771 Estate & Gift Tax - §003, Spring 2017

Categories: Estate Planning/Elder Law

Instructor(s) Erlanger, Howard

The one-credit Estate and Gift Tax module will offer an overview, introducing the student to transfer tax issues at the federal (and to a limited extent) state level. The only prerequisite for the course is Trusts and Estates I. No prior exposure to transfer tax – or income tax – issues will be assumed. Because this is an introductory overview, and not strictly speaking a tax course, the Internal Revenue Code itself will not be required reading. Students will only be responsible for the Code to the extent discussed in class and in the readings. Topics that will be covered include: a brief history and overview of federal transfer taxation; important recent developments, including “portability” of the federal estate tax exemption and treatment of same sex spouses; components of the gross estate; allowable deductions and calculation of the federal estate tax; a brief look at state transfer taxes; and the relationship between federal estate tax and income tax. The Estate and Gift Tax module will be offered during the second half of the semester.

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