Visual Estate Planning

Course Description:

Throw away the tax Code and regulations and make sense of estate planning. Learn how to structure an effective estate plan using a highly visual, real-life situation approach. Diagrams, charts, tables, and calculation sheets are used to present key elements of any successful estate plan - from the simplest to the most complex.

Learning Objectives:

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

• Identify the elements of estate planning and the imporatance of well-drafted legal documents and cite the key team paricipatns and their roles in estate planning process.
• Identify potential death taxes differentiating federal estate tax as it applies to various size estate, determine principal taxes that impact how individuals are taxed at death, and specify the expiration of the death tax credit
• Identify ways to make transfers outside the probate system including the use of a trust
• Recognize how specialized trusts, valuations, and entities can reduce estate taxes, city the advantages of the annual gift tax exclusion noting how it can provide a tax deduction or offer income, estate and gift tax savings
• Recognize a grantor retained income trust as an estate-planning device specifying the variations of this trust and their benefits to the grantor and beneficiaries