• Recall the benefits of family entities.
• Identify the party that receives asset protection through a family limited partnership.
• Identify the basis for a remainder beneficiary of a GRAT.
• Recall the technique used by a senior generation of a family to gift property to a younger generation.
• Recognize the effect a term of years has on the valuation of a taxable gift to a QPRT.
• Distinguish among the various types of generation skipping taxable transfers.
• Calculate the inclusion ratio for a generation-skipping transfer.

• Advanced estate planning strategies
• Generation-skipping transfer tax

None.