New Developments in Estate And Gift Tax: A Look at What has Been Introduced into the US Senate (scheduled webinar)

  • Credits: 2
  • Format: Scheduled Webinar
  • Field of Study: Federal Tax Update
  • Author/Speaker: Art Werner
Course ID: Advanced Preparation: Experience Level:
EWTFM-U-01790-21-O | 6233-CE-0510 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© April 2021 Basic Understanding of Estate and Gift Taxation Self-Study Video | Self-Study Audio | OnDemand Webinar

Legislation, known as the “For the 99.5% Act”, has been introduced in the United States Congress. If passed, this legislation will create significant changes in estate and gift planning for your clients. This is a significant piece of legislation introduced and it warrants our attention.

Art Werner will discuss this legislation and will inform you as to how you should advise your clients in the tax and the non-tax areas of estate and gift planning.

Topics include:
  • The elimination of most minority interest discounts
  • The elimination of many marketability discounts for passive assets
  • The reduction of the estate tax exemption to $3,500,000
  • The reduction of the gift tax exemption to $1,000,000
  • Changes to the GST exemption and GST rules
  • Estate and gift tax rate increases including a 65% rate
  • Expanded conservation easements
  • The practical elimination of GRATs
  • Potential elimination of the ILIT under the grantor trust inclusion rule
  • The new 50-year federal rule against perpetuities and the effective date rules
  • How to address estates under administration when you can still elect to pay tax
  • Gifts and sales to grantor trusts before enactment


Learning Objectives:

After this presentation, you will be able to:

  • Advise your clients as to how to update their estate and gift plans;
  • How to structure a proper generational tax strategy.


Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)


Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: