Wealth in the Middle Lane: Estate Planning for the Middle Rich

Presentation Description:

With the One Big Beautiful Bill Act (“OBBBA”) enacting record-high and now permanent federal estate tax exemptions, many individuals and families of moderate but significant wealth are no longer under the threat of federal estate taxation. These families may wish to shift their focus to consider income tax (and step-up) planning strategies as it relates to their estate planning.

Additionally, families should plan for end of life. This includes minimizing or avoiding probate and preparing for the transfer of wealth to the next generation, including protecting assets during your client’s life and the lives of their beneficiaries. In this session, the presenters will discuss (1) the current federal income tax and federal and state estate tax environment; (2) different estate planning vehicles, including life insurance, and their strategies for federal income and local estate tax purposes; (3) probate avoidance; and (4) asset protection strategies for both your current clients and their future beneficiaries.

3 Learning Objectives:

1. Describe the current federal income and local estate tax landscape

2. Learn about strategies for probate avoidance and minimization

3. Describe options for the protection of assets