Estate Planning Formulas?!!

[N.VanCandidate]

WTH !! seriously whats with all these formulas added this year….
any pointers on how to tackle these to remember them?! or just give up on them?

 

[N.VanCandidate]

[email protected]

 

[green360]

not memorizing ‘em. will just try to logically figure it out if it comes up on the exam.. the gift tax ones are intuitive

 

[kevincwang]

Several key concepts there
First, community law and forced heirship rule calculation, read that two samples
Gift taxes are pretty straightforward, again, read the sample
then residence and source conflict, remember who gives credit/exception and deduction, then you should be good
I was about to give up that section today since I am annoyed by the gift tax formula, after reading, not that bad

 

[PeteyPete]

…..

 

[swinerton]

not hard to memorize
similar as tax formulas
nominator: [ 1+ rg(1-Tg)]^n
denominator: just replace rg and Tg with Re and Te
if donar pay tax, nominator times ( 1- Tg + TgTe)

 

[dcbreber]

I did memorize these, I dont think they are that difficult since you really just start with:
(1 +rg(1-tg))^n / (1+re(1-te))^n (1-Te)
and then add things onto the top for paying taxes or for donor paying taxes v. beneficiary. Also, the top is really just the same as the bottom except there is a g instead of an e.

 

[inbead]

N van and Petey Pete do you mind sharing the trick? I have sent you both emails. Just check your spam folder. email is from “Abbas”