Anticipated Tax Changes Affecting Estate Planning for This Year and Future Years

CLE Courses Available on DVDs, Audio CDs, USB Stick, Online & iOS/Android App!

Course Media Options

About This Course

The tax world is likely to change (yet again!) and if so, that will have far reaching economic effects. You and your clients need be prepared...not later this year, not later this month, but NOW. Although we cannot know what will be proposed by the Biden Administration, we have plenty to consider. It is likely that Biden administration tax proposals can be enacted under a Budget Reconciliation Act, which cannot be filibustered. This webinar will discuss what the most likely and most consequential tax proposals are likely to be, and how you can help your clients prepare for them now.

The webinar will cover some major income tax changes from the potential loss of tax free exchanges for real estate under Section 1031, the taxation of capital gain at ordinary income tax rates (if total income is above $1 million for the year), decrease of benefits of qualified opportunity zones, increase in corporate tax rates, a modest rise in individual rates, potential restoration of full deduction for state and local taxes, but limiting the benefit of any and all deduction to a rate of not more than 28%, and more.

Changes relating to estate planning likely also will be adopted, including a reduction in the exemptions (possibly to $5 million or $3.5 million or even less), a limit on the aggregate benefit of the annual exclusion, a modest increase in rates, and perhaps of greatest consequence the elimination of the tax free step up in basis. We will discuss ways to plan now but with some options to back out of action if it turns out the steps taken were too hasty or incorrect.

Spend less and get more

Get the courses that you need and the forms completed in days — not weeks or months.

Feature Ribbon Icon
CLE Manager on a headset

Dedicated CLE Manager

Quality help from a responsive CLE expert dedicated to assisting you.

Feature Ribbon Icon
A wall of media options

Riveting Content & an Exceptional Library

Experience outstanding presenters.

Feature Ribbon Icon
Customer viewing progress on a computer

Free Customized CLE Tracker

Keep crystal clear records of your courses and credits.

Feature Ribbon Icon
All of our media formats

Online, Audio CD, DVD, iOS/Android App, USB Stick

Learn at your pace, in the format that you prefer.

Want Different Options?

For a custom suite of courses, our custom CLE option satisfies your CLE cycle requirements in one easy step.

Customize OptionsRight ArrowCustomize Options