HS 334 Video: Estate Planning Applications episodes:

• December 08, 20144-1 Valuation Principles Used in the Estate Planning Process Chapter 4 Overview

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• December 08, 20143-7 Identify two provisions that might be included in an ILIT that provide liquidity for the insured’s estate through the use of the life insurance policy’s death benefits.

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• December 08, 20142-5 Discuss the practical uses for life insurance in the estate planning context

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• December 08, 20143-4 Describe the methods that might be employed in large premium ILITs to avoid adverse gift tax consequences for beneficiaries who anticipate the lapse of Crummey powers.

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• December 08, 20142-4 Explain the federal gift tax implications of making a gift of a life insurance policy.

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• December 08, 20143-5 Describe the procedure to follow to avoid the application of the 3-year rule to life insurance policies acquired by an ILIT.

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• December 08, 20143-2 Describe how the Crummey power creates a present-interest gift that qualifies for the annual exclusion.

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• December 08, 20143-1 Irrevocable Life Insurance Trusts Overview

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• December 08, 20143-3 Explain the gift tax implications of lapsing a Crummey power from the standpoint of the ILIT beneficiaries.

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• December 08, 20142-2 Describe the circumstances under which life insurance proceeds will be included as part of the insured’s gross estate.

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