This is a two-part instructional video guide with slides for download. The first video and slide deck serves as an intro that is generally available to all, introducing some of the exemptions, exclusions, and exceptions that apply to what are often billed “transfer” taxes on the privilege of transferring wealth - specifically the gift, estate, and generation-skipping transfer (GST) taxes.
The second part, linked below for paid subscribers, gets into greater detail on how exactly these various exemptions get applied - whether as a direct reduction or elimination to a current or cumulative transfer amount, a credit against a tentative tax, or a ratio-driven comparison of exemption used to transfer tax value that drives the effective tax rate. Note that both the free and paid content is intended only for wealth transfer professionals, and not for those seeking assistance or education for their own individual situation. This content is not intended to substitute for legal or tax advice and is being provided for educational purposes only.
This is part of a broader course I am developing that will give a quick start for new practitioners (especially attorneys fresh out of law school), those who are new to the practice of estate planning and wealth transfer itself, and those wishing to brush up on their skills. A lot of the principles to be discussed in the course will serve as a deeper dive on the core learning objectives for estate planning from the CFP exam curriculum, based on my many years of teaching CFP candidates (which formed the basis for much of the education I now provide on this newsletter and YouTube channel). The series on estate plan funding is another component of this nascent course.
If you are interested in the course - whether for yourself, or possibly as a training tool for your firm or employees - subscribe to stay tuned for updates. And, if you are interested in developing in-house training in this vein, feel free to reach out.
Video - Intro
Slides - Intro
Video - Part 2
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