Chapter 24 Wealth Transfer Taxation. Federal Gift Tax $Overview $Transfers Subject to Gift Tax $Valuation of Gifts $Exclusions $Deductions $Computation.

Slides:



Advertisements
Similar presentations
13-1 ©2011 Pearson Education, Inc. Publishing as Prentice Hall.
Advertisements

Overview of Estate/Gift Tax Unified Rate Schedule Single unified transfer tax applies to estates/gifts (post 12/76) – until 2003 why? Rates range from.
Overview of Estate/Gift Tax Unified Rate Schedule Single unified transfer tax applies to estates/gifts (post 12/76) why? Rates range from 18% to 40% -
DISPOSITIVE PROVISIONS OF WITH NO PLANNING SETTLOR Living Trust ALL TO SPOUSE NO ESTATE TAX $6,000,000 TO HEIRS Unlimited Marital Deduction TAX AT SPOUSES.
Chapter 17 The Federal Gift and Estate Taxes The Federal Gift and Estate Taxes Copyright ©2006 South-Western/Thomson Learning Corporations, Partnerships,
© 2004 ME™ (Your Money Education Resource™) 1 Estate Planning Chapter 13: Generation Skipping Transfers.
The Power and Functionality of Lifetime QTIP Planning
Law T Estate & Gift - Instructor: Dwight Drake Six Big Tools Annual gift tax exclusion Unified Credit GST Exemption Valuation games Marital Deduction.
South Plains Trust & Estate Council Federal Estate and Gift Tax Update Jeffrey N. Myers Bourland, Wall & Wenzel, P.C. Attorneys and Counselors 301 Commerce.
Agenda 5/3 BA 128A-1 Questions from lecture Review Chapter 9,10,11,12 Assignment C9-27,35 Additional C10-29,11-47, 12-32,50.
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 25 Transfer Taxes and Wealth Planning.
Chapter 25 Transfer Taxes and Wealth Planning © 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized.
Chapter 13: The Estate Tax
McGraw-Hill/Irwin Copyright (c) 2003 by the McGraw-Hill Companies Inc Principles of Taxation- Advanced Strategies Chapter 14 The Transfer Tax System Slide.
12-1 ©2011 Pearson Education, Inc. Publishing as Prentice Hall.
McGraw-Hill/Irwin Copyright (c) 2003 by the McGraw-Hill Companies Inc Principles of Taxation: Advanced Strategies Chapter 15 Income Taxation of Trusts.
CHARITABLE SPLIT INTEREST TRUSTS Matt Pugh. Relevant Primary Authority  §664  §170  §  §  §  Rev. Proc , CB.
McGraw-Hill/Irwin Copyright (c) 2002 by the McGraw-Hill Companies Inc Principles of Taxation: Advanced Strategies Chapter 14 Chapter 14 The Transfer Tax.
Today’s Lecture #22 Managing Life and Health Risks Financial Impact of Death Disability Retirement Estate Planning Wills Trusts Guardians Federal Estate.
©2013, College for Financial Planning, all rights reserved. Module 11 Estate Planning Chartered Retirement Planning Counselor SM Professional Designation.
Planning for Non-Traditional Relationships Chapter 57 Tools & Techniques of Estate Planning Copyright 2011, The National Underwriter Company1 Some domestic.
Post Mortem Tax Elections Checklist Chapter 21 Tools & Techniques of Estate Planning Copyright 2011, The National Underwriter Company1 Decedent’s Final.
©2015, College for Financial Planning, all rights reserved. Session 4 The Federal Gift Tax CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION.
Chapter 20 Estates and Trusts: Their Nature and the Accountant’s Role.
1 FIFTH ANNUAL GREATER KANSAS CITY FORUM ON CHARITABLE TAX STRATEGIES CHARITABLE TAX PLANNING TECHNIQUES IN BUSINESS SUCCESSION PLANS.
Chapter 12 Tax Considerations In Estate Administration.
Taxable Estate n Gross estate less u 2053 Expenses, debts, & taxes u 2054 Losses u 2055 Charitable deduction u 2056 Marital deduction u QFOBI deduction.
Unlimited Marital Deduction  Advantages Defers estate tax until surviving spouse dies  Assuming surviving spouse doesn’t consume assets  Assuming surviving.
It comes down to this… The success you have enjoyed has created a problem that will someday become very real for those you care about.
©2015, College for Financial Planning, all rights reserved. Session 8 Transfer Tax Return Filing Requirements CERTIFIED FINANCIAL PLANNER CERTIFICATION.
Chapter 7 Federal Income Tax
1 Estate Planning – Retirement Benefits. 2 The Nuts & Bolts Rules Introduction to Estate Taxes Unlimited Marital Deduction Exemption amounts (Unified.
Chapter 17 The Federal Gift and Estate Taxes Copyright ©2002 South-Western/Thomson Learning, Cincinnati, Ohio William H. Hoffman, Jr., William A. Raabe,
McGraw-Hill© 2005 The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 12: The Gift Tax Chapter 12: The Gift Tax.
23 - 1Copyright 2008, The National Underwriter Company Taxation of Individual Disability Income Insurance  What is it?  Policy that provides benefits.
Law T Estate & Gift - Instructor: Dwight Drake Sam/Lucy Annual Exclusions Sam Lucy Sam’s Kids 5 5 Exclusion Per Person $13,000. $13,000. Total.
1 Federal Wealth Transfer Taxation. 2 FWT Components n Estate Tax – Ch. 11 n Gift Tax – Ch. 12 n Generation Skipping Transfer Tax – Ch. 13 n Economic.
Estate Planning: Concepts and Strategies
12-1 ©2009 Pearson Education, Inc. Publishing as Prentice Hall.
1 Chapter 12: The Gift Tax. 2 THE GIFT TAX (1 of 2)  Unified transfer tax system  Gift tax formula  Transfers subject to gift tax  Annual exclusion.
Estate Tax Chapter 15 Tools & Techniques of Estate Planning Copyright 2011, The National Underwriter Company1 Tax on transfer of property when a person.
Survivorship Life  Characteristics  Also called second-to-die, last-to-die, joint life  Pays a death benefit upon the death of two or more insured’s.
McGraw-Hill© 2005 The McGraw-Hill Companies, Inc. All rights reserved.
GIFT TAX RETURNS Presented by: Robert S. Keebler, CPA, MST, AEP (Distinguished)
1 Chapter 13: The Estate Tax. 2 THE ESTATE TAX nThe estate tax formula nGross estate valuation nGross estate items nEstate tax deductions nComputation.
Cash and Cash Equivalents Chapter 1 Tools & Techniques of Investment Planning Life Insurance and the Generation-Skipping Transfer Tax Chapter 25 Tools.
Marital Deduction and Bypass Trusts Chapter 24 Tools & Techniques of Estate Planning Copyright 2011, The National Underwriter Company1 Marital Deduction.
© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
12-1 Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall.
McGraw-Hill Education Copyright © 2015 McGraw-Hill Education. Chapter 14 Transfer Taxes and Wealth Planning.
PA 221 Wills, Trusts, and Estate Planning Unit Eight: Taxation.
Estate Planning Chapter 14. Considerations Client Data Federal and State Gift and Estate Taxes Estate Administration Expenses Forced Liquidation Termination.
FISCHER | TAYLOR | CHENG Estates and Trusts: Their Nature and the Accountant’s Role.
Overview of Estate/Gift Tax Unified Rate Schedule
Transfer Taxes and Wealth Planning
Chapter 12: The Gift Tax Chapter 12: The Gift Tax.
Tax Considerations in the Administration of Estates
Chapter 13: The Estate Tax
Welcome Back Atef Abuelaish.
Taxation of Gifts and Estates
Transfer Taxes and Wealth Planning
Principles of Taxation: Advanced Strategies
Estates and Trusts: Their Nature and the Accountant’s Role
The Federal Gift and Estate Taxes
Overview and Taxable Estate
Taxation of Individuals and Business Entities
Gift Tax Annual Exclusion
Taxes and Financial Planning
Form 709 Gift Tax Return Presented by:
Presentation transcript:

Chapter 24 Wealth Transfer Taxation

Federal Gift Tax $Overview $Transfers Subject to Gift Tax $Valuation of Gifts $Exclusions $Deductions $Computation of Gift Tax $Split Gifts $Gift Tax Return $Liability for Estate Tax

Federal Estate Tax $Overview $Contents of Gross Estate $Valuation of Gross Estate $Deductions $Computations of Gift Tax $Split Gifts $Gift Tax Return $Liability for Estate Tax

Marital Deduction and Bypass Planning $Transfers Qualifying for the Marital Deduction $Sheltering the Applicable Exclusion Amount

Charitable Deduction $Non-Split Transfers $Split Transfers

Federal Generation-Skipping Transfer Tax $Skip Person Defined - Generally $Transfers Subject to GST Tax $Exemptions & Exclusions

Federal Income Tax Ramifications of Gratuitous Transfers $Inter Vivos Transfers $At Death Gifts

State Wealth Transfer Taxation $Inter Vivos Transfers $At-Death Transfers

Conclusion

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.