Estate and Gift Tax

This course involves a study of the federal transfer taxes imposed on gifts and estates. With respect to the gift tax, we 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, we 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).