Basic Estate Planning


Basic Estate Planning

Recorded On 09/27/2023


Learn the fundamentals of the Federal and New York State Estate Tax system, and the creation of Estate Planning documents. Gain an introduction to essential Estate Tax Planning through the use of a Credit Shelter Trust, Irrevocable Life Insurance Trust (ILIT), Qualified Personal Residence Trust (QPRT), Qualified Terminable Interest Property Trust (QTIP), Spousal Lifetime Access Trust (SLAT), Intentionally Defective Grantor Trust, (IDGT), Grantor Retained Annuity Trust (GRAT), Qualified Domestic Trust (QDOT), Charitable Remainder Annuity Trust (CRAT) and a Charitable Remainder Unitrust (CRUT), as well as an understanding of how one or more of these trusts can be utilized in an Estate Tax Plan.


Estate tax planning techniques, time frames and tax compliance deadlines will be discussed, along with practical considerations in developing an estate plan. Common pitfalls, such as reasons to avoid excessive use of Transfer on Death (TOD) accounts in an Estate Plan will also be discussed. Other topics include how to avoid pitfalls in your practice, and key provisions to include in Estate Plans.


Finally, what you need to know about Wills, Powers of Attorney, Advanced Health Care Directives, Living Wills, and Revocable Living Trusts will also be considered.




Stephanie M. Keating, Esq., CPA, Schwartz, Fang & Keating, P.C.



2 NY Credits: 2 Skills; Non-transitional; 2 NJ Credits: 2 General



All Programs include 1 Affirmation and 1 Evaluation Form, and Course Materials.

To receive CLE credit for a program in Online Video Format:

Online Videos contain CLE codes that you must type into a supplied online affirmation form. Submit the online affirmation to the NYCLA CLE Institute to be issued a CLE certificate. We recommend that you watch the video as soon as possible.

We can only issue CLE credit if the law is still current.

Course Materials: You can download course materials on the Online Video webpage.


Upcoming CLE Courses