ACC 5430 - Estate and Gift Taxation

Credits: 2

This course focuses on the study of the federal tax rules and regulations related to the transfer of property and wealth by U.S. citizens and residents. We will review and analyze the gift tax system with its deductions, exclusions, and applications, and address the interaction with the estate tax system. We will explore the use of trusts as estate planning vehicles, and will explore the estate tax, including its application, definition of the gross estate, deductions, valuation and planning opportunities. In addition to conducting a review of the gift, trust and estate tax systems, we will also look at the generation skipping tax and its effects on estate planning.