Revisiting the Tax Planning Screen – All Options Explained

Friday, April 26, 2019, 12pm ET/9am PT

Presenter: Teresa L. Bush, Esq.

Duration: 1hr

Cost: Complimentary for InterActive LegalSuite Subscribers



With the current high Federal estate tax exemption, many estate plans have no need for estate tax planning.  For that reason, many InterActive Legal subscribers have been able to ignore the interview screen titled “Tax Planning” when drafting Wills and Revocable Trusts.  If it’s been a while since you visited that screen, this subscriber drafting webinar will provide a refresher of the available options and how they work.

Most estate tax planning options – including flexible “wait and see” planning – appear on the Tax Planning screen.  On this screen drafting attorneys can choose credit-shelter (“bypass”) trust planning (either via formula or disclaimer) and can choose to fund a formula credit-shelter trust with either the Federal or State estate tax exemption (where applicable).  Wealth Transfer Planning users can also choose generation-skipping transfer tax planning, as well as additional planning options in decoupled states.  Finally, there are some additional tax options on the Tax Planning screen that may be useful for certain clients or situations.

In this webinar, we will look at the Tax Planning screen in greater detail, and examine how the questions asked there relate to provisions in the final document. Specialized tax planning choices that appear on other interview screens will also be covered, such as the “Clayton” QTIP option.

During the first 40 minutes of the webinar, we will focus on options that are available in all practice systems.  In the last segment, we will examine the additional planning options that are available only in Wealth Transfer Planning.


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