Basic Estate and Gifting Strategies

Printer Friendly
Text Size: A A A A
Back New Search


1.5 Credits

Estate planning strategies addressed in this course cover a wide range of personal financial planning goals: charitable giving, managing blended marriage situations, multigenerational transfers, and wealth replacement. In this course, you will learn the correct application of estate planning strategies that can greatly enhance the client's personal financial plan.

Part of most estate planning considerations, gifting strategies will also be discussed in this course. As the personal financial planner, you should have a firm understanding of the difference between gifts of present and future interests, tax basis reporting, and the rules of installment sales, as well as an awareness of concepts such as self-canceling installment notes and private annuities. Additionally, any gift strategy planning must consider the potential for taxation on any transfer of assets between family members.

The intra-family transfer of property is an important tool in personal financial planning. Income may be shifted and the effects of gains from taxable transactions can be mitigated. Additionally, the personal financial planner must be vigilant in preventing a transfer from being considered a gift and subject to gift taxation.


  • Distinguish between a marital trust and a credit shelter trust.
  • Identify a qualified disclaimer.
  • Recognize the applicability of portability as a basic estate planning strategy.
  • Distinguish between gifts of future and present interests.
  • Identify the tax basis of a gift, based on facts and circumstances.
  • Calculate the donee's tax basis for a gift, in which gift tax has been paid by the donor.

Major Topics

  • Estate planning strategies
  • Gifting strategies

Designed For

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

Add to Cart