 | Transfer Taxes and Wealth Planning
Upon completing this chapter, you should be able to:
| LO 25-1 | Outline the basic structure of federal transfer taxes.
| | LO 25-2 | Describe the federal estate tax and the valuation of transfers,
and compute taxable transfers at death and the federal estate
tax.
| | LO 25-3 | Summarize the operation of the federal gift tax and the
calculation of the federal gift tax.
| | LO 25-4 | Apply fundamental principles of wealth planning and
explain how income and transfer taxation interact to affect
wealth planning.
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