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 complements PFP 1 and presents viable tax strategies and planning approaches relevant to those who are accumulating assets, have established business interests or are attempting to minimize income taxation throughout their professional careers. The course begins with two assignments detailing the critical element of income tax planning, including tax law, fundamental tax principles and select transactions the Internal Revenue Code (IRC) allows for special treatment. Other assignments cover areas such as considerations surrounding retirement plan distributions, gift and estate taxes, tax-efficient college saving, essential components of a marital deduction strategy, the basic tax principles applicable to charitable giving, use of life insurance in estate and business planning, revocable living trusts and considerations regarding closely-held business entities and intergenerational planning for business interests. Additionally, the financial planning needs for unmarried couples, divorced couples and other specialized situations are examined, concluding with the essential elements and significance of a comprehensive financial plan.
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 (PC only), $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, Fifth Edition
Assignment Topics
- Income Taxation--A Detailed Analysis I
- Income Taxation--A Detailed Analysis II
- Income Tax-Saving Techniques for the Individual
- Planning for Retirement Plan Distributions
- The Transfer Tax System
- Lifetime Gifting and Sales Within a Family
- Planning for Education Expenses
- Strategies for Using the Marital Deduction
- Charitable Giving
- Life Insurance in Estate Planning
- Revocable Living Trusts, Other Will Substitutes and Property Management Arrangements
- Selection and Use of Business Entities
- Planning for the Retention or Disposition of Business Interests
- Developing a Financial Plan in Specialized Situations
- Developing, Implementing and Modifying a Comprehensive Financial Plan