Gift and Estate Planning

Recorded On: 11/09/2017

This webinar introduces the concept of the unified transfer tax system (gift and estate taxes) and planning techniques to minimize the costs of property transfers during lifetime and at death. The components of the gift and the estate tax computations are discussed and illustrated through examples. Common and not-so common gift and estate planning strategies are discussed, including establishing lifetime gifting programs, maximizing the marital deduction, using grantor retained annuity trusts, and evaluating the effectiveness of the portability election.

Learning Objectives:

Upon completion of this course, you will be able to:

  • Define what constitutes a taxable gift for federal gift tax purposes.
  • Explain the various components of the federal gift tax computation, and review a Case Study.
  • Define items to be included in the gross estate for federal estate tax purposes.
  • Explain the various components of the federal estate tax computation, and review a Case Study
  • Evaluate several gift-tax planning strategies, such as lifetime giving, maximizing the marital deduction, using trusts for inter vivos gifts, charitable transfers, and deciding what property to gift.
  • Evaluate several estate planning strategies, including fine-tuning the marital deduction, establishing an A-B trust arrangement, comparing the portability election trust arrangement, avoiding probate costs, and establishing grantor retained annuity trusts and family limited partnerships.

IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes

Presented by John O. Everett, CPA, Ph.D., and Cherie J. Hennig, CPA, Ph.D.

NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: QAS Self-Study

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.


The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:




NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at

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​Cherie J. Hennig, CPA Ph.D.

​Cherie J. Hennig, CPA, Ph.D.

Cherie J. Hennig, CPA, Ph.D., began her career as an IRS Revenue Agent in Denver, CO. She has taught undergraduate and graduate tax courses at Florida International University, Colorado State University, the University of South Florida, and Virginia Tech. She has published articles in leading tax journals, co-authored two tax texts and written and taught numerous continuing professional education courses. She is a co-author of NSA's 1040 101 course.

John O. Everett, CPA, Ph.D

John O. Everett, CPA, Ph.D

John O. Everett, CPA, Ph.D., is Professor Emeritus of Accounting at Virginia Commonwealth University in Richmond, VA. John's teaching specialty is federal taxation. He has authored or co-authored over 90 articles in academic and professional journals including the NSA EA Exam Review Course and 1040 101 Course, and is the coauthor of several textbooks, including CCH Practical Guide to Schedule M-3 Compliance, The HBJ Federal Tax Course, Income Tax Fundamentals, and Tax Planning With the Computer.