Why Estate Planning Is Still Alive for Those Not Subject to the Estate Tax

Author: Klaralee R. Charlton

With the gift and estate tax exemption at historic highs, many clients question whether complex estate planning is still necessary. However, estate tax is just one of many factors to consider when crafting a comprehensive plan.

This course explores critical non-tax estate planning concerns, including blended families, special needs beneficiaries, and asset protection from creditors or ex-spouses. Participants will also examine basis adjustment opportunities, which can yield significant tax savings.

By the end of this course, practitioners will have a thorough understanding of modern estate planning strategies that go beyond tax considerations, ensuring clients’ assets are protected against future uncertainty.

Publication Date: December 2025

Designed For
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

• What Happens if I Die Without a Will?
• Guardianships & Conservatorships vs. Medical & Financial Powers of Attorney
• Why Wealthy Clients Need Sophisticated Estate Planning
• Estate Planning for Protection in Second Marriages
• Planning for Minor, Irresponsible, or Disabled Beneficiaries
• Creditor Protection During Life, At Death, and for Beneficiaries
• Transfers During Life and Capturing Basis Adjustment Opportunities
• Free Estate Planning Ideas

Learning Objectives

• Describe the importance of estate planning for clients without taxable estates
• Identify the difference between default inheritance laws and estate planning provisions
• Identify situations when default inheritance laws are detrimental to a client
• Recognize how to analyze the tax savings that can be achieved by adjusting the tax basis at death
• Identify how to recommend estate planning techniques to protect clients and beneficiaries

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None