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Carpe Diem! How to Seize the Opportunities in the Proposed IRS Regulations

Webinar Recorded: August 29, 2016
Presented by Louis W. Pierro, JD, 
Pierro, Connor & Associates, LLC, Stan Miller, JD, ILP + McChain Miller Nissman, Charles E. Coyne, ASA, Empire Valuations, and Patrick Carlson, JD, WealthCounsel, LLC
Duration: 120 minutes

The IRS recently announced sweeping changes to the ways our clients will be able to reduce taxes on their estates going forward. These changes announced as proposed regulations to section 2704 of the Internal Revenue Code, dealing with fractional interest discounts, are scheduled to become final at the end of 2016. Consequently, there is a short timeframe for action and a brief opportunity to discuss with wealthier clients and their advisers what may be the last chance to use tried-and-true methods to reduce the estate taxes.

WealthCounsel and ElderCounsel principals, Bill Conway, Lou Pierro, and Stan Miller will present tax strategies, ideas and a presentation toolkit on how your clients can take advantage of the remaining window of tax reduction opportunity, to create entities and make fractional interest gifts qualifying for discounts. These strategies will reduce their gift and estate taxes for generations.

Topics covered:

  • Review of the tax reduction strategies that you should discuss with your clients and their advisors right now
  • A summary overview of the IRS proposed regulations to 2704 and their long-term implications for transfer tax reduction
  • A step-by-step explanation by a noted valuation appraiser on why and how correctly created and documented fractional interests receive valuation discounts and how they effectively reduce estate and gift taxes for wealthy client families and individuals
  • A detailed review, centered on Wealth Docx®, of how you can create entities such as limited partnerships, limited liability companies, and irrevocable grantor trusts, to effectively and immediately reduce estates and taxes
  • A toolkit of letters and other ideas to send out to your clients and advisers to alert them to the remaining opportunity

This webinar is provided complimentary to all ElderCounsel members by WealthCounsel.

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