Estates and Trusts (619)
This course is a detailed examination of what property interests are included in the gross estate for federal estate tax purposes and of what transfers constitute gifts for federal gift tax purposes. Exclusions, deductions, and credits under both taxes are fully explored. There will be some coverage of the federal generation-skipping tax.
Classroom discussion; no drafting required.
|Type of Exam||
Various; will always require computational analysis.
|Basis for grading||
Final exam and class participation.
No longer covered on the Arizona bar exam. An essential course for anyone considering a career as either an estate planner or a tax specialist. The basic Income Tax course is not a prerequisite; the taxes discussed in this course are completely different from the income tax.