When planning for the surviving spouse with your client’s attorney, it’s important to address issues while both spouses are alive to arrive at the best outcomes. In part three of this PFP Section podcast series, Paul Hood, JD, LLM, walks you through what may occur after the first spouse dies that should be built into the estate plan. He discusses the following issues to consider:

Cashflow
Backup fiduciaries
Managing incapacity
Blended families
Estate tax apportionment
Income tax basis possibilities

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Listen to part 1 and part 2 of this series.
Use the Guide to Financial & Estate Planning as a reference library to research issues related to financial and estate planning.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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Planning for the surviving spouse: Part 3 {PFP Section}

AICPA Personal Financial Planning (PFP)

Planning for the surviving spouse: Part 3 {PFP Section}