The first part of this session will give a demographic review and to find out the most common financial planning needs for your clients, how to mine the 1040 to determine needs and opportunities, and what you don’t know about the client that you should. Discussion will also cover evaluating Schedule D to determine opportunities, collaborating with other professionals for the benefit of the client, and the top financial planning ideas that you can take back to your practice.
This session will conclude with the first part of Estate Planning Considerations Under the Wisconsin Domestic Partnership Law & Planning for "Unmarried" Couples.
Estate Planning Considerations Under the Wisconsin Domestic Partnership Law & Planning for "Unmarried" Couples
In 2013, the United States Supreme Court struck down Section 3 of the Defense of Marriage Act in the Windsor case, and the Treasury Department issued Notice IR-2013-72. Earlier this year, a federal district court ruled that Wisconsin's ban on same-sex marriage was unconstitutional. All of these actions impact estate tax and income tax planning for Wisconsin same-sex clients.
This session will discuss the current status of this evolving law at the state level and continuing issues in nonrecognition states. Discussion will also cover the operation of Wisconsin domestic partnerships, and estate planning documents and techniques for "unmarried" same-sex couples.