Estate Tax Planning examines the various aspects of planning for the estate tax liability. The course begins with a discussion of the genesis of estate taxation in English common law and continues with an examination of the estate and its administration. The subjects included in the course include the following:
Explain the differences between an estate for tax purposes and a probate estate;
Identify those assets that comprise the federal gross estate;
Understand the duties of an executor; Understand the difference between inheritance taxes and estate taxes and the typical beneficiary classifications for state inheritance tax purposes;
Explain how gifts are taxed under the federal gift tax system; Identify the deductions and credits allowed under the federal system of estate taxation;
Discuss the common trusts employed in estate tax planning; Perform an estate tax calculation, and
Identify the methods of estate tax payment and their cost consequences.
Paul J. Winn, CLU, ChFC has over thirty years experience in the life insurance and investment industry. As well as fifteen years as a financial writer, editor, and trainer. Paul has worked for Mutual Life Insurance Company of New York, Security Mutual Life Insurance Company, Principal Financial Group, and the Maryland Financial Corporation. Paul is a Published book author, writer & editor of major mutual life insurance company’s agent-training “university”, and the creator of more than 100 training courses in computer-based training, print and scripted classroom formats.
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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