Estate Planning Essentials: Providing Tax Relief for Your Clients’ Estates

This course clarifies the latest tax laws and describes some basic planning options that help minimize taxes during income accumulation, distribution, or the transfer of wealth to intended beneficiaries.

Topics Discussed:

• Basic Concepts of Estate Planning
• Calculation of Federal Estate Tax
• Asset Valuation and Title Ownership
• Introduction to Wills, Intestacy and Probate, and the Impact on Estate Planning
• Post-Mortem Planning Techniques to Minimize Taxation
• Review of Forms 706 and 709, and Their Preparation and Filing Requirements

Learning Objectives:
At the conclusion of this course, you will:

• Be able to describe the basic concepts of estate planning
• Be able to perform the calculation of federal estate tax
• Be able to understand the importance and calculations relating to asset valuation and the determination of title ownership as it relates to estate planning
• Be able to explain basic concepts relating to wills, intestacy and probate, and identify how these components impact an individual estate planning strategies
• Be able to identify postmortem planning techniques to minimize tax liability
• Be able to understand concepts relating to the completion of Forms 706 and 709, including not only the preparation of the actual form, but ,also the filing requirements

Prerequisite: None

Advanced Preparation: None