Estate Tools and Trusts 2022

Overview

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, cost-effective solutions. The text reviews and explains both federal gift and estate tax systems giving practice pointers and planning observations.

Highlights

• Build, preserve & distribute • Legal documents • Estate planning team • Estate administration • Estate planning techniques and devices • Trusts

Objectives

• Identify the key participants and their roles in a coordinated estate plan and recognize the probate process including trust administration • Determine specialized estate planning tools recognizing 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 identifying how these terms and rules impact estate and trust taxation