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ESTATE PLANNING CLASS! 7. Explain the concept of portability and a deceased spouse's unused exemption amount 8. What is a retained power with regard to
ESTATE PLANNING CLASS!
7. Explain the concept of portability and a deceased spouse's unused exemption amount 8. What is a retained power with regard to gifts 9. What are the elements of a gift? 10. Please explain the difference between the terms "adjusted gross estate" and "taxable estate." 11. What is a general power of appointment? What effect does it have versus a limited or special power of appointment? For a U.S. Citizen, what assets are includible in his or her gross estate for U.S. estate tax purposes? (.50 points) For a resident, non-U.S. Citizen, what assets are includible in his or her gross estate for U.S. estate tax purposes? (.50 points) For a non-resident, non-U.S. Citizen, what assets are includible in his or her gross estate for U.S. estate tax purposes? (150 points) 7. Explain the concept of portability and a deceased spouse's unused exemption amount 8. What is a retained power with regard to gifts 9. What are the elements of a gift? 10. Please explain the difference between the terms "adjusted gross estate" and "taxable estate." 11. What is a general power of appointment? What effect does it have versus a limited or special power of appointment? For a U.S. Citizen, what assets are includible in his or her gross estate for U.S. estate tax purposes? (.50 points) For a resident, non-U.S. Citizen, what assets are includible in his or her gross estate for U.S. estate tax purposes? (.50 points) For a non-resident, non-U.S. Citizen, what assets are includible in his or her gross estate for U.S. estate tax purposes? (150 points)
ESTATE PLANNING CLASS!
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