Advisors4Advisors

This 1.5-credit course provides an in-depth analysis of the potential tax law changes following the 2024 election and their impact on financial planning strategies. The 90-minute session covers key issues such as the Byrd Rule's effect on the Tax Cuts and Jobs Act, the likelihood of legislative modifications before provisions sunset in 2026, and how political dynamics influence tax policy decisions. 

Participants will gain insights into strategic tax planning, including considerations for estate and gift taxes, charitable contributions, grantor trusts, and asset protection strategies. 

The course emphasizes risk assessment for clients, highlighting prudent approaches to managing uncertainty in light of evolving tax laws. 

Through detailed discussions on various planning techniques, professionals will be better equipped to advise clients on actions to take—or avoid—as they prepare for future legislative changes.

Learning Objectives

1. The Byrd Rule Shapes Tax Policy. The Byrd Rule limits tax changes to 10 years, impacting legislative planning and potential rollbacks. 
2. Tax Cuts and Jobs Act Changes Loom. Without Congressional action, many 2017 tax cuts expire in 2026, affecting income, estate, and corporate taxes.
3. Politics Influence Tax Reform. Shifts in party control and leadership will determine how tax laws evolve post-election.
4. Estate and Gift Tax May Change. Potential rollbacks or repeals could reshape wealth transfer strategies and tax planning for high-net-worth individuals.
5. Charitable Deductions Under Review. Limits on charitable deductions may return, affecting tax benefits for donors and nonprofit funding.
6. Business Taxation Faces Adjustments.     Proposals to lower corporate taxes for U.S. manufacturers could alter financial strategies for businesses.
7. Asset Protection Trusts Have Risks. Domestic asset protection trusts offer benefits but remain uncertain due to varying state recognition. .
8. Slats Require Careful Planning.     Spousal Lifetime Access Trusts (SLATs) are popular but risky, especially for mid-wealth clients.
9. GRATs vs. Installment Sales. Grantor Retained Annuity Trusts (GRATs) and installment sales offer tax benefits but come with distinct risks.
10. Tax Policy Drives Financial Decisions. Understanding legislative changes is crucial for advisors helping clients navigate tax-efficient planning.

A native of Louisiana, L. Paul Hood, Jr., obtained his undergraduate and law degrees from Louisiana State University and an LL.M. in taxation from Georgetown University Law Center before settling down to practice tax and estate planning law in the New Orleans area. Paul has taught at the University of New Orleans, Northeastern University, The University of Toledo College of Law and Ohio Northern University Pettit College of Law. The proud father of two Eagle Scouts and LSU Tigers, Paul has authored or co-authored seven books and over 500 professional articles on estate, charitable and tax planning and business valuation. He was with The University of Toledo Foundation for over four years as Director of Planned Giving, leaving in January 2018. Today, Paul is an author, speaker and consultant on tax, estate and charitable planning. He also is a Vice-President with Thompson & Associates, a charitable estate planning firm.

Who Should Attend:
IA Reps, CFPs, EAs, CFAs, CPA financial planners, CPA/PFSs, CIMAs, CLUs, ChFCs, and other professionals who seek a deeper understanding of diversified portfolio strategies.

Cost:
Free to Advisors4Advisors members ($60/Qtr.)

CPE, CE  Credit:
90 minutes, 1.5 credits 
Field of Study: Taxation 
Prerequisites: None
Advanced Preparation: None
Course Level: Update
Course Delivery Method: On-demand

• Advisors4Advisors is approved as an education provider by:
  Certified Financial Planner Board of Standards, which regulates Certified Financial Planner professionals.
• North American Securities Administrators Association. NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are those of the instructor and do not necessarily reflect the views of NASAA or any of its member jurisdictions. The class is submitted for approval NASAA.
• National Association of State Boards of Accountancy (NASBA) as a Quality Assurance Service (QAS) Self-Study Provider, enabling CPA CPE credit live and on-demand webinars. State boards of accountancy retain final authority on course acceptance. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors at www.nasbaregistry.org. 
• Investments & Wealth Institute, enabling credit for CFP®, CIMA®, and CPWA® professionals. 

For information on administrative policies, such as refunds, cancellations and complaints, email [email protected].