NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Multigenerational Financial and Tax Planning for Clients

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Online Registration Form

Date: October 27, 2017
Location: Mahoney State Park, Ashland
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
Many clients overlook planning that takes into account not only their own issues but also the needs of other generations - above and below - of the extended family unit. Advisors can help achieve tax and financial planning objectives for multiple ties within the family. This course will explore various techniques for different net worth/income levels of generations.
Objectives
* Identify transactions that may benefit multiple generations in a family. * Understand how the net investment income tax impacts various tax and financial planning strategies. * Understand structuring of a business and the transfer of interests in a family-owned business.
Highlights
* Using the trans-generational IRA to benefit lower-income parents * How to take advantage of the Roth IRA * Income-splitting and the creation of earned income for lower and higher generations * Qualifying higher-generation members as dependents * Medical expense: how younger generations can help higher-generation members * Elder care planning: reverse mortgages, Medicaid eligibility * Checklist of documents each generation needs * Loans and gifts that may reduce or eliminate the net investment income tax * Role of trusts in multigenerational planning * Ownership of real estate: does the QPRT make sense? * Succession planning: transferring a business interest; use of voting and nonvoting stock; planning for redemptions; special problems of LPs, LLCs, and partnerships; buy-sell and other restriction agreements * Minors: using trusts, kiddie tax issues, avoiding net investment income tax; funding education and retirement through CESAs and 529 plans * Life insurance: who needs it, and how much; use of annuities and private annuities.
Who Should Attend
CPAs who provide tax and financial advice to clients within multiple-generation family structures.

Course Level Intermediate
Prerequisites Prior experience in advising clients on individuals and financial planning issues.
Course IDMGEN
Discussion LeaderMichael A. Frost, Surgent
CPE Credit8 Hours
Additional Information: Parking and lunch are provided on-site.
Fee: $255 - Society Member
$285 - Society Nonmember
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635 S. 14TH ST. SUITE 330
LINCOLN, NE 68508
(402) 476-8482
(800) 642-6178
(402) 476-8731