Description
Covers taxation and income tax planning, and the interrelationship between income tax and estate tax.
Objectives
- Identify the court-appointed substitute decision maker for an incompetent adult.
- Recall the most critical feature of a special needs trust.
- Identify the person appointed to manage Social Security payments on behalf of an individual.
- Recall the features of a qualified terminable interest property trust.
- Recall the due date for Form 706, "United States Estate (and Generation-Skipping Transfer) Tax Return."
- Identify the latest date by which a disclaimer must be made.
- Recognize the implications of a nonresident, noncitizen spouse of a U.S. citizen.
- Recall the personal financial planning constraints when working with cohabitating partners.
Highlights
- Incapacity planning
- Guardianship
- Conservatorship
- Postmortem estate planning
- Powers of attorney
- Advanced medical directives
- Trusts
- Other estate planning considerations