Self Study: Estate Planning Essentials

Overview

This course is available until April 30, 2025.

“Just the facts ma’am; just the estate planning facts.” Designed to give a quick overview of estate planning essentials, this course surveys wills, living trusts, gifts, marital property and probate avoidance with an Internet flair. Will and trust types are examined in the context of general estate and gift taxation. Designed to eliminate estate problems and death taxes, the emphasis is on practical solutions that are cost effective. Talk about having it all in an overview course - there is even a quick review of immediate postmortem death tax planning and filling out the Form 706.

Highlights

• Estate Planning
• Estate & Gift Taxes
• Wills & Probate
• Trusts
• Post-Mortem Planning & Tax Return Requirements
• Estate Planning & The Internet

Designed For

This program is appropriate for professionals at all organizational levels.

Objectives

• Identify basic estate planning elements noting the importance of well-drafted legal documents and specify the key team participants including their roles in estate planning process.
• Identify potential death taxes including federal estate tax as it applies to various size estates, specify the principal taxes that impact death taxation and determine the expiration of the death tax credit.
• Specify types of wills noting functions a will can perform, identify types of bequests, determine the duties of executors and guardians and recall ways to hold title and their tax ramifications.
• Identify the relationship of parties in a trust, reasons to establish a trust and types of trusts noting their estate planning function.
• Determine post-mortem estate planning action in the face of funeral and administrative expenses using elections and disclaimers.
• Identify how the Internet is changing the tax profession, recognize the evolution of the Internet noting its main contributors and influential organizations and determine the distinction between the Internet and the World Wide Web.

Notice

Downloadable PDF