2010 Estate Tax Repeal

By Martin Shenkman, CPA, BMA, JD







The Overview of the Estate Tax System for 2009, 2010, and
2011.



The 2009 Estate Tax Rules.



The 2010 Estate Tax Rules after December 31, 2009. 



State Tax Rules after the 2010 Repeal.



The 2010 Income Tax Basis Rules.



The Character of Property in terms of Estate.



The General Increase to $1.3 Million in Tax Basis



The Requirements to Qualify for $3 Million Spousal Basis
Adjustment.



The Out Right Transfer of Property to Surviving Spouse
Qualifies for Basis Step Up. 



Planning for the New Spousal Basis Adjustment



The Inflation Adjustments Increase $1 / $3 Million Figures.



The Income with Respect to the Decedent. 



The Gain on Distribution.



The Updating of Last Will and Testaments.



Funding a GST



2011 Estate Tax Rules



Generation Skipping Transfer Tax Gifts



GST Trust Distribution Planning



GRAT Planning under Repeal



Being Prudent under the Prudent Investor Act.



Appraisals



Updating your Powers of Attorney



Updating your Revisions to Will



The New Formula for Bypass Funding



Sample Will Clause in terms of Bypass Trust and QTIP Trust



The Provisions of a Trust Protector



Actions taken on Irrevocable Trusts. 



The Estate Planning Attorney’s duty to inform Clients



Drafting and Planning your Estate Documents



Attorney Client Privilege Issues in Estate Planning



 



Also Speaking…



 



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