Estate Tax Planning - OH

Insurance Continuing Education in Ohio

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$19.95

5 credit hours

Price includes
CE Course :
$14.95
Roster Fee :
$5.00

* A roster fee of $1.00 per credit is required to file Insurance Continuing Education credit in Ohio. That fee is collected as part of your purchase and is then used to pay for the filling of your credits.

If purchased today, this course must be completed by:
December 31, 2024 (202 Days)

An affidavit of personal responsibility must be completed prior to the processing of credits for continuing education.
Description

Estate Tax Planning examines the various aspects of planning for the estate tax liability.  The course begins with a discussion of the genesis of estate taxation in English common law and continues with an examination of the estate and its administration.

The subjects discussed in the course are a) the estate and its administration, b) federal gift and estate taxes, c) common estate planning trusts, d) calculating federal estate taxes, e) state inheritance and estate taxation, and f) estate tax payment. 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 steps taken to calculate federal estate tax liability are discussed. In that discussion, the federal gross estate, tentative taxable estate, taxable estate and tentative tax are examined. The various estate tax credits and deductions are considered and their place in the federal estate tax calculation is explained.

The role of trusts in estate tax minimization is considered. The common trusts employed in estate tax planning are explained, and 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 traditional sources of estate tax payment are examined and compared.

Upon completion of this course, the user should be able to:

  • Explain the differences between an estate for tax purposes and a probate estate;
  • Identify the assets that comprise the federal gross estate;
  • Compare state inheritance taxes and estate taxes and the typical beneficiary classifications for state inheritance tax purposes;
  • Explain how gifts are taxed under the federal gift tax system;
  • List the deductions and credits allowed under the federal system of estate taxation;
  • Describe the common trusts employed in estate tax planning;
  • Perform an estate tax calculation; and
  • Identify the methods of estate tax payment and their cost consequences.

 

Exam Details

Need Proctor?No
Question Count:50
Passing Grade:70%
Attempts to Pass:Unlimited
Note: If you choose to request additional credit types while taking this course, the number of exam questions and proctor rules may change to meet those credits' requirements.

Course Details

Course Number:71730
Approved Title:Estate Tax Planning
Approved Credits
5 credits in General
Provider:InsuranceStudy.com
Provider Number:982
Topics Covered:General Principles of Financial Planning, Life Insurance, Estate Planning
Program Level:Advanced

Rules for Ohio Insurance Continuing Education

  • Course material may not be downloaded.
  • Exam is closed book.
  • For all online and self-study courses there must be an exam which consists of a minimum of 10 exam questions per each hour of approved continuing education credit.
  • All exam questions must be constructed in a four-alternative multiple choice format.
  • Payment is required prior to accessing course materials.
  • A provider shall prevent access to the course unit/chapter questions and final exam before the agent reviews the course materials in their entirety.
  • An affidavit of personal responsibility must be completed prior to the processing of credits for continuing education. The affidavit is to be made available only after the course examination is successfully completed.
  • Student information will not be sold or distributed to any third party without prior written consent of the student. Taking the course shall not constitute consent.
  • The state of Ohio charges an additional fee of $1.00 per credit hour.

Provider Rules for Ohio Insurance Continuing Education

  • A course will not be considered complete until all requirements of that course are fulfilled including the review of course material, completion of exam with a passing grade, and the receipt of any additional paperwork that may be required by your state Department of Insurance including but not limited to an Affidavit of Personal Responsibility.
  • State and certification rules and regulations must be adhered to at all times. In the event of a conflict, the state or certification rules and regulations will always take precedent over any provider policies. Applicable rules of your state and/or certification are listed above.
  • A final exam is required at the end of each course. All exams are multiple choice with the quantity of questions increasing exponentially depending on the number of hours available for credit. Each exam attempt will consist of a new set of randomly selected questions and answers.
  • Courses are available for one year from the date of purchase unless otherwise indicated. This time frame may be impacted by course expiration dates, course content updates, or author/company restrictions on availability.
  • In order to be eligible for a course refund, the student must request a refund in writing within one year of the purchase date. To be eligible for a refund, the course must be intact, meaning the student has not yet begun the course material. If the student is entitled to a refund, InsuranceStudy will refund the purchase price using the original method of payment. If the student has already started the course material, the student is eligible for an exchange to a different course of the same or greater value with any difference in price due at the time of the exchange. In the event the exam has been accessed, no refund shall be granted.
  • Students cannot be guaranteed that they will receive a passing grade.
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  • Student information will not be sold or distributed to any third party without prior written consent of the student. Taking the course shall not constitute consent.
  • Each exam must be answered with a minimum of 70% correct to achieve a passing grade. Some specialty certification or designation courses may have a higher passing standard and those exams will be subject to the higher requirement.

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