PFP Boot Camp: Estate and Charitable Planning

Date: November 14, 2016 Time: 1:30 pm - 4:15 pm EST CPE: 3 Format: Webcast
EVENT DESCRIPTION

This session addresses gift, estate, and generation skipping transfer taxes at both the state and federal levels. Charitable planning is also explored, with a review of various vehicles and trusts which have been created: lead trusts, remainder trusts, pooled income funds, private foundations and charitable gift annuities. Non-tax aspects of estate planning, including the estate planning process, wills, trusts, durable powers of attorney, powers of appointment, and probate procedure are also studied.

LEARNING OBJECTIVES
Upon completion of this webcast, participants will be able to:
Describe the unification of the estate tax and gift tax systems
Identify the applicable credit for estate tax, and gift tax purposes
Explain the requirements for use of the annual exclusion for gift tax purposes
Describe the purpose of the Crummey Power and how it can qualify a gift for the gift tax annual exclusion
Explain the uses of life insurance in charitable giving and in replacing wealth for family members
Explain the purpose and use of the annual gift tax exclusion
Distinguish between present and future interest gifts, with specific reference to gift, estate, and generation skipping transfer tax consequences
Identify the purposes, uses, and planning implications of Section 2503(b) & (c) trusts, and how the annual exclusion is applied to these structures
Compare the income tax rules of cash gifts and tangible personal property
Evaluate the financial planning uses of charitable gifts of remainder interests in personal residences and farms, and conservation easements
MAJOR TOPICS
Gift, estate, and generation skipping transfer taxes
Charitable planning
Estate planning process
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Personal Financial Planning
CPE FIELD OF STUDY
Taxes (3 Credits)
INSTRUCTOR(S)
Thomas Tilery
PREREQUISITES
Basic knowledge of the areas of estate planning.
COURSE LEVEL
Intermediate
LOCATION
Online Webcast
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