Chapter 7 — Estate Planning

Domain Weight: 12% (~17-20 questions) Folder: Chapter 7 - Estate Planning/

| File | Topic | Key Concepts | |---|---|---| | 7.1 - Estate Planning Fundamentals and Documents.md | Titling, documents, gift/estate tax, trusts, charitable planning | JTWROS, QTIP, ILIT, bypass trust, gift splitting, portability, CRT, Crummey powers |

Core competencies this chapter builds:

• Identify property titling and transfer methods at death (probate vs. non-probate assets)
• Assess the function and importance of core estate planning documents
• Calculate taxable gifts, apply annual exclusion rules, and determine Form 709 filing requirements
• Evaluate the estate tax impact of property transfers and calculate estate tax liability
• Select appropriate trust structures for blended families (QTIP), estate liquidity (ILIT), and bypass
• Apply portability rules and distinguish DSUE from GST exemption portability
• Design charitable giving strategies using CRTs, CLTs, DAFs, and QCDs
• Identify when and how Crummey powers convert contributions into present interest gifts

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