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GS 815 Audio: Advanced Estate Planning — 120 episodes · page 1 of 2
12-1 Identify the planning techniques that provide unique opportunities for unmarried couples.
12-2 Describe the distinctions that exist for unmarried couples.
12-3 Discuss the special estate planning issues that affect elderly clients.
12-4 Describe the vehicles for managing the financial matters of elderly clients.
12-5 Describe the issues related to health care decisions for elderly clients.
12-6 Discuss the premortem estate planning techniques that facilitate the reduction of the gross estate.
12-7 Discuss the use of "living benefits" of a life insurance policy.
11-1 Discuss the tax treatment of sales of a business for an installment note.
11-10 Identify the procedural corporate law considerations that should be followed in setting up a buy-sell agreement.
11-11 Explain how a family buy-sell agreement must be structured to satisfy the requirements of Sec. 2703.
11-12 Discuss how stock redemptions can be used to provide estate liquidity.
11-13 Discuss the deductibility of expenses incurred with respect to borrowing or selling estate assets to provide estate liquidity.
11-14 Discuss the benefits of deferring estate taxes under Sec. 6166.
11-15 Identify the requirements for an estate to qualify under Sec. 6166 for deferral of estate taxes.
11-2 Describe the impact of an installment note on the seller's estate.
11-3 Discuss the estate planning uses of a self-canceling installment note (SCIN).
11-4 Identify the benefits of a sale of a business for a private annuity.
11-5 Describe the tax treatment of a private annuity.
11-6 Describe the basic types of insured buy-sell agreements.
11-7 Discuss the advantages and disadvantages of the corporate purchase or entity buy-sell agreement.
11-9 Explain why it is important in planning a buy-sell agreement to get the consent of the nonshareholder spouse in a community-property state.
11-8 Discuss the advantages and disadvantages of the cross-purchase buy-sell agreement.
10-1 Discuss the eligibility rules for making an S election for tax purposes.
10-2 Describe the types of trusts eligible to hold S corporation stock.
10-3 Outline the general rules for the income tax treatment of an S corporation and its shareholders.
10-4 Discuss the tax treatment of distributions to S corporation shareholders.
10-5 Discuss the treatment of S corporation income following a transfer of stock.
10-6 Briefly describe the income tax treatment and penalty taxes that apply to C corporations.
10-7 Describe the tax treatment of distributions to C corporation shareholders.
10-8 Explain the rules for qualifying for an exclusion from gain on the sale of small business stock.
9-1 Explain the valuation discounts for minority interests and lack of marketability.
9-10 Discuss the advantages of an LLC.
9-2 Discuss the other factors that may affect an entity's value.
9-3 Summarize the advantages and pitfalls of owning property in a family entity.
9-4 Identify the advantages of a family limited partnership (FLP).
9-5 Discuss the structure of an FLP with respect to control, management, and withdrawalof general and limited partners.
9-7 Explain the application of the special valuation rules to an FLP.
9-9 Describe the structure of a limited liability company (LLC).
9-6 Describe the valuation discount for gift and estate tax purposes for interests in an FLP.
9-8 Discuss the income taxation of an FLP and its partners.
8-1 Briefly discuss the transfer tax implications of charitable donations.
8-10 Identify the possible circumstances in which a charitable lead trust (CLT) might be recommended.
8-11 Describe the design considerations of a CLT.
8-12 Review the tax ramifications of a CLT.
8-13 Describe the structure of a donation through a charitable gift annuity (CGA).
8-14 Discuss the tax consequences of a CGA.
8-15 Identify the reasons why an individual might create a private foundation.
8-16 Discuss the tax penalties under the private foundation rules.
8-17 Discuss the potential uses of a CRT or CLT for a donor who is not necessarily charitably inclined.
8-2 State the general rule for donations of split interest in property.
8-3 Discuss donations to a pooled-income fund.
8-4 Describe how a donor can receive a charitable deduction for donating the remainder interest in his or her residence or farm.
8-5 Identify the type of contributions that qualify for deductions for conservation purposes.
8-6 Describe the basic structure of a charitable remainder trust (CRT).
8-8 Discuss the tax treatment of the noncharitable beneficiaries of a CRT.
8-7 Explain the income tax deduction rules for contributions to a CRT.
8-9 Summarize the payout options for the noncharitable beneficiaries of a CRT.
7-2 Determine the value of a life insurance policy for gift tax purposes.
7-3 Discuss the issues in choosing between an ILIT and an individual for third-party ownership of life insurance.
7-4 Discuss the gift tax issues for employer-provided life insurance assigned to an ILIT.
7-5 Describe the procedures for designing and administering Crummey provisions in an ILIT.
7-6 Discuss the issues concerning excluding an ILIT from an insured's gross estate.
7-7 Identify the exit strategies from an ILIT.
6-1 Understand the terminology of the generation-skipping transfer tax (GSTT).
6-2 Describe the types of transfers that incur the GSTT.
6-3 Identify the types of gifts that are excluded from the GSTT.
6-4 Describe how the GSTT exemption is allocated to gifts or transfers at death.
6-5 Discuss the decisions with respect to the timing of GSTT exemption allocations.
6-6 Discuss the planning techniques for transfers in excess of the exemption amount.
6-7 Describe the use of a dynasty trust in planning family wealth transfers.
5-4 Discuss the implications of income tax basis in planning marital transfers.
5-5 Describe the types of bequests that can be used to fund marital deduction and basic credit amount equivalent bypass shares of an estate.
5-6 Discuss the property funding and valuation issues for marital and basic credit amount bypass shares.
5-7 Discuss the postmortem decisions related to making the QTIP election.
5-8 Describe the requirements for an effective marital property agreement.
5-9 Discuss the issues concerning marital transfers in a blended family situation.
5-1 Discuss the types of transfers that qualify for the marital deduction.
5-2 Discuss the planning implications that indicate the appropriate design for a QTIP trust.
5-3 Describe how the estate plan can be designed to provide for optimal marital deduction/federal basic credit amount planning.
4-1 Identify the circumstances in which actuarial tables are required.
4-2 Discuss the impact of the Sec. 7520 interest rate.
4-3 Identify circumstances in which the actuarial tables do not apply.
4-5 Define personal residence for the purposes of a QPRT.
4-4 Explain the structure of a QPRT.
4-6 Discuss the options for the grantor when the QPRT terminates.
4-7 Explain the structure of a GRAT.
4-8 Describe the income, gift, estate, and generation-skipping transfer tax consequences ofa GRAT.
4-9
3-1 Explain how transfers to pay the tuition or medical costs of another are excluded from the tax system.
3-10 Discuss the retained powers or controls appropriate for effective lifetime gifts.
3-2 Summarize the various ways that annual exclusion gifts can be made for the benefit of minors.
3-3 Describe the tax implications of Crummey withdrawal powers to the grantor andbeneficiaries of a trust.
3-4 Discuss the annual-exclusion issues associated with gifts of interest in an entity.
3-5 Describe the benefits of the tax-exclusive nature of lifetime gifts.
3-6 Explain how gifts can shift income to lower-bracket donees.
3-7 Describe how the income tax basis rules affect estate planning.
3-8 Discuss the statute of limitations for gift tax returns.
3-9 Identify the disadvantages of lifetime gifts.
2-1 Discuss the cumulative nature of the federal estate and gift tax system.
2-2 Explain the calculation of gift and estate taxes.