Course Number: GI1
Course Code: ABA 362
Illustrates how to compute the gift tax, identifies who is liable to pay gift tax, and the impact of gift taxation on powers of appointment. Explores the benefits of a lifetime gift program and disadvantages of lifetime gifts. Demonstrates shifting income with gifting, and options for adults to retain control of property transferred to a minor. Emphasizes the importance of the marital deduction in estate planning.
After completing this course, students will be able to:
– Describe the basics of gift taxation
– Explain the exclusions and gifting options
– Describe the rules and advantages of the marital deduction
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