Estate & Gift Taxation

Course Number: 

This course provides an introduction to federal taxation of wealth transfers, including the Federal Gift Tax and the Federal Estate Tax. Students will develop the background necessary to advise clients on sophisticated estate planning techniques in a trusts and estates or tax practice. The course covers topics such as what constitutes a taxable gift, when the gift is complete and taxable, the annual exclusion from gift tax, the gross estate subject to estate tax, the taxability of certain property in the estate (joint interests, retained interests, annuities and death benefits, powers of appointment, and life insurance), and credits and deductions (including marital deduction and charitable deduction planning). In some versions of the course, students may be introduced to the generation-skipping transfer tax, advanced charitable or marital planning issues, and/or income taxation of trusts and estates. Prerequisites: none, although Decedents’ Estates and Trusts and Federal Income Tax are useful background.

2 or 3

Page last updated: Tue, 06/26/2012 - 08:39