Featured Speaker - Estate Planning for the Merely Affluent

1:30 PM - 2:30 PM
In recent years, the rise of the Federal estate tax exemption has dramatically reduced the scope of “traditional” estate planning. Nevertheless, financial advisors can continue to provide an extraordinary amount of value in the overall estate planning process. In this session we’ll explore the paradigm shift in end-of-life tax planning, which has changed the focus from estate tax minimization, to basis management and planning to minimize income tax liability. We’ll also explore how the rise of the digital world has created a new wrinkle for estate planning: how to effectively transition “digital” assets, which may include assets with a monetary value, as well as assets with “just” personal or sentimental value, such as social media profiles and digital photos, and online subscriptions.

Learning Objectives:
• Describe the value of portability and the steps necessary to transfer a deceased spouse’s unused exemption amount (DUSEA) to a surviving spouse.
• Discover common problems and solutions for dealing with estate tax “decoupling”.
• Explore different end-of-life basis planning techniques.
• Identify digital assets within a client’s estate.
• Understand the key elements of RUFADAA, and how it controls a fiduciary’s access to digital assets within most states.
Watch for all the details coming on NAPFA 2022 Events