Podcast Episodes

[Estate Planning] 19, Installment Payments of Estate Tax

Season 1 Episode 19

Sections 6166 & 6161 allow for extended payment periods for closely held business interests. Open Exam Prep Podcast. More Exam Prep Content Visit: ht…

1 year, 4 months ago

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[Estate Planning] 18, Income in Respect of a Decedent (IRD)

Season 1 Episode 18

Income a decedent was entitled to but not received before death, included in the gross estate without a step-up in basis.

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1 year, 4 months ago

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[Estate Planning] 17, Generation Skipping Transfer Tax (GSTT)

Season 1 Episode 17

Imposed on transfers to individuals two or more generations younger, with specific rules for direct skips and taxable terminations.

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1 year, 4 months ago

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[Estate Planning] 16, Trusts in Estate Planning

Season 1 Episode 16

Used for management, creditor protection, and tax avoidance. Types include revocable, irrevocable, and specific trusts like GRATs and QPRTs.

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1 year, 4 months ago

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[Estate Planning] 20, Special Use Valuation

Season 1 Episode 20

Section 2032A allows valuation of property based on current use rather than highest and best use, with specific conditions and limitations.

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1 year, 4 months ago

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[Estate Planning] 12, Gifts and Gift Tax

Season 1 Episode 12

Gifts are taxed based on FMV at the date of gift. Split gifts and annual exclusions affect tax liability. CFP Exam Prep Podcast.

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1 year, 4 months ago

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[Estate Planning] 11, Types of Property Ownership

Season 1 Episode 11

Sole ownership, tenants in common, JTWROS, tenants by the entirety, and community property have different probate and tax implications.

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1 year, 4 months ago

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[Estate Planning] 15, Applicable Exclusion Amount

Season 1 Episode 15

Lifetime credit against estate and gift taxes, with specific calculations for taxable amounts.

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1 year, 4 months ago

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[Estate Planning] 14, Marital and Charitable Deductions

Season 1 Episode 14

Unlimited deductions for transfers between spouses and to qualified charities.

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1 year, 4 months ago

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[Estate Planning] 13, Crummey Provision

Season 1 Episode 13

Allows trust contributions to qualify for annual exclusion by creating a present interest.

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1 year, 4 months ago

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