AICPA Engage 2025 Conference: Estate Planning for the 99%

This session will look at why estate planning is critical for the modest estate owner and review post-mortem tax, administrative, and fiduciary elections with an emphasis on the portability election vs. conventional credit shelter trust planning. We will also walk participants through the process of filing the decedent’s final income tax return and relevant elections, and look at the issues when the decedent was a partner in a partnership or S corporate shareholder at the time of death.

Learning Objectives:

• Recognize why planning is critical for those with estates under $13 million and how planning could be impacted under the new administration.
• Recognize the various post-mortem tax elections and why the portability election could be significant.
• Identify the various elections, including applicable business elections, available when filing the decedent’s final income tax return.