Estate Planning for the Marital Deduction
Course Number: ABA
Course Code: ABA
Explains factors that affect planning for the marital deduction trust and the tax impact of the marital deduction and transfer tax credits. Describes advantages of a pecuniary bequest, factors to consider for a nonformula pecuniary bequest, and the benefit of the formula pecuniary clause. Discusses advantages and disadvantages of pecuniary credit shelter bequests and nonformula fractional share bequest.
Updated: January 2019
Re-versioned: June 2016
What You’ll Learn
After completing this course, students will be able to:
-Recognize the importance of planning for the marital deduction
-Explain the various marital formulas and how they can be used in estate planning
Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.