Basic Estate and Gifting Strategies

Overview

This CPE course can be purchased individually or as part of the Estate Planning Certificate Program.

Estate planning is the cornerstone of any personal financial plan. An estate plan that is not coordinated with the overall personal financial plan may inadvertently derail other planning objectives.

Updated for the Tax Cuts and Jobs Act (TCJA) of 2017, this course covers the correct application of estate planning strategies that can greatly enhance the client's personal financial plan.

Estate planning strategies addressed in this CPE course cover a wide range of personal financial planning goals, including:

• Charitable giving
• Managing blended marriage situations
• Multigenerational transfers
• Wealth replacement.

Part of most estate planning considerations, gifting strategies will also be discussed in this course.

Enhanced On-Demand Format

This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.

Highlights

Key Topics

• Estate planning documents
• Trusts
• Goals that trusts can achieve
• The parties to a trust
• Grantor
• Trustee
• Beneficiary
• Types of Trusts
• Estate planning strategies
• Gifting strategies
• Marital trust
• Credit shelter trust
• Qualified disclaimer
• Portability
• Future interest
• Present interest
• Tax basis

Prerequisites

Basic knowledge of the areas of personal financial planning (PFP)

Objectives

Learning Outcomes

• 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.