Federal Estate and Gift Tax

3 units

This course analyzes the federal estate and gift taxation of inter vivos and testamentary transfers, introduces the basic income tax considerations related to the transfer taxes, and explores elementary estate planning. By the end of the course, students will be able to: Understand the policies of the Federal Estate and Gift Tax; Have a working knowledge of the Gift Tax; Have a working knowledge of the Estate Tax; Be able to define Taxable Estate, Gross Estate, Excludable Gifts and Taxable Gifts; and Understand the estate planning context driven by the imposition of the Federal Estate and Gift Taxes.