Description
Learn about advanced estate planning strategies and the various types of generational skipping transfers, so you can provide reasoned recommendations to your clients.
Objectives
- Recall the benefits of family entities.
- Identify the party that receives asset protection through a family limited partnership. Identify the basis for a remainder beneficiary of a GRAT.
- Recall the technique used by a senior generation of a family to gift property to a younger generation.
- Recognize the effect a term of years has on the valuation of a taxable gift to a QPRT.
- Distinguish among the various types of generation skipping taxable transfers. Calculate the inclusion ratio for a generation-skipping transfer.
Highlights
- Advanced estate planning strategies
- Generation-skipping transfer tax