Advanced Estate and Gifting Strategies

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2.5 Credits

Advanced estate planning strategies employ the use of family entities, including family limited partnerships, family limited liability corporations, and family offices. To facilitate intergenerational transfers of wealth, interests in these entities are generally gifted or sold, often using trusts. To be effective in advanced estate planning, you must have an awareness and knowledge of these strategies, as well as the accompanying law and regulations.

In this CPE course, you will learn about these advanced estate planning strategies and the various types of generational skipping transfers so that you can provide reasoned recommendations to your clients. 

Individuals who have substantial assets will often seek to transfer assets in trust to their grandchildren to avoid estate tax imposed on the transfer of assets to their children’s estates. The generation-skipping transfer (GST) tax seeks to prevent this strategy, and to ensure that the transfer of wealth was effectively taxed in each generation. The generation-skipping transfer tax is a significant consideration in any personal financial plan for a high net worth client. It is the only tax that is paid in addition to the estate and gift tax. The potential tax liability for a direct skip transfer could be as high as 80 percent (in 2017).


  • Recall the benefits of family entities.
  • Identify the party that receives asset protection through a family limited partnership.
  • Identify the basis for a remainder beneficiary of a GRAT.
  • Recall the technique used by a senior generation of a family to gift property to a younger generation.
  • Recognize the effect a term of years has on the valuation of a taxable gift to a QPRT.
  • Distinguish among the various types of generation skipping taxable transfers.
  • Calculate the inclusion ratio for a generation-skipping transfer.

Major Topics

  • Advanced estate planning strategies
  • Generation-skipping transfer tax

Designed For

CPAs and financial planners with basic knowledge of personal financial planning, and an interest in estate planning.

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