Description
Learn the correct application of estate planning and gift strategies that can greatly enhance the client's personal financial plan.
Learning Objectives
Distinguish between a marital trust and a credit shelter trust.
Identify a qualified disclaimer.
Recognize the applicability of portability as a basic estate planning strategy.
Distinguish between gifts of future and present interests.
Identify the tax basis of a gift, based on facts and circumstances.
Calculate the donee's tax basis for a gift, in which gift tax has been paid by the donor.