Unit 1: Advanced Trust Structures
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Credit Shelter Trust: Discover how credit shelter trusts help in utilizing estate tax exemptions effectively. (1:55)
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Irrevocable Life Insurance Trust (ILIT): Understand how ILITs can help in managing life insurance policies and reducing estate taxes. (2:53)
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Qualified Personal Residence Trust (QPRT): Explore how QPRTs can help in transferring personal residences while minimizing gift and estate taxes. (2:54)
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Grantor Retained Annuity Trust (GRAT): Learn how GRATs can be used to transfer wealth and reduce estate taxes while retaining an income stream. (2:49)
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Qualified Terminable Interest Property (QTIP) Trust: Learn how QTIP trusts allow for income to be provided to a surviving spouse while preserving the principal for other beneficiaries. (2:12)
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Special Needs Trust: Understand the role of special needs trusts in providing for individuals with disabilities. (2:47)
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Unit 1: Advanced Trust Structures Quiz
Unit 2: Maximizing Tax Efficiency in Estate Planning
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Estate Tax: Learn about the tax imposed on the transfer of the taxable estate of a deceased person. (2:44)
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Unified Credit: Understand the unified credit’s role in reducing estate and gift taxes. (2:42)
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Annual Exclusion: Explore the annual exclusion amount and its effect on gift tax planning. (2:21)
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Lifetime Exemption: Understand how the lifetime exemption reduces estate tax liability. (2:35)
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Gift Tax: Understand the tax on the transfer of money or property to another person without receiving anything (or less than full value) in return. (2:34)
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GSTT (Generation-Skipping Transfer Tax): Explore strategies to minimize the impact of GSTT. (2:48)
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Gifting: Discover strategies for gifting assets to reduce estate taxes. (2:29)
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Unit 2: Maximizing Tax Efficiency in Estate Planning
Unit 3: Special Situations in Estate Planning
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Nuncupative Will: Learn about oral wills that are made in the presence of witnesses, typically used in emergencies. (2:20)
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Lapse: Understand what happens when a beneficiary dies before the testator, and the gift lapses. (2:22)
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Abatement: Understand the reduction of legacies when an estate's assets are insufficient to pay all the debts and legacies. (2:14)
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Ademption: Learn about the situation where a specific bequest in a will cannot be fulfilled because the item no longer exists. (2:24)
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Disinherit: Discover how to intentionally exclude someone from receiving an inheritance. (2:19)
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Unit 3: Special Situations in Estate Planning Quiz
Unit 4: Securing Your Legacy: Finalizing Estate Plans
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Community Property: Understand the rules governing property ownership between spouses in community property states. (2:13)
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Separate Property: Discover the concept of separate property owned by one spouse in a marriage. (2:10)
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Joint Tenancy: Learn about this form of property ownership where two or more people own equal shares with rights of survivorship. (1:58)
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Tenancy by the Entirety: Explore this form of joint property ownership reserved for married couples. (1:55)
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Portability: Delve into how portability allows a surviving spouse to utilize unused estate tax exemptions. (2:04)
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Marital Deduction: Understand how marital deduction affects the finalization of estate plans. (2:10)
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Healthcare Proxy: Understand the role of a healthcare proxy in making medical decisions on behalf of an incapacitated person. (2:33)
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Advance Directive: Learn about advance directives for healthcare decisions. (2:30)
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Unit 4: Securing Your Legacy: Finalizing Estate Plans Quiz
Estate Planning 102: Understand the Key Concepts of Trusts and Wealth Preservation Review
