771 Estate & Gift Tax - §002, Spring 2014

Categories: Estate Planning/Elder Law

Instructor(s) Erlanger, Howard

For Spring 2014, TNE-II has been split into two modules, for one credit each. Estate and Gift Tax is one of those modules. (The other module is Marital Property; students may enroll in either or both modules.)

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 (whether taken for two or three credits). 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, March 13 - April 24, on Thursdays from 3:30 - 5:30 pm.

Students who have taken TNE-II are not eligible to take this course, since it covers the same material.

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