Gift Taxation


Gift Taxation defines a gift and explains the criteria for gift taxation. This course illustrates how to compute the gift tax. It identifies who is liable to pay gift tax and the statute of limitations. This course also describes the impact of gift taxation on powers of appointment. This course explores the benefits of a lifetime gift program and the disadvantages of lifetime gifts. It demonstrates ways to shift income with gifting. This course also identifies options for adults to retain control of property transferred to a minor. This course emphasizes the importance of the marital deduction in estate planning for married individuals.


Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.


Learning Objectives: After completing this course, students will be able

  • Describe the basics of gift taxation
  • Explain the exclusions and gifting options
  • Describe the rules and advantages of the marital deduction