Critical Tax Planning: Looking Ahead to Uncertain Times (1.5-Hour Audio)

For the last twenty-plus years we have been in what could be considered a golden age of tax and estate planning. Change is on the horizon. Favorable provisions enacted by the 2017 Tax Cuts and Jobs Act (TCJA) are set to "sunset" at the end of 2025. This sunsetting, coupled with a consequential election, mean that we do not know what the tax laws will be next year.

What planning opportunities should you take advantage of while provisions remain favorable? In this September 5, 2024, 1.5-hour program, Steven G. Siegel, JD, LLM covers, in detail, many planning strategies to consider and recommends making your clients aware of possible and less favorable planning conditions.

Mr. Siegel is president of The Siegel Group, a Morristown, NJ-based nationally-recognized firm specializing in tax consulting, estate planning, and advising family business owners and entrepreneurs. He holds a BS from Georgetown University, a JD from Harvard Law School, and an LLM in Taxation from New York University. Mr. Siegel is also the popular drafter and contributor of many of the fully-editable forms available to attorneys on NLFforms.com.

Major topics include:
Preliminary considerations
- what changes if the 2017 TCJA sunsets?
- Biden budget plan for 2025
- planning opportunities
Focus on income tax basis planning
Life insurance planning
Hedge the sunset
Grantor trusts: the most important tax planning technique
GST planning; dynasty trusts
SECURE Act creates new planning challenges
Business planning
Charitable planning

Several Related Forms/Audios by Steve Siegel are available on NLFforms.com:
2 Durable Power Of Attorney Forms: "Springing" and "Non-Springing" (18 Pages)
GRAT (Grantor Retained Annuity Trust) (32 Pages)
Preparing the Federal Estate Tax Return (Form 706) (June 2020 Edition) (53-Page Book)
Portability: More Important Than Ever (80-Minute Audio)
Portability Election for Estates and Trusts - 4 Alternative Clauses (3 Pages)
Spousal Lifetime Access Trust (SLAT) (30 Pages)
3 IDGT Forms Explained (1-Hour Audio)
Intentionally Defective Grantor Trust Forms: Intentionally Defective Grantor Trust (7 Pages), Installment Sale To Trust (3 Pages), Promissory Note For Sale To Defective Grantor Trust (2 Pages)
3 Irrevocable Life Insurance Trusts (75 Pages)
2 Power Of Appointment Forms: Creation Of Power Of Appointment & Exercise Of Power Of Appointment (3 Pages)
Inter Vivos QTIP Trust (10 Pages)
Dynasty Trust Form Explained (1-Hour Audio)
Dynasty Trust (34 Pages)
5 Accumulation Trusts (5 Trusts, 86 Pages)
Charitable Lead Annuity Trust (CLAT) (41 Pages)
Buy-Sell Stockholders' Agreement: Cross-Purchase (17 Pages)