TAX-871 Taxation of Estates, Trusts and Gifts
This course primarily focuses on the taxation of U.S. citizens and residents as it relates to estates, trusts and gift taxes. Due to recent growth in the global mobility of persons, the course also introduces tax issues surrounding the estate and gift tax burden of non-U.S. persons who are domiciled in the U.S. or who have never been domiciled in the U.S. but must be considered in U.S. estate and gift tax planning. The tax implication related to various types of trusts and their use in estate planning is also analyzed. Topics covered include, income in respect to a decedent, generation-skipping transfer taxes, the implication of administrative powers, terminations, distributable net income and other recent developments. The course emphasizes tax professional tax practice by incorporating research based on the analysis of various practical tax scenarios and the preparation of estate, gift and trust tax returns.
Prerequisite
TAX-801 or approval of the MST Director
Offered
Fall