Estate, Gift, Trust, and Generation-Skipping Transfer Taxes

Overview

With an increasingly steady stream of people nearing retirement, estate, gift, trust, and certain transfer taxes have become hot topics for individual taxpayers and their tax advisors. This course will provide you with the understanding and tools needed to plan for tax-minimization on transfers of wealth. Issues have been chosen based on their relevance to the 2020 tax year and beyond.

Learning Objectives

Upon completion of this course, students will be able to:

  • recognize rules related to estate, gift, trust, and generation-skipping taxes and the purpose of these wealth-transfer taxes
  • identify vehicles for estate planning
  • recognize what is included in the gross estate of a decedent and calculate the gross estate value
  • recognize the various deductions and credits available when calculating the gross estate of a decedent
  • identify the purpose of generation-skipping transfers and the generation-skipping transfer tax according to the IRC

Tax Year: 2020

Designed For

CPAs, CFPs, and other financial advisors

Prerequisites

Intermediate; general familiarity with wealth-transfer taxes
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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