Siegel will discuss the fundamental concepts, terminology, and uses of family trusts, so you can feel more confident in your discussions with clients regarding trusts.
          

At the completion of this course, you should be able to:
  • Describe what family trusts are and how they can be used to accomplish a range of client objectives
  • Explain to clients the different types of family trusts and their advantages and disadvantages
  • Differentiate functions of a family trust
  • Identify reasons to create a living trust
  • Recognize attributes of qualified terminable interest property (QTIP) of an estate trust or a power of appointment trust
  • Describe advantages of using an irrevocable trust to hold life insurance proceeds
  • Identify benefits of having a qualified personal residence trust (QPRT)
  • Recognize how a grantor can avoid transferring property with low basis from an intentionally defective grantor trust (IDGT)
  • Identify who can be a trustee
  • Differentiate when charitable remainder unitrusts (CRUTS) are preferable to charitable remainder annuity trusts (CRATS)
  • Recognize who is permitted to be an S corporation shareholder
  • Identify what a grantor can do to avoid gift tax with a GRAT
  • Differentiate fiduciary obligation of a trustee
  • Recognize the Crummey withdrawal power limitations
  • Identify how the portion of an electing small business trust (ESBT) that consists of S corporation stock is treated
  • Describe how to name a trust as beneficiary of a retirement plan

Level Basic Instructional Method In Person NASBA Field of Study Taxes (2 hours) Program Prerequisites Basic knowledge of wealth transfer taxes Advance Preparation None


2017 Tax Cuts and Jobs Act: Impact on Financial and Estate Planning


CPE Credit:      2 hours for CPAs, ABAs

The 2017 Tax Cuts and Jobs Act has doubled the exclusions for gift, estate and generation-skipping transfers and preserved date of death values for income tax basis in a law that will sunset in eight years. Are you aware of the changes and the planning opportunities? Join Steve Siegel, J.D., LL.M., for this two-hour on-demand course that will present an overview of the new law and suggestions about how to advise clients now of the changes that may affect them, their families and their businesses. Issues involving gifting, portability, dynastic estate planning, Roth IRA conversions, persons living in high income and property tax states, states which still have death taxes and more will be the focus of our discussion.
         

At the completion of this course, you should be able to:

  • Describe the provisions of the 2017 Tax Cuts and Jobs Act that affect estate planning
  • Recognize how clients can take steps in 2018 to take advantage of opportunities the law presents
  • Identify the major focuses for estate planning
  • Describe the primary motive for enacting portability of the federal estate tax exemption
  • Differentiate which states allow portability of the exemption amount related to by-pass trusts
  • Recognize true statements regarding the new planning considerations
  • Identify a special planning concern where trusts are used
  • Describe correct statements regarding the considerations around retirement plan benefits
  • Recognize the 2018 applicable exclusion from federal transfer taxes is approximately how much per person
  • Identify the estate tax exemption for nonresident aliens
  • Recognize the primary motive for enacting portability of the federal estate tax exemption was simplifying estate planning
  • Differentiate types of trust and which should be used to maximize income shifting opportunities
  • Identify the age to take advantage of the transfer of IRA funds directly to charity

Level Update Instructional Method In Person NASBA Field of Study Taxes (2 hours) Program Prerequisites Basic understanding of federal estate taxation topics Advance Preparation None

Thursday CPE Sessions

9:15 am - 11:15 am  Charlotte TBD

Business Succession Planning: Case Studies
2 hours CPE for CPAs, ABAs

2 hours CPE Federal Tax Related for EAs and OTRPs
2 hours CPE Federal Tax Law for CTEC

 

1:00 pm - 2:50 pm Charlotte TBD

Family Trusts: Planning to Preserve, Protect, and Transfer Wealth for Your Clients
2 hours CPE for CPAs, ABAs
2 hours CPE Federal Tax Related for EAs and OTRPs
2 hours CPE Federal Tax Law for CTEC



3:10 pm - 5:00 pm Charlotte TBD

2017 Tax Cuts and Jobs Act: Impact on Financial and Estate Planning
2 hours CPE for CPAs, ABAs
2 hours CPE Federal Tax Related for EAs and OTRPs
2 hours CPE Federal Tax Law for CTEC