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MFEP
MASTERING THE FUNDAMENTALS OF ESTATE AND GIFT TAX PLANNING
The estate and gift tax have been greatly relaxed but come back with a vengeance in 2013, requiring planning for many clients who have not believed they required estate planning services. This course examines the fundamentals of estate planning including critical concepts in marital deduction planning, credit shelter trusts, selection and powers of trustees, and titling and funding issues. The comprehensive manual provides an in-depth analysis of will provisions, checklists, flow charts, and real-life examples.
Major Topics:
- Up-to-the minute analysis of legislative changes, and planning in light of the changes
- Complete Code section analysis of the federal estate and gift tax
- Marital deduction planning -- Second spouse, QTIP trusts, QDOT trusts, power of appointment trusts, and more
- Credit shelter trusts and the applicable credit amount
- Uses and techniques of life insurance
- Tools and techniques in gifting to minors, spouses, and other family members, including uniform transfers (or gifts) to minors accounts, education trusts, ยงยง2503(b) and (c) trusts, and more
- Reducing taxes by charitable giving, special credits, and estate freezing techniques
- Use of irrevocable and revocable trusts and other will substitutes
- Impact of increase, and future decrease, in applicable exclusion amount
- A timeline of changes in the law -- how and when they affect clients and the estate
Learning Objectives:
- Identify what property is included in a decedents gross estate
- Understand the use of trusts in an individuals gross estate
- Calculate gift tax and estate tax liabilities
- Be aware of various tools and techniques of transferring property with the least tax liability
Designed For: CPAs who advise clients on establishing an estate plan.
Level of Knowledge: Basic
Prerequisite: None
Advanced Preparation: None
CFP: No
Yellow Book: No
New: No
Field of Study: Taxes
Live Seminar Schedule
Self-Study Pricing and Credit Information
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