Estate Planning: An Overview Self-Study Webinar (11 Hours)


Building on the belief that everyone needs an estate plan, this self-study webinar provides a comprehensive overview of estate planning. You will:

  • Feel more at ease with all the important aspects of estate planning
  • Learn how to apply the most important and popular estate planning strategies and techniques
  • See how to develop and evaluate estate plans for your clients

To give accountants and tax professionals the necessary planning information and the available tools to create quality estate plans for clients. You'll learn what estate planning is, when and how to devise a plan, who should plan, what the necessary planning information is and what tools are available.

  • Federal estate and gift tax issues
    – Unified credit after the Tax Cuts and Jobs Act of 2017
    – Marital deduction
    – Revocable transfers
    – Gift tax exemptions
  • Income tax issues
  • Planning tools
    – Credit shelter trusts
    – QTIP trusts
    – Life insurance trusts
    – Revocable living trusts
    – Generation-skipping tax planning
  • Probate vs. nonprobate assets
  • Multistate issues
  • Lifetime transfers
  • Will substitutes
  • Post-death strategies

Identify the different legal forms of property ownership

Identify the terminology used when an individual dies without a will

Recognize the major functions of a will

Identify the scope of fiduciary discretion given under the terms of a fiduciary power clause

Recognize the role of the probate process in estate planning

Recognize the common methods used to avoid probate

Identify the implications to an estate plan when assets are held in a living trust

Identify the steps in the probate process

Identify the income tax implications of estates and trusts

Recognize the main functions of the personal representative

Recognize the contingent future interest time limits imposed by the “Rule Against Perpetuities”

Recognize the circumstances required for the imposition of federal gift taxes

Recognize the circumstances required for the unlimited medical and education deduction in gift taxation

Recognize the annual gift tax exclusion

Identify the role of annual exclusion giving in estate planning

Identify the age at which a Section 2503(c) trust beneficiary must receive the funds from the trust

Identify the reason a grantor may prefer a Section 2503(c) minor’s trust over an UTMA/UGMA account

Identify the benefits of making taxable gifts in excess of the donor’s lifetime exemption

Recognize the gift tax consequences of gifting a residence to a spouse as a “tenant in common”

Recognize the tax implications of gifting less than an entire interest in property to charity

Recognize the reason that adjusted taxable gifts are included in the estate tax calculation

Recognize the characteristics of the marital deduction

Identify the significance of a terminal interest in estate planning

Identify the applicable GST tax rate

Identify the basis implications of both lifetime and testamentary gifting

Identify the circumstances creating income in respect of a decedent, or IRD

Identify the circumstances creating deductions in respect of a decedent, or DRD

Identify the typical will used by most long-term married couples with adult children and modest estates

Identify the characteristics of marital/non-marital trusts in estate planning

Identify the type of trust often used in second marriage situations where there are children from a first marriage

Recognize the role of a QTIP trust in estate planning

Recognize the role of life insurance in estate planning

Recognize the circumstances in which life insurance on a decedent will be included in his gross estate

Recognize the characteristics of a qualified disclaimer

Recognize the commonly-accepted methods for determining the value of a business for purposes of a buy-sell agreement

Identify the qualifying business disposition percentage necessary to terminate the deferral of the payment of estate taxes under Section 6166

Identify the maximum available deferral of the payment of estate taxes under Section 6161(a)(2)




No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: