Description

What is the estate tax? What is the gift tax? How are they interrelated? Explore the use of wills, trusts and life insurance as vehicles to reduce the estate tax. Whether your client is accumulating wealth or planning for its distribution upon death, advise them on the most tax-efficient way to structure their affairs to minimize taxation on the transfer of their wealth to intended beneficiaries.  Approved for 4 hours Kansas CLE.

Highlights

• The unified tax nature of the estate and gift tax rates
• Basic valuation concepts for calculating the value of estates and gifts
• Deductions and credits allowable in calculating estate and gift taxes
• Basic planning techniques to minimize transfer taxes – introduction to wills and trusts

Objectives

Upon completion of this course, participants will be able to:
• Understand the structure of the estate and gift tax
• Minimize transfer taxes by incorporating exemptions and credits
• Advise clients on filing requirements for Forms 706 and 709