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Understanding Portability: Tax-Efficient Wealth Transfer Strategies

UNDERSTANDING PORTABILITY: TAX-EFFICIENT WEALTH TRANSFER STRATEGIES

Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 22, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Portability allows a surviving spouse to retain the deceased spouse’s unused estate and gift tax exemption. Given this year’s great political uncertainty, the portability election may be more important than ever before. Advisors must refresh their understanding of portability in order to help clients who may have an estate tax obligation unexpectedly thrust upon them.

During his webinar, Bob will cover the following topics:
• Portability basics
• The mathematics of portability
• Estate tax consequences of electing portability
• Income tax consequences of electing portability
• Rev. Proc. 2022-32 – late election relief
• 9100 relief for late portability elections
• Portability for IRAs

Learning Objectives:


  • Recall the basics and mathematics of portability

  • Identify the estate tax and income tax consequences of electing portability

  • Describe how 9100 relief may be used in situations of a missed tax election

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Robert S. Keebler, CPA/PFS, 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 Forbes as 
one of the 2024 America’s Top 200 CPAs, 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 350 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.  Mr. Keebler has been 
a speaker at national estate planning and tax seminars for over 30 years including the AICPA’s: 
Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, 
NAPEC Conferences, The Notre Dame Estate Planning Conference, and the Heckerling Estate 
Planning Institute. He also served as chair of the AICPA’s Advanced Estate Planning 
Conference from 2014-2020. Mr. Keebler received an award from CPAacademy for Top 
Presenter 2022.  This award honors those who are committed to the education of accounting 
professionals and shares their knowledge in an open and easily accessible format. He also 
received an award for Top Tax Educator of the Year for 2021-22 from myCPE for outstanding 
contributions in the field of tax education and exceptional dedication to the field. 

 

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About Our Presenter

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At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.