Cart empty

Fast, Easy and Affordable Continuing Education for Accountants!

Our Amazing Sales & Support: 888-479-4574

Estate Planning Essentials - 16 CPE Credit Hours

Email
Designed to give a quick overview of estate planning essentials, this course surveys wills, living trusts, gifts, marital property, and probate avoidance with an Internet flair. Will and trust types are examined in the context of general estate and gift taxation. Designed to eliminate estate problems and death taxes, the emphasis is on practical solutions that are cost effective. Talk about having it all in an overview course - there is even a quick review of immediate postmortem death tax planning and filling out the Form 706.
Rating: 3/5
$105.95
Download

Estate Planning Essentials - 16 CPE Online Accounting CPE

estate_planning_essentials_fe_na.pdf
Price: No additional charge

Instant Download!
Manufacturer: Santucci

"Just the facts ma'am; just the estate planning facts." Designed to give a quick overview of estate planning essentials, this course surveys wills, living trusts, gifts, marital property, and probate avoidance with an Internet flair. Will and trust types are examined in the context of general estate and gift taxation. Designed to eliminate estate problems and death taxes, the emphasis is on practical solutions that are cost effective. Talk about having it all in an overview course - there is even a quick review of immediate postmortem death tax planning and filling out the Form 706.



Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.



Course Level: Overview. This program is appropriate for professionals at all organizational levels.



Field of Study: Taxes



Prerequisite: General understanding of federal income taxation.



Advanced Preparation: None



Learning Assignments & Objectives

As a result of studying each assignment, you should be able to meet the objectives listed below each assignment.

ASSIGNMENT SUBJECT

Chapter 1 Estate Planning

At the start of Chapter 1, participants should identify the following topics for study:

* Build, preserve & distribute

* Legal documents

* Estate planning team

* Estate administration

* Transfers within probate

* Transfers outside probate

* Transfers using a trust

* Special planning tools

* Facts

Learning Objectives

After reading Chapter 1, participants will be able to:

1. List three basic elements of estate planning to show clients the wide spectrum of estate planning, recognize the importance of well-drafted legal documents and name the key team participants defining their roles in estate planning process.

2. Outline the probate process to guide clients through an average probate, identify ways to make transfers outside the probate system including the use of a trust, list sixteen estate tax techniques that save death taxes while retaining maximum control, and outline estate-planning facts into three categories to develop an information base for an estate plan.

After studying the materials in Chapter 1, answer the exam questions 1 to 6.

ASSIGNMENT SUBJECT

Chapter 2 Estate & Gift Taxes

At the start of Chapter 2, participants should identify the following topics for study:

* Taxable estate

* IRS valuation

* Estate tax return & payment

* Tax basis for estate assets

* Generation-skipping transfer tax

* Application of gift taxes and valuation

* Gift tax annual exclusion

* Gift tax marital and charitable deductions

* Gift tax advantages and disadvantages

* Shifting income & gain

Learning Objectives

After reading Chapter 2, participants will be able to:

1. List the eight potential death taxes differentiating federal estate tax as it applies to various size estates, identify two principal taxes that impact how individuals are taxed at death, and state the expiration of the state death tax credit.

2. Define taxable estate under §2501 and identify what assets are included in a gross estate using the four basic categories of property and transfers.

3. Name four estate deductions allowed under federal estate tax law and list their tax advantages and disadvantages.

4. State the value a decedent’s assets using permitted elections, recognize the use of the Form 706 to pay any estate tax due, define the tax basis of estate assets and show how common transactions affect property basis under §1014.

5. Recognize the advantages of gift planning including estate reduction noting the impact of the GST, list the steps to compute gift tax identifying the gift tax exclusion amount, and define the value of different types of gifts including split gifting for spouses.

6. Identify the various gift tax exclusions, state the treatment of below-market loans, list the gift tax marital deduction requirements, list the tax consequences of giving various assets naming five factors to consider when gifting, and identify the use of the Form 709 to compute and pay federal gift tax.

After studying the materials in Chapter 2, answer the exam questions 7 to 26.

ASSIGNMENT SUBJECT

Chapter 3 Wills & Probate

At the start of Chapter 3, participants should identify the following topics for study:

* Provisions of wills

* Requirements of wills

* Executors and guardians

* Types of wills

* Title implications

* Changes to a will

* Advantages of a will

* Simple will

* Probate pros and cons

* Probate avoidance

Learning Objectives

After reading Chapter 3, participants will be able to:

1. Define four types of wills listing at least five functions a will can perform, identify at least four types of bequests, compare the duties of executors and guardians, and name four ways to hold title describing their tax ramifications.

2. List several advantages of a properly drafted will, outline the distribution flow of simple wills, and state the pros and cons of probate proceedings.

After studying the materials in Chapter 3, answer the exam questions 27 to 32.

ASSIGNMENT SUBJECT

Chapter 4 Trusts

At the start of Chapter 4, participants should identify the following topics for study:

* Purpose of trusts

* Common elements of trusts

* Types of trusts

* Living trusts

* Income tax & trusts

* Gift tax & trusts

* Estate tax & trusts

* Identification, recital & property transfer clauses

* Income and principal & revocation and amendment clauses

* Trustee & trust termination clauses

Learning Objectives

After reading Chapter 4, participants will be able to:

1. Recognize the four party relationship of a trust, name at least eight reasons to establish a trust, and list eight types of trusts stating their estate planning function.

2. List seven recommended living trust provisions identify the application of gift and income tax including the use of a grantor trust and an unlimited marital deduction, and define “A-B” and “A-B-C” trust formats.

After studying the materials in Chapter 4, answer the exam questions 33 to 42.

ASSIGNMENT SUBJECT

Chapter 5 Post-Mortem Planning & Tax Return Requirements

At the start of Chapter 5, participants should identify the following topics for study:

* After death planning

* Federal returns

* Decedent’s estate tax

* Preparation of the Form 706

* Estate income tax return

* Filing requirements of decedent’s final income tax return

* Included income

* Exemptions & deductions

* Filing the gift tax return

* Special applications & traps of the gift tax return

Learning Objectives

After reading Chapter 5, participants will be able to:

1. Recognize post-mortem estate planning in the face of funeral and administrative expenses by using elections and disclaimers.

2. Identify the due dates of three federal forms, list the filing requirements of the decedent’s estate tax form, and name three exceptions to the general rule of estate tax payment.

3. State the processes and procedures necessary to the preparation and timely filing of the Form 706.

<p style="margin-left: 0.95in; line

Reviews

Saturday, 19 November 2016
This CPE was outdated, especially in Chapter 6 regarding the internet. Other sections were not up to date for 2015/2016 rules. Very disappointing
 
- Update/Response from the team. We are sorry you encountered this. The irony is that the 2016 update was completed the day before you wrote this review, but you had received the 2014 version the week before when you had ordered.
Connie L Radoff
Employer Compensation - 4 CPE Credit Hours
$34.95
After reading the materials, participants will be able to:1. Identify the twenty common-law rules used by the IRS to determine whether a person is an employee for purposes of FICA, FUTA and federal income tax withholding.2. Recognize employee and offi
2012-2013 Easy Update - 3 CPE Credit Hours
$29.95
After reading the materials, participants will be able to:1. Discuss the various issues related to individual income taxes by list-ing the income tax rates for the various tax brackets, quoting the AMT phaseout limits and contribution limits to HSAs, an
1040 Workshop - 40 CPE Credit Hours
$169.95
The sources of federal tax revenue are individual income taxes; Social Security and other payroll taxes; corporate income taxes; excise taxes; and estate and gift taxes.Note: The individual income tax is the major source of federal revenues, fol-lowed c
Defensive Divorce - 24 CPE Credit Hours
$109.95
When someone is going through the trauma of a divorce they often do not realize that there are severe tax implica-tions when making decisions such as:(1) When to separate,(2) When to file for the divorce,(3) How to handle child support and alimony,
The 7 Irrefutable Rules of Small Business Growth - 20 CPE Credit
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Starting a small business and making it a success isn’t easy. In fact, most small business owners don’t get rich and many fail. This book presents the straight truth on small business success.
Social Security, Medicare & Government Pensions - 20 CPE Credit
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Everyone wants to get the highest possible retirement and pension income – not to mention the best medical coverage. Turn to the completely updated 17th edition of Social Security, Medicare & Government Pensions to discover the benefits you're entitled to
Fraud 101 - 20 CPE Credit Hours
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Fraud 101, Third Edition serves as an enlightening tool for you, whether you are a business owner or manager, an accountant, auditor or college student who needs to learn about the nature of fraud. In this invaluable guide, you will discover and better un
Bookkeeping for Nonprofits - 20 CPE Credit Hours
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Bookkeeping for Nonprofits is a hands-on guide that offers nonprofit leaders, managers, and staff the tools they need to create and maintain a complete and accurate set of accounting records. This much-needed resource provides those with little or no book
$129 Unlimited CPE Subscription
$129.00
Take all the CPE you need with our $129 Unlimited CPE Subscription! 365 Days access to all of our CPE courses allows you to get as much CPE Credit as you choose!

Our CPE Is Accepted In:

 
Our CPE is currently accepted in: AL, AK, AZ, CA, CO, CT, DE, GA, ID, IN, IA, KY, ME, MD, MA, MI, MO, MT, NV, NH, NM, ND, OH, OK, PA, RI, SD, TX, UT, VT, VA, WA, WI, WY
 
Coming Soon 
NY
 
Coming Soon
NASBA

Testimonials

 
Thank you very much. Appreciate your prompt response. Have a great day.
Linda CPA
 
 
I already finished about 80 CPE and passed all the quizzes. Highly Appreciated!
Nael CPA
 
 
Thank you again for responding to me on a Sunday.
Paul CPA
 

Login Form