1.Discuss strategies for making gifts with tax and non-tax objectives and review examples illustrating these strategies. (Ch 22)

2.Discuss the gift tax issues on the payment of life insurance premiums when the policy is owned by another or by a trust, with a special emphasis on the use of the annual exclusion against such gifts. (Ch 30)

3.Discuss how the Crummey power was created through a litigated case as a successful way to create a present interest gift to the beneficiaries of the ILIT. [see Crummey v. Comm.,397 F.2d 82 (9th Cir. 1968) (Ch 31)