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"FSP webinars have tremendous value for financial professionals. There is a wide array of interesting topics to choose from, and the ability to assemble a group of individuals lets you extend and amplify the value of the program. When supporting material is provided, such as articles, web sites, etc., attendees can continue the dialogue when the program ends."

Laurene B. Prevette, RHU, LUTCF
FSP Board of Directors, 2011-2012


Audio/Web Conference: The 3.8% Medicare Surtax and Its Impact
on Estates and Trusts

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The recommended number of CPE credit hours is: 1

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*** Exclusive Premier Members Only Event ***

Original Air Date Archives Level CE Credits*
Monday, 11/26/12
12:00 noon – 1:00 p.m. ET
N/A - Premier members can access this program in the member area. Intermediate PACE: N/A
CPE: N/A
CFP®: N/A
[Password provided in your registration email]
 

Program Overview

As most people know, Congress passed a historic healthcare bill which will affect virtually every American. What most people don't know, though, is that within this voluminous new law is a special provision adding a Medicare surtax to "net investment income" earned inside of estates and trusts. In a nutshell, starting in 2013 estates and trusts which make over $12,000 (approx.) will be subject to an additional 3.8% Medicare tax on the lesser of: (1) "net investment income" (e.g. interest, dividends, capital gains, royalties, passive income, etc.) or (2) the excess of "modified adjusted gross income" ("MAGI") over $12,000 (approx.).

During this session, the following topics will be discussed:

  • General income tax rules of estates and trusts
  • Basic rules behind the 3.8% Medicare surtax
  • Determining the timing and size of estate/trust distributions to avoid the 3.8% Medicare surtax
  • Determining the proper investments to hold inside of estates/trusts to minimize exposure to the 3.8% Medicare surtax
  • Using "stand-alone" trusts to hold IRAs

Featured Speaker:

Robert S. Keebler, CPA, MST, AEP (Distinguished) is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planners & Councils. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 150 favorable private letter rulings including several key rulings of "first impression". He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation.