Estate planning is not a singular event. An ongoing, dynamic process, your client's estate plan should be reviewed and updated on a regular basis and as changes occur. As a personal financial planner, you should have a broad awareness of the foundational concepts of estate planning to be an effective advocate for your clients.
This CPE course addresses elements and deductions of the gross estate and the calculation of the federal estate tax. Additional topics include: income in respect of the decedent and its impact on the federal estate tax calculation; state estate and inheritance taxes; the rule for gift taxes paid within three years of death; and, the treatment of adjusted taxable gifts. Finally, this course also covers the key steps in the calculation of Form 706 United States Estate (and Generation-Skipping Transfer) Tax Return.
Delivery Method: Self Study
CPE Credit: Specialized knowledge
Program Level: Intermediate