Chapter 24Wealth Transfer Taxation

Federal Gift Tax

$Overview$Transfers Subject to Gift Tax

$Valuation of Gifts$Exclusions$Deductions

$Computation of Gift Tax$Split Gifts

$Gift Tax Return$Liability for Estate Tax

Federal Estate Tax

$Overview$Contents of Gross Estate$Valuation of Gross Estate

$Deductions$Computations of Gift Tax

$Split Gifts$Gift Tax Return

$Liability for Estate Tax

Marital Deduction and Bypass Planning

$Transfers Qualifying for the Marital Deduction

$Sheltering the Applicable Exclusion Amount

Charitable Deduction

$Non-Split Transfers$Split Transfers

Federal Generation-Skipping Transfer Tax

$Skip Person Defined - Generally$Transfers Subject to GST Tax$Exemptions & Exclusions

Federal Income Tax Ramifications of Gratuitous Transfers

$Inter Vivos Transfers$At Death Gifts

State Wealth Transfer Taxation

$Inter Vivos Transfers$At-Death Transfers

Conclusion