Program Description:
This course introduces participants to the concepts
of lifetime gifts. It discusses the appropriateness of
lifetime gifts, use of the annual exclusion, and various
techniques for transferring assets.
This course covers:
- Assist clients in determining whether they should
incorporate a plan of lifetime gifts within their
estate plan
- Advise clients how to make effective use of the
annual exclusion
- Describe different techniques for transferring assets
to minors
- Explain how changing tax rules may affect lifetime
giving
- Based on clients’ individual situations, develop
lifetime giving strategies to include the use of
annual exclusions
- Explain the use of Crummey trusts and when they
may be appropriate in clients' situations
- Distinguish between the features and benefits of
GRITS, GRATS, and GRUTS, and suggest strategies
for using them when appropriate
Who Should Attend:
Trust Officers who already have a basic knowledge of
estate and gift taxes and who seek to expand their
skills to enable them to advise clients with respect to
clients’ estate plans.
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