Description
Register now to learn the correct application of estate planning and gift strategies that can greatly enhance the client's personal financial plan.
Objectives
- Distinguish between a marital trust and a credit shelter trust.
- Identify a qualified disclaimer.
- Recognize the applicability of portability as a basic estate planning strategy. Distinguish between gifts of future and present interests.
- Identify the tax basis of a gift, based on facts and circumstances.
- Calculate the donee's tax basis for a gift, in which gift tax has been paid by the donor.
Highlights
- Estate planning documents
- Trusts
- Goals that trusts can achieve
- The parties to a trust
- Grantor
- Trustee
- Beneficiary
- Types of Trusts
- Estate planning strategies
- Gifting strategies
- Marital trust
- Credit shelter trust
- Qualified disclaimer
- Portability
- Future interest
- Present interest
- Tax basis