DEAL FOR A WEEK; New Forms & Books

2024 presents a continuing and compelling planning opportunity for many of our clients. The 2024 election and the sunset of the 2017 Act after 2025 are not all that far away. It is suggested that planning discussions and actions need to be addressed with clients sooner rather than later.

The 2024 Estate and Tax Client Planning Letter details several planning opportunities to consider in 2024.  The letter encourages clients to take a fresh look at their planning situation to be sure that their decisions and documents express and memorialize those decisions, are up to date and take maximum advantage of the estate planning, income tax and business planning opportunities offered by the tax law.  

SAVE when you purchase three Life Insurance Trust Forms including:

1) Irrevocable Life Insurance Trust With Crummey Powers And Sample Crummey Letter (40 Pages)
2) Irrevocable Survivorship Life Insurance Trust With Crummey Powers And Sample Crummey Letter (33 Pages)
3) Split Dollar Life Insurance Agreement (With Irrevocable Life Insurance Trust As Policy Owner) And Collateral Assignment Of The Policy To The Employer By The Trustee (11 Pages).

Click "Learn More" above for more information about our 5 Irrevocable Trusts.  Alternatively, each Irrevocable Trust may be purchased individually.

SAVE when you purchase All (10) Steve Siegel Podcasts.   

(click any podcast title for a description including five-minute audio sample or to purchase individually. Individual podcast pricing is noted next to each title):
3 IDGT Forms Explained (1-Hour Audio) - $99
5 Medicaid Planning Trusts Explained (1.5-Hour Audio) - $49
Critical Tax Planning: Looking Ahead to Uncertain Times (1.5-Hour Audio) - $59
Decedent’s Final Return; Postmortem Income Tax Planning (1-Hour Audio) - $59
Detailed Planning Analysis And New Planning Suggestions: The SECURE Act: A Retirement Plan Distribution Game-Changer (1-Hour Audio) - $29
Dynasty Trust Form Explained (1-Hour Audio) - $99
IRC Sec. 199A Simplified (43-Minute Audio Recording) - $99
Portability: More Important Than Ever (80-Minute Audio) - $59
Spousal Lifetime Access Trusts (SLATs): The Popular Estate Planning Tool (1-Hour Audio) - $59
Understanding The SECURE Act (1.3-Hour Audio) - $59

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.

In this one-hour July 22, 2024 program, Steven G. Siegel provides a practical explanation of how to handle a decedent’s final federal income tax return, the federal income tax returns of the estate and the numerous postmortem elections which are available.

SAVE and establish or expand your library with Essential Estate Planning Forms (59 Forms, 648 Pages). Scroll down to read the list of included forms.

Reference these forms to save drafting time and compare how Steve Siegel drafts his documents.  See the detailed description for the list of included forms.  Each form is fully editable and yours for immediate and unlimited use upon purchase.

With recent health and political concerns, more practitioners will be asked for help administering estates than in many years.

In this May 20, 2024 1.5 hour (90 minute) program, Steven G. Siegel, JD, LLM gives a practical explanation of the numerous mistakes which occur in clients' estate planning. Importantly, he also provides useful suggestions of how to fix them.

IMPORTANT:  This 1-Hour Audio is available for CLE credit on our sister sites.  To take this course for online study go to www.NLFonline.com.  To take this course on Audio CD, Flash Drive or by Email Delivery go to www.NLFcle.com.  Only purchase the audio from this website, www.NLFforms.com, if you do not want CLE credit for this program. 

The window to take advantage of generous GST planning opportunities and to repair GST planning mistakes might be closing.  Political risk suggests at least the possibility that the current generous GST exclusion may be reduced substantially. This is a critical time to discuss GST planning with clients.