Personal Financial Planning 2

Personal Financial Planning 2: Tax and Estate Planning Techniques

Use CEBS courses to pursue the CFP Certification

 This course may be used as an elective for the CEBS curriculum.

This course, which is complementary to Personal Financial Planning 1, concentrates on the two subject areas of income taxation and estate planning. These concepts are applied to special situations, and techniques are described for minimizing taxes and achieving client objects. Income tax saving techniques are presented that are relevant to the individual taxpayer. Planning for retirement plan distributions also is explored. The transfer tax system is described covering both estate and gift taxes. The probate process, strategies for gifting and the marital deduction also are covered. Further management of property and its disposition is described with use of such relevant tools as revocable living trusts, wills and will substitutes. This course also reviews various business structures and the special issues associated with creation, retention or disposition of a business interest in a family's financial planning.

Testing Appointments: Please note the course number to use to for making appointments at Prometric for Personal Financial Planning 2 is Course 21.

Study Materials

• Study Manual, 2nd edition-includes Practice Exam on CD-ROM, $125.00.
• Personal Financial Planning , 7th Edition, G. Victor Hallman and Jerry S. Rosenbloom, McGraw-Hill, 2003, $50.00. ISBN 0-07-141944-6

May meet CE Credit Requirements.
Click here for ACE Credit Recommendation.

Enrichment Reading:
Estate Planning Basics, Fourth Edition
Pension Distribution Answer Book, 2008 Edition

Assignment Topics

1. Income Taxation - A Detailed Analysis I
2. Income Taxation - A Detailed Analysis II
3. Income Tax-Saving Techniques for the Individual
4. Planning for Retirement Plan Distributions
5. The Transfer Tax System
6. Lifetime Gifting and Sales Within a Family
7. Planning for Education Expenses
8. Strategies for Using the Marital Deduction
9. Charitable Giving
10. Life Insurance in Estate Planning
11. Revocable Living Trusts, Other Will Substitutes and Property Management Arrangements
12. Selection and Use of Business Entities
13. Planning for the Retention or Disposition of Business Interests
14. Developing a Financial Plan in Specialized Situations
15. Developing, Implementing and Modifying a Comprehensive Financial Plan