Date: October 14 th, 2024

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

In response to President Biden’s introduction of the “Green Book,” which outlines the Administration’s Fiscal Year 2025 Revenue Proposals, this course explores the potential tax changes aimed at the wealthiest Americans. Given the current political climate, practitioners must be prepared for possible shifts in wealth transfer strategies. We will examine the implications of these proposed tax changes and emphasize the importance of proactive wealth preservation planning amid ongoing legislative uncertainty.

Learning Objectives

• Identify the key elements of President Biden’s Fiscal Year 2025 Revenue Proposals.
• Assess the potential effects of the proposed tax changes on estate planning strategies.
• Understand the critical need for proactive wealth transfer planning in light of possible legislative alterations.
• Recognize common estate planning techniques that may be affected by the proposed budget changes.

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Patrick McCormick

Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Fort Lee, New Jersey, and New York City, New York, with Shenkman Law. His practice focuses on estate and tax planning as well as planning for closely-held businesses and estate administration. Throughout his career, Mr. Shenkman received awards and acknowledgments from the New Jersey Bar Association, Worth Magazine, CPA Magazine, the American Cancer Society, and the AICPA. Mr. Shenkman holds a Bachelor of Science from the Wharton School at the University of Pennsylvania, an MBA from the University of Michigan, a law degree from Fordham University School of Law. He is admitted to the bar in New York, New Jersey, and Washington D.C.