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Paul Winn's Estate Tax Update View Table of Contents [ Print This Page ] Recommended CPE Credit: CFP®: 3 Licenses: CFP ® EA PACE Course Description (scroll down to order) This course was updated on 1/05/2009. This course examines the various aspects of planning for the estate tax liability. The text serves as an introduction to the issues of estate settlement and includes a discussion of the probate estate and the federal gross estate. The roles of the executor and administrator are also explained. The student is taken through the steps of a federal estate tax calculation, beginning with a discussion of the components of the federal gross estate and continuing with an explanation of adjusted gross estate, taxable estate, tentative tax base, tentative tax, and tax payable before credits. The various credits and deductions are examined—including the marital deduction, unified tax credit, state death tax credit, credit for foreign death taxes and credit for tax on prior transfers—and their place in the federal estate tax calculation is explained. The role of trusts in estate tax minimization is considered, and an explanation of the common trusts employed in estate tax planning is given. The uses of credit shelter trusts, QTIP trusts, and irrevocable life insurance trusts are demonstrated. State death taxes are considered, and inheritance taxes are compared to estate taxes with respect to the party liable for payment and the role of decedent/beneficiary relationships in inheritance taxation. Finally, the sources of estate tax payment are examined and compared. Course and Credit Information Author: Paul Winn, CLU, ChFC Course text (54 pages). Exam and Grading:  Included with course. Take the exam using the e-Exam interactive PDF form for instant online grading and certificate (can also be faxed in). CFP® credits reported automatically (if applicable). Program delivery method: Self-study, available in print or download . Program level: Overview; Course prerequisites: None; Advance preparation: None Subject Codes/Fields of Study: CFP Board,  NAPFA: Estate Planning. NAPFA members: Download a course credit-by-subject chart from our Resources page. Credit Information: CFP® and PACE credit available in all states. Course-sponsor number: CFP Board: 1008. How to Order Order online or by phone (800-588-7039) To order online: 1. (Optional) Log-in or Open an Account. 2. Enter quantity below 3. Select how you would like to receive the course (printed materials sent in the mail or PDF file downloaded and saved to your computer). 4. Click "Add to Cart", continue shopping or proceed to secure checkout.  PDF Downloads: The PDF version of the course is downloaded, including the exam, from the purchase confirmation page (first download the course file to your computer, then open it.  Don't forget: Get 18% off when you order 3 or more courses. Print Price:  $59.00 Download Price:  $49.00 Quantity  Purchase Option:  Print Version Download Version