LAW 7833 - Estate & Gift Taxation

Prerequisite, LAW 7133. A comprehensive study of the federal wealth transfer tax system, including the gift tax, the estate tax and the generation-skipping transfer tax. Coverage includes the tax treatment of property owned at death and property transferred during life, the marital and charitable contribution deductions and other deductions and credits. The course includes procedural and valuation issues, including related income tax basis planning. Non tax law aspects of estate planning are also studied for taxable and nontaxable estates. Prerequisite: Federal Income Tax. This course is a core requirement for the Certificate in Taxation. Letter grade. 3 credits