PART 1COURSE OBJECTIVES
After you have completed this course you will be able to do the following:
- Define several types of ownership interests in property.
- Summarize the process of probating an estate and distributing property under state
intestacy laws.
- Describe the federal gift tax system.
- Describe the federal estate tax system.
- Describe the patterns of state death tax systems.
- Identify the advantages of lifetime gifts, and list several ways of making them
advantageously to minors.
- Explain how the marital deduction may be used advantageously for federal estate tax
purposes.
- Explain how gifts of property to charity may be used advantageously in planning a
clients estate.
- Describe ways in which life insurance can be used in estate planning.
- Describe several types of estate planning documents.