LAW 287 - Estate and Gift Taxation.

This course examines the federal taxes imposed on gratuitous transfers during life and at death.  Topics include: an overview of the estate and gift tax systems; the definition of “gift” for gift tax purposes; the gift tax annual exclusion; the composition of the gross estate; interests included in the gross estate by virtue of retained powers or interests in property transferred during life; the estate and gift tax marital and charitable deductions; estate and gift tax valuation principles; and the generation-skipping transfer tax. Two hours. Danforth