Harrison LLP Partner Natalie Perry presented at the AICPA Engage Conference on June 5, 7 and 8, 2023.
6/5/2023: Valuation issues in Estate Planning
This session addressed various valuation issues practitioners should be aware of when advising clients on estate planning matters. The discussion included a review of basic valuation principles as well as recent developments.
Objectives:
- Recognize likely focus areas during an IRS exam
- Calculate taxpayer penalties for overstated asset valuation
- Identify necessary components for a qualified appraisal
- Explain the more comment types of valuation discounts
- Understand defined value clause transfers
6/7/2023: Speed Round-SECURE in Small Bites
Four topics related to recent changes in retirement plans and their distributions.
Objectives:
- Recognize opportunities for clients to maximize retirement wealth
- Determine planning strategies to make the most of SECURE provisions
- Identify the changes brought by SECURE that affect your clients
6/8/2023: What to do when a client dies? A consolidated case study
We walked through a case study and reviewed the process and steps to take when a client dies. We covered the more practical aspects of the process as well as the more complex tax planning and elections that can be made at death.
Objectives:
- Understand what actions may need to be taken.
- Understand how to advise client’s family or advisors when a client dies.
