Federal Estate Tax: Explore 65 Lessons across 20 Topics

Introduction to Federal Estate Tax Law

• Overview of Federal Estate Tax Law
• History of Federal Estate Taxes
• Key Terminologies in Estate Tax Law
• Test Your Knowledge: Introduction to Federal Estate Tax Law

Determining Estate Tax Liability

• What Constitutes an Estate
• Calculating the Gross Estate
• Adjustments to Gross Estate
• Test Your Knowledge: Determining Estate Tax Liability

Exclusions and Deductions

• Basic Exclusion Amount
• Marital Deduction
• Charitable Deductions
• Other Deductions
• Test Your Knowledge: Exclusions and Deductions

Filing Estate Tax Returns

• When to File Form 706
• Complete Guide to Form 706
• Filing Deadlines and Extensions
• Common Mistakes in Filing
• Test Your Knowledge: Filing Estate Tax Returns

Valuation of Estate Assets

• Fair Market Value Defined
• Valuing Real Estate
• Valuing Stocks and Bonds
• Valuing Closely Held Businesses
• Valuing Personal Property
• Test Your Knowledge: Valuation of Estate Assets

Portability of Estate Tax Exemption

• Understanding Portability
• How to Elect Portability
• Benefits and Limitations
• Test Your Knowledge: Portability of Estate Tax Exemption

Gift Taxes and Estate Planning

• Introduction to Gift Taxes
• Annual Exclusion Gifts
• Lifetime Gift Tax Exemption
• Strategies for Gift Giving
• Test Your Knowledge: Gift Taxes and Estate Planning

Trusts and Their Role in Estate Planning

• Types of Trusts
• Revocable vs. Irrevocable Trusts
• How Trusts Affect Estate Taxes
• Setting Up a Trust
• Test Your Knowledge: Trusts and Their Role in Estate Planning

Special Use Valuation

• Qualified Real Property
• Conditions for Special Use Valuation
• Calculating Special Use Valuation
• Test Your Knowledge: Special Use Valuation

Generation-Skipping Transfer Tax

• Definition and Purpose of GST Tax
• GST Tax Exemption and Rates
• Filing Form 709 for GST Tax
• Test Your Knowledge: Generation-Skipping Transfer Tax

Estate Tax Payment and Penalties

• Payment Options for Estate Taxes
• Penalties for Late Payment
• Installment Payment of Estate Tax
• Test Your Knowledge: Estate Tax Payment and Penalties

Life Insurance and Estate Taxes

• Impact of Life Insurance on Estate Taxes
• Using Irrevocable Life Insurance Trusts (ILIT)
• Test Your Knowledge: Life Insurance and Estate Taxes

State Estate and Inheritance Taxes

• Differences Between State and Federal Estate Taxes
• State-Specific Estate Tax Laws
• Planning for State Estate Taxes
• Test Your Knowledge: State Estate and Inheritance Taxes

Audit and Appeals Process

• Understanding Estate Tax Audits
• Responding to an Audit Notice
• Appealing an Audit Decision
• Test Your Knowledge: Audit and Appeals Process

Role of Executors

• Executor Duties and Responsibilities
• Choosing the Right Executor
• Executor Compensation
• Test Your Knowledge: Role of Executors

Charitable Remainder Trusts

• Introduction to Charitable Remainder Trusts
• Tax Benefits of Charitable Remainder Trusts
• Setting Up a Charitable Remainder Trust
• Test Your Knowledge: Charitable Remainder Trusts

Handling Digital Assets

• What Are Digital Assets
• Valuing Digital Assets
• Including Digital Assets in Estate Planning
• Test Your Knowledge: Handling Digital Assets

International Considerations

• U.S. Citizens with Foreign Assets
• Foreign Citizens with U.S. Assets
• Tax Treaties and Estate Taxes
• Test Your Knowledge: International Considerations

Estate Tax Law Changes

• Historical Changes in Estate Tax Law
• Recent Legislative Changes
• Future Trends in Estate Tax Law
• Test Your Knowledge: Estate Tax Law Changes

Case Studies and Examples

• Case Study: Small Estate
• Case Study: High-Net-Worth Estate
• Lessons Learned from Real Cases
• Test Your Knowledge: Case Studies and Examples

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