Estate Planning (Mini)

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: Federal Tax Law
  • Author/Speaker: Danny Santucci, CPA
Course ID: Advanced Preparation: Experience Level:
EWTFM-T-01773-21-S | 6233-CE-0493 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© February 2021 General Understanding of Federal Income Tax Self-Study eBook
COURSE DESCRIPTION

Estate planning is when tomorrow becomes today! As a result of recent legislation, estate planning has been made surprisingly simple. This mini-course surveys wills, living trusts, gifts, insurance, marital property, and probate avoidance. The will and trust forms are explored along with living wills, durable powers of attorney, and nominations of conservators.

Topics include:
  • Estate planning team & administration
  • Unlimited marital deduction & applicable exclusion amount
  • Primary dispositive plans
  • Trusts
  • The annual gift tax exclusion
  • Annuities & installment sales to family members
  • Charitable remainder trusts
  • Family limited partnerships
  • Buy-sell agreements
  • Family documents

Learning Objectives:

After reading the course material, you will be able to:

  • Recognize members of the estate planning team including their role in the estate administration process, specify the unlimited marital deduction requirements, cite the applicable exclusion amount and identify the effects of stepped-up basis particularly, the repealed of modified carryover basis.
  • Determine the limits of a simple will and the advantages and disadvantages of living trusts.
  • Identify specialized estate planning tools and how they permit clients to pass more wealth and save death taxes, cite the uses of a durable power of attorney, and specify instances when a conservatorship is appropriate.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
IRS
CTEC