R30: Estate Planning Flashcards
1
Q
How can you estimate core capital?
A
Mortality tables (remember to discount to to today) Monte carlo (chance of ruin)
2
Q
Gift vs bequest formula?
A
See notes
3
Q
Why would you use irrevocable trusts?
A
Protection assets
4
Q
What’s the difference between the credit, exemption and deduction methods?
A
Credit - highest of the two
Exemption- just source
Deduction - source, then residence on remaining
