Allegany College of Maryland – Estate Planning – Beyond the Basics
Description
The field of estate planning is increasingly complex. Finding appropriate solutions to a client’s estate issues can involve many facets of corporate, estate, trust, and securities law. This course provides the practitioner with a look at some of the more advanced tools and techniques available to his/her existing estate planning practice.
Learning Objectives
Identify advanced tools and techniques applied in the estate planning process
Major Topics
The changing environment of estate planning
The changing Internal Revenue Code
Requirements for, and tax implications of, a charitable deduction
Requirements for, and tax implications of, a charitable deduction
How gifts of closely held stock can be used to generate a charitable contribution deduction
When to use a charitable split-interest trust and its requirements
All about generation-skipping transfers and their tax implications
How to compute generation-skipping transfer tax
When to use life insurance as an estate planning tool
Advantages of a life insurance trust and planning techniques with its use
Various types of life insurance and features of a policy
Tax implications of a private annuity
How life insurance can be used with a private annuity
Where the split-interest purchase of property is a valuable planning tool
