Understanding Transfer Tax



Identifies the types of transactions that may be considered gifts and describes the conditions that cause gift taxation. Describes the requirements that must be met for a disclaimer to qualify for exemption from federal gift tax, and the exclusions available to clients to minimize or avoid taxes. Explains the impact of the unified tax system and how to calculate the amount subject to the gift tax.

 
Updated: January 2017
Re-versioned: July 2016

Learning Obj​​​​ectives

After completing this course, students will be able to:
  • Define what a gift is for tax purposes
  • Describe the benefits of disclaimers and exclusions for your clients
  • Explain your role in meeting client expectations
  • Describe the methods and costs of transferring property
  • Identify gift tax considerations

​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.

 

Course Credits

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​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Registration & Pricing

 

Individual Purchase:
ABA Member • $175
Non-Member • $225

Purchase for a Team:
To license this course to your bank for multiple learners, please contact ABA Training.​

 

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