- NY Credits : 5.0
- TX Credits : 5.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 5.0
With the retirement of the generation of baby boomers, estate planning is in demand more than ever. This course will enable you to identify the probate estate and the role of the probate court. You will learn the structure of a will and the requirements for creating and changing wills. The purpose and characteristics of trusts will be discussed. The course also explains the use of lifetime gifts, charitable transfers, and the marital deduction. You will learn the use of the unified credit as well as the use of generation-skipping trusts. This course has been updated for the impacts of the Tax Cuts and Jobs Act. This course is most appropriate for the professional with detailed knowledge in estates and trusts who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both.
Upon successful completion of this course, the user should be able to:
determine the benefits of estate planning,
identify the fundamentals of federal estate taxation,
recognize the role of the probate court,
identify the structure of a will,
determine the use of trusts in estate planning, and
identify the use of the unified credit and the marital deduction.