LAW 6620 Estate And Gift Taxation

This Course Provides Students With A Study Of The Federal Estate And Gift Tax Structure And Its Impact On The Transfer Of Property And Of Income Taxation Of Trusts And Estates. The Redistribution Of Wealth Through Taxation Is Also Studied. Taxation Of Income Of Trusts And Estates Also Includes Annuities, Property Distributions, And Income In Respect Of Decedent. This Course Primarily Involves A Study Of The Unified System Of Federal Gift And Estate Transfer Taxes Imposed By Chapters 11 And 12 Of The Internal Revenue Code. With Respect To The Gift Tax, The Student Will Explore The Transfers That Are Subject To Tax As Well As The Annual Exclusion And Gifts To Minors. With Respect To The Estate Tax, The Student Will Explore The Transfers (both During Life And At Death) That Are Included In A Decedent’s “gross Estate,” As Well As Certain Of The Deductions That Are Available To Reduce The Size Of The Gross Estate (and, Ultimately, The Estate Tax Owed).