Week 10 fixed not the other assignments

timer Asked: Jul 8th, 2013

Question Description

Financial planning necessarily involves an understanding of tax laws and how they affect your elderly client's estate.

Respond to the following:

  • What is an estate tax?
  • What are the advantages and disadvantages of estate tax?
  • What should Elder Law professionals do to protect a client's estate under this tax law?
  • Discuss the concepts of taxable estate and gross estate.
  • What is a generation-skipping transfer tax?
  • What is a gift tax? What are the gift tax exemptions?
  • What is a life estate? What is its use in estate planning? How is it created? What are its advantages and disadvantages?
  • What is a trust? What are the different tpes of trusts that can be created?
  • What are the advantages and disadvantages of each of the different types of trusts?
  • What is a reverse mortgage? Who is eligible for a reverse mortgage? What are its advantages and disadvantages?
also use APA format and references that match and then use only 12 point double spaced because not only is is not formated correctly but it makes it shorter.

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