Description
Note: This course was previously titled Planning for Estate Tax.
Explains types of property included in a gross estate and assets not included, estate tax rules concerning jointly owned property and transfers of property to another individual, how allowable deductions are identified and subtracted from the value of the gross estate, and an illustration and examples of estate tax calculations.
What You’ll Learn
After completing this course, students will be able to:
- Identify assets that are included in the gross estate
- Describe expenses that can be deducted from the gross estate
- Explain how the estate tax is calculated
