When the markets swing, smart estate planning can make or break your client’s legacy. In this episode, Bob Keebler, CPA/PFS, joins Cary Sinnett to reveal the overlooked tax moves CPA financial planners need to know—from the strategic use of the Alternate Valuation Date (AVD) to avoiding costly missteps with the Kenan Doctrine.

Learn how the 645 election can shift tax treatment in your favor, why timing and valuation matter more than ever, and how to deliver sharp planning with empathy during emotional times. If you advise estates in a volatile market, these insights could reshape your postmortem playbook.

💡 Topics Covered:

• Alternate Valuation Date: when and how it reduces estate tax
• Kenan Doctrine: the hidden capital gain trap in bequests
• 645 Election: unlocking more favorable tax treatment for trusts
• Managing concentrated positions and planning for liquidity
• Balancing technical expertise with compassionate client communication

🔗 Resources & More:

• Guide: Vol. 1 - The Adviser’s Guide to Financial & Estate Planning – 15th Ed
• Webcast: Critical Income, Estate and Trust Planning for 2023 and Beyond
• Article: NumberCruncher for Financial Planners

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.

Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.