Estate Planning

Catalog description

Various aspects of estate and gift tax planning-including the nature, valuation, transfer, administration, and taxation of property are discussed. Particular emphasis is given to a ba- sic understanding of the unified estate and gift tax system. This course covers gratuitous transfers of property outright or with trusts, wills, and powers of appointment. It also covers federal estate and gift taxation, the marital deduction, and various estate planning devices used in the estate planning process. In addition, the client interview, fact-finding, ethical standards, and the development of appropriate personal estate plans are discussed.