Estate Tools and Trusts

Course Description:

  Everyone needs to do estate planning. It is more than just planning for death. Estate planning is designing a program for effective wealth building, preservation, and disposition of property at the minimum possible tax cost. This exceptional mini-course surveys wills, living trusts, gifts, marital property, and probate avoidance. Designed to eliminate estate problems and death taxes, the emphasis is on practical solutions that are cost-effective. The text reviews and explains both federal gift and estate tax systems giving practice pointers and planning observations.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Identify the key participants and their roles in a coordinated estate plan and recognize probate process including trust administration
•  Determine specialized estate planning tools noting the use of trusts and identify how such tools save death taxes and transfer wealth while accentuating asset control
• Specify recommended trust provisions and requirements noting how these terms and rules impact estate and trust taxation